The annual survey by CSA Research places Hansem Global at the forefront of the language services and technology industry.
Hansem Global, a dynamic player in the language services industry, has been named one of the leading language services providers worldwide by independent market research firm CSA Research. This recognition underscores Hansem Global’s significant impact on the industry and its steadfast commitment to excellence.
About CSA Research
CSA Research is the premier independent market research company focused on language services and technologies. It provides reliable market research for global organizations to operationalize, benchmark, optimize, and innovate industry best practices in globalization, internationalization, localization, interpreting, and translation.
Methodology and Ranking
CSA Research’s annual study of the language services and technology market is based on a rigorous methodology that ensures the accuracy and integrity of the data published for this and other reports based on its Global Market Study. Instead of estimating values, the firm uses the exact data provided and verified and authorized by LSPs and technology vendors for the ranking.
In their 2024 rankings, based on verified revenues from 2023, Hansem Global secured the 67th position globally and the 19th in the Asia-Pacific Region in the $55.61 billion language services industry. Since Hansem Global participated in the ranking survey conducted by CSA in 2013, the company has consistently ranked as a global top 100 language company for over ten years.
Language Services Market in the Asia-Pacific Region
The Asia-Pacific region represents a burgeoning market for language services, driven by rapid economic growth, increasing globalization, and a diverse linguistic landscape. According to industry projections, this region’s demand for language services is expected to grow at a compound annual growth rate (CAGR) of 7.4% over the next five years. This growth is fueled by the region’s expanding e-commerce sector, cross-border trade, and the rising need for localized content to cater to diverse linguistic communities.
Hansem Global’s Strategic Position
With its prestigious recognition, Hansem Global solidifies its position as a significant contributor to the multi-billion-dollar global language services market. The company’s strategic focus on integrating advanced technologies such as AI and machine translation has enabled it to meet client’s evolving needs in the Asia-Pacific region. Hansem Global’s expertise in providing high-quality, culturally nuanced translations has been instrumental in helping businesses expand their reach and enhance customer engagement.
Insights from CSA Research
Hélène Pielmeier, CSA Research global market study analyst, recognizes the crucial role of the language services industry in today’s global business landscape: “LSPs not only bridge linguistic and cultural gaps but also drive global business growth by enabling effective communication across borders. Our 20th annual ranking of the top LSPs worldwide and by region highlights the leaders setting the standard for excellence in the industry.”
She adds, “The industry has entered the Post-Localization Era, a period of profound transformation for LSPs. Future growth will stem from language services, enhanced with more NLP insight and by more powerful algorithms, and become core services for a wider range of international content operations. Such offerings help clients expand their global customer engagement and experience.”
Conclusion
Hansem Global’s consistent ranking among the top language services providers globally and regionally is a testament to its unwavering commitment to quality and innovation. As the demand for language services continues to grow, particularly in Asia-Pacific, Hansem Global is well-positioned to lead the industry in providing cutting-edge solutions that bridge cultural gaps and drive global business success.
For more information on Hansem Global’s services and to explore how they can help your business thrive in a global market, visit Hansem Global’s website.