What does localization mean?

As a technological term, localization primarily means the process of producing hardware, software, and other related techno-products and services in a particular geographical area of a country.

This process of localization of a particular industrial segment takes place was a given period subject to availability of raw materials, service personnel, availability or ready manpower of technocrats and software developers. 

Features of Technology-aided Localization:

• Region or area-specific concentration of technological companies producing identical or same nature of products like software or computer chips.
• Process of Localization shows the feature of adapting production of a service or tech-related items or in other words, an area-centric feature of the production of goods or services of an identical product or service.
• Another feature is that localization brings companies producing identical or nearly the same product or services to a particular place from different other places.

Functions of Localization:

• Specializing in a particular technological or IT-related field
• Making all services concerning a particular tech-sector or IT field in a single place
• Sourcing all primary and secondary services to buyers and importers  

Top Benefits and Pros of Technological Localization:

• It expedites the process of Foreign Direct Investment in a country, which is also called Foreign Direct Investment.
• It can finally be developed as a Special Economic Zone related to a particular field of tech or IT-related production
• It can bring highly experts in IT and related tech-fields in a particular city or area

Utilities of Technological Localization:

• Facilitate industrialization in a given area
• Facilitate urbanization in a particular area
• Help a place emerge as a centre of technology within the country and globally

Conclusion:

The hardware or software localization can offer a tremendous boost to a local area transforming its very economy. A well-managed area where localization of anything pertaining to technology be it software or hardware or any other area of production of tech-related goods or services can boost exports.