Text-to-Speech Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2028

Increasing geriatric population and rising demand for handheld devices is driving growth of the global text-to-speech market.
Market Size – USD 2.35 Billion in 2020, Market Growth – at a CAGR of 14.7%, Market Trends – Advancements in technology.

Global Text-to-Speech Market research report offers a panoramic view of the Text-to-Speech market, regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Text-to-Speech market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.

The global text-to-speech market size is expected to reach USD 7.06 Billion at a steady CAGR of 14.7% in 2028, according to latest analysis by Emergen Research. Text to speech technology market is witnessing increasing revenue growth owing to growing traction of the software globally. Text-to-speech works with almost all personal digital devices such as tablets, smartphones, and computers. Text-to-speech tools highlight the words as they are read out aloud and serves to help children not only to see the words onscreen, but also to hear, understand, and recognize the pronunciation simultaneously.

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The report projects the market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities. The report further provides a comprehensive analysis of the competitive landscape and provides complete coverage with regard to company profiles, product portfolio, revenue generation, financial standing, and market position. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, RD advancements, and industrial penetration.

Top Companies Operating in the Text-to-Speech Market and Profiled in the Report are:

IBM Corporation, Google Inc., Nuance Communication, Amazon.com, LumenVox LLC, SESTEK, Readspeaker, Sensory Inc., Acapela Group, and Nextup Technologies

Global Text-to-Speech Market Segmentation based on Product Type and Application:

  • Offering Outlook (Revenue, USD Billion; 2021–2028)

    • Software
    • Services
      1. Software-as-a-Service
      2. Support, Implementation Consulting
  • Deployment Mode Outlook (Revenue, USD Billion; 2021–2028)

    • On-premise
    • Cloud-based
  • Voice Type Outlook (Revenue, USD Billion; 2021–2028)

    • Neural and Custom Voice
    • Non-Neural

The latest report on the global Text-to-Speech market offers strategic insights into the market landscape to stakeholders, investors, and business owners to help them make efficient and lucrative business decisions based on key statistical data and facts. The report aims to offers a thorough outlook of the Text-to-Speech market based on various key elements, such as market drivers, limitations, threats, restraining factors, and growth prospects. The report aims to deliver a comprehensive understanding of the Text-to-Speech market growth and expansion in each key region of the world.

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Text-to-Speech Market Segmentation by Regions:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Objectives of the Report:

  • Industrial structure analysis of the Text-to-Speech market by identification of various sub-segments
  • Extensive analysis of key market players along with their SWOT analysis
  • Competitive landscape benchmarking
  • Analysis of Text-to-Speech market based on growth trends, futuristic outlook, and contribution to the total growth of the market
  • Analysis of drivers, constraints, opportunities, challenges, and risks in the global Text-to-Speech market
  • Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Thank you for reading our report. For further queries regarding the report or customization options, please connect with us. Our team will ensure you get a report well-suited to your needs.

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