Tetras Translations Recognized Among Largest Translation and Interpreting Providers in the World and Western Europe
17th June 2018 / Tetras Translations
Independent market research firm CSA Research recognizes Tetras as a leader in US$49.60 billion global translation, localization, and interpreting services industry
Germany – Tetras 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 Tetras as a top-grossing LSP in the US$49.60 billion global market for outsourced language services and technology. Tetras was named as the 99th largest LSP in the world and 20th largest in Western Europe.
Tetras Translations is an international company with 20 years of experience in the area of technical translation. Company takes over all professional technical interpretation requests, all translations, localization, DTP services and services in the area of technical documentation.
Comments by Peter Zoricak, the CEO of Tetras, „Our work process according to ISO standards 9001:2008 and 17100:2015 guarantees high quality of every delivered project. Tetras project managers take active part in the proofing processes – this includes the monitoring of appropriate application of work processes and their compliance with the documented information. We have been working hard last years and every year we look forward to not only improve our ranking, but also end up with a better score.”
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.
As an international company with headquarters in Munich and other branch offices in the USA, Slovakia, the Czech Republic and Poland, you can find Tetras clients in all continents of the world. Tetras works with translators, revisers, professionals, specialists and scientists from more than 40 countries, who are always native speakers of the desired target language.
With 981 professionals in 5 branch offices worldwide and 454 language combinations for more than 3000 clients, Tetras belongs to the TOP 100 translation companies in the world since 2012.
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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Tweet this: Global market for language services and technology will surpass US$49.60 billion in 2019 according to @CSA_Research http://ow.ly/7geE50ufbOF. @TetrasTranslate ranks as 99th largest LSP in the world.
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