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, Forecast (2020 - 2025)

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
價格
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, Forecast (2020 - 2025)
出版日期: 2020年06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

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目錄
Product Code: 57213

The speech to speech translation market is expected to record a CAGR of 9.4% over the forecast period (2020-2025). The speech to speech (S2S) translation breaks down communication barriers among people who typically do not speak a common language. The basic purpose of using such technology at its inception stages was to enable an instant oral cross-lingual communication.

  • With globalization and frequent international travel, language difference has been acting as a serious barrier. With S2S, the expectations are to break such barriers to foster international business, international tourism, and equalize communication ability. As of 2020, Chinese (Mandarin) is gaining high popularity and demand around the world. Ethnologue further estimates that the number of native speakers is 1.2 billion, and a billion among them speak Mandarin. This suggests that Chinese (Mandarin) is the most spoken language globally and the second-most preferred language for online applications, after English.
  • The recent technological advances and innovations to increase computational power while building smaller and smaller devices with higher performance have led to a strong demand for information retrieving and communication-enabled technologies in the market. Further, as machine translation investments rise, the resultant is a more accurate translation.
  • Since the growth of the tourism industry is fueling the demand for speech to speech translation solutions, vendors, such as Raytheon, Lingmo, and LogBar Inc., in the market are actively positioning their products on similar lines. For instance, Raytheon BBN Technologies' TransTalk serves a portable, two-way translation device facilitating the exchange of information across language barriers. The speech is capable of automatic translation, and it is spoken back in the foreign language.

Key Market Trends

Software Segment to Witness Significantly High Growth Rate

  • Mobile and web applications that are capable of taking voice inputs in one language and generate voice outputs in another language are considered as a part of the study. The Karlsruhe Institute of Technology is using its software application in tourism, medical exchanges, and broadcast news. Speech logger is using its application in the communication markets, majorly in call centers. All these use cases are driving the software segment, with innovation in the speech to speech translation market.
  • Amazon is one of the key players offering speech to speech translation services, apart from Google and Microsoft. The company offers its services with its AWS Lambda function that connects with three AI language services, namely, Amazon Transcribe, Amazon Translate, and Amazon Polly. Moreover, Amazon Alexa provides voice translation services that can translate one way from English to another language, up to 48 languages.
  • According to a study conducted by One Hour Translation (OHT), an online translation platform, on major voice assistants capable of real-time voice translation, google assistant is one of the top-performing real-time voice translators ahead of other virtual assistants, such as Siri and Skype.

Asia-Pacific is Expected to Witness the Fastest Growth

  • After Europe, Asia-Pacific is the major attraction center for tourism, as countries, such as Thailand, Singapore, India, Malaysia, and China, attract a significant number of tourists annually. According to UNWTO, in 2018, the number of international tourist arrivals in Asia-Pacific was 347.7 million.
  • In addition, the region is one of the major markets for smartphones, in terms of volume, and with the advent of 5G, the number of devices is expected to increase even further. According to Ericsson, in 2019, the smartphone subscription rate in China alone reached 1,440 million, while that of Northeast Asia was at 1,820, and India, Nepal, and Bhutan together accounted for 670 million.
  • Apart from this, Asia-Pacific is one of the prominent markets for consumer electronics and software development, wherein various vendors are increasingly developing solutions for businesses. For instance, in August 2019, China's Baidu developed an API for speech to speech translation.

Competitive Landscape

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

  • January 2020 - Google planned to add a real-time transcription feature to its Google Translate app for Android in the coming years. The feature is expected to allow users to record audio in one language and have it extracted in another in real-time. This feature is still in the prototype stage, but the company gave a demonstration of the technology during the Artificial Intelligence Demos at its San Francisco office.
  • July 2019 - iFlytek, a Chinese artificial intelligence company specializing in speech recognition, successfully raised USD 407 million from a state-backed industry fund and several provincial government funds via a private placement. It plans to use this amount to improve technology in open platforms for smart speech, next-generation cognitive technology, and service robots.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Buyers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry

5 MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Expansion of S2S Technologies beyond B2C Applications
  • 5.2 Market Restraints
    • 5.2.1 Consumer Behavior and Failing Product Expectations

6 MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 Hardware
      • 6.1.1.1 Standalone
      • 6.1.1.2 Server-based
      • 6.1.1.3 Hybrid
    • 6.1.2 Software
  • 6.2 By Geography
    • 6.2.1 North America
    • 6.2.2 Europe
    • 6.2.3 Asia-Pacific
    • 6.2.4 Rest of the World

7 COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Microsoft Corporation
    • 7.1.2 Google Inc. (Alphabet Inc.)
    • 7.1.3 Cheetah Mobile Inc.
    • 7.1.4 APALON (IAC Search & Media Technologies Limited)
    • 7.1.5 Langogo
    • 7.1.6 Shenzhen Timekettle Technologies Ltd
    • 7.1.7 SSK Corporation
    • 7.1.8 Anhui USTC iFLYTEK Co.
    • 7.1.9 TripLingo LLC
    • 7.1.10 Travis
    • 7.1.11 Logbar Inc.
    • 7.1.12 Waverly Labs
    • 7.1.13 Lingmo International
    • 7.1.14 Mesay Technology Co. Ltd
    • 7.1.15 Jarvisen
    • 7.1.16 Sourcenext Corporation
    • 7.1.17 Shenzhen Buoth Industry Co. Ltd
    • 7.1.18 SpeechTrans Inc.
    • 7.1.19 ECTACO Inc.

8 INVESTMENT FUTURE

9 FUTURE OF THE MARKET