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.

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The Global Text-to-Speech Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.  

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 is a comprehensive research study of the global Text-to-Speech market inclusive of the latest trends, growth factors, developments, opportunities, and competitive landscape. The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report is formulated with data gathered from primary and secondary research examined and validated by industry experts. The report provides an overview of the market leaders, segmentation by type, application, and region, and technological advancements.

The key players studied in the report are IBM Corporation, Google Inc., Nuance Communication, Amazon.com, LumenVox LLC, SESTEK, Readspeaker, Sensory Inc., Acapela Group, and Nextup Technologies

Segments Covered in this report are:

  • 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

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Regional Bifurcation of the Text-to-Speech Market Includes:

  • 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)

The report aims to provide a complete analysis of the global Text-to-Speech market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into market growth, size, and investment approaches. Additionally, the report provides an extensive analysis of the Text-to-Speech market, including key data, such as factors influencing the growth of the market, buyers and vendors, production and consumption, and revenue.

Highlights of Table of Contents (TOC):

  • Overview of Global Text-to-Speech Market
  • Competitive analysis of the Text-to-Speech market
  • Regional analysis of Global Text-to-Speech market production and revenue
  • Regional analysis of Global Text-to-Speech market supply, consumption, and export import
  • Type-based market analysis of global Text-to-Speech production, revenue, and price trends
  • Application-based analysis of the global Text-to-Speech market
  • Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Text-to-Speech market
  • Conclusion of the research report
  • Appendix

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