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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 technology is helpful in communicating with users when reading content or messages on a screen is inconvenient or not possible. This technology opens up information and applications for disabled people in new ways, and helps those individuals who are unable to read text on a screen to a great extent. Advancements in technology has resulted in further development of more innovative features in text-to-speech tools. Some market players have improved the optical character recognition (OCR) feature, which allows text to speech technology to read text from images aloud. For instance, a user can take a photograph of a street sign and have the words be read out in audio format.

Research Methodology

Data triangulation and market breakdown

Research assumptions Research data including primary and secondary data

Primary data includes breakdown of primaries and key industry insights

Secondary data includes key data from secondary sources

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Scope of the report: Text-to-Speech Market

The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Text-to-Speech market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.  

Text-to-speech technology is used in the healthcare sector to increase a patient’s understanding of complex medical terms. It can further improve digital health technology in healthcare by speech-enabling websites, health apps, nurse call systems in hospitals, and portable health devices synthetic voices that are very humanlike.

The text-to-speech market in North America accounted for largest revenue share as compared to other regional markets in 2020 due to high demand from the U.S. The rising trend of machine learning in the country and increase in demand for text-to-speech technology is driving growth of the market.

Key players in the market include IBM Corporation, Google Inc., Nuance Communication, Amazon.com, LumenVox LLC, SESTEK, Readspeaker, Sensory Inc., Acapela Group, and Nextup Technologies.

You Can Download Free Sample PDF Copy of Text-to-Speech Market at https://www.emergenresearch.com/request-sample/539

Important Points Mentioned in the Text-to-Speech Market Study

Manufacturing Analysis: The report initially analyzes the various segments of the market in a brief manner, which includes product types, applications, and so on. Further, the report consists of a separate section wherein an in-depth analysis of the manufacturing process has been provided which has been verified thorough primary information collected by experts of reputed industries as well as the industry analysts.

Sales and Revenue Estimation: By applying several top-down and bottom-up approaches on the previous years’ sales and revenue data as well as the present market scenario, the analysts have anticipated the market growth and size in major geographies. The report further includes an all-inclusive study on the applications and end-user industries participating in the market. Furthermore, the report provides crucial data on the regulatory policies and guidelines, as well as the macro-economic factors, that determine the evolution of the market along with predictive analysis.

Demand & Supply Assessment: The report further offers key information on the manufacturing and cost analysis, consumption ration, import/export factors, and product and service distribution.

Competitiveness: The report provides crucial data based on the company profile, product portfolio, product and service cost, potential, and sales and revenue generated by the key pioneers and other leading companies.

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Emergen Research has segmented the global text-to-speech market on the basis of offering, deployment mode, voice type, organization size, vertical, and region:

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

Organization Size Outlook (Revenue, USD Billion; 2021–2028)

Small and Medium-Sized Enterprises

Large Enterprises

Vertical Outlook (Revenue, USD Billion; 2021–2028)

Automotive & Transportation

Consumer

BFSI

Healthcare

Education

Retail

Travel and Hospitality

Assistant tool for visually impaired or disabilities (Dyslexic Reader)

Enterprises

Others (Government and Legal)

Regional scope: – North America; Europe; Asia Pacific; Central & South America; MEA

Here are the questions we answer…

What are the future opportunities in store for the vendors operating in the Text-to-Speech market?

What does the competitive landscape look like?

Which emerging technologies are believed to impact the Text-to-Speech market performance?

What are the key trends and dynamics?

Which regulations that will impact the industry?

Which segment will offer the most opportunity for growth between 2020 and 2028?

Where will most developments take place in the long term?

Who are the most prominent vendors and how much market share do they occupy?

What are the latest technologies or discoveries influencing the Text-to-Speech market growth worldwide?  

Subject matter experts conducting the study also take a closer look at the products at their development stage and in the pipeline to help business owners conclude on the business strategies that can lower their cost and promise great returns or profits. Strong emphasis on new launches, acquisition and mergers, collaboration, import and export status and supply chain management empowers the business evangelists, manufacturers and business owners build a robust strategy when it comes to making an investment.

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2028

Chapter 3. Key Insights

Chapter 4. Text-to-Speech Market Segmentation & Impact Analysis

    4.1. Text-to-Speech Market Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

                    4.2.2.1. The rising tissue engineering market

                    4.2.2.2. Increasing developments in nanotechnology

                    4.2.2.3. Increasing aging population

                    4.2.2.4. Growing investment in research

          4.2.3. Market restraints analysis

                    4.2.3.1. Strict medical standards

                    4.2.3.2. Stringent regulatory guidelines

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Text-to-Speech Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)

Chapter 6. Text-to-Speech Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)

Chapter 7. Text-to-Speech Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)

Chapter 8. Text-to-Speech Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)

Chapter 9. Text-to-Speech Market Regional Outlook

Chapter 10. Competitive Landscape

Continued…

Tags: Text-to-Speech Market Growth, Text-to-Speech Market Size, Text-to-Speech Market Insights, Text-to-Speech Market Trends, Text-to-Speech Market Share, Text-to-Speech Market Demand, Text-to-Speech Market Overview, Text-to-Speech Market Types, Text-to-Speech Market Applications, Text-to-Speech Market Regions, Text-to-Speech Market Segmentations, Text-to-Speech Market Outlook

See Campaign: https://www.emergenresearch.com/industry-report/text-to-speech-market
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