Language Connect increases position in annual CSA rankings
Research by the Common Sense Advisory (CSA) shows that Language Connect continues to increase its position in the global language services market. The company is ranked in the Top 20 in northern Europe and is 77th in the Top 100 globally, a leap from when it entered the Top 100 in 2013.
The annual report by the CSA anticipates that the value of the global market for outsourced language services and technology, with more than 20,000 providers worldwide, will reach US$40.27 billion in 2016. It also predicts expansion of the market despite the current growth rate of 5.52% representing a slight decrease over last year’s rate of 6.46%. Currency fluctuations were cited as one of the forces impacting directly on the size of the market.
Language Connect has a strong rate of sustained growth, far exceeding market trends, and is seeing 20% growth this year, gained from both existing and new global clients. In response to this, the company recently established itself in Dubai in addition to offices in London, Munich, New York, Singapore, Istanbul and Melbourne.