PUBLISHER: TechNavio | PRODUCT CODE: 1395212
PUBLISHER: TechNavio | PRODUCT CODE: 1395212
The software localization market is forecasted to grow by USD 2.33 bn during 2023-2028, accelerating at a CAGR of 7.51% during the forecast period. The report on the software localization market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by digital transformation and software adoption in businesses, globalization of businesses, and technology adoption to enhance language translation process efficiency.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 7.15% |
CAGR | 7.51% |
Incremental Value | $2.33bn |
Technavio's software localization market is segmented as below:
By End-user
By Component
By Geographical Landscape
This study identifies the leveraging artificial intelligence (AI) for enhanced translation and localization as one of the prime reasons driving the software localization market growth during the next few years. Also, increasing adoption of cloud-based localization platforms and growing adopting continuous localization for agile software development will lead to sizable demand in the market.
The report on the software localization market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading software localization market vendors that include Adobe Inc., Alchemy Software Development Ltd., Alconost Inc., Alphabet Inc., ARGOS TRANSLATIONS Sp. z o.o., Babylon Software Ltd., Code Icons, Code Whale Inc., GTranslate Inc., International Business Machines Corp., Lingobit Technologies, Lionbridge Technologies LLC, memoQ, Microsoft Corp., RWS Holdings PLC, Salesforce Inc., SAP SE, Smartcat Platform Inc. , SYSTRAN SA, Transifex , MateCat, Memsource AS, and Smartling Inc.. Also, the software localization market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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