Summary
The global Game Localization Services Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
Video game localization is the translation of video games into a variety of languages so that they can be sold in that country or region. It is a complex process involving the translation of the text, audio, and graphics from a foreign language to a targeted English language, which is then passed on to a second party who will sell it to retailers or customers. This entire process requires knowledge of the targeted language, a high level of English communication skills, and a great deal of time and patience. The global game localization services market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Market Drivers
Growing internet penetration in both developed and emerging economies is expected to drive growth of the global game localization services market during the forecast period. According to the Our World in Data, the number of internet users increased from 413 million in 2000 to over 3.4 billion in 2016. According to the World Bank, the number of internet users in India increased from 7.5% of the population in 2010 to 29.55% of the population in 2017. Rising internet penetration has increased participation in online video gaming, which in turn, has increased the demand for game localization. Hence, such factors are expected to drive growth of the global game localization services market during the forecast period. Furthermore, the emergence of cloud gaming is expected to propel the global game localization services market growth over the forecast period.
Market Restraint
Concerns regarding piracy and fraud during gaming transactions are expected to restrain growth of the global game localization services market during the forecast period.
Regional Insights
Among regions, Asia Pacific is expected to witness significant growth in the global game localization services market during the forecast period. This is owing to the rise in the digital ecosystem in China, South Korea, and Japan. Furthermore, North America is expected to register a robust growth rate over the forecast period, owing to the emergence of 5G and VR-based gaming in the region.
Competitive Section
Major companies involved in the global game localization services market are ABBYY, JBI Studios, Aspena, Andovar, DYS Translations, Day Translations, Game Localization Network, Level Up Translation, and All Correct Group.
For instance, in May 2020, Andovar, a translation and localization enterprise, inaugurated its new Localization Engineering Office in Mumbai, India.
The Game Localization Services Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Game Localization Services Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- ABBYY
- Localize Direct
- AD VERBUM
- Alconost
- All Correct Group
- Andovar
- Aspena
- Day Translations
- DYS Translations
- Game Localization Network
- Keywords Studios
- Level Up Translation
- JBI Studios
- Morningside Translations
- Pangea Translation Services
By the Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
- Individual
- Enterprise
- Others
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Game Localization Services Market Report:
- To assess the size of the market by value and volume
- Analyze the Game Localization Services Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Game Localization Services Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of-the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Game Localization Services Market
The Game Localization Services Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Game Localization Services Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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