The team over at Common Sense Advisory have released their Top 20 LSP’s (Language Service Provider) list for the year.
Nothing too surprising, except the fact that L-3 Communications bumped Lionbridge off the number one spot this year. The reality though is that the bulk of that revenue was generated through the services they’ve been providing as part of the Iraq War (I’ve written about the heavy casualties L-3 has experienced as part of that contract in the past).
The challenge? They lost that contract to another firm in the waning weeks of 2006. As a result there’s actually a good chance they will fall off the list entirely next year.
It’s interesting to note the hockey-stick like curve that you’d get if you graphed the revenues of the Top 20 LSPs. The Top 5 companies represent just shy of $1.5B in combined revenue while the bottom 15 represent just $647M. The 10th place LSP had less than 7% of the revenues of the 1st place organization – the 20th place organization had just 3.3%.
Either way CSA estimates that these 20 companies represent just 15% of today’s total market (Est. ~$10B) for languages services – so still lots of opportunity for all!
(Hat tip to Lauren from Translatus as I caught the news through her blog)
I mentioned the idea as a bit of a side note in my last post but I thought it would be good the break the notion out as a separate post. I’d like to put together a list/directory of blogs that focus on the language space – I’m always finding new ones and as I mentioned I think it is a great idea to try and make the industry as a whole a bit more visible to people outside of it.
If you write (or heck, just know of) a blog post that generally focuses on:
Please leave a comment here with the URL, Blog Name and Language(s) it is written in and whether it is a corporate or personal blog. If you also want to include a sentence that summarizes what your blog is about that would be good to.
In a couple of weeks I’ll put all the links I get up in an additional listing post which I’ll continue to add to over time.
If you know of someone who might want to be included please pass them the link to this post.
If you know of someone who’d want to be listed please pass along the link to this post so they can add themselves!