Market Analysis and Size

The number of people with a learning disability or difficulty is quite large at the moment, and making online content audible actually expands the user base. The proportion of the population over the age of 60 has steadily increased, indicating an increased risk of vision loss. Text-to-speech technology has proven to be highly beneficial for people with low vision, as it allows them to fully comprehend the content.

 Text-to-speech market was valued at USD 2.06 billion in 2021 and is expected to reach the value of USD 17.01 billion by 2029, at a CAGR of 30.20% during the forecast period of 2022-2029.

Market Definition

Text-to-speech technology is also known as read aloud technology. It is a type of assistive technology that reads words from smartphones, computers, and other digital platforms. It is a technology that is based on software. It is popular among people who have difficulty reading

Segments Covered

Type (Non-Neural, Neural, and Custom), Component (Software/Solution, and Services), Language (English, Spanish, Arabic, Chinese, and Others), Deployment Mode (Cloud based and On-Premise), Organization (Small, Medium Enterprise, and Large Enterprise) and End-Use (Introduction, Consumer, Healthcare, Automotive & Transportation, Education, BFSI, Assistant tool for visually impaired or disabilities, Travel and Hospitality, Retail, Enterprise, and Others

Countries Covered

·         U.S.,

·         Canada,

·         Mexico,

·         U.K.,

·         Germany,

·         France,

·         Spain,

·         Italy,

·         Netherlands,

·         Switzerland,

·         Russia,

·         Belgium,

·         Turkey,

·         Rest of Europe,

·         China,

·         South Korea,

·         Japan, India,

·         Australia,

·         Singapore,

·         Malaysia,

·         Indonesia,

·         Thailand,

·         Philippines,

·         Rest of Asia-Pacific,

·         South Africa,

·         Saudi Arabia,

·         U.A.E.,

·         Israel,

·         Egypt,

·         Rest of Middle East and Africa,

·         Brazil,

·         Argentina and Rest of South America

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Some of the major players operating in the text-to-speech market are:

·         Nuance Communications (U.S.)

·         Google LLC (U.S.)

·         Apple, Inc. (U.S.)

·         Amazon.com, Inc. (U.S.)

·         Microsoft Corporation (U.S.)

·         IBM Corporation (U.S.)

·         iFlytek (China)

·         Baidu (China)

·         LumenVox LLC (U.S.)

·         Sensory, Inc. (U.S.)

·         Sestek (Turkey)

·         Dolbey Systems, Inc. (U.S.)

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major toc of the report

1.         INTRODUCTION

2.         MARKET SEGMENTATION

3.         EXECUTIVE SUMMARY

4.         PREMIUM INSIGHTS

5.         MARKET OVERVIEW

6.         COMPANY OVERVIEW

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