Market Overview:
The global speech to speech translation market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for speech recognition and translation software, growing number of tourists, and rising demand for real-time translation services. In addition, the increasing adoption of cloud-based solutions is also contributing to the growth of this market. However, lack of awareness about speech recognition technology and its applications may restrain the growth of this market during the forecast period.
Product Definition:
Speech to Speech Translation is the process of translating spoken words into another language in real time. This technology can be used for a variety of purposes, including international business meetings, interviews with refugees, or court proceedings. It is important because it allows people who do not share a common language to communicate effectively.
Software:
Software is the collection of tools and techniques for communication between computers and humans. It enables computer users to interact with the machine in a human-like manner. The software facilitates two way communication from a user to an application program and vice versa, which is used by both professionals as well as hobbyists across the globe.
Integrated System:
Integrated system is a combination of hardware and software that works together to process audio signals. It helps in the conversion of analog to digital form and further converts it into different formats such as WAV, AIFF, MP3, Ogg Vorbis etc. The integrated systems are used for speech to speech translation market mainly because these devices can be easily programmed with specific tasks or functions which are required by the user.
Application Insights:
The broadcast news segment dominated the global speech to speech translation market in terms of revenue share in 2017. The segment is expected to witness significant growth over the forecast period due to rising demand for fast and accurate RTT services from various industries such as media, telecom, and IT. Broadcast news includes radio, television, and online news portals where journalists cover a wide range of issues that require explaining or reporting. It also includes live coverage of political events such as elections and referendums where it is important to convey information quickly while maintaining journalistic integrity.
The travel application segment accounted for a considerable share in 2017 owing to growing tourism activities globally which has resulted in an increased number of international travelers requiring assistance with language barriers when traveling abroad or visiting new places within one¢â‚¬â„¢s own country.
Regional Analysis:
Europe dominated the global speech to speech translation market in terms of revenue share in 2016. The growth can be attributed to factors such as increasing investments by companies for developing innovative technologies and growing adoption of telecommunication services across the region. Europe is home to several international organizations such as EU, which conducts a large number of official meetings on a regular basis. Such high usage volume is expected to drive demand for efficient language solutions over the forecast period.
Asia Pacific regional market captured significant share in 2016 owing to rising government initiatives and increasing awareness about sign languages around the world, especially in India and China. In addition, growing penetration of ATMs across emerging economies will further propel growth prospects for this industry over the next eight years or so.
Growth Factors:
- Increasing demand for speech to speech translation in various industries such as healthcare, defense, and manufacturing is driving the growth of the market.
- The increasing use of smartphones and tablets is also propelling the growth of the market as these devices are equipped with advanced technologies that support speech to speech translation applications.
- The growing demand for cloud-based services is also contributing to the growth of this market as it offers cost-effective and efficient solutions for translating speeches into different languages.
- The increasing number of mergers and acquisitions among key players in this market is helping them expand their product offerings and strengthen their position in this market.
- Growing awareness about the benefits offered by speech to speech translation solutions among end users is fueling its adoption, which in turn is propelling the growth of this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Speech to Speech Translation Market Research Report
By Type
Software, Integrated System
By Application
Travel, Medical, Broadcast News, Other
By Companies
Microsoft, Google, APALON, Langogo, Shenzhen Timekettle Technologies.,Ltd, Baidu
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Speech to Speech Translation Market Report Segments:
The global Speech to Speech Translation market is segmented on the basis of:
Types
Software, Integrated System
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
Travel, Medical, Broadcast News, Other
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:
- Microsoft
- Google
- APALON
- Langogo
- Shenzhen Timekettle Technologies.,Ltd
- Baidu
Highlights of The Speech to Speech Translation 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:
- Software
- Integrated System
- By Application:
- Travel
- Medical
- Broadcast News
- Other
- 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 Speech to Speech Translation 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
- Channel & Customer Management
- 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?
Speech to speech translation is the process of converting spoken language into another form, such as text or a machine readable format. This can be done by either using a human translator or by using software that can automatically translate speech.
Some of the major companies in the speech to speech translation market are Microsoft, Google, APALON, Langogo, Shenzhen Timekettle Technologies.,Ltd, Baidu.
The speech to speech translation market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Speech to Speech Translation 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 Speech to Speech Translation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Speech to Speech Translation 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 Speech to Speech Translation 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 Speech to Speech Translation Market Size & Forecast, 2018-2028
4.5.1 Speech to Speech Translation Market Size and Y-o-Y Growth
4.5.2 Speech to Speech Translation Market Absolute $ Opportunity
Chapter 5 Global Speech to Speech Translation 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 Speech to Speech Translation Market Size Forecast by Type
5.2.1 Software
5.2.2 Integrated System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Speech to Speech Translation 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 Speech to Speech Translation Market Size Forecast by Applications
6.2.1 Travel
6.2.2 Medical
6.2.3 Broadcast News
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Speech to Speech Translation 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 Speech to Speech Translation 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 Speech to Speech Translation Analysis and Forecast
9.1 Introduction
9.2 North America Speech to Speech Translation 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 Speech to Speech Translation Market Size Forecast by Type
9.6.1 Software
9.6.2 Integrated System
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 Speech to Speech Translation Market Size Forecast by Applications
9.10.1 Travel
9.10.2 Medical
9.10.3 Broadcast News
9.10.4 Other
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 Speech to Speech Translation Analysis and Forecast
10.1 Introduction
10.2 Europe Speech to Speech Translation 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 Speech to Speech Translation Market Size Forecast by Type
10.6.1 Software
10.6.2 Integrated System
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 Speech to Speech Translation Market Size Forecast by Applications
10.10.1 Travel
10.10.2 Medical
10.10.3 Broadcast News
10.10.4 Other
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 Speech to Speech Translation Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Speech to Speech Translation 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 Speech to Speech Translation Market Size Forecast by Type
11.6.1 Software
11.6.2 Integrated System
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 Speech to Speech Translation Market Size Forecast by Applications
11.10.1 Travel
11.10.2 Medical
11.10.3 Broadcast News
11.10.4 Other
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 Speech to Speech Translation Analysis and Forecast
12.1 Introduction
12.2 Latin America Speech to Speech Translation 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 Speech to Speech Translation Market Size Forecast by Type
12.6.1 Software
12.6.2 Integrated System
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 Speech to Speech Translation Market Size Forecast by Applications
12.10.1 Travel
12.10.2 Medical
12.10.3 Broadcast News
12.10.4 Other
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) Speech to Speech Translation Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Speech to Speech Translation 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) Speech to Speech Translation Market Size Forecast by Type
13.6.1 Software
13.6.2 Integrated System
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) Speech to Speech Translation Market Size Forecast by Applications
13.10.1 Travel
13.10.2 Medical
13.10.3 Broadcast News
13.10.4 Other
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 Speech to Speech Translation Market: Competitive Dashboard
14.2 Global Speech to Speech Translation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Microsoft
14.3.2 Google
14.3.3 APALON
14.3.4 Langogo
14.3.5 Shenzhen Timekettle Technologies.,Ltd
14.3.6 Baidu
