Text-to-Speech (TTS) Market By Offering (Software, Service), By Deployment Model (On-premise, Cloud), By Type (Neural, Non-Neural), By Lanuage (English, Chinese, Spanish, Hindi, Arabic, Others), By Enterprise Size (Large Enterprises, SMEs), By Industry Vertical (BFSI, Travel and Tourism, IT and Telecom, Education, Retail and Consumer Goods, Automotive and Transportation, Media and Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
Text-to-speech is a type of assistive technology that reads digital text aloud. It’s sometimes called “read aloud” technology. In addition, it helps to minimize learning-related challenges while enabling a more improved approach to learning. It is also useful among members of the geriatric population who have problems with reading due to poor eyesight or other challenges. Furthermore, text-to-speech is useful in converting website content, online documents, and e-learning. It is also useful among persons with learning disabilities, and vision and language challenges.
Rising preference for handheld devices and the increasing number of people suffering from visual impairments and learning disabilities propels growth of the global text-to-speech market. In addition, rising adoption of voice assistants & smart speakers to aid growth fuel growth of the market. However, privacy issues to impede adoption of voice-enabled application and complexity in generating prosody and pronunciation of naturally occurring speech is expected to impede the market growth. Furthermore, increase in use of digital transformation technology is expected to provide lucrative opportunities for the market during the forecast period.
The text-to-speech market is segmented on the basis of by offering, deployment mode, type, language, enterprise size, industry vertical, and region. On the basis of offering, the market is categorized into software and service. On the basis of deployment mode, the market is fragmented into on-premise and cloud. On the basis of type, the market is classified into neural, non-neural. On the basis of language, the market is divided into English, Chinese, Spanish, Hindi, Arabic, and others. On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs. By industry vertical, it is classified into BFSI, travel and tourism, it and telecom, education, retail and consumer goods, automotive and transportation, media and entertainment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the text-to-speech market are Acapela Group, Amazon.Com, CereProc, Google, Inc., IBM Corporation, iFlytek, iSpeech, LumenVox LLC, Microsoft Corporation, NextUp Technologies, Nuance Communications, Readspeaker, Sestek, Sensory, Inc., TextSpeak, Deepdub, Neosapience. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the text-to-speech (tts) market analysis from 2021 to 2031 to identify the prevailing text-to-speech (tts) market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the text-to-speech (tts) market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global text-to-speech (tts) market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Industry Vertical
BFSI
Travel and Tourism
IT and Telecom
Education
Sector
ELearning Companies
Academic Institutions
Retail and Consumer Goods
Automotive and Transportation
Media and Entertainment
Others
By Offering
Software
Service
Service Type
Professional Services
Managed Services
By Deployment Model
On-premise
Cloud
By Type
Neural
Non-Neural
By Lanuage
English
Chinese
Spanish
Hindi
Arabic
Others
By Enterprise Size
Large Enterprises
SMEs
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
Australia
South Korea
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Nuance Communication
IBM Corporation
Microsoft Corporation
GL Communications
Acapela Group
Amazon.Com
CereProc
Google, Inc.
iFlytek
iSpeech
LumenVox LLC
NextUp Technologies
Readspeaker
Sestek
Sensory, Inc.
TextSpeak
Deepdub
Neosapience
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