Global Text-to-Speech Market 2023-2030

Global Text-to-Speech Market 2023-2030-By Offering (Software/Solution, and Services (Update and Maintenance Services, Integration Services, and Training and Support); By Type (No-Neural TTS and Neural TTS); By Language Supported (Arabic, Chinese, English, French, Spanish, and Others); By Deployment (On-Premise and Cloud); By Organization Size (Small and medium enterprises (SMEs) and Large Enterprises); By End-User Industry (Automotive & Transportation, BFSI, Consumer, Education, Individuals with disabilities, Travel and Hospitality, Retail, and Others); By Geography (APAC, Americas, Europe, and MEA).

Category:

DESCRIPTION

Market Intelligence Summary

According to WDO Consulting, the Text-to-Speech (TTS) market was valued at $XX million in 2023, which is expected to reach $XX Million by 2030, growing at a compound annual growth rate (CAGR) of XX% during 2023-2030. Text-to-speech (TTS) software is a rapidly growing technology that converts written text into spoken audio. This technology is in high demand for a variety of applications, including accessibility, education, customer service, content creation, and translation.
One key perspective on this growing demand is the emphasis on inclusivity. Speech synthesis software addresses the needs of individuals with visual impairments, learning disabilities, or those who prefer auditory learning.
The surge in remote work and online education due to global events has also accelerated the adoption of Education TTS in content creation. Bloggers, podcasters, and educators are leveraging Content creation TTS technology to transform written content into engaging audio formats, reaching audiences in a more dynamic way.
Businesses and organizations are increasingly looking for ways to personalize their interactions with customers and employees, and Multilingual TTS can be used to create personalized interactions that are tailored to individual needs and preferences.AI is being used to develop more realistic and natural-sounding TTS voices, which is making TTS software more appealing to a wider range of users.

Global Text-to-Speech Market Research Report Coverage (2023-2030)

Report coverage Details
Base year 2023
Forecast year 2030
Revenue USD million
By offering (USD million)
  • Services
    • Update and Maintenance Services
    • Integration services
    • Training and support
  • Software/Solution
By type (USD million)
  • Non-neural TTS
  • Neural TTS
By language supported (USD million)
  • Arabic
  • Chinese
  • English
  • French
  • Spanish
  • Others
By deployment (USD million)
  • On-premise
  • Cloud
By organization size (USD million)
  • Small and medium enterprises (SMEs)
  • Large enterprises
By end-user industry (Thousand units & USD million)
  • Automotive & Transportation
  • BFSI
  • Consumer
  • Education
  • Individuals with disabilities
  • Travel and Hospitality
  • Retail
  • Others
By geography(USD million)
  • Americas-US, Canada, Mexico, Brazil, Argentina, and Rest of Americas
  • Europe-Germany, UK, France, Italy, Nordic Countries (Sweden, Norway, Denmark, Finland), and Rest of Europe
  • APAC-China, Japan, India, South Korea, Australia, and Rest of APAC
  • MEA-UAE, Saudi Arabia, Qatar, Rest of Middle East, and Africa
Market players coverage (Top 5 players market share)
  • Acapela Group
  • Amazon Web Services
  • CereProc
  • FineShare
  • Google
  • IBM
  • iFLYTEK
  • iSpeech
  • Listnr
  • LOVO
  • Microsoft
  • MURF.AI
  • NaturalReader
  • Nuance Communications
  • ReadSpeaker
  • ResponsiveVoice
  • Speechmatics
  • Synthesia
  • Xpeacho
  • Texthelp
  • Wavel.ai

Market Dynamics: Key drivers, trends, and challenges

  • Key market drivers
    • Growing demand for customer service automation
    • Advancements in artificial intelligence (AI)
    • Growing demand for personalized content
  • Key market trends
    • Increased adoption of voice-activated devices
    • Development of TTS solutions with improved support for multiple languages
    • Continued advancements in deep learning techniques and neural TTS architectures
  • Key market challenges
    • Integrating the TTS solution with existing systems
    • Ensuring that TTS solutions work consistently across various devices
    • Adapting TTS systems to handle various accents, dialects, and language nuances

