The global text-to-speech market size is expected to reach USD 7.06 Billion at a steady CAGR of 14.7% in 2028, according to latest analysis by Emergen Research. Text to speech technology market is witnessing increasing revenue growth owing to growing traction of the software globally. Text-to-speech works with almost all personal digital devices such as tablets, smartphones, and computers. Text-to-speech tools highlight the words as they are read out aloud and serves to help children not only to see the words onscreen, but also to hear, understand, and recognize the pronunciation simultaneously.
The study lays stress on other significant factors like the forecast market size, share, and future growth rate. Additionally, the report undertakes the SWOT Analysis and Porter’s Five Forces Analysis to assess the market standing of the leading companies in this business sector. The latest research report is touted as the first document covering the current market situation that is substantially affected by the COVID-19 outbreak. The pandemic has brought about enormous changes in the global economic landscape, which, in turn, has disrupted the Text-to-Speech industry’s functioning. However, this report entails the latest updates about the impact of COVID-19 on this ever-evolving business sector. Additionally, our team of analysts has estimated the aftermath of the outbreak and its future impact on the global economic landscape.
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The leading market contenders listed in the report are:
IBM Corporation, Google Inc., Nuance Communication, Amazon.com, LumenVox LLC, SESTEK, Readspeaker, Sensory Inc., Acapela Group, and Nextup Technologies
Key reasons to buy the Global Text-to-Speech Market report:
- The latest report comprehensively studies the global Text-to-Speech market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Text-to-Speech Market
-
Offering Outlook (Revenue, USD Billion; 2021–2028)
- Software
- Services
- Software-as-a-Service
- Support, Implementation & Consulting
-
Deployment Mode Outlook (Revenue, USD Billion; 2021–2028)
- On-premise
- Cloud-based
-
Voice Type Outlook (Revenue, USD Billion; 2021–2028)
- Neural and Custom Voice
- Non-Neural
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Regional Outlook of the Text-to-Speech Market
The global Text-to-Speech market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Text-to-Speech market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key reasons to buy the Global Text-to-Speech Market report:
- The latest report comprehensively studies the global Text-to-Speech market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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