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THE 2024 NIMDZI 100

The Nimdzi 100



Ranking of the top 100 LSPs

Chances are the information you came here for is the Nimdzi 100 Ranking, which is presented in the table below.

The ranking is based on revenue and lists the top 100 largest language service providers worldwide.

Our ranking is a live document and therefore subject to change.

NOTES:

  • (FY) fiscal year, figures for the latest financial year (verified with financial reports)
  • (v) verified, data provided by companies
  • (e) estimated revenue, based on extensive industry research
  • Some companies appear to have the same revenue due to currency rounding. However, the ranking order is accurate considering the second decimal.

How we create the Nimdzi 100 ranking

During the course of this market analysis, Nimdzi uncovered prominent LSPs that have previously been invisible in market reports because they do not participate in surveys and are reluctant to disclose their revenue. Nimdzi has employed an investigative approach and invested hundreds of hours into intense research, data collection, and analysis in order to present data that have previously been unavailable.

We are very proud to offer broad access to our data. This ranking is offered to all who are interested. No paywall. No strings attached. Localization buyers, investors, savvy job seekers, and analysts are welcome to use this document, just don’t forget to reference Nimdzi Insights, LLC, as the source. Interested parties are free to reach out to us directly should they have any questions.

Below is a summary of the methodology used for the Nimdzi 100 ranking.

  1. We concentrated on identifying LSPs with USD 1 million or more in revenue, with the assistance of in-country experts. In most countries, there are only a few providers of this size, and it is impossible for them to hide from local competitors because they hire staff, take part in requests for proposals, and employ a large number of translators. Once we identified the relevant LSPs, we researched information that could help us make more accurate estimates of their size and talked to the management directly to verify our findings.
  2. We’re typically listing full company revenue, not just language services revenue. It is impossible to separate these from external sources of information, such as annual reports, press releases, and stock listings, which provide the foundation for our work. However, in some cases – where meaningful and the data was available – we do list the company’s language division’s revenue.
  3. We use data from the latest fiscal year for each company. This means the numbers for some companies will not reflect 2023 calendar year revenues. However, where possible, we aggregated quarterly or half-year revenue data to match the calendar year.
  4. Our definition of language services includes translation, localization, transcreation, multilingual desktop publishing (DTP), language quality assurance, linguistic testing, multilingual copywriting, multilingual technical writing, language project management, interpreting, video remote interpreting, telephone interpreting, linguist verification and staffing, media localization, versioning, adaptation, subtitling, voiceover, dubbing, machine translation, training machine translation engines, cultural consulting, data/AI services, and related services.
  5. Growth rates are calculated in USD. 
  6. We use average annual currency conversion rates to US dollars (published by the Internal Revenue Service of the United States for each day of trading in 2023) where applicable.



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