Speech to Speech Translation Market Share

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.

Speech to Speech Translation Market Leaders

1. Microsoft Corporation

2. Google Inc. (Alphabet Inc.)

3. APALON (IAC Search & Media Technologies Limited)

4. Cheetah Mobile Inc.

5. Triplingo Inc.

*Disclaimer: Major Players sorted in no particular order