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.

Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Text-to-Speech industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Text-to-Speech industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Text-to-Speech industry.

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Competitive Outlook: The leading companies operating in the Text-to-Speech market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Text-to-Speech Market and Profiled in the Report are:

IBM Corporation, Google Inc., Nuance Communication, Amazon.com, LumenVox LLC, SESTEK, Readspeaker, Sensory Inc., Acapela Group, and Nextup Technologies

Objectives of the Report:

Study of the global Text-to-Speech market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Text-to-Speech market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Text-to-Speech market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Text-to-Speech market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

• Offering Outlook (Revenue, USD Billion; 2021–2028)

  • Software
  • Services
    1. Software-as-a-Service
    2. 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

Regional Segmentation:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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