Text-to-Speech Market By Offering, By Deployment Model, By Type, By Language, By Enterprise Size, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: TEXT-TO-SPEECH (TTS) MARKET, BY OFFERING
4.1 Overview
4.1.1 Market size and forecast
4.2 Software
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Service
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.3.4 Service Text-to-Speech (TTS) Market by Service Type
4.3.4.1 Professional Services Market size and forecast, by region
4.3.4.2 Professional Services Market size and forecast, by country
4.3.4.3 Managed Services Market size and forecast, by region
4.3.4.4 Managed Services Market size and forecast, by country

CHAPTER 5: TEXT-TO-SPEECH (TTS) MARKET, BY DEPLOYMENT MODEL
5.1 Overview
5.1.1 Market size and forecast
5.2 On-premise
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Cloud
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country

CHAPTER 6: TEXT-TO-SPEECH (TTS) MARKET, BY TYPE
6.1 Overview
6.1.1 Market size and forecast
6.2 Neural
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Non-Neural
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country

CHAPTER 7: TEXT-TO-SPEECH (TTS) MARKET, BY LANUAGE
7.1 Overview
7.1.1 Market size and forecast
7.2 English
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3 Chinese
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4 Spanish
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country
7.5 Hindi
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market share analysis by country
7.6 Arabic
7.6.1 Key market trends, growth factors and opportunities
7.6.2 Market size and forecast, by region
7.6.3 Market share analysis by country
7.7 Others
7.7.1 Key market trends, growth factors and opportunities
7.7.2 Market size and forecast, by region
7.7.3 Market share analysis by country

CHAPTER 8: TEXT-TO-SPEECH (TTS) MARKET, BY ENTERPRISE SIZE
8.1 Overview
8.1.1 Market size and forecast
8.2 Large Enterprises
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market share analysis by country
8.3 SMEs
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market share analysis by country

CHAPTER 9: TEXT-TO-SPEECH (TTS) MARKET, BY INDUSTRY VERTICAL
9.1 Overview
9.1.1 Market size and forecast
9.2 BFSI
9.2.1 Key market trends, growth factors and opportunities
9.2.2 Market size and forecast, by region
9.2.3 Market share analysis by country
9.3 Travel and Tourism
9.3.1 Key market trends, growth factors and opportunities
9.3.2 Market size and forecast, by region
9.3.3 Market share analysis by country
9.4 IT and Telecom
9.4.1 Key market trends, growth factors and opportunities
9.4.2 Market size and forecast, by region
9.4.3 Market share analysis by country
9.5 Education
9.5.1 Key market trends, growth factors and opportunities
9.5.2 Market size and forecast, by region
9.5.3 Market share analysis by country
9.5.4 Education Text-to-Speech (TTS) Market by Sector
9.5.4.1 ELearning Companies Market size and forecast, by region
9.5.4.2 ELearning Companies Market size and forecast, by country
9.5.4.3 Academic Institutions Market size and forecast, by region
9.5.4.4 Academic Institutions Market size and forecast, by country
9.6 Retail and Consumer Goods
9.6.1 Key market trends, growth factors and opportunities
9.6.2 Market size and forecast, by region
9.6.3 Market share analysis by country
9.7 Automotive and Transportation
9.7.1 Key market trends, growth factors and opportunities
9.7.2 Market size and forecast, by region
9.7.3 Market share analysis by country
9.8 Media and Entertainment
9.8.1 Key market trends, growth factors and opportunities
9.8.2 Market size and forecast, by region
9.8.3 Market share analysis by country
9.9 Others
9.9.1 Key market trends, growth factors and opportunities
9.9.2 Market size and forecast, by region
9.9.3 Market share analysis by country

