|By Business Wire||
|August 14, 2014 05:33 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/tdcgzx/global_sts) has announced the addition of the "Global STS Translation Market 2014-2018" report to their offering.
The Global STS Translation market will grow at a CAGR of 19.11% to 2018
The demand for STS translation solutions is increasing because of the popularity of mobile devices and consistent network connectivity. Service providers offer applications that allow voice-based access to a cell phone, enabling the use of speech to access mobile device-based or network dependent features, applications, and services. This enhances customer experience and can be implemented for any application.
According to the report, one of the major drivers is the presence of a diverse workforce within companies. Globalization has resulted in MNCs operating from various countries to gain cost and competitive advantage. As a result, there is a high demand for speech translation.
Further, the report states that the inability to suppress variations in the performance of the systems is a challenge for the vendors and the market at large. Speech recognition is hindered because of speaker-dependent variations such as dialects, accent, intonation, and noise disturbance, and hence the output is distorted.
The Global STS Translation market can be divided into three segments:
- Speech Recognition
- Speech Translation
- Speech Synthesis
- AT&T Inc.
- IBM Corp.
- SpeechTrans Inc.
- Voxtec International Inc.
Other Prominent Vendors
- Apple Inc.
- ECTACO Inc.
- Google Inc.
- Microsoft Corp.
- Raytheon BBN Technologies
- Sakhr Software Co.
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/tdcgzx/global_sts
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