Press release
Text-To-Speech Market was valued at USD 2.58 Bn. in 2022, and it is projected to experience a remarkable growth rate of 13.8% from 2023 to 2029, reaching a total revenue of nearly USD 6.38 Bn.
Text-To-Speech Market
The Text-To-Speech market is segmented based on Component, Deployment Mode, Type, Language, Vertical, and Region. The report covers in-depth analysis and meaningful insights, incorporating facts, historical data, statistically supported market statistics, and industry-validation. It employs an appropriate set of assumptions and methodologies to provide accurate market estimates. The research methodology includes a bottom-up approach to determine market size, identifying key players through secondary research, and determining market revenues via primary and secondary research. The report features leading market players, such as Nuance Communication, Microsoft Corporation, IBM Corporation, Google, Inc., and Sensory Inc., who continuously strategize mergers, acquisitions, alliances, joint ventures, and partnerships to enhance their market shares.
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The report not only presents global players but also evaluates the market presence of local players in each country. By analyzing market structure, market leaders, followers, and local players, this report offers a comprehensive industry outlook. It also covers regional mergers, acquisitions, alliances, joint ventures, and partnerships, along with their strategic intent.
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What are Text-To-Speech Market Dynamics?
The report highlights several factors driving the growth of the Text-To-Speech market. One significant factor is the application of speech synthesis in the healthcare sector, enabling the creation of personalized voices for individuals with speech disorders. The popularity of portable devices, such as mobile phones, further contributes to the increasing adoption of text-to-speech technology. Additionally, growing public investments in education for differently-abled children and the complexity of generating prosody and pronunciation of naturally occurring speech impact market dynamics.
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What is Text-To-Speech Market Regional Insight?
The North America region is expected to witness substantial growth in the Text-To-Speech market, with a projected CAGR of 11.3% during the forecast period. The adoption of modern technologies, such as intelligent virtual assistants, has been instrumental in transforming conversation data into automated self-service experiences, improving customer services. The region showcases promising growth prospects as the demand for voice data insights continues to rise.
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What is 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
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Who are Text-To-Speech Market Key Players?
• Nuance Communication
• Microsoft Corporation
• IBM Corporation
• Google, Inc.
• Sensory Inc.
• Amazon.Com
• Readspeaker
• LumenVox LLC
• Acapela Group
• CereProc
• SESTEK
• iFlytek
• TextSpeak
• Nextup Technologies
• iSpeech
• Nexmo Inc.
• Baidu, Inc.
• Facebook Research
• Govivace
• GL Communications
Table of content for the Text-To-Speech Market includes:
1. Global Text-To-Speech Market: Research Methodology
2. Global Text-To-Speech Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Text-To-Speech Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Text-To-Speech Market Segmentation
• Global Market, by Component(2021-2029)
• Global Market, by Deployment Mode(2021-2029)
• Global Market, by Type(2021-2029)
• Global Market, by Language(2021-2029)
• Global Market, by Vertical(2021-2029)
5. Regional Text-To-Speech Market(2021-2029)
• Regional Market, by Component(2021-2029)
• Regional Market, by Deployment Mode(2021-2029)
• Regional Market, by Type(2021-2029)
• Regional Market, by Language(2021-2029)
• Regional Market, by Vertical(2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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