PUBLISHER: TechNavio | PRODUCT CODE: 1748586
PUBLISHER: TechNavio | PRODUCT CODE: 1748586
The software localization market is forecasted to grow by USD 2,686 mn during 2024-2029, accelerating at a CAGR of 8% 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 | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 7.4% |
CAGR | 8% |
Incremental Value | $2686 mn |
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's software localization market is segmented as below:
By End-user
By Component
By Type
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., International Business Machines Corp., Lionbridge Technologies LLC, MateCat, MemoQ Translation Technologies Ltd., Memsource AS, Microsoft Corp., RWS Holdings PLC, Salesforce Inc., SAP SE, Smartcat Platform Inc., Smartling Inc., SYSTRAN SA, and Transifex. 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 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 primary and secondary research. 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 accurate market growth.
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