Global Text-to-Speech Market Size study, By Component (Software/Solution, Services), By Deployment Mode (Cloud based, On-Premise), By Type (Non-neural, Neural and Custom), By Vertical (Consumer, Automotive & Transportation, Healthcare, Education, BFSI, Retail, Enterprise, Travel and Hospitality, Others), and Regional Forecasts 2022-2028
- BIZ4957094
- 200 Pages
- May 2022
- ICT & Media
Text-to-speech is a variety of services that comprehends natural language and creates audio output full of cadence and intonation. Text-to-speech is used to convert the written content of any mobile apps, online documents, e-books, website, and e-learning tools to audio output. The increasing government expenditure on education of differently-abled students, the rising number of people with different learning disabilities, coupled with surging adoption of various handheld devices like smartphones are the chief driving factors for the global market growth. For instance, according to Statista, there were nearly 6,259 million smartphone subscriptions were accounted for globally. Also, the amount is anticipated to grow to 7,690 million smartphone subscriptions by 2027. Consequentially, rapid penetration of smartphones is likely to fuel the demand for text-to-speech, which, in turn, impels the market growth around the world. However, the creation of a generic acoustic database that includes language variations and complexity in generating prosody and pronunciation of naturally occurring speech impedes the growth of the market over the forecast period of 2022-2028. Also, seamless communication between human beings and robots and a rising inclination toward cloud-based deployment mode are anticipated to act as a catalyzing factor for the market demand during the forecast period.
The key regions considered for the global Text-to-Speech Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing spending on technological development by the leading market players and increasing AI penetration among enterprises for boosting customer experience and industry performance. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as increasing adoption of AI, analytics, and IoT devices, as well as growing awareness for voice-activated technology in the countries like Australia, India, Indonesia, China, Japan, and Singapore, would create lucrative growth prospects for the Text-to-Speech Market across the Asia-Pacific region.
Major market players included in this report are:
Nuance Communication, Inc
Microsoft Corporation
IBM Corporation
Google, Inc.
Sensory Inc.
Amazon.Com, Inc.
LumenVox LLC
Acapela Group
Nextup Technologies Pvt. Ltd.
Nexmo Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Software/Solution
Services
By Deployment Mode
Cloud based
On-Premise
By Type:
Non-neural
Neural and Custom
By Vertical:
Consumer
Automotive & Transportation
Healthcare
Education
BFSI
Retail
Enterprise
Travel and Hospitality
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Text-to-Speech Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Global Text-to-Speech Market, by Region, 2020-2028 (USD Billion)
1.2.2. Global Text-to-Speech Market, by Component, 2020-2028 (USD Billion)
1.2.3. Global Text-to-Speech Market, by Deployment Mode, 2020-2028 (USD Billion)
1.2.4. Global Text-to-Speech Market, by Type, 2020-2028 (USD Billion)
1.2.5. Global Text-to-Speech Market, by Vertical, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Text-to-Speech Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Text-to-Speech Market Dynamics
3.1. Text-to-Speech Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Growing government spending on education of differently-abled students
3.1.1.2. Rising preference for handheld devices
3.1.2. Market Challenges
3.1.2.1. Creation of a generic acoustic database that includes language variations
3.1.2.2. Complexity in generating prosody and pronunciation of naturally occurring speech
3.1.3. Market Opportunities
3.1.3.1. Seamless communication between human beings and robots
3.1.3.2. Rising inclination toward cloud-based deployment mode
Chapter 4. Global Text-to-Speech Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Text-to-Speech Market, by Component
6.1. Market Snapshot
6.2. Global Text-to-Speech Market by Component, Performance - Potential Analysis
6.3. Global Text-to-Speech Market Estimates & Forecasts by Component 2018-2028 (USD Billion)
6.4. Text-to-Speech Market, Sub Segment Analysis
6.4.1. Software/Solution
6.4.2. Services
Chapter 7. Global Text-to-Speech Market, by Deployment Mode
7.1. Market Snapshot
7.2. Global Text-to-Speech Market by Deployment Mode, Performance - Potential Analysis
7.3. Global Text-to-Speech Market Estimates & Forecasts by Deployment Mode 2018-2028 (USD Billion)
7.4. Text-to-Speech Market, Sub Segment Analysis
7.4.1. Cloud based
7.4.2. On-Premise
Chapter 8. Global Text-to-Speech Market, by Type
8.1. Market Snapshot
8.2. Global Text-to-Speech Market by Type, Performance - Potential Analysis
8.3. Global Text-to-Speech Market Estimates & Forecasts by Type 2018-2028 (USD Billion)
8.4. Text-to-Speech Market, Sub Segment Analysis
8.4.1. Non-neural
8.4.2. Neural and Custom
Chapter 9. Global Text-to-Speech Market, by Vertical
9.1. Market Snapshot
9.2. Global Text-to-Speech Market by Vertical, Performance - Potential Analysis
9.3. Global Text-to-Speech Market Estimates & Forecasts by Vertical 2018-2028 (USD Billion)
9.4. Text-to-Speech Market, Sub Segment Analysis
9.4.1. Consumer
9.4.2. Automotive & Transportation
9.4.3. Healthcare
9.4.4. Education
9.4.5. BFSI
9.4.6. Retail
9.4.7. Enterprise
9.4.8. Travel and Hospitality
9.4.9. Others
Chapter 10. Global Text-to-Speech Market, Regional Analysis
10.1. Text-to-Speech Market, Regional Market Snapshot
10.2. North America Text-to-Speech Market
10.2.1. U.S. Text-to-Speech Market
10.2.1.1. Component estimates & forecasts, 2018-2028
10.2.1.2. Deployment Mode estimates & forecasts, 2018-2028
10.2.1.3. Type estimates & forecasts, 2018-2028
10.2.1.4. Vertical estimates & forecasts, 2018-2028
10.2.2. Canada Text-to-Speech Market
10.3. Europe Text-to-Speech Market Snapshot
10.3.1. U.K. Text-to-Speech Market
10.3.2. Germany Text-to-Speech Market
10.3.3. France Text-to-Speech Market
10.3.4. Spain Text-to-Speech Market
10.3.5. Italy Text-to-Speech Market
10.3.6. Rest of Europe Text-to-Speech Market
10.4. Asia-Pacific Text-to-Speech Market Snapshot
10.4.1. China Text-to-Speech Market
10.4.2. India Text-to-Speech Market
