There are 1 Companies in Latvia
that provide Transcription Services!

With a population of almost 2 million, Latvia has been qualified as a high-income country by the World Bank. It had come a long way since the year 1991, far from the shadow of the Soviet Union, to create a place for itself in global affairs – economic, political, cultural, or academic. 

Many people identify Latvia as a country with one of the fastest internet speeds in the world, more than the United Kingdom or France, even! However, the high-tech atmosphere in Latvia is much broader and exciting than that. In a short period of time, Latvia has managed to build a ground for the development of ecosystems that support the growth of high-tech and deep-tech industries and infrastructures.

Why You Should Work With Latvian IT Companies

Like the country itself, Latvian IT companies are in a continuous transformation and develop their capabilities at high speed. Organizing fairs and events, working with international companies, and exporting their services to almost all European countries, Latvian IT companies managed to increase their competitiveness and number of clients by more than 70% in 2019, compared to the previous year. In 2025, the rate of competitiveness continues to grow, with a predicted IT services market to be $292.33 million by 2025.

The Central Statistical Bureau suggests that in 2024, the worth of Latvia’s exports is 18.68 billion euros. According to another statistic, the Global Innovation Index 2024, Latvia ranks at 42 in the world. Just to mention, in 2015, the same index placed Latvia in the 81st position. 

What to Be Aware of When Working With Latvian IT Companies

There are not too many things that are challenging for Latvian IT companies, and probably, like in all three Baltic countries, Latvia faces the same problem - limited human resources. Out of 2 million people in Latvia, 4.5% are enrolled in the IT industry. And even if the country tries to stimulate the numbers to grow, everything moves a bit slowly, like in Estonia, for example.  

Are Latvian Companies Reliable?

The Latvian business traditions find their roots back in the former Soviet Union, and while it bordered the Nordic countries, the Latvian society followed practices and business culture from both sides. Now, Latvian companies, including those in the IT industry, enjoy a high level of reliability and trust, including but not limited to on-time delivered projects, well-executed digital services, good project management, and, why not, linguistic capabilities of the locals. 

How Does Latvia Perform Compared to Its Neighboring Countries In Terms of IT?

Together with Estonia and Lithuania, Latvia is a part of the Baltic IT hub - probably one of the most progressive in Europe. The well-developed IT infrastructure is interconnected with the other two countries, and many companies provide services in the entire Baltic region.  It is something specific for the region, where three countries collaborate tightly based on the understanding that together they are stronger. 

Taking Latvia apart from those two countries, we could say that its IT industry does not differ from its neighboring countries, and probably is at a slightly lower level than Estonia’s tech scene, since the last one has been through many digital transformations lately.

Transcription

Transcription is the process of transforming audio or video recordings into text. 

Transcription is an age-old process. The first transcripts are believed to have been found in 3400 BC. in Egypt and the term "transcription" was first used in the English language in 1598.

Transcription can be done manually by a human transcriber or more recently using speech recognition software.

Transcription services are used in a variety of industries, including legal, medical, education, and business.  The most popular items within transcription services are business meetings, lectures, and interviews.  Transcription services are used by brands and companies looking to improve their content strategy and grow their audience. 

In this connection let's point out why else transcription is important:

• Save time by converting audio or video recordings into text that can be easily searched and referenced.
• Improve accuracy by providing a written record of what is being said.
• Make information accessible to people with disabilities.
• Facilitate communication between people who speak different languages.
• Improve SEO for multimedia content by making it more searchable.

The question is what is important to take into account when choosing a Transcription Company.

Let’s see together:

1. Read reviews
2. Check the costs
3. See the accuracy rate of transcription, it should be at least 99%
4. Speed is important, they should be able to deliver transcripts in a timely manner.
5. Make sure they have a good reputation for customer service.

Following all these steps you will manage to choose the right Transcription Company.

At the same time, we invite you to make a search on Techbehemoths using powerful filters, that we have created (on location, other services reviews, costs, portfolio, and profile score) for the perfect company match.

There are more than 80 Transcription Companies on TechBehemoths Platform. Explore their detailed profiles and feel free to get in touch with them.

Also, you have the option to submit your project, and our team will select and send you the best matching companies in about 1 hour. The best thing is that it’s free of charge and you have no obligation to hire any of these companies. Try now and find your perfect match!