text to speech (tts) software market

GlobalText to Speech (TTS) Software Market - Industry Trends and Forecast to 2031

  • Published Date: 2022-11-21
  • Report ID: 144504
  • Pages: 200
  • Format: prudent report format


Short Description
Global Text To Speech (TTS) Software Market, By Offering (Software And Solution And Services), Deployment Model (Cloud And On-premises), Organization Size (Large Enterprise And Small And Medium-Sized Enterprises (SMEs)), Voice Type (Neural And Customer Voice And Non-Neural), Operating Device (Computers, Tablets, And Mobile Phones), File Format (mp3, mp4, VOX, WMA, and Others), End User (Banking, Financial Services And Insurance (BFSI), Government, Healthcare, Consumer Electronics, Transportation And Automotive, Education, Travel And Hospitality, Retail And E-Commerce, Enterprises And Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, The Netherlands, Switzerland, Russia, Turkey, Belgium, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest Of Asia-Pacific, Saudi Arabia, South Africa, U.A.E., Egypt, Israel And Rest Of Middle East And Africa, Brazil, Argentina and rest of South America), Industry Trends and Forecast To 2029
Market Definition:
TTS (text to speech) is an assistive technology that reads digital text aloud. TTS may transform words from a computer or other digital device into audio. TTS is particularly beneficial for children who have difficulty reading, but it may also assist them with writing, editing, and even concentration. TTS is compatible with practically all personal digital devices, such as PCs, cell phones, and tablets. All types of text files, including Word and Pages documents, can be read aloud. Even web pages on the internet may be read aloud.
Market Segmentation:
The global text to speech (TTS) software market is segmented into seven notable segments based on the offering, deployment model, organization size, voice type, operating device, file format, and end user.
On the basis of offering, the global text to speech (TTS) software market has been segmented into software and solution and services
On the basis of the deployment model segment, the global text to speech (TTS) software market has been segmented into cloud and on-premises
On the basis of organization size segment, the global text to speech (TTS) software market has been segmented into large enterprise and small and medium-sized enterprises (SMES)
On the basis of voice type segment, the global text to speech (TTS) software market has been segmented into neural and customer voice and non-neural
On the basis of the operating device segment, the global text to speech (TTS) software market has been segmented into computers, tablets, and mobile phones
On the basis of file format segment, the global text to speech (TTS) software market has been segmented into mp3, mp4, VOX, WMA, and others
On the basis of end user segment, the global text to speech (TTS) software market has been segmented into banking, financial services and insurance (BFSI), government, healthcare, consumer electronics, transportation and automotive, education, travel and hospitality, retail and e-commerce, enterprises, and others
Market Players

Some of the key market players for the global text to speech (TTS) software market are listed below:

IBM
ReadSpeaker Holding B.V.
Nuance Communications, Inc.
SESTEK
Amazon Web Services, Inc.
Acapela Group
NextUp Technologies, LLC
Sensory Inc.
LumenVox
CereProc
Nexmo, Inc.
Textspeak Corporation
GL COMMUNICATIONS INC.
GoVivace Inc.
iFLYTEK Corporation
Facebook
Google (A Subsidiary of Alphabet Inc.)
Baidu, Inc.
iSpeech, Inc.
Microsoft


TABLE OF CONTENTS
1 INTRODUCTION 44
1.1 OBJECTIVES OF THE STUDY 44
1.2 MARKET DEFINITION 44
1.3 OVERVIEW OF GLOBAL TEXT TO SPEECH (TTS) SOFTWARE MARKET 44
1.4 CURRENCY AND PRICING 46
1.5 LIMITATIONS 46
1.6 MARKETS COVERED 46
2 MARKET SEGMENTATION 51
2.1 MARKETS COVERED 51
2.2 GEOGRAPHICAL SCOPE 52
2.3 YEARS CONSIDERED FOR THE STUDY 53
2.4 DBMR TRIPOD DATA VALIDATION MODEL 54
2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 57
2.6 DBMR MARKET POSITION GRID 58
2.7 VENDOR SHARE ANALYSIS 59
2.8 MULTIVARIATE MODELING 60
2.9 OFFERING TIMELINE CURVE 60
2.10 MARKET APPLICATION COVERAGE GRID 61
2.11 SECONDARY SOURCES 62
2.12 ASSUMPTIONS 62
3 EXECUTIVE SUMMARY 63
4 PREMIUM INSIGHTS 66
4.1 LIST OF APPROVAL AGENCIES 69
4.1.1 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION (ISO) AND INTERNATIONAL ELECTROTECHNICAL COMMISSION (IEC) 69
4.1.2 ACOUSTICAL SOCIETY OF AMERICA (ASA) 69
5 MARKET OVERVIEW 70
5.1 DRIVERS 72
5.1.1 RISE IN ADOPTION OF SMARTPHONES AND HANDHELD DEVICES WITH INCREASE IN INTERNET CONNECTIVITY 72
5.1.2 INCREASED GOVERNMENT FUNDING ON EDUCATION OF DIFFERENTLY-ABLED STUDENTS 72
5.1.3 INCREASE IN THE NUMBER OF PEOPLE WITH DIFFERENT LEARNING ABILITIES 73
5.1.4 INCREASE INDEPENDENCE OF THE GROWING ELDERLY POPULATION ON TECHNOLOGY 74

