Global Text-to-Speech Market to Reach $9.3 Billion by 2030
The global market for Text-to-Speech estimated at US$3.8 Billion in the year 2023, is expected to reach US$9.3 Billion by 2030, growing at a CAGR of 13.4% over the period 2023-2030. Text-to-Speech Software / Solution, one of the segments analyzed in the report, is expected to record 12.9% CAGR and reach US$5.9 Billion by the end of the analysis period. Growth in the Text-to-Speech Services segment is estimated at 14.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $994.7 Million, While China is Forecast to Grow at 17.5% CAGR
The Text-to-Speech market in the U.S. is estimated at US$994.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 17.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9% and 11% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 10.2% CAGR.
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