How big is the Speech to Speech Translation Market?

The Speech to Speech Translation Market size is expected to reach USD 566.64 million in 2024 and grow at a CAGR of 10.09% to reach USD 916.33 million by 2029. Read More

What is the current Speech to Speech Translation Market size?

In 2024, the Speech to Speech Translation Market size is expected to reach USD 566.64 million. Read More

Who are the key players in Speech to Speech Translation Market?

Microsoft Corporation, Google Inc. (Alphabet Inc.), APALON (IAC Search & Media Technologies Limited), Cheetah Mobile Inc. and Triplingo Inc. are the major companies operating in the Speech to Speech Translation Market. Read More

Which is the fastest growing region in Speech to Speech Translation Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Speech to Speech Translation Market?

In 2024, the Europe accounts for the largest market share in Speech to Speech Translation Market. Read More

What years does this Speech to Speech Translation Market cover, and what was the market size in 2023?

In 2023, the Speech to Speech Translation Market size was estimated at USD 509.47 million. The report covers the Speech to Speech Translation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Speech to Speech Translation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Speech To Speech Translation Market Share

Statistics for the 2023 & 2024 Speech To Speech Translation market share, created by Mordor Intelligence™ Industry Reports. Speech To Speech Translation share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Speech To Speech Translation Industry

The market is considerably fragmented, with very few major players competing to gain market shares in the software segment of the market. The companies include 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.

December 2022 - Microsoft announced the launch of real-time voice translation in Skype, which can translate an individual's voice in real-time using Artificial Intelligence (AI) to create a translated voice sound similar to the original speaker.
October 2022 - Meta introduced a New AI-Powered Hokkien Speech Translation System. The first AI-powered translation system for Hokkien, a language that is predominantly spoken, was developed by Meta as part of its Universal Speech Translator (UST) project.