Text-To-Speech Market Size is Projected To Reach USD 5790.1 Million By 2028 At A CAGR of 12.3% - Valuates Reports

India - English

News provided by

Jul 07, 2022, 09:00 ET

BANGALORE, India , July 7, 2022 /PRNewswire/ -- Text-to-Speech market is segment by Type - English, French, German, Italian, Korean, Others, by Application - Automotive and transportation, Healthcare, Consumer electronics, Finance, Education, Retail, Enterprise.Global Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Software Category.

The global Text-to-Speech market size is projected to reach USD 5790.1 million by 2028, from USD 2543.1 million in 2021, at a CAGR of 12.3% during 2022-2028.

Major factors driving the growth of the text-to-speech market are

The text-to-speech market is expanding due to increasing demand for the text-to-speech feature in handheld devices due to the convenience offered by the technology, increasing government spending on education for people with disabilities, an aging population that is more dependent on technology, and an increase in the number of people with various learning disabilities or learning preferences.

Browse The Table of Contents And List of Figures At https://reports.valuates.com/market-reports/QYRE-Othe-1T447/global-text-to-speech

TRENDS INFLUENCING THE GROWTH OF TEXT TO SPEECH MARKET

Increasing adoption of text-to-speech applications in handheld devices is expected to drive the text-to-speech market growth. Mobile phones, portable digital assistants, mobile devices, and other handheld gadgets all use text-to-speech software. By giving users voice cues and audio instructions for operations, text-to-speech capable devices can also do away with the need to read lengthy user guides or manuals. The integration of text-to-speech technology into handheld devices is anticipated to rise as a result of numerous such developments in smart gadgets.

The increasing number of people suffering from visual impairments and learning disabilities is expected to further fuel the text-to-speech market growth. Text interpretation is challenging for those who have dyslexia or other reading impairments. They might not understand the letters, leaving them unidentified. Such individuals can benefit from text-to-speech technology, which can make texts easier to understand by transforming them into an audio format. For those with learning difficulties, understanding text and content is challenging. Their ability to create and process knowledge suffers as a result. Such individuals will benefit from text-to-speech technology.

The text-to-speech market is anticipated to continue expanding as a result of rising investments and technical improvements. Businesses are making significant investments in the creation of their text-to-speech technologies. They are collecting enormous amounts of data, which is allowing for new business uses of AI. Based on the text read, machine learning algorithms improve the voices' naturalness. Via altering the appropriate tone, mood, and other subtleties discovered by deep learning, this effect is produced.

Automakers are requesting more and more incorporated voice solutions for their telematics, GPS, and navigational systems. By improving control over onboard systems and optimizing safety, productivity, and overall enjoyment, text-to-speech devices improve the in-car experience. This factor is expected to drive the text-to-speech market.

Furthermore, healthcare professionals can dictate without the need for a transcriptionist thanks to speech-to-text software. As a result, recognized text can be added directly to the EHR without the involvement of a third party. Speech recognition technology is capable of understanding even complex medical jargon. Voice-activated shortcuts, which some medical speech recognition technologies provide, make navigating the EHR much faster. These enhancements to the quality of life not only simplify daily tasks for healthcare professionals but also aid in improving documentation.

Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Othe-1T447/Global_Text_to_Speech_Market

TEXT-TO-SPEECH MARKET SHARE ANALYSIS

APAC is expected to be the most lucrative region. Due to the region's increasing adoption of AI, analytics, and IoT devices, speech recognition solutions combined with text-to-speech are seeing considerable momentum. As a result, the market situation is favorable, and Asian markets including India, China, Indonesia, Australia, Japan, and Singapore are increasingly adopting voice-activated technology.

Inquire For Customization: https://reports.valuates.com/request/customisation/QYRE-Othe-1T447/Global_Text_to_Speech_Market

Market By Region

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

Inquire For Regional Report: https://reports.valuates.com/request/regional/QYRE-Othe-1T447/Global_Text_to_Speech_Market

Key players

Fresenius
Nikkiso
B.Braum
Baxter
Asahi Kasei
Nipro
WEGO
Toray
Medtronic (Bellco)
JMS
SWS Hemodialysis Care
Newsol
Bluesail

Inquire For Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Othe-1T447/Global_Text_to_Speech_Market

Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Othe-1T447&lic=single-user

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS

- The Global Natural Language Processing (NLP) market size is projected to reach USD 3081.5 million by 2028, from USD 843 million in 2021, at a CAGR of 20.1% during 2022-2028.

- The global Automatic Content Recognition market size is projected to reach USD 4879.5 million by 2028, from USD 1543.8 million in 2021, at a CAGR of 17.4% during 2022-2028.

- The global Machine Translation market size is projected to reach USD 1627.5 million by 2028, from USD 718.9 million in 2021, at a CAGR of 12.2% during 2022-2028.

- The global Audio Digital Signal Processor market was valued at USD 7561 million in 2020 and it is expected to reach USD 7836.4 million by the end of 2027, growing at a CAGR of 0.3% during 2021-2027.

- Global Video Conferencing Market Insights, Forecast to 2028

- The global Web Conferencing market size is projected to reach USD 6848.8 million by 2028, from USD 3876.3 million in 2021, at a CAGR of 8.0% during 2022-2028.

- The global Smart Home market size is projected to reach USD 117820 million by 2027, from USD 72040 million in 2020, at a CAGR of 6.8% during 2021-2027.

- The global Video Surveillance As A Service (VSaaS) market size is projected to reach USD 6248.8 million by 2028, from USD 2661.4 million in 2021, at a CAGR of 12.5% during 2022-2028.

- The global video analytics market size was valued at USD 4,102.0 million in 2019 and is projected to reach USD 21,778.0 million by 2027, registering a CAGR of 22.7% from 2020 to 2027.

- The global SVOD market size is projected to reach USD 115,153.76 million by 2028, from USD 62,812.48 million in 2021, at a CAGR of 9.16% during 2022-2028.

- The global artificial intelligence market size was valued at USD 65.48 billion in 2020, and is projected to reach USD 1,581.70 billion by 2030, growing at a CAGR of 38.0% from 2021 to 2030.

- The global Deep Learning market size is projected to reach USD 11910 million by 2028, from USD 2671.2 million in 2021, at a CAGR of 23.6% during 2022-2028.

- The global conversational AI market size was valued at USD 5.78 billion in 2020 and is projected to reach USD 32.62 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 20.0% from 2021 to 2030.

- The global Chatbots market size is projected to reach USD 3892.1 Million by 2027, from USD 1079.9 Million in 2020, at a CAGR of 20.0% during 2021-2027.

- The intelligent virtual assistant market size was valued at USD 3,442 Billion in 2019, and is projected to reach USD 44,255 Billion by 2027, growing at a CAGR of 37.7% from 2020 to 2027.

- Global Content Recognition Market Insights and Forecast to 2028

- The global Volumetric Video market size is projected to reach USD 1852.3 Million by 2026, from USD 592.5 Million in 2020, at a CAGR of 20.9% during 2021-2026.

- The global Digital Content market size is projected to reach USD 241650 Million by 2027, from USD 161540 Million in 2020, at a CAGR of 5.9% during 2021-2027.

- The global intelligent document processing (IDP) market is expected to grow from USD 860 Million in 2021 to USD 4.15 Billion in 2026 at a CAGR of 37%.

Click Here To See Related Reports on Text to Speech

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

Contact Us:

Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

SOURCE Valuates Reports