The Slator 2022 Language Service Provider Index
                     The Slator 2022 Language Service 
Provider Index
The Slator Language Service Provider Index (LSPI) is a ranking and an index of the world’s 
largest translation, localization, interpreting, and language technology companies.
As in the 2021 edition, participants in the Slator 2022 LSPI are listed in order of revenue 
(in USD for 2021). The ranking is supplemented with information relating to each 
company, such as 2020 revenues, year-on-year growth, corporate headquarters, 
ownership, and financial year end.
Consistent with previous years, Slator has segmented the landscape of providers into four
distinct groups.
1. Super Agencies – full-service, multi-vertical LSPs with revenues greater than USD 
200m;
2. Leaders – LSPs with revenues greater than USD 25m and that do not fall into the 
Super Agency category;
3. Challengers – LSPs with revenues between USD 8m and USD 25m;
4. Boutiques – LSPs with revenues between USD 1m and USD 8m.
Companies may choose to use the information as a benchmark for their own performance 
and growth, as an indication of growth in the language services industry, and as a starting 
point for evaluating strategic options including M&A.
Slator 2022 Language Service Provider Index 
(All Data as a Spreadsheet Download)
Spreadsheet with underlying data for the Slator 2022 LSPI: ca. 300 LSPs, 2021 and 2020 
revenues (USD and original currency), growth, ownership, headcount, headquarters, and 
more.
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LSPI Highlights
● The 2022 LSPI features more than 300 companies in total, more than 100 of 
which are making their debut this year.
● The combined US-dollar revenue of Slator 2022 LSPI companies grew more 
than 22% in 2021 to nearly USD 9.5bn. This is an attractive headline rate — 
particularly given the continued challenges posed by Covid-19 in 2021. 
However, the following should be noted:
○ A significant portion of this growth is the result of M&A-driven 
consolidation. 
○ We estimate organic growth across the ca. 300 companies featured 
in the low double digits.
● Inclusive of both M&A and organic growth, growth among the Super Agencies 
was 33%, compared to Leaders (18%), Challengers (14%), and Boutiques (16%).
● A small number of LSPs reported revenue declines in 2021: 10% of Leaders, 8% 
of Challengers, and 10% of Boutiques. None of the Super Agencies reported 
declines in 2021.
The Slator 2022 LSPI will be a useful resource for language industry stakeholders, such as 
service vendors, buyers, advisers, consultants, and investors when used in conjunction 
with Slator’s online news service and research, such as the recent the Slator 2021 
Language Industry M&A and Funding Report and other in-depth Data and Research.
The Slator 2022 LSPI contains two new fields: Top 3 Sectors and Headcount. Participants 
were given the choice to select the three sectors that are the most significant for their 
business as a percentage of revenue, out of a list of 10 end-customer segments. 
Participants were also invited — but not required — to insert the number of full-time 
equivalent (FTE) staff employed by the company as of year end 2021.
The Slator 2022 LSPI is the industry’s first look at growth in 2021. We will publish a brand 
new Language Industry Market Report in late Q1 2022, with market-sizing and in-depth 
sectoral analysis.
The Slator LSPI contains 2021 and 2020 revenues (in USD) for each company as well as  
percentage growth, which is based on the original reporting currency. Commentary on 
2021 performance data and organizational changes for each LSPI Super Agency and 
Leader is provided in the expanded records.
Search by tags or use the search bar. Click to expand company records.
A number of LSP records show the reporting status as “pending.” In many cases, this is 
because the company’s 2021 financial results have not been made available to Slator in 
time for the launch of the 2022 LSPI.
In such instances, LSPs have been included on the basis of their 2020 revenues. The 2021 
revenues for these companies will be added to the Slator LSPI if and when they become 
available.
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