Home Companies News ABBYY - Market Leader in Language Services and Technology in Russia
ABBYY - Market Leader in Language Services and Technology in Russia
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Written by Amanda Green   
Thursday, 19 March 2009

          ABBYY has been named a leader in language services and language technology in a report by the Localization Industry Standards Association (LISA). The report is based on a survey conducted in 2008 among more than 100 companies.


         “Russian language services represent a US$ 270 – $320 million market that is growing rapidly... Of this, approximately US$ 250–300 million is in the translation and localization (T&L) services market and US$ 18–20 is in the language technology market (with a much larger potentially addressable market)”, states the report.
         According to the research, ABBYY is one of the five largest providers of language services of this type in Russia.
         “It is the first time that a research of the language services industry in Russia has been done on such a scale. And what is equally significant it has been carried out by LISA, an authoritative international organization in the field of localization and globalization, - said Ivan Smolnikov, CEO of ABBYY Language Services. “Language support is one of the key factors for success when entering a foreign market. Today, many international companies are interested in developing their business in Russia, and professional language support of a local provider will make the localization process much simpler and smoother for them.”
        The LISA’s report also covers the Russian language technology market which includes providers of electronic dictionaries and translation software. ABBYY has been recognized for its popular Lingvo dictionary.
         “One of the key advantages of ABBYY in both fields is the ability to leverage the synergy between linguistic technologies and language services,” - said Alexander Rylov, director of linguistic products department at ABBYY. ¬“The extensive experience in language services helps to enhance linguistic technologies and software products, and vice versa. Combined together, these activities strengthen the ABBYY brand as an expert in linguistics.”

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