You are currently viewing Latin America Speech-to-Speech Translation Market Share is being Propelled During 2023-2028 by Seamless Integration of Cloud-Based Services

Latin America Speech-to-Speech Translation Market Share is being Propelled During 2023-2028 by Seamless Integration of Cloud-Based Services

El nuevo estudio de Informes de Expertos titulado ‘Mercado de Traducción de Voz a Voz en América Latina, Informe y Pronóstico 2023-2028′, ofrece una amplia revisión de los factores que reflejan positivamente el panorama del mercado y explora los factores en términos de tipo y las regiones clave. El informe también estudia las restricciones y los retos del mercado, basándose en los modelos de las cinco fuerzas de Porter, junto con un análisis FODA. Asimismo, se evalúa el mercado en sobre la base de las tendencias pasadas y futuras y su influencia posterior en el algoritmo. El estudio incluye una investigación exhaustiva, que abarca indicadores de precios y agentes del mercado, ilustrando las repercusiones en la dinámica y las perspectivas del mercado.

The new report by Informes de Expertos titled, ‘Latin America Speech-to-Speech Translation Market 2023-2028’ , provides a broad review of the factors that reflect positively on the market landscape and explores the factors in terms of type and key regions. The report also examines market constraints and challenges, based on Porter’s five forces models, along with a SWOT analysis. Furthermore, the market is assessed on the basis of past and future trends and their subsequent influence on the algorithm. The study includes extensive research, covering price indicators and market players, illustrating the impact on market dynamics and prospects.

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Los aspectos más destacados del informe son:

Visión General del Mercado (2018-2028)

• CAGR del Periodo de Pronóstico (2023-2028): 10,45%

El mercado de traducción de voz a voz en América Latina está ganando popularidad con el aumento de los viajes y el turismo y el creciente número de hablantes no nativos. América Latina es un destino turístico muy popular, y el creciente número de turistas en la región ha provocado una mayor demanda de servicios de traducción para salvar la barrera del idioma. Asimismo, el número de hablantes no nativos en América Latina está aumentando, lo que conlleva una mayor demanda de servicios de traducción para facilitar la comunicación dentro de la región. Además, los avances tecnológicos han hecho que la traducción de voz a voz sea más accesible y asequible, aumentando su adopción en Latinoamérica.

Los gobiernos de América Latina están aplicando políticas para aumentar el dominio de idiomas y la comunicación, lo que ha provocado un aumento de la demanda de servicios de traducción de voz a voz. A su vez, la creciente penetración de los dispositivos móviles y el acceso a Internet en América Latina ha propiciado el crecimiento del mercado de la traducción de voz a voz, ya que permite a más personas acceder a servicios de traducción sobre la marcha. Además, la creciente concienciación sobre los beneficios de los servicios de traducción de voz a voz en Latinoamérica está impulsando la demanda de estos servicios. A ello contribuye el valor que alcanzó el mercado en 2022, que fue de USD 39 millones.

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Industry Definition and Major Segments

Speech-to-speech translation, also known as speech recognition and machine translation, is a technology that allows a person to speak in one language and have their words translated and spoken in another language in real-time. It is typically achieved through a combination of speech recognition software and machine translation technology.

On the basis of types, the market is bifurcated into:

  • Hardware
    • Standalone
    • Hybrid
    • Server-based
  • Software

Key regions covered include:

• Brazil
• Argentina
• Mexico
• Others

Market Trends

Artificial Intelligence (AI) and Machine Learning (ML) are being increasingly used to improve the accuracy and speed of speech-to-speech translation in Latin America. These technologies allow for real-time and accurate translations, which is particularly useful in business and tourism settings. The increasing use of mobile devices in Latin America has led to a growing trend of integrating speech-to-speech translation services into mobile apps. This makes it more convenient for users to access translation services on the go.

Virtual and augmented reality technology are being integrated with speech-to-speech translation services to create more immersive and interactive experiences for users. Whereas cloud-based services also play a vital role in enhancing the translation as they are more cost-effective and provide easy access to translation services from anywhere. Companies in the speech-to-speech translation market are focusing on providing language-specific services in Latin America to cater to the diverse linguistic population in the region.

Key Market Players

The major players in the market are:

• Microsoft (Azure)
• Google LLC
• IBM (MASTOR & Watson)
• VERBMOBIL
• NESPOLE!
• Others

This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.

About Us

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: Informes De Expertos
Contact Person: Irene Garcia, Corporate Sales Specialist – U.S.A.
Email: sales@informesdeexpertos.com
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Address: 30 North Gould Street, Sheridan, WY 82801, USA
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Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.