Mc LEHM Language Services Ranked Among Southern Europe’s Largest Language Services Providers
Independent market research firm Common Sense Advisory recognizes Mc LEHM Language Services as a leader in $43.08 billion global translation, localisation, and interpreting services industry
Madrid – Mc LEHM Language Services announced today its official ranking as one of the largest language services providers (LSPs) in the global translation and interpreting industry. Issued July 2017 by independent market research firm Common Sense Advisory (CSA Research), the report titled “The Language Services Market: 2017” ranked Mc LEHM Language Services as a top-grossing LSP in the US$43.08 billion global market for outsourced language services and technology. Mc LEHM Language Services was ranked among the 10 largest language services vendor in Southern Europe.
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%.
Mc LEHM Language Services, which was founded in 1998, is currently one of the 5 leading language services companies in Spain and is proud to be the linguistic partner of its clients, offering them comprehensive solutions to assist their communication on a global scale and contribute to driving their growth.
As organizations both large and small make their products and services available in more languages, the firm predicts that the language services industry will continue to grow and that the market will increase to US$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 Mc LEHM Language Services
Mc LEHM was founded in 1998 in response to an increasing demand for top quality, specialized translation and interpreting.
Almost 20 years later, Mc LEHM has become an industry benchmark both at home and abroad.
Currently, more than 2,000 companies spanning three continents trust in Mc LEHM.
Mc LEHM has an annual turnover of 10,000 projects and 40 million words.
About Common Sense Advisory
Common Sense Advisory is an independent market research company specializing in translation, localisation, interpreting, globalization, and internationalisation analysis and consulting. www.commonsenseadvisory.com / @CSA_Research
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