(Montréal) – TRSB 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 TRSB as a top-grossing LSP in the US$49.60 billion global market for outsourced language services and technology. TRSB was named as the 13th largest LSP in North America.
Founded in 1987, TRSB is an independently owned LSP that specializes in translation outsourcing solutions, including multilingual translation services, customized technology and multimedia localization, with a focus on the Canadian market and its unique set of challenges.
“We are really proud of being recognized as a leader in the industry for the 6th straight year’’ TRSB’s president and founder, Serge Bélair says. “We believe that our forward-thinking approach towards language solutions is what continues to drive our strategic growth in the industry, year over year. By always looking for ways to improve and proactively adapt to the changing market, we know we will be able to serve our customers better and better each day.’’
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.
TRSB is an ISO-certified translation agency that offers customized language solutions, a highly secure infrastructure and a full-time team of over 200 translation specialists. Headquartered in Montreal, TRSB delivers 24/7 turnkey services to customers within Canada and across the globe.
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.
TRSB Media Contact: [email protected]
CSA Research Media Contact: [email protected]