The Global Text-to-Speech Market research study published by Emergen Research is an extensive collection of insightful information about the Text-to-Speech industry. The report covers the Text-to-Speech Market segmentation along with a detailed outline of the Text-to-Speech market size with regards to volume and valuation. The report provides comprehensive coverage of the Text-to-Speech market scenario for the current period and forecast timeline of 2020-2027. The Text-to-Speech market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions. Factors influencing the growth of the Text-to-Speech market and impacting the growth of the industry are studied extensively in the report. The report discusses in detail the positive and negative impact of the pandemic on the Text-to-Speech industry. The supply chain disruptions and economic volatility have altered the dynamics of the Text-to-Speech industry. The report explores the effects of the pandemic on the market and its key segments and regions.
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.
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The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the Text-to-Speech market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the Text-to-Speech market landscape.
The Text-to-Speech research report also includes an insightful study of the prominent players of the industry along with their business overview, strategic planning, and business expansion plans adopted by them. This assists the readers and business owners in formulating strategic expansion and investment plans. The report focuses on mergers and acquisitions, joint ventures, collaborations, partnerships, corporate and government deals, and others. The report also talks about the expansions these prominent players are vying for in the key regions of the market. The report focuses on the detailed analysis of the technological and product developments undertaken by these companies.
The key companies studied in the report are:
IBM Corporation, Google Inc., Nuance Communication, Amazon.com, LumenVox LLC, SESTEK, Readspeaker, Sensory Inc., Acapela Group, and Nextup Technologies
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the RD sector.
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This report is the latest document encompassing the massive changes that took place in the Text-to-Speech market following the emergence. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Text-to-Speech market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment.
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
The report addresses the following key points:
- The report estimates the expected market size from 2020-2027
- The report provides a forecast of market drivers, restraints, and future opportunities for the Text-to-Speech market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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