An annual study by an independent market research company has confirmed that our parent RWS Group is this year ranked sixth in the highly influential Global Top 100 Language Service Providers.
Across the Group we now employ over 750 and our reported turnover for the last financial year was £95.2 million.
The ranking reflects the significant investment across all areas of the Group to meet what continues to be a growing demand for outsourced language services which the survey, by Common Sense Advisory (CSA Research), estimates will reach US$40.27 billion in 2016.
“As a Group, we continue to grow both organically and as a result of selective acquisitions. This in turn allows us to enhance the services we can offer to Eclipse’s customers and deliver more value to our shareholders”, commented Eclipse’s managing director Stuart Carter.
CSA Research found that demand for translation and interpreting services and supporting technologies continues and is growing at an annual rate of 5.52%. As part of the study, the firm surveyed providers from every continent to collect actual reported revenue for 2014, 2015, and expected revenue for 2016. The study confirms that the market continues to expand, however the current growth rate of 5.52% represents a slight decrease over last year’s rate of 6.46%.
As organisations both large and small address more languages, it is predicted the language services industry will continue to grow and the market will increase to US$45 billion by 2020. Factors driving this demand include continued growth in global mobile and ecommerce, the internet of things (IOT) and legislation requiring access to language services for immigrants, refugees, in the courts and for public safety.