CHAPTER 10: TEXT-TO-SPEECH (TTS) MARKET, BY REGION
10.1 Overview
10.1.1 Market size and forecast
10.2 North America
10.2.1 Key trends and opportunities
10.2.2 North America Market size and forecast, by Offering
10.2.2.1 North America Service Text-to-Speech (TTS) Market by Service Type
10.2.3 North America Market size and forecast, by Deployment Model
10.2.4 North America Market size and forecast, by Type
10.2.5 North America Market size and forecast, by Lanuage
10.2.6 North America Market size and forecast, by Enterprise Size
10.2.7 North America Market size and forecast, by Industry Vertical
10.2.7.1 North America Education Text-to-Speech (TTS) Market by Sector
10.2.8 North America Market size and forecast, by country
10.2.8.1 U. S.
10.2.8.1.1 Key market trends, growth factors and opportunities
10.2.8.1.2 Market size and forecast, by Offering
10.2.8.1.2.1 U. S. Service Text-to-Speech (TTS) Market by Service Type
10.2.8.1.3 Market size and forecast, by Deployment Model
10.2.8.1.4 Market size and forecast, by Type
10.2.8.1.5 Market size and forecast, by Lanuage
10.2.8.1.6 Market size and forecast, by Enterprise Size
10.2.8.1.7 Market size and forecast, by Industry Vertical
10.2.8.1.7.1 U. S. Education Text-to-Speech (TTS) Market by Sector
10.2.8.2 Canada
10.2.8.2.1 Key market trends, growth factors and opportunities
10.2.8.2.2 Market size and forecast, by Offering
10.2.8.2.2.1 Canada Service Text-to-Speech (TTS) Market by Service Type
10.2.8.2.3 Market size and forecast, by Deployment Model
10.2.8.2.4 Market size and forecast, by Type
10.2.8.2.5 Market size and forecast, by Lanuage
10.2.8.2.6 Market size and forecast, by Enterprise Size
10.2.8.2.7 Market size and forecast, by Industry Vertical
10.2.8.2.7.1 Canada Education Text-to-Speech (TTS) Market by Sector
10.3 Europe
10.3.1 Key trends and opportunities
10.3.2 Europe Market size and forecast, by Offering
10.3.2.1 Europe Service Text-to-Speech (TTS) Market by Service Type
10.3.3 Europe Market size and forecast, by Deployment Model
10.3.4 Europe Market size and forecast, by Type
10.3.5 Europe Market size and forecast, by Lanuage
10.3.6 Europe Market size and forecast, by Enterprise Size
10.3.7 Europe Market size and forecast, by Industry Vertical
10.3.7.1 Europe Education Text-to-Speech (TTS) Market by Sector
10.3.8 Europe Market size and forecast, by country
10.3.8.1 UK
10.3.8.1.1 Key market trends, growth factors and opportunities
10.3.8.1.2 Market size and forecast, by Offering
10.3.8.1.2.1 UK Service Text-to-Speech (TTS) Market by Service Type
10.3.8.1.3 Market size and forecast, by Deployment Model
10.3.8.1.4 Market size and forecast, by Type
10.3.8.1.5 Market size and forecast, by Lanuage
10.3.8.1.6 Market size and forecast, by Enterprise Size
10.3.8.1.7 Market size and forecast, by Industry Vertical
10.3.8.1.7.1 UK Education Text-to-Speech (TTS) Market by Sector
10.3.8.2 Germany
10.3.8.2.1 Key market trends, growth factors and opportunities
10.3.8.2.2 Market size and forecast, by Offering
10.3.8.2.2.1 Germany Service Text-to-Speech (TTS) Market by Service Type
10.3.8.2.3 Market size and forecast, by Deployment Model
10.3.8.2.4 Market size and forecast, by Type
10.3.8.2.5 Market size and forecast, by Lanuage
10.3.8.2.6 Market size and forecast, by Enterprise Size
10.3.8.2.7 Market size and forecast, by Industry Vertical
10.3.8.2.7.1 Germany Education Text-to-Speech (TTS) Market by Sector
10.3.8.3 France
10.3.8.3.1 Key market trends, growth factors and opportunities
10.3.8.3.2 Market size and forecast, by Offering
10.3.8.3.2.1 France Service Text-to-Speech (TTS) Market by Service Type
10.3.8.3.3 Market size and forecast, by Deployment Model
10.3.8.3.4 Market size and forecast, by Type
10.3.8.3.5 Market size and forecast, by Lanuage
10.3.8.3.6 Market size and forecast, by Enterprise Size
10.3.8.3.7 Market size and forecast, by Industry Vertical
10.3.8.3.7.1 France Education Text-to-Speech (TTS) Market by Sector
10.3.8.4 Italy
10.3.8.4.1 Key market trends, growth factors and opportunities
10.3.8.4.2 Market size and forecast, by Offering