10.4.3. Japan Text-to-Speech Market
10.4.4. Australia Text-to-Speech Market
10.4.5. South Korea Text-to-Speech Market
10.4.6. Rest of Asia Pacific Text-to-Speech Market
10.5. Latin America Text-to-Speech Market Snapshot
10.5.1. Brazil Text-to-Speech Market
10.5.2. Mexico Text-to-Speech Market
10.6. Rest of The World Text-to-Speech Market
Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Nuance Communication, Inc
11.2.1.1. Key Information
11.2.1.2. Overview
11.2.1.3. Financial (Subject to Data Availability)
11.2.1.4. Product Summary
11.2.1.5. Recent Developments
11.2.2. Microsoft Corporation
11.2.3. IBM Corporation
11.2.4. Google, Inc.
11.2.5. Sensory Inc.
11.2.6. Amazon.Com, Inc.
11.2.7. LumenVox LLC
11.2.8. Acapela Group
11.2.9. Nextup Technologies Pvt. Ltd.
11.2.10. Nexmo Inc.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption
TABLE 1. Global Text-to-Speech Market, report scope
TABLE 2. Global Text-to-Speech Market estimates & forecasts by Region 2018-2028 (USD Billion)
TABLE 3. Global Text-to-Speech Market estimates & forecasts by Component 2018-2028 (USD Billion)
TABLE 4. Global Text-to-Speech Market estimates & forecasts by Deployment Mode 2018-2028 (USD Billion)
TABLE 5. Global Text-to-Speech Market estimates & forecasts by Type 2018-2028 (USD Billion)
TABLE 6. Global Text-to-Speech Market estimates & forecasts by Vertical 2018-2028 (USD Billion)
TABLE 7. Global Text-to-Speech Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 8. Global Text-to-Speech Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 9. Global Text-to-Speech Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 10. Global Text-to-Speech Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 11. Global Text-to-Speech Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 12. Global Text-to-Speech Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 13. Global Text-to-Speech Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 14. Global Text-to-Speech Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 15. Global Text-to-Speech Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 16. Global Text-to-Speech Market by region, estimates & forecasts, 2018-2028 (USD Billion)
TABLE 17. U.S. Text-to-Speech Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 18. U.S. Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 19. U.S. Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 20. Canada Text-to-Speech Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 21. Canada Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 22. Canada Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 23. UK Text-to-Speech Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 24. UK Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 25. UK Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 26. Germany Text-to-Speech Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 27. Germany Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 28. Germany Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 29. RoE Text-to-Speech Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 30. RoE Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 31. RoE Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 32. China Text-to-Speech Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 33. China Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 34. China Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 35. India Text-to-Speech Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 36. India Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 37. India Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 38. Japan Text-to-Speech Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 39. Japan Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 40. Japan Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 41. RoAPAC Text-to-Speech Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 42. RoAPAC Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 43. RoAPAC Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 44. Brazil Text-to-Speech Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 45. Brazil Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 46. Brazil Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 47. Mexico Text-to-Speech Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 48. Mexico Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 49. Mexico Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 50. RoLA Text-to-Speech Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 51. RoLA Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 52. RoLA Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 53. Row Text-to-Speech Market estimates & forecasts, 2018-2028 (USD Billion)
TABLE 54. Row Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 55. Row Text-to-Speech Market estimates & forecasts by segment 2018-2028 (USD Billion)
TABLE 56. List of secondary sources, used in the study of global Text-to-Speech Market
TABLE 57. List of primary sources, used in the study of global Text-to-Speech Market
TABLE 58. Years considered for the study
TABLE 59. Exchange rates considered
Similar Reports
The netbook sales in India have been growing strongly with major demand from the home segment. Personal computer market is expected to grow as the economy is recovering from the recession. The newest addition to this consumer product group is notebooks and netbooks. However, it has been seen that there is no clear demarcation between inexpensive notebook and netbook as an upgraded version of a net...
- Publish Date: January 18, 2011
- $950
The Online Movie Rental market in India is at a nascent stage. The market is estimated at INR 601 mn in 2008 and shows huge potential due to a large untapped consumer base. The changing perceptions of people towards entertainment along with a rise in their disposable income and internet usage have driven the market. The report begins with a market overview section that provides an insight into t...
- Publish Date: March 7, 2011
- $950
Local search market in India is a common platform for advertising used by business entities. It has an offline and an online category. Local search space provides a platform to the small and medium scale enterprises to advertise with regards to their products and services through local search engines and print directories such as yellow pages. The report begins with the market overview section wh...
- Publish Date: June 27, 2011
- $950
