Global Text-to-Speech Market Size study, By Component, By Deployment Mode, By Type, By Vertical, and Regional Forecasts 2022-2028

List of Tables

Global Text-to-Speech Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.

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

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

Chapter 1. Executive Summary

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

LIST OF TABLES

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

LIST OF FIGURES

List of figures

FIG 1. Global Text-to-Speech Market, research methodology
FIG 2. Global Text-to-Speech Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Text-to-Speech Market, key trends 2021
FIG 5. Global Text-to-Speech Market, growth prospects 2022-2028
FIG 6. Global Text-to-Speech Market, porters 5 force model
FIG 7. Global Text-to-Speech Market, pest analysis
FIG 8. Global Text-to-Speech Market, value chain analysis
FIG 9. Global Text-to-Speech Market by segment, 2018 & 2028 (USD Billion)
FIG 10. Global Text-to-Speech Market by segment, 2018 & 2028 (USD Billion)
FIG 11. Global Text-to-Speech Market by segment, 2018 & 2028 (USD Billion)
FIG 12. Global Text-to-Speech Market by segment, 2018 & 2028 (USD Billion)
FIG 13. Global Text-to-Speech Market by segment, 2018 & 2028 (USD Billion)
FIG 14. Global Text-to-Speech Market, regional snapshot 2018 & 2028
FIG 15. North America Text-to-Speech Market 2018 & 2028 (USD Billion)
FIG 16. Europe Text-to-Speech Market 2018 & 2028 (USD Billion)
FIG 17. Asia pacific market 2018 & 2028 (USD Billion)
FIG 18. Latin America Text-to-Speech Market 2018 & 2028 (USD Billion)
FIG 19. Global Text-to-Speech Market, company market share analysis (2021)