متخصصان تحلیل بازار، رشد چشمگیری را برای بازار ابزارهای ترجمه تا سال ۲۰۲۴ پیش بینی کرده اند که رقم در حدود ۱۹۱ میلیون دلار می باشد؛ پیشرفت صنعت توریسم و تمایل به برقراری ارتباط بیشتر بین مردم جهان از جمله دلایل این رشد ذکر شده است؛ متن کامل خبر در ذیل به زبان انگلیسی درج شده است:


The language translating devices market is likely to reach around $191 million by 2024, growing at a CAGR of approximately 13% during 2018-2024.

The growth in travel and tourism activities, including vacations, leisure travel, is increasing the demand for high-quality devices worldwide. However, increasing medical tourism across borders is one of the major factors responsible for the significant growth of language translating devices. The market dynamics in the medical tourism segment has affected language device manufacturers in terms of product offerings and has also created new opportunities for global as well as local companies, thereby driving the language translating devices market.

The language translating devices market is undergoing tremendous technological transformations, which are accelerating sales of language devices across the world. The availability of real-time language translation capabilities, and increased investments on AI and IoT (internet of things) has helped the market to increase revenues significantly. In North America and Europe, 80% of the potential customers are using online platforms to buy translation devices as they provide a wide platform to compare product pricing and features. The emergence of innovative technology in these devices is having a profound effect on product designs, development, manufacturing, marketing, sales, and the aftersales market.

Language Translating Devices Market: Geography

The language translating devices market by geography can be segmented into APAC, Europe, MEA, North America. APAC was leading the region and reached around $35 million in 2018. Due to a strong investment in healthcare infrastructure and the unprecedented growth of medical tourism, especially in countries such as China, Japan, the Philippines, Taiwan, Thailand, and India, the region holds high potential for market growth. 

Also, the steep rise in the number of outbound global travelers with foreign languages as well as an increasing trend of traveling is driving the market in the APAC region. Europe is the second largest market and is expected to continue its position in the global market during the forecast period. The increase in per capita disposable income among consumers and the favorable retail environment are the major factor driving the market in the region. 

Due to the intensified competition, private hospitals in AMEA are upgrading healthcare facilities. It is boosting medical tourism and increasing demand for language translating devices in the region. Also, the increasing popularity and awareness regarding wearable and handheld language translating devices in Latin America has driven the language translating devices market worldwide.

Key Vendor Analysis

The language translating devices market has a limited number of global players. The market is highly competitive in terms of technological innovations and price differentiation. The high competition is expected to decrease the price of language translating products during the forecast period. Vendors are investing in R&D to improve the quality, quantity, technology, services, and price of translation devices. Further, the existing global players are increasing their investment to ensure continuous customer-centric product innovation, which is likely to drive the language translating devices market in the coming years.

Prominent Vendors in the Language Translating Devices Market

  • Bragi
  • Business Overview
  • Product Offerings
  • Waverly Labs
  • Mymanu
  • Fujitsu
  • Logbar
  • Timekettle
  • Misway
  • Travis
  • Lingmo
  • Xiaomi
  • iFLYTEK
  • Cheetah Mobile
  • Two Monkeys Technology
  • Sogou

Upcoming Vendors

  • TRAGL
  • One Mini

Key Topics Covered: 

۱ Research Methodology

۲ Research Objectives

۳ Research Process

۴ Scope & Coverage
۴٫۱ Market Definition
۴٫۲ Base Year
۴٫۳ Scope of the study
۴٫۴ Market Segments

۵ Report Assumptions & Caveats
۵٫۱ Key Caveats
۵٫۲ Currency Conversion
۵٫۳ Market Derivation

۶ Market at a Glance

۷ Introduction
۷٫۱ Overview
۷٫۲ Emerging Adoption Among Businesses Entering New Markets
۷٫۳ Global Economic Improvement to Aid Market Growth

۸ Market Dynamics
۸٫۱ Market Growth Enablers
۸٫۱٫۱ Rising International Travel & Tourism
۸٫۱٫۲ Rising Medical Tourism Driving Demand for Speech Translation
۸٫۱٫۳ Internet Influencing Purchase Decisions
۸٫۲ Market Growth Restraints
۸٫۲٫۱ Inaccurate Translations & Lag in Speech Processing
۸٫۲٫۲ Stigma of Wearing Facial Gadgets Hindering Growth of Wearables
۸٫۲٫۳ Challenges of Counterfeit and Low-quality Products
۸٫۳ Market Opportunities & Trends
۸٫۳٫۱ Increasing Portfolio of Services Offered by Wearable Devices
۸٫۳٫۲ Real-time Language Translation Capabilities
۸٫۳٫۳ Increasing Investments in AI and IoT

۹ Global Market Landscape
۹٫۱ Market Size & Forecast
۹٫۲ Five Forces Analysis

۱۰ By Product Type
۱۰٫۱ Market Snapshot & Growth Engine
۱۰٫۲ Market Overview
۱۰٫۳ Handheld Devices
۱۰٫۴ Wearable Devices

۱۱ By Platform
۱۱٫۱ Market Snapshot & Growth Engine
۱۱٫۲ Market Overview
۱۱٫۳ Online Devices
۱۱٫۴ Offline Devices

۱۲ By Distribution Channel
۱۲٫۱ Market Snapshot & Growth Engine
۱۲٫۲ Overview
۱۲٫۳ E-commerce
۱۲٫۴ Retail Stores

۱۳ By Geography
۱۳٫۱ Market Snapshot & Growth Engine
۱۳٫۲ Overview

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