Global Text-to-speech Education Technology Market: How the Market has witnessed Substantial Growth in recent years and What Factors will drive the Market in Upcoming Years?

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This report segments the text-to-speech market on the basis of vertical and geography. On the basis of vertical, the market is segmented into consumer electronics, automotive and transportation, healthcare, education, finance, retail, enterprise, and others. For the text-to-speech market, the consumer electronics vertical market held the largest share of the overall text-to-speech market in 2017. Text-to-speech is widely used in smartphones for navigation and personal assistance apps. Moreover, laptops and televisions have also adopted this technology to help blind and partially sighted people to access the menu with the help of audible instructions. The market for the healthcare vertical is expected to grow at the highest CAGR during the forecasted period. Advancements in medical devices and the growing usage of personal health monitors drive the growth of the text-to-speech market for healthcare.

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The access to education is gaining mass adoption, largely triggered by e-learning, it also brings into consideration the need to tailor teaching methods. This is essential to create achievable milestones that can meet the objective of providing education to all learners in an equitable manner. As a result, apart from investing in products and services to increase access to education, despite financial, time, and geographic constraints, there is a need to consider assistive technologies as well, to meet this objective. The below exhibit broadly explains the key elements involved in the execution of assistive technologies in educational institutions.

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The report covers the present scenario and the growth prospects of the global text-to-speech education technology market for 2017-2022. To calculate the market size, the report considers the revenue generated from the sales of text-to-speech software solutions and related services for a fee or license to educational institutions. The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW

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