10.3.8.4.2.1 Italy Service Text-to-Speech (TTS) Market by Service Type
10.3.8.4.3 Market size and forecast, by Deployment Model
10.3.8.4.4 Market size and forecast, by Type
10.3.8.4.5 Market size and forecast, by Lanuage
10.3.8.4.6 Market size and forecast, by Enterprise Size
10.3.8.4.7 Market size and forecast, by Industry Vertical
10.3.8.4.7.1 Italy Education Text-to-Speech (TTS) Market by Sector
10.3.8.5 Spain
10.3.8.5.1 Key market trends, growth factors and opportunities
10.3.8.5.2 Market size and forecast, by Offering
10.3.8.5.2.1 Spain Service Text-to-Speech (TTS) Market by Service Type
10.3.8.5.3 Market size and forecast, by Deployment Model
10.3.8.5.4 Market size and forecast, by Type
10.3.8.5.5 Market size and forecast, by Lanuage
10.3.8.5.6 Market size and forecast, by Enterprise Size
10.3.8.5.7 Market size and forecast, by Industry Vertical
10.3.8.5.7.1 Spain Education Text-to-Speech (TTS) Market by Sector
10.3.8.6 Netherlands
10.3.8.6.1 Key market trends, growth factors and opportunities
10.3.8.6.2 Market size and forecast, by Offering
10.3.8.6.2.1 Netherlands Service Text-to-Speech (TTS) Market by Service Type
10.3.8.6.3 Market size and forecast, by Deployment Model
10.3.8.6.4 Market size and forecast, by Type
10.3.8.6.5 Market size and forecast, by Lanuage
10.3.8.6.6 Market size and forecast, by Enterprise Size
10.3.8.6.7 Market size and forecast, by Industry Vertical
10.3.8.6.7.1 Netherlands Education Text-to-Speech (TTS) Market by Sector
10.3.8.7 Rest of Europe
10.3.8.7.1 Key market trends, growth factors and opportunities
10.3.8.7.2 Market size and forecast, by Offering
10.3.8.7.2.1 Rest of Europe Service Text-to-Speech (TTS) Market by Service Type
10.3.8.7.3 Market size and forecast, by Deployment Model
10.3.8.7.4 Market size and forecast, by Type
10.3.8.7.5 Market size and forecast, by Lanuage
10.3.8.7.6 Market size and forecast, by Enterprise Size
10.3.8.7.7 Market size and forecast, by Industry Vertical
10.3.8.7.7.1 Rest of Europe Education Text-to-Speech (TTS) Market by Sector
10.4 Asia-Pacific
10.4.1 Key trends and opportunities
10.4.2 Asia-Pacific Market size and forecast, by Offering
10.4.2.1 Asia-Pacific Service Text-to-Speech (TTS) Market by Service Type
10.4.3 Asia-Pacific Market size and forecast, by Deployment Model
10.4.4 Asia-Pacific Market size and forecast, by Type
10.4.5 Asia-Pacific Market size and forecast, by Lanuage
10.4.6 Asia-Pacific Market size and forecast, by Enterprise Size
10.4.7 Asia-Pacific Market size and forecast, by Industry Vertical
10.4.7.1 Asia-Pacific Education Text-to-Speech (TTS) Market by Sector
10.4.8 Asia-Pacific Market size and forecast, by country
10.4.8.1 China
10.4.8.1.1 Key market trends, growth factors and opportunities
10.4.8.1.2 Market size and forecast, by Offering
10.4.8.1.2.1 China Service Text-to-Speech (TTS) Market by Service Type
10.4.8.1.3 Market size and forecast, by Deployment Model
10.4.8.1.4 Market size and forecast, by Type
10.4.8.1.5 Market size and forecast, by Lanuage
10.4.8.1.6 Market size and forecast, by Enterprise Size
10.4.8.1.7 Market size and forecast, by Industry Vertical
10.4.8.1.7.1 China Education Text-to-Speech (TTS) Market by Sector
10.4.8.2 Japan
10.4.8.2.1 Key market trends, growth factors and opportunities
10.4.8.2.2 Market size and forecast, by Offering
10.4.8.2.2.1 Japan Service Text-to-Speech (TTS) Market by Service Type
10.4.8.2.3 Market size and forecast, by Deployment Model
10.4.8.2.4 Market size and forecast, by Type
10.4.8.2.5 Market size and forecast, by Lanuage
10.4.8.2.6 Market size and forecast, by Enterprise Size
10.4.8.2.7 Market size and forecast, by Industry Vertical
10.4.8.2.7.1 Japan Education Text-to-Speech (TTS) Market by Sector
10.4.8.3 Australia
10.4.8.3.1 Key market trends, growth factors and opportunities
10.4.8.3.2 Market size and forecast, by Offering
10.4.8.3.2.1 Australia Service Text-to-Speech (TTS) Market by Service Type
10.4.8.3.3 Market size and forecast, by Deployment Model
10.4.8.3.4 Market size and forecast, by Type
