November 10 2016 @ 11:21 by Alison Cowie
RWS Group employs over 750 with a reported turnover for the last financial year of £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.
Eclipse, which is this year celebrating its 20th anniversary, employs over 30 staff and supports an extensive network of language specialists based around the world. It offers dedicated support in over 50 languages, with its key services being translation, interpreting, localisation, subtitling and voiceovers. Sectors it operates in include chemicals, FMCG, pharmaceuticals, legal, financial services, defence, manufacturing, government and energy.
Stuart Carter, managing director, Eclipse Translations, said: “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.”
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.