CSA Research (formerly Common Sense Advisory) is an independent market research firm that highlights the growth of companies in the language and...
2 min read
22/08/2022
Pangeanic Once Again Among the Best in the CSA Research Rankings
CSA Research is an independent market research firm that studies the growth and development of companies in the language and technology industry. All of these companies work towards their common goal of breaking down language barriers and speeding up publishing operations and language processing.
Pangeanic is among the world’s fastest-growing language technology and service providers
Pangeanic has always been dedicated to researching and developing technologies to improve the quality and efficiency of translation services, among others. This year, CSA Research has once again featured Pangeanic in its rankings. This time, Pangeanic ranked 24th on the list of language technology and service (langtech) companies with the strongest worldwide growth between 2019 and 2021. Pangeanic climbed to this position with an impressive average growth of 35.72% over the period in question. CSA Research first began publishing its annual report in 2005 and has done so ever since. These studies are conducted through global surveys carried out by a large number of companies in the industry, and several years of research are involved. This level of research depth is what enabled them to incorporate the ranking of the fastest-growing companies in technology and language services.
What is the secret to Pangeanic's success?
Pangeanic's international expansion has not gone unnoticed. We have grown at human, technological, and commercial levels thanks to our professional experience in this field. The ability to innovate and adapt to new trends and demands in the market is something we are constantly working on. This has led the team to increase efforts and investments in the development of artificial intelligence applications. The spotlight for Pangeanic is on natural language processing, the branch of AI that focuses on teaching machines to understand and produce human language. The creation of our ECO platform has played a key role in meeting customer needs for services such as machine translation, anonymization, data categorization, sentiment analysis, and much more. Clients can use the tool to translate documents and extract data from texts with no language barriers, as mentioned above.
What the future holds for Pangeanic
CSA Research's annual study does not use estimates but rather precise data provided and verified by the translation industry's companies and technology providers. Access to this data allows for concrete market reviews and the ability to estimate its growth by identifying the strongest market segments. In this ranking of the 30 fastest-growing companies between 2019 and 2021, Pangeanic takes the 24th position. We are committed to achieving even higher growth in the coming years, reaching double digits for the first time in 2022 (an average growth of more than 80% in 2022). Our annual participation in conferences, congresses, exhibitions, etc., has allowed us to keep up to date with the growth and development of the industry, as well as the various applications of artificial intelligence and technologies. This drives us to continue to develop, research, and provide the best-customized language solutions for our clients. At Pangeanic, we are proud to continue growing, putting all our efforts and investment into innovation and development to enable users and individuals to break down any language and communication barriers they may still encounter today.