Market Overview:
The global localization software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for translation and localization services from businesses across the globe, owing to the globalization of businesses. In addition, the growing demand for multilingual content among consumers is also fueling the growth of this market. The global localization software market can be segmented on the basis of type into computer-assisted translation software, machine translation software, and translation management software. Of these, computer-assisted translation software held a major share of this market in 2017 and is expected to continue its dominance during the forecast period as well. This segment is projected to grow at a CAGR of 8% during 2018-2030 due its ability to improve translations accuracy with help from advanced technologies such as artificial intelligence (AI) and machine learning (ML). On basis application , large enterprises accounted for majority share in 2017 . However SMEs are projected witness highest CAGR over next 10 years owing rising trend adoption by small & medium business globally .Regionally North America commanded largest revenue share followed by Europe in 2017 .
Product Definition:
Localization software is used to adapt software for a particular region or language. It can include translating text, adapting formatting for different character sets, and adjusting dialogues and other features to reflect cultural differences. Localization software is important because it helps ensure that people around the world can use the same software in their own language.
Computer-Assisted Translation Software:
Computer-assisted translation (CAT) is a process of converting the content from one language to another, where the computer helps the human translators by selecting appropriate words or phrases from source language and offering them for conversion. The selection of suitable words/phrases is based on rules that are established before hand. CAT software has several advantages over traditional methods of translating including accuracy, speed, and cost effectiveness among others.
Machine Translation Software:
Machine translation software is used to translate the content of a computer-based language into another language. The machine translates the content by executing an algorithm that is specific to each product. It can be used for both online and offline purposes; however, it has gained more prominence in its usage for offline purposes due to higher accuracy levels as compared to other methods of translation.
The global market size was valued at USD 1,22,859 in 2015.
Application Insights:
The large enterprises segment accounted for the largest market share in 2017. The segment is driven by factors such as increasing number of MNCs operating globally, need to localize websites, product manuals and other content for different regional languages and markets and growing importance of localization in developing software applications.
SMEs are expected to be the fastest-growing application segment over the forecast period owing to increased penetration of online channels, growth in e-commerce activities coupled with a rising number of SMEs globally. The need for translation tools that cater to the specific needs of small businesses is also driving demand from this sector. Moreover, many SMEs have started using machine translation software owing to low budget requirements which further drives adoption among smaller organizations or start-ups without an IT team.
Regional Analysis:
The Asia Pacific regional market accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing outsourcing activities by enterprises based in developed economies of Europe and North America. In addition, rising investments by companies offering localization software solutions will drive demand further. For instance, in September 2018, Google LLC acquired translation technology provider Crowdin Inc., Tokyo-based company announced about this acquisition at SMTUG meeting held on 16th September 2018 in San Francisco, U.
The Latin American regional market is anticipated to register significant growth over the forecast period owing to increasing focus of enterprises on cost reduction strategies within their organizations as well as with third parties during global expansion efforts.
Growth Factors:
- Increasing demand for globalization and localization of products to cater to a global audience
- Rising number of businesses expanding their reach to international markets
- Growing number of translation and localization service providers
- Proliferation of multilingual content on the web
- Increased demand for mobile apps and software in multiple languages
Scope Of The Report
Report Attributes
Report Details
Report Title
Localization Software Market Research Report
By Type
Computer-Assisted Translation Software, Machine Translation Software, Translation Management Software
By Application
Large Enterprises, SMEs
By Companies
Gtranslator, Crowdin, GlobalSight, Localize, Lokalise, MateCat, memoQ, Memsource, Phrase, POEditor, SDL Trados Studio, Smartcat, Smartling, Transifex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Localization Software Market Report Segments:
The global Localization Software market is segmented on the basis of:
Types
Computer-Assisted Translation Software, Machine Translation Software, Translation Management Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Gtranslator
- Crowdin
- GlobalSight
- Localize
- Lokalise
- MateCat
- memoQ
- Memsource
- Phrase
- POEditor
- SDL Trados Studio
- Smartcat
- Smartling
- Transifex
Highlights of The Localization Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Computer-Assisted Translation Software
- Machine Translation Software
- Translation Management Software
- By Application:
- Large Enterprises
- SMEs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Localization Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Localization software is a type of software that helps translate text from one language to another. It can also help localize an application for different countries or regions.
Some of the major players in the localization software market are Gtranslator, Crowdin, GlobalSight, Localize, Lokalise, MateCat, memoQ, Memsource, Phrase, POEditor, SDL Trados Studio, Smartcat, Smartling, Transifex.
The localization software market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Localization Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Localization Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Localization Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Localization Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Localization Software Market Size & Forecast, 2018-2028
4.5.1 Localization Software Market Size and Y-o-Y Growth
4.5.2 Localization Software Market Absolute $ Opportunity
Chapter 5 Global Localization Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Localization Software Market Size Forecast by Type
5.2.1 Computer-Assisted Translation Software
5.2.2 Machine Translation Software
5.2.3 Translation Management Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Localization Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Localization Software Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Localization Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Localization Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Localization Software Analysis and Forecast
9.1 Introduction
9.2 North America Localization Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Localization Software Market Size Forecast by Type
9.6.1 Computer-Assisted Translation Software
9.6.2 Machine Translation Software
9.6.3 Translation Management Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Localization Software Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Localization Software Analysis and Forecast
10.1 Introduction
10.2 Europe Localization Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Localization Software Market Size Forecast by Type
10.6.1 Computer-Assisted Translation Software
10.6.2 Machine Translation Software
10.6.3 Translation Management Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Localization Software Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Localization Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Localization Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Localization Software Market Size Forecast by Type
11.6.1 Computer-Assisted Translation Software
11.6.2 Machine Translation Software
11.6.3 Translation Management Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Localization Software Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Localization Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Localization Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Localization Software Market Size Forecast by Type
12.6.1 Computer-Assisted Translation Software
12.6.2 Machine Translation Software
12.6.3 Translation Management Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Localization Software Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Localization Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Localization Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Localization Software Market Size Forecast by Type
13.6.1 Computer-Assisted Translation Software
13.6.2 Machine Translation Software
13.6.3 Translation Management Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Localization Software Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Localization Software Market: Competitive Dashboard
14.2 Global Localization Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gtranslator
14.3.2 Crowdin
14.3.3 GlobalSight
14.3.4 Localize
14.3.5 Lokalise
14.3.6 MateCat
14.3.7 memoQ
14.3.8 Memsource
14.3.9 Phrase
14.3.10 POEditor
14.3.11 SDL Trados Studio
14.3.12 Smartcat
14.3.13 Smartling
14.3.14 Transifex
