Stratus Video Named the 28th Largest Language Services Provider Globally
By David Fetterolf, Stratus Video President
Stratus Video recently made the Top 30 of this year’s Nimdzi 100 ranking of the largest language services providers in the world. Nimdzi is a market research and international consulting company made up of analysts, consultants, LSP experts, and researchers. Their leadership comes from diverse backgrounds in the language industry, and they know the marketplace well (source).
This year, Stratus Video ranked 28th on their list of largest language services providers in the world. To develop the ranking, Nimdzi researchers drew upon surveys, annual reports, public sector contract information, and interviews with in-country experts.
Here are some interesting facts from Nimdzi on the language services market:
With at least 140,200 legal entities registered globally with “translation and interpreting” main activity, only about one company in eighty five in the language services business makes it past USD 1 million mark. 1,073 of them are based in Europe, the US, and Canada.
Stratus Video is proud to have ranked so high in such a large market, and looks forward to growing even more in the years to come.