NEW YORK, July 13, 2016 (GLOBE NEWSWIRE) -- Yappn Corp. (“Yappn” or “Company”) (OTCQB:YPPN), a leader in real-time innovative language solutions is pleased to announce its official ranking as one of the largest language services providers (LSPs) in the translation and interpreting industry in North America. Issued July 2016 by independent market research firm Common Sense Advisory (CSA Research), the report titled "The Language Services Market: 2016" ranked Yappn as a top-grossing language service provider in the US$40.27 billion global market for outsourced language services and technology. Yappn was named as the 37th largest LSP vendor in all of North America.
CSA Research, which has published market size estimates and global rankings for the past 11 years, found that the demand for language services continues and is growing at an annual rate of 5.52%. As part of the study, the firm surveyed language service providers to collect actual reported revenue for 2014, 2015, and expected revenue for 2016.
Ed Karthaus, President & CEO stated: “Language is the last barrier to global communications and we have products to help companies capture new markets through our real-time language solutions. We are excited to be recognized as part of the top 40 LSP in North America by Common Sense Advisory, a research firm that tracks business practices of Global 2,000 companies in our industry.”
As organizations both large and small address the issues surrounding languages, CSA predicts that the language services industry will continue to grow and that the market will increase to US$45 billion by 2020.
“Demand continues because 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,” adds Don DePalma, CSA Research’s founder and Chief Strategy Officer.
The full report, including all regional rankings, is available as part of the CSA’s research membership.
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 / @CSA_Research
Yappn Corp. (OTCQB:YPPN) empowers clients to grow their business and capture new markets through its proprietary innovative language solutions. Offering a complete customizable set of tools to engage consumers in up to 67 languages, Yappn’s technology gives people, brands and organizations the power to be social, conduct commerce and communicate freely without a language barrier.
For more information, please visit http://www.yappn.com or contact:
Jeanny So, VP, Corporate Communications
T: 1.800.395.9943 x 228
CSA Research Media Contact:
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