市場調查報告書

語音翻譯的全球市場:成長,趨勢,及預測(2019年∼2024年)

Speech to Speech Translation Market - Growth, Trends, and Forecast (2019 - 2024)

出版商 Mordor Intelligence LLP 商品編碼 911991
出版日期 內容資訊 英文 120 Pages
商品交期: 2-3個工作天內
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語音翻譯的全球市場:成長,趨勢,及預測(2019年∼2024年) Speech to Speech Translation Market - Growth, Trends, and Forecast (2019 - 2024)
出版日期: 2019年09月01日內容資訊: 英文 120 Pages
簡介

全球語音翻譯市場在2019年∼2024年間,預測將以20.19%的年複合成長率成長。

本報告提供全球語音翻譯市場的相關調查,市場機會和趨勢,成長及阻礙因素,各地類型、用途、區的市場分析,競爭情形,主要企業的簡介等資訊。

目錄

第1章 簡介

  • 調查範圍
  • 主要的調查成果
  • 調查的前提條件

第2章 調查方法

第3章 摘要整理

第4章 市場動態

  • 市場概況
  • 市場成長要素的簡介
  • 成長要素
  • 阻礙因素
  • 產業的魅力:波特的五力分析
    • 供應商談判力
    • 買主談判力
    • 新加入廠商的威脅
    • 替代產品的威脅
    • 產業內的競爭

第5章 市場區隔

  • 各類型
    • 硬體設備
    • 軟體
  • 各用途
    • 旅遊
    • 醫療保健
    • 教育
    • 其他
  • 各地區
    • 北美
    • 歐洲
    • 亞太地區
    • 南美
    • 中東、非洲

第6章 競爭情形

  • 企業簡介
    • Microsoft Corporation
    • Google Inc. (Alphabet Inc.)
    • APALON (IAC Search & Media Technologies Limited.)
    • Langogo
    • Shenzhen Timekettle Technologies.,Ltd
    • SSK Corporation
    • iTranslate
    • Keda Xunfei Co.
    • TripLingo, LLC.
    • Lingotek Inc.

第7章 投資的未來

第8章 市場機會及今後趨勢

目錄
Product Code: 57213

Market Overview

The speech to speech translation market is recording a CAGR of 20.19%, over the forecast period 2019 - 2024. Growth of the global tourism industry is influencing the demand for speech to speech translation devices and software market positively. Medical tourism and healthcare industry are also driving the market, along with education and globalization. The global reach of the various industries is increasing, irrespective of geographical boundaries; geographically places are differentiated via the different language they speak which poses a barrier for businesses to handle operations locally. This is being solved by either speech to speech translation devices or applications.

  • The global tourism industry is growing significantly owing to the increasing trend of traveling by Millenials. According to the World Travel & Tourism Council, the industry contributed USD 8.8 trillion to the global economy in 2018, which equates to 10.4% of global GDP.
  • The tourism industry grew by 3.9% during fiscal 2018 and employs more than 319 million people across the world, according to World Travel & Tourism Council.
  • The growth of the tourism industry is fueling the demand for speech to speech translation, as more and more people travel to different locations, and the need for interpretation arises. According to worldatlas the most visited continent is Europe; however, the European Union consisting of 28 member countries where 24 different languages are spoken.
  • The growth of economic globalization is another factor influencing the demand, owing to which the businesses are breaking geographical boundaries and facing the hurdle of language to operate in various countries.

Scope of the Report

The need for speech to speech translation is becoming vital not just for tourists but also for business negotiations owing to the boom of globalization and the geographical spread of business entities. The report segments the translators based on hardware and software; hardware includes the software provided by the manufacturer, few device manufacturers use Google dictionaries. The software includes the applications which can be installed on devices providing the same services.

Key Market Trends

Global Tourism Industry is Expected to Drive the Market

  • According to WTTC, the global tourism industry's total contribution of USD 8.8 trillion to the global economy can be broadly differentiated as business and leisure traveling and respectively they held 21.5% and 78.5%. The requirement for speech to speech translator is becoming vital owing to this, especially in business traveling.
  • Travel retail industry is growing as well which provides opportunities for speech to speech translators market to grow. According to TFWA, Europe held 28.9% of the global travel retail industry during fiscal 2018. This is expected to drive the demand for speech to speech translators.
  • According to UNWTO data, the total international tourist arrivals stood at 1.40 billion, out of which Europe alone observed 713 million international tourists. The growth in the number of international tourists is expected to drive the market.
  • According to WTTC, the tourism industry is expected to contribute USD 13.08 trillion to global GDP by 2029. The growth of the tourism industry positively influences speech to speech translators market.

Asia-Pacific Region is Expected to Hold the Significant Share of the Market

  • The growing tourism industry in countries such as China, India, Indonesia, Singapore, Thailand, and many more is contributing to the demand for speech to speech translation. According to WTTC, the Asia-Pacific region was the major contributor to global tourism; the region contributed USD 2.9 trillion during fiscal 2018 and employes 179.6 million people.
  • The region also holds a significant share of travel retail. According to TFWA, the region held 44.5% of the global travel retail industry. This is expected to drive the demand for speech to speech translation to provide ease of communication with the local vendors.
  • Medical tourism is another field which is attracting tourists in the region. According to IBEF, Indian medical tourism market is growing at a rate of 22-25% and is forecasted to reach USD 9 billion by 2020. This is expected to drive the demand for speech to speech translation solutions in the region.

Competitive Landscape

The market is considerably fragmented with very few major players, the software segment of the market is where major players are competing to gain market share. The companies are including AI and machine learning to enhance their offerings, major companies include Microsoft Corporation, Google (Alphabet Inc.), APALON (IAC Search & Media Technologies Limited.), Langogo, Shenzhen Timekettle Technologies.,Ltd, and many more.

  • May 2019 - Google recently announced its direct speech to speech system called "Translatotron". The application is based on a sequence to sequence network which takes source spectrograms.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support

Table of Contents

1 INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Key Study Deliverables
  • 1.3 Study Assumptions

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Introduction to Market Drivers
  • 4.3 Market Drivers
    • 4.3.1 Growing Tourism Industry
    • 4.3.2 Globalization and Spread of Businesses on Global Scale
  • 4.4 Market Restraints
    • 4.4.1 Lack of Accuracy
  • 4.5 Industry Attractiveness - Porter's Five Force Analysis
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Hardware
    • 5.1.2 Software
  • 5.2 By Application
    • 5.2.1 Tourism
    • 5.2.2 Healthcare
    • 5.2.3 Education
    • 5.2.4 Other Applications
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.2 Europe
    • 5.3.3 Asia-Pacific
    • 5.3.4 Latin America
    • 5.3.5 Middle East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Microsoft Corporation
    • 6.1.2 Google Inc. (Alphabet Inc.)
    • 6.1.3 APALON (IAC Search & Media Technologies Limited.)
    • 6.1.4 Langogo
    • 6.1.5 Shenzhen Timekettle Technologies.,Ltd
    • 6.1.6 SSK Corporation
    • 6.1.7 iTranslate
    • 6.1.8 Keda Xunfei Co.
    • 6.1.9 TripLingo, LLC.
    • 6.1.10 Lingotek Inc.

7 INVESTMENT FUTURE

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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