Text-to-Speech Market Technological Development and Advancement to 2025
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.
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.
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Challenges such as non-compatibility of devices, digital incompetency during conversion of written content <strong>to</strong> audio<br />
<strong>and</strong> low investment by companies, occur in the text-<strong>to</strong>-speech market. <strong>Market</strong> is segmented by vertical in<strong>to</strong> consumer<br />
electronics, enterprise, healthcare, finance, education, au<strong>to</strong>motive & transportation, retail <strong>and</strong> education. Retail &<br />
education segment is likely <strong>to</strong> account for a higher share in the international market.<br />
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<strong>Market</strong> is geographically segmented in<strong>to</strong> North America, South America, Europe, Asia-Pacific, Middle East <strong>and</strong> Africa.<br />
North America market dominates the global market scenario <strong>and</strong> is estimated <strong>to</strong> grow at a higher CAGR during the<br />
forecast period. The U.S. market is consistently exp<strong>and</strong>ing due <strong>to</strong> rise in trend of machine learning, innovative<br />
approach for text-<strong>to</strong>-speech technology <strong>and</strong> constantly rise in government initiatives in the medical <strong>and</strong> education<br />
sec<strong>to</strong>r.<br />
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https://www.millioninsights.com/industry/technology<br />
<strong>Market</strong> Segment:<br />
The key players covered in this study<br />
• Nuance Communication<br />
• Microsoft<br />
• Sensory<br />
• Amazon<br />
• Neospeech<br />
• Lumenvox<br />
• Acapel<br />
• Cereproc
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