The Slator 2022 Language Service Provider Index

The Slator 2022 Language Service Provider Index

The Slator Language Service Provider Index (LSPI) is a ranking and an index of the world’s largest translation, localization, interpreting, and language technology companies.

As in the 2021 edition, participants in the Slator 2022 LSPI are listed in order of revenue (in USD for 2021). The ranking is supplemented with information relating to each company, such as 2020 revenues, year-on-year growth, corporate headquarters, ownership, and financial year end.

Consistent with previous years, Slator has segmented the landscape of providers into four distinct groups.

1. Super Agencies – full-service, multi-vertical LSPs with revenues greater than USD 200m; 2. Leaders – LSPs with revenues greater than USD 25m and that do not fall into the Super Agency category; 3. Challengers – LSPs with revenues between USD 8m and USD 25m; 4. Boutiques – LSPs with revenues between USD 1m and USD 8m.

Companies may choose to use the information as a benchmark for their own performance and growth, as an indication of growth in the language services industry, and as a starting point for evaluating strategic options including M&A.

Slator 2022 Language Service Provider Index (All Data as a Spreadsheet Download)

Spreadsheet with underlying data for the Slator 2022 LSPI: ca. 300 LSPs, 2021 and 2020 revenues (USD and original currency), growth, ownership, headcount, headquarters, and more.

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LSPI Highlights ● The 2022 LSPI features more than 300 companies in total, more than 100 of which are making their debut this year. ● The combined US-dollar revenue of Slator 2022 LSPI companies grew more than 22% in 2021 to nearly USD 9.5bn. This is an attractive headline rate — particularly given the continued challenges posed by Covid-19 in 2021.

However, the following should be noted: ○ A significant portion of this growth is the result of M&A-driven consolidation. ○ We estimate organic growth across the ca. 300 companies featured in the low double digits. ● Inclusive of both M&A and organic growth, growth among the Super Agencies was 33%, compared to Leaders (18%), Challengers (14%), and Boutiques (16%). ● A small number of LSPs reported revenue declines in 2021: 10% of Leaders, 8% of Challengers, and 10% of Boutiques. None of the Super Agencies reported declines in 2021.

The Slator 2022 LSPI will be a useful resource for language industry stakeholders, such as service vendors, buyers, advisers, consultants, and investors when used in conjunction with Slator’s online news service and research, such as the recent the Slator 2021 Language Industry M&A and Funding Report and other in-depth Data and Research.

The Slator 2022 LSPI contains two new fields: Top 3 Sectors and Headcount. Participants were given the choice to select the three sectors that are the most significant for their business as a percentage of revenue, out of a list of 10 end-customer segments.

Participants were also invited — but not required — to insert the number of full-time equivalent (FTE) staff employed by the company as of year end 2021.

The Slator 2022 LSPI is the industry’s first look at growth in 2021. We will publish a brand new Language Industry Market Report in late Q1 2022, with market-sizing and in-depth sectoral analysis.

The Slator LSPI contains 2021 and 2020 revenues (in USD) for each company as well as percentage growth, which is based on the original reporting currency. Commentary on 2021 performance data and organizational changes for each LSPI Super Agency and Leader is provided in the expanded records.

Search by tags or use the search bar. Click to expand company records.

A number of LSP records show the reporting status as “pending.” In many cases, this is because the company’s 2021 financial results have not been made available to Slator in time for the launch of the 2022 LSPI. In such instances, LSPs have been included on the basis of their 2020 revenues. The 2021 revenues for these companies will be added to the Slator LSPI if and when they become available.

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