10 July 2019 - The Global Text-To-Speech Market is anticipated to grow at a significant CAGR of 15.92% during the forecast period. Text-to-speech technology converts written text into audio content. This is useful in case of converting website content, mobile apps, online documents, and e-learning. Population with learning disabilities, vision & language problem can access to this technology without any difficulty. Hence, text-to-speech technology enables the differently abled population to minimize the learning obstacles upto a greater extent.

The market is driven by increase in demand for handheld devices and rise in government spending towards machine based learning for differently abled population. Rise in production of consumer electronics supplements the market demand. Population with learning disability and difficulty is likely to contribute to the creation of machine based learning devices. Geriatric population with reading and writing disorders is quite high. Text-to-speech technology proves very useful for population under this category.

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Challenges such as non-compatibility of devices, digital incompetency during conversion of written content to audio and low investment by companies, occur in the text-to-speech market. Market is segmented by vertical into consumer electronics, enterprise, healthcare, finance, education, automotive & transportation, retail and education. Retail & education segment is likely to account for a higher share in the international market.

Market is geographically segmented into North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America market dominates the global market scenario and is estimated to grow at a higher CAGR during the forecast period. The U.S. market is consistently expanding due to rise in trend of machine learning, innovative approach for text-to-speech technology and constantly rise in government initiatives in the medical and education sector.

In addition, strategic collaborations between key players is highly observed as a driving factor for the market growth. Asia-Pacific’s market growth is anticipated at a significant pace due to the higher traction owing to inclination towards innovative learning.

Market Segment:

The key players covered in this study

Nuance Communication
Microsoft
Sensory
Amazon
Neospeech
Lumenvox
Acapel
Cereproc
ReadSpeaker
Speech Enabled Software Technologies
Ispeech
Textspeak
Nextup Technologies
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Market segment by Type, the product can be split into

English
French
German
Italian
Korean
Others
Market segment by Application, split into

Automotive and transportation
Healthcare
Consumer electronics
Finance
Education
Retail
Enterprise
The key points of this report are:

To analyze global Text-to-Speech status, future forecast, growth opportunity, key market and key players.
To present the Text-to-Speech development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
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