In its “Who’s Who in Language Services and Technology: 2017” report, the market research firm Common Sense Advisory states, “Tens of thousands of providers around the globe work with hundreds of thousands of professional linguists to deliver services such as translation, interpreting, and localization to organizations and individuals. This active and growing global industry accounts for US $43 billion in revenue.”
In its newly released global and regional language service providers’ rankings, MTS moves up one spot in the Top 25 in Asia (#15) and for the first time enters Top 100 Global, #95.
At MTS, we are proud to be recognized once more as one of the major players in our fast-growing industry, and we will not take this accolade for granted. We have been and will always be committed to providing scalable and proactive language services that help any companies transform communication to the native languages of its customers, partners, and employees around the world – in a consistent, fast and affordable way.
Common Sense Advisory (CSA) research shows that demand for language services continues and is growing at a rate of 6.97% per year. CSA predicts that the language services industry will continue to grow and that the market will increase to US$47.5 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.
About Common Sense Advisory
Common Sense Advisory is an independent market research company specializing in translation, localization, interpreting, globalization, and internationalization analysis and consulting.