FOR IMMEDIATE RELEASE: 07/20/2017
Independent market research firm Common Sense Advisory recognizes LATN as a leader in $43.08 billion global translation, localization, and interpreting services industry
Atlanta, GA. – Independent research firm Common Sense Advisory (CSA Research) announced this month that LATN Inc. has been ranked among the top 40 top-grossing language services providers in North America. The translation, localization and interpreting industry has a $43.08 billion global market for outsourced language services and technology. At such projected success, LATN is ecstatic to be a part of the top performing companies for the second year in a row.
Headquartered in Atlanta, with locations in Michigan, Florida and California, LATN was established in 1995 to facilitate communications for increasingly international and diverse organizations and communities. Today, the company serves clients around the globe, from state and local governments to multinational corporations.
“Being recognized for the second year in a row as one of the top companies by CSA is a great achievement,” comments Alicia Mitchell, president and founder of LATN. “This shows that both the dedication we provide to our customers and high level of expertise from our team delivers the quality language access that we have strived for since our beginning in 1995.”
With more than 1,300 quality interpreters and translators worldwide, LATN provides translation, localization and interpreting services in more than 140 spoken languages and 6 sign language modalities to multiple industries, including but not limited to: education, medical providers, life sciences, technology, manufacturing and government entities.
As part of the study, the firm surveyed providers from every continent to collect actual reported revenue for 2015, 2016, and expected revenue for 2017. CSA Research, which has published market size estimates and global rankings for the past 13 years, found that the demand for language services and supporting technologies continues and is growing at an annual rate of 6.97%, representing an increase over last year’s rate of 5.52%.
As organizations both large and small address more languages, CSA predicts that the language services industry will continue to grow and that the market will increase to $47.46 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.
“The sheer number of countries, people, and languages – many of them in markets experiencing tremendous economic growth – assures that demand for language services will only increase over time. As our research conclusively demonstrates, people are much more likely to purchase products in their own language. In addition, localization reduces customer care costs and increases brand loyalty,” explains Don DePalma, CSA Research’s founder and Chief Strategy Officer.
About LATN Inc.
LATN recognizes globalization and technology trends reshaping trade, finances and the way people communicate at unprecedented rates. The company specializes in customer-centered, personalized, flexible language solutions while using advanced technology to successfully meet the communication needs of client organizations. For more information, visit www.latn.com or phone 800-943-LATN (5286).
For more information, contact Marketing and Social Media, firstname.lastname@example.org
1720 Peachtree Street NW, Suite 532, Atlanta, GA 30309
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