Key questions to be answered

1. What is the current market size of the Global Text-to-Speech Market, and what is its growth potential over the next five years?
2. What is the Compound Annual Growth Rate (CAGR) of the Global Text-to-Speech market?
3. Which are the key segments covered in the Global Text-to-Speech Market, and which segments are experiencing the fastest growth?
4. Which geographical region offers the highest growth opportunities in the Global Text-to-Speech Market?
5. How is the competitive landscape evolving, and who are the key players in the Global Text-to-Speech Market?
6. Who are the top five players in the Global Text-to-Speech Market, and what is their respective market share?
7. How are AI and machine learning transforming the Global Text-to-Speech Market landscape?

TABLE OF CONTENTS

  • 1. Project scope
    • 1.1 Market definition
    • 1.2 Study objective
    • 1.3 Scope inclusions
    • 1.4 Scope exclusions
    • 1.5 Assumptions
    • 1.6 Limitations
  • 2. Executive summary
    • 2.1 Key findings of the study
    • 2.2 Key insights from industry experts
    • 2.3 Analyst opinion
  • 3. Research methodology
    • 3.1 Supply-side research methodology
    • 3.2 Demand-side research methodology
  • 4. Market dynamics
    • 4.1 Trends
    • 4.2 Drivers
    • 4.3 Challenges
    • 4.4 Ecosystem
    • 4.5 Use cases
    • 4.6 Market developments
      • 4.6.1 Macroeconomic factors
        • 4.6.1.1 Currency fluctuations
        • 4.6.1.2 Supply chain disruptions
        • 4.6.1.3 Government regulations
        • 4.6.1.4 Others
      • 4.6.2 Microeconomic factors
        • 4.6.2.1 Price fluctuations
        • 4.6.2.2 Technological advancements
  • 5. Global Text-to-Speech market size and forecast, by offering
    • 5.1 Service revenue 2023-2030 (USD million)
      • 5.1.1 Update and Maintenance Services
      • 5.1.2 Integration services
      • 5.1.3 Training and support
    • 5.2 Revenue 2023-2030 (USD million)
      • 5.2.1 Software/Solutions
  • 6. Global Text-to-Speech market size and forecast, by type
    • 6.1 Revenue 2023-2030 (USD million)
      • 6.1.1 Non-neural TTS
      • 6.1.2 Neural TTS
  • 7. Global Text-to-Speech market size and forecast, by language supported
    • 7.1 Revenue 2023-2030 (USD million)
      • 7.1.1 Arabic
      • 7.1.2 Chinese
      • 7.1.3 English
      • 7.1.4 French
      • 7.1.5 Spanish
      • 7.1.6 Others
  • 8. Global Text-to-Speech market size and forecast, by deployment
    • 8.1 Revenue 2023-2030 (USD million)
      • 8.1.1 On-premise
      • 8.1.2 Cloud
  • 9. Global Text-to-Speech market size and forecast, by organization size
    • 9.1 Revenue 2023-2030 (USD million)
      • 9.1.1 Small and medium enterprises (SMEs)
      • 9.1.2 Large enterprises
  • 10. Global Text-to-Speech market size and forecast, by end-user industry
    • 10.1 Revenue 2023-2030 (USD million)
      • 10.1.1 Automotive & Transportation
      • 10.1.2 BFSI
      • 10.1.3 Consumer
      • 10.1.4 Education
      • 10.1.5 Individuals with disabilities
      • 10.1.6 Travel and Hospitality
      • 10.1.7 Retail
      • 10.1.8 Others
  • 11. Global Text-to-Speech market size and forecast, by geography
    • 11.1 Americas
      • 11.1.1 US
      • 11.1.2 Canada
      • 11.1.3 Mexico
      • 11.1.4 Brazil
      • 11.1.5 Argentina
      • 11.1.6 Rest of Americas
    • 11.2 Europe
      • 11.2.1 Germany
