Text-To-Speech Market overview
Speech synthesis is the production of human speech artificially. A computer system used for this purpose, which can be integrated into hardware or software, is called a voice synthesizer. Some systems translate symbolic linguistic representations, like phonetic transcriptions, into speech, while text-to-speech (TTS) systems translate text into voice. Text-to-speech is offered by most of the well-known software vendors that offer a selection of cloud-based NLP APIs.
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Text-To-Speech Market Value
Text-To-Speech Market was valued at US$ 2.93 Bn. in 2023 and the total Text-To-Speech revenue is expected to grow at 13.8% from 2024 to 2030, reaching nearly US$ 7.25 Bn.
Text-To-Speech Market Report Scope and Research Methodology
The research examines the most significant trends within the Text-To-Speech market and their potential impacts on new business investments and industry growth. Market trends influence various factors like new technologies, regulations, government investments, emerging applications, international market entry, and other industry dynamics. This study presents a comprehensive analysis of these trends to assist clients in formulating strategies to enhance their presence in the Text-To-Speech market.
Text-To-Speech Market Dynamics
The healthcare industry benefits from speech synthesis research:
The technology created by researchers is unique in that it can create normal-sounding personalized voices from even disordered speech recordings, allowing people to communicate while maintaining their sense of self and dignity. This is in contrast to existing aids, which only offer a limited range of inadequate voices. A three-minute speech sample from a patient with motor neurone disease, for instance, was employed in a pilot study, and this artificial voice is now often used. The voices of 600 participants were used in a bigger study conducted in Europe to gather the necessary data for training the underlying statistical model. This model is currently being used to provide patients with numerous more reconstructed voices via tablet or smartphone.
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Text-To-Speech Market Segmentation
by Component
Software
Services
by Deployment Mode
Cloud-based
On-Premise
by Type
Non-neural
Neural and Custom
by Language
English
Spanish
Hindi
Chinese
Arabic
Others
by Vertical
Consumer
Automotive & Transportation
Healthcare
Education
Assistant tool for the visually impaired or disabilities
BFSI
Retail
Enterprise
Travel and Hospitality
Others
For the duration of the projected period, Vertical projects that the helper tool segment will expand at a CAGR of 7.6%. With a great deal of use in this industry, speech synthesis has long been regarded as an essential assistive technology tool. For people with a variety of impairments, technology makes it possible to remove environmental barriers.
Text-To-Speech Market Key Players include:
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
Table of content for the Text-To-Speech Market includes:
Part 01: Executive Summary
Part 02: Scope of the Text-To-Speech Market Report
Part 03: Text-To-Speech Market Landscape
Part 04: Text-To-Speech Market Sizing
Part 05: Text-To-Speech Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Text-To-Speech Market Regional Insights
The report includes a detailed analysis of all the regions and their countries mentioned below:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
Key Questions answered in the Text-To-Speech Market Report are:
- What is Text-To-Speech?
- What is the expected CAGR of the Text-To-Speech market during the forecast period?
- What factors are affecting the Text-To-Speech market growth?
- Which region held the largest share of the global Text-To-Speech market?
- What growth strategies are the players considering to increase their presence in Text-To-Speech?
- Who are the leading players in Text-To-Speech Market?
Key Offerings:
- A detailed Analysis of the Market Overview
- Market Share, Size & Forecast by Revenue
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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