10.4.8.3.5 Market size and forecast, by Lanuage
10.4.8.3.6 Market size and forecast, by Enterprise Size
10.4.8.3.7 Market size and forecast, by Industry Vertical
10.4.8.3.7.1 Australia Education Text-to-Speech (TTS) Market by Sector
10.4.8.4 South Korea
10.4.8.4.1 Key market trends, growth factors and opportunities
10.4.8.4.2 Market size and forecast, by Offering
10.4.8.4.2.1 South Korea Service Text-to-Speech (TTS) Market by Service Type
10.4.8.4.3 Market size and forecast, by Deployment Model
10.4.8.4.4 Market size and forecast, by Type
10.4.8.4.5 Market size and forecast, by Lanuage
10.4.8.4.6 Market size and forecast, by Enterprise Size
10.4.8.4.7 Market size and forecast, by Industry Vertical
10.4.8.4.7.1 South Korea Education Text-to-Speech (TTS) Market by Sector
10.4.8.5 India
10.4.8.5.1 Key market trends, growth factors and opportunities
10.4.8.5.2 Market size and forecast, by Offering
10.4.8.5.2.1 India Service Text-to-Speech (TTS) Market by Service Type
10.4.8.5.3 Market size and forecast, by Deployment Model
10.4.8.5.4 Market size and forecast, by Type
10.4.8.5.5 Market size and forecast, by Lanuage
10.4.8.5.6 Market size and forecast, by Enterprise Size
10.4.8.5.7 Market size and forecast, by Industry Vertical
10.4.8.5.7.1 India Education Text-to-Speech (TTS) Market by Sector
10.4.8.6 Rest of Asia-Pacific
10.4.8.6.1 Key market trends, growth factors and opportunities
10.4.8.6.2 Market size and forecast, by Offering
10.4.8.6.2.1 Rest of Asia-Pacific Service Text-to-Speech (TTS) Market by Service Type
10.4.8.6.3 Market size and forecast, by Deployment Model
10.4.8.6.4 Market size and forecast, by Type
10.4.8.6.5 Market size and forecast, by Lanuage
10.4.8.6.6 Market size and forecast, by Enterprise Size
10.4.8.6.7 Market size and forecast, by Industry Vertical
10.4.8.6.7.1 Rest of Asia-Pacific Education Text-to-Speech (TTS) Market by Sector
10.5 LAMEA
10.5.1 Key trends and opportunities
10.5.2 LAMEA Market size and forecast, by Offering
10.5.2.1 LAMEA Service Text-to-Speech (TTS) Market by Service Type
10.5.3 LAMEA Market size and forecast, by Deployment Model
10.5.4 LAMEA Market size and forecast, by Type
10.5.5 LAMEA Market size and forecast, by Lanuage
10.5.6 LAMEA Market size and forecast, by Enterprise Size
10.5.7 LAMEA Market size and forecast, by Industry Vertical
10.5.7.1 LAMEA Education Text-to-Speech (TTS) Market by Sector
10.5.8 LAMEA Market size and forecast, by country
10.5.8.1 Latin America
10.5.8.1.1 Key market trends, growth factors and opportunities
10.5.8.1.2 Market size and forecast, by Offering
10.5.8.1.2.1 Latin America Service Text-to-Speech (TTS) Market by Service Type
10.5.8.1.3 Market size and forecast, by Deployment Model
10.5.8.1.4 Market size and forecast, by Type
10.5.8.1.5 Market size and forecast, by Lanuage
10.5.8.1.6 Market size and forecast, by Enterprise Size
10.5.8.1.7 Market size and forecast, by Industry Vertical
10.5.8.1.7.1 Latin America Education Text-to-Speech (TTS) Market by Sector
10.5.8.2 Middle East
10.5.8.2.1 Key market trends, growth factors and opportunities
10.5.8.2.2 Market size and forecast, by Offering
10.5.8.2.2.1 Middle East Service Text-to-Speech (TTS) Market by Service Type
10.5.8.2.3 Market size and forecast, by Deployment Model
10.5.8.2.4 Market size and forecast, by Type
10.5.8.2.5 Market size and forecast, by Lanuage
10.5.8.2.6 Market size and forecast, by Enterprise Size
10.5.8.2.7 Market size and forecast, by Industry Vertical
10.5.8.2.7.1 Middle East Education Text-to-Speech (TTS) Market by Sector
10.5.8.3 Africa
10.5.8.3.1 Key market trends, growth factors and opportunities
10.5.8.3.2 Market size and forecast, by Offering
10.5.8.3.2.1 Africa Service Text-to-Speech (TTS) Market by Service Type
10.5.8.3.3 Market size and forecast, by Deployment Model
10.5.8.3.4 Market size and forecast, by Type
10.5.8.3.5 Market size and forecast, by Lanuage
10.5.8.3.6 Market size and forecast, by Enterprise Size
10.5.8.3.7 Market size and forecast, by Industry Vertical
10.5.8.3.7.1 Africa Education Text-to-Speech (TTS) Market by Sector

