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Research and Markets: Global STS Translation Market 2014-2018: Key Vendors are AT&T, IBM, SpeechTrans & Voxtec InternationalDUBLIN --(Business Wire)-- 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. Globalizatin 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:
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