Ciklopea is an industry-focused provider of language solutions enabling companies to reach, engage and support global clients.

Comments the CSO of Ciklopea, Mladen Stojak:

“Translation is something that people tend to notice only when it is bad, and then it may be too late. We are here to prevent that from happening and, given the fact that we have been recognized as one of the largest LSPs in Southern Europe for the third time (in 2018, 2019 and now in 2020), I would say that we have been doing a fine job. We see this recognition as a validation of our efforts and our commitment to quality, integrity and consistency of our solutions.”

“Most people don’t recognize the value of interpreting or translation until they can’t understand something—and the absence of spoken or written content in their languages happens far too often,” comments Dr. Donald A. DePalma, CSA Research’s Chief Research Officer. “Language service providers and technology developers deliver essential translation and interpreting services.”

The rankings are based on confirmed revenue from 2019—CSA Research found that the market that year for language services and supporting technologies reached US$49.60 billion.

About Ciklopea

Ciklopea is an industry-focused provider of language solutions enabling companies to reach, engage and support global clients. Our mission is helping clients to optimize multilingual efforts and accelerate digital transformation through innovative solutions.

About CSA Research
CSA Research, formerly Common Sense Advisory, is an independent market research company helping companies profitably grow their global businesses and gain access to new markets and new customers. www.csa-research.com | @CSA_Research | media@csa-research.com

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As part of the study, the firm surveyed providers from every continent to collect actual reported revenue for 2015, 2016, and expected revenue for 2017. CSA Research, which has published market size estimates and global rankings for the past 13 years, found that the demand for language services and supporting technologies continues and is growing at an annual rate of 6.97%, representing an increase over last year’s rate of 5.52%.

Comments the Chief Strategy Officer of Ciklopea, Mladen Stojak,

“Our ranking among the largest LSPs in Southern Europe – the region stretching from Portugal and Spain to Greece and Turkey – is the result of years of quality work and smart investing in people, technology and processes. There will be more good news coming from Ciklopea in the near future.”

Localization enables market opportunities © CSA

As organizations both large and small make their products and services available in more languages, the firm predicts that the language services industry will continue to grow and that the market will increase to US$47.46 billion by 2021. Factors driving this demand include mobile, wearables, and the internet of things (IOT); on-demand offerings to support live chat, texts, tweets, and other short-shelf content bits; and legislation requiring access to language services.

“The sheer number of countries, people, and languages – many of them in markets experiencing tremendous economic growth – assures that demand for language services will only increase over time. As our research conclusively demonstrates, people are much more likely to purchase products in their own language. In addition, localization reduces customer care costs and increases brand loyalty,” explains Don DePalma, CSA Research’s founder and Chief Strategy Officer.

Language Market Growth 2009-2017. © CSA

About Ciklopea

Ciklopea is an industry-focused provider of linguistic solutions enabling companies to reach, engage and support global clients and customers. Our linguistic products have been developed to accommodate the specific requirements, dynamics and prospects of the life sciences, IT & software and technology and manufacturing industries.

About Common Sense Advisory

Common Sense Advisory is an independent market research company specializing in translation, localisation, interpreting, globalization, and internationalisation analysis and consulting. www.commonsenseadvisory.com / @CSA_Research

Ciklopea Media Contact: marketing@ciklopea.com

CSA Research Contact: media@commonsenseadvisory.com

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