Independent market research firm, Common Sense Advisory, recognizes Master Translation Services as a leader in $38.16 billion global industry.
Master Translation Services of China (MTS) announced today its official ranking as one of the largest language services providers (LSPs) in the translation and localization industry. Issued July 2015 by independent market research firm Common Sense Advisory (CSA Research), the report titled “The Language Services Market: 2015” ranked MTS as a top-grossing language service provider in the US$38.16 billion global market for outsourced language services and technology. MTS was named as the 16th largest translation and localization vendor in all of Asia.
CSA Research, which has published market size estimates and global rankings for the past 10 years, found that the demand for language services continues, and is growing at an annual rate of 6.46%. As part of the study, the firm surveyed language service providers to collect actual reported revenue for 2013, 2014, and expected revenue for 2015. MTS is a company that provides technical translation and interpretation, as well as software, website, multilingual Desktop Publishing (DTP) and multimedia localization to IT, manufacturing and engineering, life sciences, finance and legal services and other industries.
Comments Juergen Simon, Marketing Manager of Buhler China, “We regard MTS as a trustworthy language vendor. The quality of their translation is always up to our expectations, with reasonable pricing. It is worth noting the profound technical expertise of MTS staff.”
“The market for outsourced language services and supporting technology is immensely important to the businesses, government agencies, non-profits, and individuals that produce or consume information’” comments founder of CSA Research Don DePalma. “As organizations both large and small address more languages, we predict that the industry will continue to grow and that the market will increase to US$49.8 billion by 2019.” The full report, including all regional rankings, is available as part of the firm’s research membership.
Master Translation Services
Master Translation Services has been active in translation, interpretation, and localization, and educational services market since 2000. Its US subsidiary company Multilingual Technologies Inc., was incorporated in Santa Clara, USA in 2012. For more information, please refer to www.mts-tech.com
About Common Sense Advisory
Common Sense Advisory is an independent market research company specializing in translation, localization, interpreting, globalization, and internationalization analysis and consulting. www.commonsenseadvisory.com
MTS Media Contact: Irene Lee, irene@mts.cn
CSA Research Media Contact: Melissa Gillespie, Melissa@commonsenseadvisory.com