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Saturday, May 23, 2015

Region Focus

LSPs in Central and Eastern Europe

Rebecca Ray

As trade continues to expand going both east and west through Central and Eastern Europe (CEE), companies that provide translation, interpretation and localization services are growing along with expanding markets and rising middle classes. The accompanying map provides an idea of where these language service providers (LSPs) are concentrated and where growth is occurring.

The largest concentration of LSPs in the CEE region is in cities with high numbers of universities and in capitals of former empires, which are often one and the same: Berlin, Bucharest, Budapest, Kiev, Moscow, Prague, St. Petersburg, Sofia, Vienna, Warsaw and Zurich, to name but a few. Four companies — two from the Czech Republic and two from Switzerland — made it into Common Sense Advisory’s annual listing of the Top 50 Language Service Providers: STAR Group (#8), CLS Communication (#13), Moravia Worldwide (#19) and the Skrivanek Group (#31).

The CEE region is one of the smallest in terms of market share worldwide, but it has played a longstanding role in the language services industry. The language services market was estimated to be worth $31.44 billion in 2011. All of Europe accounts for 42% of this market, or $13.22 million, while Eastern Europe represents 2.8%, ...

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Above excerpt taken from the March 2012 issue of MultiLingual published by MultiLingual Computing, Inc., 319 North First Avenue, Suite 2, Sandpoint, Idaho 83864-1495 USA, 208-263-8178, Fax: 208-263-6310. Subscribe

March, 2012