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

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PUNE, India, Dec. 17, 2020 /PRNewswire＝KYODO JBN/

    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