PUBLISHER: Allied Market Research | PRODUCT CODE: 1193261
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193261
Text-to-speech is a type of assistive technology that reads digital text aloud. It's sometimes called "read aloud" technology. In addition, it helps to minimize learning-related challenges while enabling a more improved approach to learning. It is also useful among members of the geriatric population who have problems with reading due to poor eyesight or other challenges. Furthermore, text-to-speech is useful in converting website content, online documents, and e-learning. It is also useful among persons with learning disabilities, and vision and language challenges.
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 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 market growth. Furthermore, increase in use of digital transformation technology is expected to provide lucrative opportunities for the market during the forecast period.
The text-to-speech market is segmented on the basis of by offering, deployment mode, type, language, enterprise size, industry vertical, and region. On the basis of offering, the market is categorized into software and service. On the basis of deployment mode, the market is fragmented into on-premise and cloud. On the basis of type, the market is classified into neural, non-neural. On the basis of language, the market is divided into English, Chinese, Spanish, Hindi, Arabic, and others. On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs. By industry vertical, it is classified into BFSI, travel and tourism, it and telecom, education, retail and consumer goods, automotive and transportation, media and entertainment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the text-to-speech market 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 industry.
Key Benefits For Stakeholders
By Industry Vertical
By Offering
By Deployment Model
By Type
By Lanuage
By Enterprise Size
By Region