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Thursday, December 17 2020 - 10:00
AsiaNet
Global Software Localization Tools Market was Valued at US$ 1007.07 Mn in 2019 Growing at a CAGR of 4.10% Over the Forecast Period - says Absolute Markets Insights
PUNE, India, Dec. 17, 2020 /PRNewswire-AsiaNet/

    The COVID-19 pandemic is expected to positively impact the global software 
localization tools market. [ 
https://www.absolutemarketsinsights.com/reports/Software-Localization-Tools-2020-2028-754] 
Software localization tools help the end-users to reach a wider range of 
audience by providing the software in the local language. This is highly 
beneficial in regions such as the Baltic countries, Finland, South America, 
etc., where the familiarity with English is considerably lower. The pandemic 
has forced businesses to widen their reach by exploring new markets

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    - Cloud-based location tools are expected to show the highest growth during 
the forecast years in the global software localization tools market. The 
attractive subscription packages by the end-users which do not hamper the 
budgets of both large as well as small and medium enterprises is expected to 
fuel this growth. Furthermore, the end-users needn't have dedicated IT systems 
for deploying these tools, which in turn allows them to make considerable 
savings in terms of IT investments. Lokalise, for instance, is a cloud-based 
software localization tool that is available for a monthly sum of US$ 90 for 
the SMEs. Companies such as Daimler, BASF, Revolut, etc., are part of their 
clientele. 

    - The APAC region is expected to show the highest growth in revenue till 
2028 in the global software localization tools market. The higher focus on 
local translation in Japan and China is expected to be a major reason for the 
higher growth of the APAC region. Japan is also increasingly focusing on remote 
working teams, and greater degree of integration between the team members can 
be achieved through the localization of software, thus driving its growth.

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    - Some of the players operating in the software localization tools market 
are Alconost Inc., Atril Solutions., Code Whale Inc., Crowdin, CSOFT 
International, Ltd., Lingobit Technologies, lingohub GmbH, Localize 
Corporation., Lokalise, Lokalise, Palex Group Inc., Phrase – Dynport GmbH, 
Plunet, Rex Partners Oy., SDL Group, SMARTLING., Transifex, Venga Global, 
Wordfast, LLC, amongst others.

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    Source: Absolute Markets Insights
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