Text-To-Speech Market was valued at US$ 2.58 Bn. in 2022 and the total Text-To-Speech revenue is expected to grow at 13.8% from 2023 to 2029, reaching nearly US$ 6.38 Bn.
Market Overview
The Text-To-Speech Market is growing at faster with substantial growth rates over the previous few years and it is estimated that the Market can grow considerably within the forecasted period i.e., 2022 to 2029.
The report provides Text-To-Speech Market drivers and restraints. The report helps in recognizing the drivers that are driving the Market growth and discovering ways to use these drivers as strengths. Restraints can help you to identify characteristics that are restraining the Market and help you identify them and decrease or improve them before they become an issue. Opportunities are created by external components like changes in the Market, and new consumer trends. This will help you to understand elements that will influence your potential to take advantage of your opportunities. Challenges could create hurdles for your business. The report helps you to identify challenges and ways to encounter them depending on the Market scenario.
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Market Scope
The report provides overall Market insights for manufacturers, suppliers, distributors, and investors in the global Text-To-Speech Market. The information and data provided in the report may be used by all stakeholders, students, consulting firms, research institutes, industry professionals, journalists, business researchers, etc. in the global Text-To-Speech Market.
The report also includes factors like Market segmentation, CAGR (Compound Annual Growth Rate), Year-on-Year growth (percent), Porter's five force model, absolute USD potential, and expected Market cost structure.
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Text-To-Speech Segmentation Analysis
The assistance tool market is anticipated to expand at a CAGR of 7.6% over the forecast period, according to Vertical. Speech synthesis has long been a key component of assistive technology, having significant and wide-ranging use in this area. For people with a wide range of impairments, technology makes it possible to remove environmental barriers.
Screen readers have historically been used most frequently by persons with visual impairment, but pre-literate kids and people with dyslexia and other reading difficulties are increasingly using text-to-speech systems on a regular basis. Additionally, they are frequently used to help people who have severe speech impairments communicate, usually using a particular voice output device.
Earlier in 2022, Intel, Dell, and Rolls-Royce released a computer programme that would allow motor neuron disease sufferers to be duplicated while retaining their voices. On the "I Will Always Be Me" website, users provide training data by reading a book, and SpeakUnique's voice banking technology analyses the data to produce a synthetic voice that can be used on an assisted speaking device. End-to-end speech conversion is used by Google's Parrotron, a component of the wider Project Euphoria, to help persons with speech problems by mimicking their intended speech.
Spoken Rx, a smartphone app that reads prescription labels aloud to persons with limited vision, was introduced by CVS Pharmacy. For its glasses-mounted OrCam MyEye attachment that can read both printed and digital text, OrCam won a CES innovation award.
by Component
1. Software
2. Services
by Deployment Mode
1. Cloud-based
2. On-Premise
by Type 1. Non-neural
2. Neural and Custom
by Language 1. English
2. Spanish
3. Hindi
4. Chinese
5. Arabic
6. Others
by Vertical
1. Consumer
2. Automotive & Transportation
3. Healthcare
4. Education
5. Assistant tool for the visually impaired or disabilities
6. BFSI
7. Retail
8. Enterprise
9. Travel and Hospitality
10. Others
Text-To-Speech Key Players
1. Nuance Communication
2. Microsoft Corporation
3. IBM Corporation
4. Google, Inc.
5. Sensory Inc.
6. Amazon.Com
7. Readspeaker
8. LumenVox LLC
9. Acapela Group
10. CereProc
11. SESTEK
12. iFlytek
13. TextSpeak
14. Nextup Technologies
15. iSpeech
16. Nexmo Inc.
17. Baidu, Inc.
18. Facebook Research
19. Govivace
20. GL Communications
Regional Analysis
The study delves into the Text-To-Speech Market in depth, segmenting it into regions. For the analysis, a review of the provincial Market involved with the objective Market, as well as results related to the objective Market, is provided. The review evaluates the Market in North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East on a local and country-by-country basis. The Market in each region is thoroughly investigated, enabling for the identification of regional Market trends, restrictions, and development opportunities.
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Key Questions answered in the Market Report are:
- What is Market?
- What is the forecast period of the Market?
- What is the competitive scenario of the Market?
- Which region held the largest Market share in the Market?
- What are the opportunities for the Market?
- What factors are affecting the Market growth?
- Who are the key players of the Market?
- Which company held the largest share in the Market?
- What will be the CAGR of the Market during the forecast period?
- What key trends are likely to emerge in the Market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Text-To-Speech
- Landscape- Leading key players and other prominent key players.
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