CHAPTER 11: COMPANY LANDSCAPE
11.1. Introduction
11.2. Top winning strategies
11.3. Product Mapping of Top 10 Player
11.4. Competitive Dashboard
11.5. Competitive Heatmap
11.6. Key developments

CHAPTER 12: COMPANY PROFILES
12.1 Nuance Communication
12.1.1 Company overview
12.1.2 Company snapshot
12.1.3 Operating business segments
12.1.4 Product portfolio
12.1.5 Business performance
12.1.6 Key strategic moves and developments
12.2 IBM Corporation
12.2.1 Company overview
12.2.2 Company snapshot
12.2.3 Operating business segments
12.2.4 Product portfolio
12.2.5 Business performance
12.2.6 Key strategic moves and developments
12.3 Microsoft Corporation
12.3.1 Company overview
12.3.2 Company snapshot
12.3.3 Operating business segments
12.3.4 Product portfolio
12.3.5 Business performance
12.3.6 Key strategic moves and developments
12.4 GL Communications
12.4.1 Company overview
12.4.2 Company snapshot
12.4.3 Operating business segments
12.4.4 Product portfolio
12.4.5 Business performance
12.4.6 Key strategic moves and developments
12.5 Acapela Group
12.5.1 Company overview
12.5.2 Company snapshot
12.5.3 Operating business segments
12.5.4 Product portfolio
12.5.5 Business performance
12.5.6 Key strategic moves and developments
12.6 Amazon. Com
12.6.1 Company overview
12.6.2 Company snapshot
12.6.3 Operating business segments
12.6.4 Product portfolio
12.6.5 Business performance
12.6.6 Key strategic moves and developments
12.7 CereProc
12.7.1 Company overview
12.7.2 Company snapshot
12.7.3 Operating business segments
12.7.4 Product portfolio
12.7.5 Business performance
12.7.6 Key strategic moves and developments
12.8 Google, Inc.
12.8.1 Company overview
12.8.2 Company snapshot
12.8.3 Operating business segments
12.8.4 Product portfolio
12.8.5 Business performance
12.8.6 Key strategic moves and developments
12.9 iFlytek
12.9.1 Company overview
12.9.2 Company snapshot
12.9.3 Operating business segments
12.9.4 Product portfolio
12.9.5 Business performance
12.9.6 Key strategic moves and developments
12.10 iSpeech
12.10.1 Company overview
12.10.2 Company snapshot
12.10.3 Operating business segments
12.10.4 Product portfolio
12.10.5 Business performance
12.10.6 Key strategic moves and developments
12.11 LumenVox LLC
12.11.1 Company overview
12.11.2 Company snapshot
12.11.3 Operating business segments
12.11.4 Product portfolio
12.11.5 Business performance
12.11.6 Key strategic moves and developments
12.12 NextUp Technologies
12.12.1 Company overview
12.12.2 Company snapshot
12.12.3 Operating business segments
12.12.4 Product portfolio
12.12.5 Business performance
12.12.6 Key strategic moves and developments
12.13 Readspeaker
12.13.1 Company overview
12.13.2 Company snapshot
12.13.3 Operating business segments
12.13.4 Product portfolio
12.13.5 Business performance
12.13.6 Key strategic moves and developments
12.14 Sestek
12.14.1 Company overview
12.14.2 Company snapshot
12.14.3 Operating business segments
12.14.4 Product portfolio
12.14.5 Business performance
12.14.6 Key strategic moves and developments
12.15 Sensory, Inc.
12.15.1 Company overview
12.15.2 Company snapshot
12.15.3 Operating business segments
12.15.4 Product portfolio
12.15.5 Business performance
12.15.6 Key strategic moves and developments
12.16 TextSpeak
12.16.1 Company overview
12.16.2 Company snapshot
12.16.3 Operating business segments
12.16.4 Product portfolio
12.16.5 Business performance
12.16.6 Key strategic moves and developments
12.17 Deepdub
12.17.1 Company overview
12.17.2 Company snapshot
12.17.3 Operating business segments
12.17.4 Product portfolio
12.17.5 Business performance
12.17.6 Key strategic moves and developments
12.18 Neosapience
12.18.1 Company overview
12.18.2 Company snapshot
12.18.3 Operating business segments
12.18.4 Product portfolio
12.18.5 Business performance
12.18.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Text-to-Speech (TTS) Market,' the text-to-speech (tts) market was valued at $2.8 billion in 2021, and is estimated to reach $12.5 billion by 2031, growing at a CAGR of 16.3% from 2022 to 2031.

