According to the Regional Research Reports, the Global Text to Speech Software Market size was valued at USD 2.21 billion in 2021 and is estimated to grow to reach over USD 5.5 billion by 2030 at a CAGR of 20.12% over the forecast period (2022-2030).
Text to Speech Software Market Definition
Text to speech software, also known as speech synthesis and speech generation, allows users to add synthesized voices to their websites or applications, typically via an API. This software provides tools that turn text documents and web pages into audio to increase engagement, make the material more accessible, and provide content in various formats. The advancement of artificial intelligence, especially neural networks, has allowed for more natural-sounding voices that, in many cases, sound almost indistinguishable from real voices.
With text to speech software, users can modulate and customize different aspects of the voice, such as speaking style, pitch, emotion, and volume.
Text to speech software providers may offer a range of different voices that can be selected, custom voices tailored to the brand, or a replication of a real voice. Text to speech software differs from voice recognition software or speech to text software as the latter transforms speech data to text. In addition, for text to speech software to produce natural-sounding speech, natural language understanding (NLU) software helps in properly producing pauses, phrases, and more.
Text to Speech Software Pricing
The text to speech software pricing ranges from USD 100 to USD 350. The pricing depends on the features and specifications integrated into the software. The main features of the software include emotional intelligence, conversational ability, broad knowledge base, personal, and personality.
Market Scope
The research study provides an in-depth analysis of the text to speech software along with the current market trends and future estimations to elucidate the imminent investment pockets. Information about key drivers, restraints, and opportunities and their impact on the market size is provided. Porter’s five forces analysis illuminates the potency of suppliers and buyers operating in the market. The quantitative analysis of the Text to speech software from 2022 to 2030 is provided to determine the market potential.
This report also contains the market size, untapped opportunity index, and forecasts of text to speech software in the global market, including the following market information:
- Global Text to Speech Software Revenue, 2018-2021, 2022-2030, (USD Millions)
- Global Text to Speech Software Sales, 2018-2021, 2022-2030, (Units)
- Global top five Text to Speech Software companies in 2021 (%)
Regional Research Reports has surveyed the Text to Speech Software manufacturers, suppliers, distributors, and industry experts in this end-use industry, involving the consumption, production, revenue generators, demand-side, supply-side, price change, product type analysis, recent development and strategies, industry trends, drivers, challenges, obstacles, and potential risks.
Global Text to Speech Software Market Segmentation
Global Text to Speech Software Market Segment Percentages, By Deployment Model, 2021 (%)
- On-Premise
- Cloud
- Hybrid
Global Text to Speech Software Market Segment Percentages, By Component, 2021 (%)
- Solution
- Services
Global Text to Speech Software Market Segment Percentages, By End User, 2021 (%)
- Small Business
- Mid Market
- Enterprise
Global Text to Speech Software Market Segment Percentages, By Industry, 2021 (%)
- BFSI
- Healthcare
- Energy & Utility
- IT & Telecommunication
- Retail & E-commerce
- Manufacturing
- Government & Defense
- Media & Entertainment
- Others
Global Text to Speech Software Market, By Region and Country, 2018-2021, 2022-2030 (USD Millions)
Global Text to Speech Software Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- The U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of the Middle East & Africa
Competitor Analysis of the Global Text to Speech Software Market
Analysis of leading market companies and participants, including:
- Key companies Text to Speech Software revenues in the global market, 2018-2021 (Estimated), (USD Millions)
- Key companies Text to Speech Software revenues share in global market, 2021 (%)
- Key companies Text to Speech Software sales in the global market, 2018-2021 (Estimated), (MT)
- Key companies Text to Speech Software sales share in global market, 2021 (%)
Further, the report detailed the leading competitors in the market, namely:
- IBM
- Microsoft
- Amazon
- Nuance
- Oracle
- Synthesia
- Descript
- Murf
- Filki
- LOVO Studio
- ReadSpeaker
- speechelo
- Sonantic
- Listen2it
- Naturaltts
- TrinityAudio
- Voicely
- Woord
- Acapela
- AISTUDIOS
- Articlo
- BeyondWords
- Blanc AI
Why do you need to purchase this report?
- Get a clear understanding of the market's current and future in established and emerging markets.
- Complete information on the entry-level research study as the report consists of considerable information focusing on market size estimations, key players, development, and market trends.
- The report showcases a deep-dive segmental market analysis of all key geography and countries around the globe.
- The most recent developments and news within the market, statistics on the market leaders, and their market share and techniques.
- Current, Historical, and forecasted market size from value (USD million) and volume (units).
- 3-months of analyst support to understand the market objective, along with the market estimate sheet (in excel)
Key Questions Answered in This Report:
- What will the market forecast and the growth rate from 2022 to 2030?
- What are the key dynamics and trends of the market?
- What are the primary driving elements for market growth?
- What are the obstacles developed to the market?
- Who are the leading companies with their market positioning share?
- How much can incremental dollar investment opportunities be witnessed in the market during the forecast period?
- Analysis of the market players and the market analysis through SWOT, PORTER's, and PESTEL study.
