Independent market research firm CSA Research recognizes EC Innovations as a leader in US$49.60 billion global translation, localization, and interpreting services industry
(Singapore, Asia HQ) –EC Innovations announced today its official ranking as one of the largest language service providers (LSPs) in the global translation, localization, and interpreting industry. Issued May 2019 by independent market research firm CSA Research, “Who’s Who in Language Services and Technology: 2019 Rankings”
named EC Innovations as a top-grossing LSP in the US$49.60 billion global market for outsourced language services and technology. EC Innovations was named as the 50th largest LSP in the world.
EC Innovations is an industry leading translation and localization provider with multiple ISO certifications and a wealth of experience localizing content for most industry verticals. Today, EC Innovations has grown into 3 regional HQ’s (Singapore, Budapest, Chicago) and a total of 11 strategic global offices, 400 plus full-time employees, offering full localization support into 120+ languages and 260 locales.
Comments the Managing Director, of EC Innovations Singapore, Vijay Suppiah, “As organizations continue to go global across geographies and channels, the need for global-scale translation services is also increasing. We expect to gain additional market presence and we will continue to strengthen our several long-standing, multi-million dollar relationships with clients in the financial services, electronics, automation, manufacturing, information technology and life sciences markets.’
The firm found that the market for language services and supporting technologies will grow 6.62% from 2018 to 2019, however the 100 largest LSPs grew at 20.08%.
The industry’s compound annual growth rate over the last 11 years was 7.76%.
“People worldwide prefer consuming information in their own language. Meeting this expectation − and sometimes the legal requirements to do so – fuels an indispensable global industry that continues growing due to global digital transformation,” comments Dr. Donald A. DePalma, CSA Research’s Chief Research Officer. “Language service providers and technology developers support those global experiences in other languages, delivering essential translation, interpreting, and localization outsourcing capabilities to businesses, governments, NGOs, and individuals around the world.”
Included in CSA Research’s global market study is the ranking of the largest 193 language service providers globally and by region, all of which offer language and localization services to enable enterprises to expand global reach and to respond to domestic needs.
The verified and validated list of the largest 100 LSPs in the world is open-access and available here.
About EC Innovations
For 22 years, EC Innovations has been empowering communications for leading multinationals. Originally known as a supplier to suppliers, EC Innovations has quickly become one of the fastest growing multilingual Language Service Providers in the marketplace and the world. EC Innovations’ specializations include customized hybrid models/technology solutions to fit any budget and subject matter expertise for most industry verticals.
Today, EC Innovations has grown into 3 regional HQ’s (Singapore, Budapest, Chicago) and a total of 11 strategic global offices, 350 plus full-time employees, offering full localization support into 120+ languages and 260 locales.
Our mission is to continuously build upon our reputation as a customer-centric organization focused on high quality standards, technology, and value added services to meet any type of localization requirements that our clients have.
About CSA Research
CSA Research, formerly Common Sense Advisory, is the premier market research firm specializing in the language services and technology industry. It provides primary data and insight to assist companies with planning, brand strategy, innovation, competitive positioning, and better understanding of global markets. An independent market research company, its trusted and verified data helps companies profitably grow their international businesses and gain access to new markets and new customers. For more information, visit: csa-research.com or twitter.com/CSA_Research.
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