2011: A Successful Year for Translation Agency Baltic Media
Common Sense Advisory which is an independent USA-based market research company has released the annual review of the translation, localization and interpreting services industry “The Language Services Market: 2011”*.
According this research the world market for outsourced language services was worth USD 31.438 billion in 2011.
The largest markets were those in Europe (42.07%) and North America (49.25%).
Common Sense Advisory has calculated that the language services market is growing at an annual rate of 7.41%.
Baltic Media Ltd companies operating in the European countries around the Baltic Sea (the Nordic and Baltic countries) showed high sales results in 2011.
Aigars Apsāns, Managing Director of Baltic Media says, “Despite the global economic crisis our companies have reached a significant sales result in 2011 and according to unaudited data it has grown by 13.26% compared to year 2010 turnover purporting that we have exceeded the global market tendencies by approx. 50%.
This trend has been achieved by attraction of new clients and by adding new services such as documentation preparation, movie/video production with recording and subtitling, home page text development, editing and code optimization according to SEO principles and some significant technology innovations.
Baltic Media is a company group which was founded in Sweden in 1991 and operates in the Scandinavian and Baltic market since 1994 being one of the leading suppliers in the segment of quality language services.
* Baltic Media was among industry participants who answered the questions of Common Sence Advisory
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