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Global Text to Speech Market Size, Growth Analysis Report, Forecast to 2021-2027

05-21-2021 11:05 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The global text to speech market is anticipated to grow at a considerable CAGR of 15.2% during the forecast period. Significant raise in the funding for text to speech technology providing start-ups to unleash the full potential of this technology in betterment of human life is a key factor driving the growth of the global text to speech market. Vitra.ai, Synthesia, and Gabb among others are the key start-ups that have raised funding for the development of their text to speech service. For instance, in April 2021, Vitra.ai has raised undisclosed amount of fund (ranging between $150,000-$1 million) from Inflexor Ventures, a deep-tech VC as a part of its DeepTech Fellowship Programme with Venture Capital firm 100X.VC.

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In April 2021, AI video generation provider Synthesia had raised $12.5m in Series A funding. The Series A round was led by New York-based FirstMark Capital, an early-stage VC firm with investments in companies such as Riot Games, Airbnb, and Shopify. The raised amount will be used by the company to focus on enterprise user growth and product development. In the same month, Kids' cellphone startup Gabb had raised $14 million in new funding and counts former BYU and current New Orleans Saints football star Taysom Hill among its new investors. With this funding, the company aims to provide kids a safe first phone with no internet, social media or games that protects them against "internet dangers, inappropriate content and screen-time addiction."

A Full Report of Global Text to Speech Market is Available at: https://www.omrglobal.com/industry-reports/text-to-speech-market

Global Text to Speech Market Report Segment

By Type

Solution
Service

By End-User Vertical

Automotive & Transportation
Enterprise
Consumer Electronics
Healthcare
BFSI
Education
Retail
Others (Entertainment & Government)

Global Text to Speech Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Italy
Spain
France
Rest of Europe

Asia-Pacific

China
India
Japan
South Korea
Rest of Asia-Pacific

Rest of the World

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/text-to-speech-market

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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