A text-to-speech is also called read aloud technology. It is an assistive technology that is used to reads the words from smartphone, computers and any other digital platform. It is a software-based technology. It is popular among individuals with reading disabilities. It provides contribution in learning, increasing literacy rate , these factors make useful technology for the market.

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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The top impacting factor for Text-to-speech market is emerging demand for handheld devices such as smart phones, tablets and others in consumer electronics. Text-to-speech software installed in handheld devices provide navigation, entertainment content and translate language.

In medical and healthcare increasing number of disabilities with the people in reading and understanding text, Text-to-speech technology provide individual with audio facility and help them to understand by converting the audio in their preferred language . Thus, the need for text-to- speech in medical and healthcare surge the demand for text-to-speech in the market.

In education sector, increased in government initiative to introduce advance technology of students with disabilities, text-to-speech provide learning benefits to the students. Thus, rise in advance technology in education centers surge the demand for text-to-speech technology in the market.

Here are some advantages of the text-to-speech market:

  • Accessibility: TTS technology allows people with visual impairments or reading difficulties to access written information by converting it into spoken language. This makes information more accessible and inclusive for everyone.
  • Cost-effective: TTS technology is cost-effective compared to traditional voice-over services. It can be used to generate high-quality speech quickly and efficiently, without the need for human voice actors.
  • Time-saving: TTS technology can save time by automating the process of generating spoken content. This can be especially useful for industries such as e-learning, where a large amount of content needs to be converted into audio.
  • Customization: TTS technology allows for customization of the voice used to generate spoken content. This can be important for creating a unique brand voice or for ensuring that the speech is appropriate for the intended audience.
  • Multilingual support: TTS technology can support multiple languages, allowing for global reach and accessibility. This can be beneficial for businesses or organizations with a diverse customer base.
  • Overall, the text-to-speech market offers numerous advantages, making it an increasingly popular technology in various industries.

Text-to-Speech Market Report Highlights

AspectsDetails
By Type
  • Non-Neural
  • Neural
  • Custom
By Components
  • Software/Solution
  • Services
By Language
  • English
  • Spanish
  • Arabic
  • Chinese
  • Others
By Deployment Mode
  • Cloud based
  • On-Premise
By Organization
  • Small
  • Medium Enterprise
  • Large Enterprise
By End-Use.
  • Introduction
  • Consumer
  • Healthcare
  • Automotive & Transportation
  • Education
  • BFSI
  • Assistant tool for visually impaired or disabilities
  • Travel and Hospitality
  • Retail
  • Enterprise
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market PlayersNuance Communication (US), Microsoft Corporation (US), IBM Corporation (US, Google, Inc. (US), Sensory Inc. (US), Amazon.Com (US),, Readspeaker (Netherlands), LumenVox LLC (US), Acapela Group (France), CereProc (Scotland), SESTEK (Turkey), iFlytek (China).
text-to-speech, TextSpeak (US), Nextup Technologies (US), iSpeech (US),, Nexmo Inc. (US), Baidu, Inc. (China), Facebook Research (US), Govivace (US),, GL Communications (US).

Text-to-Speech: Future scope

The future of TTS technology looks promising, with numerous potential applications and benefits. As the technology continues to advance, we can expect to see even more exciting developments in this field.