Text-To-Speech is a service that recognizes natural language and converts it into audible production along with intonation and cadence. To generate synthesized audio output, the text language should match the voice language. In addition, it helps to increase productivity in many businesses, such as in healthcare industries it can capture speech much faster than manual type.

Furthermore, rising preference for handheld devices and the increasing number of people suffering from visual impairments and learning disabilities propels growth of the global text-to-speech market. In addition, rising adoption of voice assistants & smart speakers to aid growth fuel growth of the text-to-speech market. However, privacy issues to impede adoption of voice-enabled application and complexity in generating prosody and pronunciation of naturally occurring speech is expected to impede the text-to-speech market growth. Furthermore, increase in use of digital transformation technology is expected to offer remunerative opportunities for expansion during the text-to-speech market forecast.

Depending on enterprise size, the large enterprise segment holds the largest text-to-speech market share as large enterprises are adopting text-to-speech to improve training modules. However, the SMEs segment is expected to grow at the highest rate during the forecast period, owing to increase adoption of cloud computing in the past few years.

Region-wise, the text-to-speech market size was dominated by North America in 2021, and is expected to retain its position during the forecast period, large scale adoption of IoT, AI and cloud services. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to rising adoption of voice-activated technology.

The COVID-19 pandemic is expected to positively impact the overall economy of the TTS market, owing to surge in need for analyzing large data sets of information and to reduce risks and costs related to services and achieve superior results. In addition, technologies such as IoT, artificial intelligence, machine learning and other voice assistants collate massive volume of data to generate significant insights, which can provide cost-saving opportunities, thus propelling the growth of the market. Moreover, investments in deep learning are becoming popular day-by-day, owing to increase in attention toward data to help companies to find out the future performance of the firm to take corrective measures at an early stage in case of any probable crisis in future, which, in turn, is contributing toward the growth of the TTS market. Furthermore, algorithms used for getting meaningful insights from real-time and historical data are helping companies in handling various critical issues related to customer insights during COVID-19 pandemic, which is driving the growth of the text-to-speech industry.

KEY FINDINGS OF THE STUDY

By offering, the software segment accounted for the largest text-to-speech market share in 2021.

Region wise, North America generated highest revenue in 2021.

Depending on enterprise size, the large enterprise generated the highest revenue in 2021.

The key players profiled in the text-to-speech market analysis are Acapela Group, Amazon.Com, CereProc, Google, Inc., IBM Corporation, iFlytek, iSpeech, LumenVox LLC, Microsoft Corporation, NextUp Technologies, Nuance Communications, Readspeaker, Sestek, Sensory, Inc., TextSpeak, Deepdub, Neosapience. These players have adopted various strategies to increase their market penetration and strengthen their position in the text-to-speech industry.

Companies Mentioned

• Nuance Communication
• IBM Corporation
• Microsoft Corporation
• Gl Communications
• Acapela Group
• Amazon.Com
• Cereproc
• Google, Inc.
• Iflytek
• Ispeech
• Lumenvox LLC
• Nextup Technologies
• Readspeaker
• Sestek
• Sensory, Inc.
• Textspeak
• Deepdub
• Neosapience

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.