Independent market research firm Common Sense Advisory recognises Wieners+Wieners as a leader in $40.27 billion global industry
Ahrensburg – Wieners+Wieners announced today its official ranking as one of the largest language services providers (LSPs) in the translation and interpreting industry. Issued in July 2016 by independent market research firm Common Sense Advisory (CSA Research), the report titled “The Language Services Market: 2016” ranked Wieners+Wieners as a top-grossing language service provider in the $40.27 billion global market for outsourced language services and technology. Wieners+Wieners was named as the 76th largest translation vendor in the world and 8th in the German region.
CSA Research, which has published market size estimates and global rankings for the past 11 years, found that the demand for language services continues, and is growing at an annual rate of 5.52%. As part of the study, the firm surveyed language service providers to collect actual reported revenue for 2014, 2015 and expected revenue for 2016.
“We are proud that we have been able to maintain a stable position in the global top 100 ranking over the past three years and count among the largest companies in our sector worldwide and particularly in Germany,” says Kai-Dominik Weyel, general manager of Wieners+Wieners. “We want to continue on our course for growth and are optimistic that, in the coming years, we will be able to improve our position in the rankings even further.”
As organisations both large and small address more languages, the firm predicts that the language services industry will continue to grow and that the market will increase to $45 billion by 2020. Factors driving this demand include continued growth in global mobile and e-commerce; the Internet of things (IOT); and legislation requiring access to language services for immigrants, refugees, in the courts, and for public safety.
“Demand continues because the market for outsourced language services and supporting technology is immensely important to the businesses, government agencies, non-profits and individuals that produce or consume information,” adds Weyel.
Located in Ahrensburg, Wieners+Wieners GmbH is an internationally active provider of premium language services in the form of translations and adaptions as well as proofreading and editorial services. Since its founding in 1990, the company – and its nearly 60 employees – is among the world’s top 100 language service providers. A comprehensive network of carefully selected expert translators who translate exclusively into their native languages forms the basis for the realisation of a wide array of projects in more than 70 languages. Quality assurance through the observance of international translation standards, in-house German and English proofreading departments and personal customer relationships make the highest level of service possible. Customers include most leading German advertising agencies, numerous large companies from the fields of business and industry as well as small and medium-sized companies from all segments.
About Common Sense Advisory
Common Sense Advisory is an independent market research company helping companies profitably grow their international businesses and gain access to new markets and new customers. Its focus is on assisting its clients to operationalise, benchmark, optimise and innovate industry best practices in translation, localisation, interpreting, globalisation and internationalisation. For more information, visit: http://www.commonsenseadvisory.com or www.twitter.com/CSA_Research.
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