Text-To-Speech Market Overview
Maximize Market Research, a leading international business consultancy firm, has released its highly anticipated " Text-To-Speech Market" Report, providing crucial insights into the market's potential in the Asia Pacific region. Despite economic challenges post the Covid lockdown period, the market has showcased resilience and an upward trend. The report positions the Asia Pacific region as a lucrative opportunity for Text-To-Speech market and its component manufacturers over the next decade.

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Text-To-Speech Market Values

The state-of-the-art speech synthesis today is highlighted by synthesis based on deep-learning models, also known as neural TTS, with output characterized by natural-sounding variations in pitch, pace, pronunciation, and inflection. Various companies also provide "standard" voices, which feature lower-quality concatenative synthesis at a reduced cost.

Text-To-Speech Market Scope

The artificial fabrication of human speech is known as speech synthesis. A voice synthesizer is a computer system that may be built into software or hardware for this purpose. A text-to-speech (TTS) system translates text into voice; other systems convert symbolic linguistic representations, such as phonetic transcriptions, into speech. The majority of the prominent software companies that provide a range of cloud-based NLP APIs include text-to-speech in their portfolios.

Text-To-Speech Market Dynamics

Unlike existing aids, which provide a limited range of inadequate voices, the technology developed by researchers is unique in its ability to create normal-sounding personalized voices from even disordered speech recordings, allowing people to communicate while retaining personal identity and dignity. For example, a pilot project used a three-minute sample of a Motor Neurone Disease patient's speech, and this synthetic voice is currently in use regularly. A larger study in Europe involved the voices of 600 people to obtain the data needed to train the underlying statistical model, which is currently being used to deliver several more reconstructed voices to patients via smartphone or tablet.

Text-To-Speech Market Segmentation

by Component

Software
Services
by Deployment Mode

Cloud-based
On-Premise
by Type

Non-neural
Neural and Custom
by Language

English
Spanish
Hindi
Chinese
Arabic
Others

The parties involved are unlikely to follow ethical norms for voice cloning. In response to such concerns, Resemble AI created a tool to detect deepfakes, while Google's Version 2 of Translatotron, which translates a voice into another language, eliminated the previously accessible feature to make a speech in a different voice.
by Vertical

Consumer
Automotive & Transportation
Healthcare
Education
Assistant tool for the visually impaired or disabilities
BFSI
Retail
Enterprise
Travel and Hospitality
Others

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Text-To-Speech Market Key Players

1. Nuance Communication
2. Microsoft Corporation
3. IBM Corporation
4. Google, Inc.
5. Sensory Inc.
6. Amazon.Com
7. Readspeaker
8. LumenVox LLC
9. Acapela Group
10. CereProc
11. SESTEK
12. iFlytek
13. TextSpeak
14. Nextup Technologies
15. iSpeech
16. Nexmo Inc.
17. Baidu, Inc.
18. Facebook Research
19. Govivace
20. GL Communications

Table of content for the Text-To-Speech Market includes:
Part 01: Executive Summary
Part 02: Scope of the Text-To-Speech Market Report
Part 03: Text-To-Speech Market Landscape
Part 04: Text-To-Speech Market Sizing
Part 05: Text-To-Speech Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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Regional Analysis
The Text-To-Speech market report comprises an extensive analysis of the Text-To-Speech industry across five primary world regions are Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It delves into the market's key geographies and highlights notable segments and sub-segments within the industry.
Key Questions answered in the Text-To-Speech Market Report are:
• What is Text-To-Speech Market?
• What is the forecast period of the Text-To-Speech Market?
• What is the competitive scenario of the Text-To-Speech market?
• Which region held the largest market share in the Text-To-Speech Market?
• What are the opportunities for the Text-To-Speech Market?
• What are the restraining factors in the Text-To-Speech market?
• Who are the key players of the Text-To-Speech market?

Key offerings:
• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Text-To-Speech
• Landscape- Leading key players and other prominent key players.

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