The potable smart voice translator is the device used for translating the text or speech from one language to any other preferred language. It is used explicitly for speaking and translating the language that people can understand. As language is a major barrier for understanding while communicating in foreign countries, a portable smart voice translator works by translating the recording into text and simultaneously transmits it into voice output. Its smart voice features listen to the recording or any instruction and convert it into text. Thus, real-time translation helps in making communication easier, understandable, and reduces confusion between the sender and receiver.
The global Portable Smart Voice Translator market expected to grow at a substantial CAGR in the forecast period. Owing to increasing social media, right interface solutions, globalization, and immigration are the major reason for emerging portable smart voice translator markets.
Moreover, with the rise in technology, communication has become essential in business dealing, and many other purposes can be solved while sitting anywhere around the world. A Portable smart voice translator helps in reducing the gap of communication between the people of different languages. The other major reason for the adoption of smart voice portable translators has increased due to its real-time performance, easy availability, portability, accessibility, and it can sync with smart gadgets as well which makes learning easy and people can easily interact with anywhere around the world without learning a new language and even can-do doing business deals without any language barrier.
Furthermore, with the growing industrial sector, the economy of scale, social media interaction between people around the world, and globalization has increased the demand for the portable translator. Social media interaction between people across the globe has strengthened the market demand for portable smart voice translators as a translator can easily translate the text, voice note, or any writeup in the preferred language. It turns any message, text, voice note through its smart voice feature. It uses intelligent speech recognition technology that translates the recording into text and also immediately transmits into voice output. Therefore, the demand for the portable smart voice translator expected to increase in the future period from 2020-2027.
The portable smart voice translator demand has risen due to globalization and migration. Globalization has introduced the need for a translator, which smoothen the entire process of business dealing. Moreover, people with different local and regional languages face difficulties when migrated from one country or place to another. But with recent technology advancement, portable smart voice translators are gaining popularity.
The number of languages the translator can translate in real-time scenarios has contributed to the increased market share in the past few years. A portable smart voice translator has more than 30 languages that can turn the text, voice note, recording within a second, and it is beneficial while traveling abroad, reading, meeting any person who speaks a different language. Therefore, multi-lingual translation features have increased the demand for the portable smart voice translator market.
Based on Application, the global portable smart voice translator market classified into Voice Translator, Two-way real-time voice translator, Text Translation, Bluetooth sync app connection. The Bluetooth sync app connection segment has captured the significant demand for portable smart voice translators in the market. Its wireless transmission distance is up to 10 meters. Moreover, with the rise in disposable income, the smartphone market has boomed and made every task feasible. Thus, portable smart voice translator can easily connect with the Bluetooth in the smartphones and easy portability, connectivity helps in translations easier task.
Based on Usage, the global portable smart voice translator market classified into Travelling abroad, learning a new language, Making foreign friends, Business negotiation. Business Negotiation segment has increased the need for adoption of portable smart voice translator, and it is expected to increase in the forecast period as well. As globalization has widened the scope for expansion of business in overseas and portable smart voice translator will help in providing a clear understanding of other person and helps in smoothen the business terms. Moreover, learning a new language segment is also growing and will continue to grow in the forecast period but have a lucrative growth rate than the business negotiation segment. With the increasing demand for learning differences in the schools and colleges and anyone who wants to learn a new language can learn with the help of a portable smart voice translator.
Based on technology, the portable smart voice translator market bifurcated into Translate recording into text and text to voice output. Text to voice output segment has captured the major demand for the portable smart voice translator market and expected to bolster its market share in the forecast period as well. The portable feature makes it easy to carry it anywhere and attached to smartphones. Moreover, with its smart voice feature, which is used explicitly for translating the text into voice output. It can also be used by putting the translator on the text, and it translates the text in the preferred language within seconds. Therefore, demand for the translation text to voice note has been catering to the larger market share and is expected to emerge with coming advance technology fused with it.
Based on geography, the global portable smart voice translator market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific region has emerged as a significant market for the portable smart voice translator market and will propel the growth in the forecast period as well. Increasing disposable income and rising development in countries like India and China have created a demand for expanding business overseas. Thus, demand for portable smart voice translators has emerged, and increasing demand for artificial technology and machine learning along with more advance features in the future has given a boost to the region.
Companies such as Vasco electronics, CM, SIATOES, Buoth, MORTENTR, Langago, SSK, Koalad, Birgus, Pulomi, and others are the key players in the global portable smart voice translator market.