Speech to Speech Translation Market Potential, Applications, Opportunities, Trends, Competitive and Investment Analysis
Speech to Speech solutions are now in demand globally by many multinational and local institutes. Tourism, education and medical segments are the primary market for this technology.
Dallas, United States – June 21, 2017 /MarketersMedia/ —
Speech to speech translation system recognizes the user’s voice and produces a translated response with respect to the input. This enables users to communicate with people of different language origins. With global connectivity the distance barrier has been dramatically reduced. However language is now standing as one of the major roadblock.
Organizations are now looking for translation solutions so address the language barrier. With introduction of bots the technology is seeing many advancements. Microsoft is currently leading this space with the introduction of translate bot on Skype.
The technology has massive potential globally. With its use companies can achieve increased productivity and help bridge the language gap. Google and Facebook are expected to look into this technology to utilize its massive potential. Though in early stages many soft wares and apps are already available in the market.
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The study, besides estimating the ‘Speech to Speech Translation’ market potential till 2025, analyzes on who can be the market leaders and what partnerships would help them to capture the market share. The report gives an overview about the dynamics of the market, by discussing various aspects such as drivers, restraints, Porter’s 5 forces, value chain, customer acceptance and investment scenario.
The study in brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized. It approximates the time for innovation, in order for the industry to maintain a stable growth over a sustained period. The report also details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Table of Contents:
1. Introduction
2. Scope of the Study
3. Research Methodology
4. Executive Summary
5. Market Overview
6. Market Dynamics
7. Market Potential – Size, Forecast, Trends & Opportunities (2016 – 2021)
8. Competitive Landscape
9. Conclusion
Read more details of the report at Speech to Speech Translation Market
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Release ID: 209931
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