      • 11.2.2 UK
      • 11.2.3 France
      • 11.2.4 Italy
      • 11.2.5 Nordic countries (Sweden, Norway, Denmark, Finland)
      • 11.2.6 Rest of Europe
    • 11.3 APAC
      • 11.3.1 China
      • 11.3.2 Japan
      • 11.3.3 India
      • 11.3.4 South Korea
      • 11.3.5 Australia
      • 11.3.6 Rest of APAC
    • 11.4 MEA
      • 11.4.1 UAE
      • 11.4.2 Saudi Arabia
      • 11.4.3 Qatar
      • 11.4.4 Rest of Middle East
      • 11.4.5 Africa
  • 12. Competitive scenario
    • 12.1 Market concentration
    • 12.2 Top five companies market share 2023
    • 12.3 Key strategies
    • 12.4 Key investments
  • 13. Company profiles
    • 13.1 Acapela Group
      • 13.1.1 Business overview
      • 13.1.2 Product portfolio
      • 13.1.3 Key developments
    • 13.2 Amazon Web Services
      • 13.2.1 Business overview
      • 13.2.2 Product portfolio
      • 13.2.3 Key developments
    • 13.3 CereProc
      • 13.3.1 Business overview
      • 13.3.2 Product portfolio
      • 13.3.3 Key developments
    • 13.4 FineShare
      • 13.4.1 Business overview
      • 13.4.2 Product portfolio
      • 13.4.3 Key developments
    • 13.5 Google
      • 13.5.1 Business overview
      • 13.5.2 Product portfolio
      • 13.5.3 Key developments
    • 13.6 IBM
      • 13.6.1 Business overview
      • 13.6.2 Product portfolio
      • 13.6.3 Key developments
    • 13.7 iFLYTEK
      • 13.7.1 Business overview
      • 13.7.2 Product portfolio
      • 13.7.3 Key developments
    • 13.8 iSpeech
      • 13.8.1 Business overview
      • 13.8.2 Product portfolio
      • 13.8.3 Key developments
    • 13.9 Listnr
      • 13.9.1 Business overview
      • 13.9.2 Product portfolio
      • 13.9.3 Key developments
    • 13.10 LOVO
      • 13.10.1 Business overview
      • 13.10.2 Product portfolio
      • 13.10.3 Key developments
    • 13.11 Microsoft
      • 13.11.1 Business overview
      • 13.11.2 Product portfolio
      • 13.11.3 Key developments
    • 13.12 MURF.AI
      • 13.12.1 Business overview
      • 13.12.2 Product portfolio
      • 13.12.3 Key developments
    • 13.13 NaturalReader
      • 13.13.1 Business overview
      • 13.13.2 Product portfolio
      • 13.13.3 Key developments
    • 13.14 Nuance Communications
      • 13.14.1 Business overview
      • 13.14.2 Product portfolio
      • 13.14.3 Key developments
    • 13.15 ReadSpeaker
      • 13.15.1 Business overview
      • 13.15.2 Product portfolio
      • 13.15.3 Key developments
    • 13.16 ResponsiveVoice
      • 13.16.1 Business overview
      • 13.16.2 Product portfolio
      • 13.16.3 Key developments
    • 13.17 Speechmatics
      • 13.17.1 Business overview
      • 13.17.2 Product portfolio
      • 13.17.3 Key developments
    • 13.18 Synthesia
      • 13.18.1 Business overview
      • 13.18.2 Product portfolio
      • 13.18.3 Key developments
    • 13.19 Xpeacho
      • 13.19.1 Business overview
      • 13.19.2 Product portfolio
      • 13.19.3 Key developments
    • 13.20 Texthelp
      • 13.20.1 Business overview
      • 13.20.2 Product portfolio
      • 13.20.3 Key developments
    • 13.21 Wavel.a
      • 13.21.1 Business overview
      • 13.21.2 Product portfolio
      • 13.21.3 Key developments

Reviews

There are no reviews yet.

Be the first to review “Global Text-to-Speech Market 2023-2030”

Your email address will not be published. Required fields are marked *

Related products