5.2 RESTRAINTS 75
5.2.1 COMPLEXITY IN GENERATING PRONOUNCIATION OF NATURALLY OCCURING SPEECH 75
5.2.2 DIFFICULTIES IN SPEECH SYNTHESIS WITH FEMALE AND CHILDREN VOICES 76
5.2.3 NON-AVAILABILITY OF MINORITY LANGUAGES IN SOFTWARES 76
5.3 OPPORTUNITIES 77
5.3.1 AVAILABILITY OF COST EFFECTIVE CLOUD SOLUTIONS 77
5.3.2 GROWING PENETRATION OF AI, ANALYTICS, AND IOT DEVICES 78
5.3.3 CONVENIENCE OF AUDIO OUTPUT IN EBOOKS, PDF, AND WEBSITE CONTENT 79
5.3.4 INCREASE IN VARIOUS STRATEGIC DECISIONS SUCH AS PARTNERSHIP AND ACQUISITION 79
5.4 CHALLENGES 80
5.4.1 LOSS OF EMOTION AND ATTRACTION TOWARDS DIGITAL CONTENT 80
5.4.2 EMERGING RISKS AND THREATS TO DATA INTEGRITY 81
6 IMPACT OF COVID-19 PANDEMIC ON GLOBAL TEXT TO SPEECH (TTS) SOFTWARE MARKET 82
6.1 AFTERMATH OF COVID-19 AND GOVERNMENT INITIATIVES TO BOOST THE MARKET 82
6.2 STRATEGIC DECISIONS FOR MANUFACTURERS AFTER COVID-19 TO GAIN COMPETITIVE MARKET SHARE 83
6.3 IMPACT ON DEMAND 83
6.4 IMPACT ON PRICE 84
6.5 IMPACT ON SUPPLY CHAIN 84
6.6 CONCLUSION 84
7 GLOBAL TEXT TO SPEECH (TTS) SOFTWARE MARKET, BY OFFERING 85
7.1 OVERVIEW 86
7.2 SOFTWARE AND SOLUTION 87
7.3 SERVICES 87
7.3.1 SUPPORT AND MAINTENANCE 88
7.3.2 IMPLEMENTATION 88
7.3.3 CONSULTING 88
8 GLOBAL TEXT TO SPEECH (TTS) SOFTWARE MARKET, BY DEPLOYMENT MODEL 89
8.1 OVERVIEW 90
8.2 CLOUD 91
8.3 ON-PREMISES 91
9 GLOBAL TEXT TO SPEECH (TTS) SOFTWARE MARKET, BY ORGANIZATION SIZE 93
9.1 OVERVIEW 94
9.2 LARGE ENTERPRISE 95
9.3 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) 95
10 GLOBAL TEXT TO SPEECH (TTS) SOFTWARE MARKET, BY VOICE TYPE 97
10.1 OVERVIEW 98
10.2 NEURAL AND CUSTOMER VOICE 99
10.3 NON NEURAL 99
11 GLOBAL TEXT TO SPEECH (TTS) SOFTWARE MARKET, BY OPERATING DEVICE 101
11.1 OVERVIEW 102
11.2 COMPUTERS 103
11.3 MOBILE PHONES 103
11.4 TABLETS 104
12 GLOBAL TEXT TO SPEECH (TTS) SOFTWARE MARKET, BY FILE FORMAT 105
12.1 OVERVIEW 106
12.2 MP3 107
12.3 MP4 107
12.4 WMA 108
12.5 VOX 109
12.6 OTHERS 109
13 GLOBAL TEXT TO SPEECH (TTS) SOFTWARE MARKET, BY END USER 111
13.1 OVERVIEW 112
13.2 CONSUMER ELECTRONICS 113
13.2.1 SOFTWARE AND SOLUTION 114
13.2.2 SERVICES 114
13.3 TRANSPORTATION AND AUTOMOTIVE 114
13.3.1 SOFTWARE AND SOLUTION 115
13.3.2 SERVICES 115
13.4 HEALTHCARE 116
13.4.1 SOFTWARE AND SOLUTION 116
13.4.2 SERVICES 116
13.5 EDUCATION 117
13.5.1 SOFTWARE AND SOLUTION 118
13.5.2 SERVICES 118
13.6 TRAVEL AND HOSPITALITY 118
13.6.1 SOFTWARE AND SOLUTION 119
13.6.2 SERVICES 119
13.7 BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI) 119
13.7.1 SOFTWARE AND SOLUTION 120
13.7.2 SERVICES 120

13.8 RETAIL AND E-COMMERCE 120
13.8.1 SOFTWARE AND SOLUTION 121
13.8.2 SERVICES 121
13.9 ENTERPRISES 122
13.9.1 SOFTWARE AND SOLUTION 122
13.9.2 SERVICES 123
13.10 GOVERNMENT 123
13.10.1 SOFTWARE AND SOLUTION 123
13.10.2 SERVICES 124
13.11 OTHERS 124
14 GLOBAL TEXT TO SPEECH (TTS) SOFTWARE MARKET, BY REGION 125
14.1 OVERVIEW 126
14.2 NORTH AMERICA 132
14.2.1 U.S. 141
14.2.2 CANADA 145
14.2.3 MEXICO 149
14.3 EUROPE 153
14.3.1 U.K 162
14.3.2 GERMANY 167
14.3.3 FRANCE 172
14.3.4 ITALY 177
14.3.5 BELGIUM 182
14.3.6 NETHERLANDS 187
14.3.7 RUSSIA 192
14.3.8 SWITZERLAND 197
14.3.9 TURKEY 202
14.3.10 SPAIN 207
14.3.11 REST OF EUROPE 212
14.4 ASIA-PACIFIC 213
14.4.1 CHINA 222
14.4.2 JAPAN 227
14.4.3 INDIA 232
14.4.4 SOUTH KOREA 237
14.4.5 AUSTRALIA 242
14.4.6 SINGAPORE 247
14.4.7 MALAYSIA 252
14.4.8 THAILAND 257
14.4.9 INDONESIA 262
14.4.10 PHILIPPINES 267
14.4.11 REST OF ASIA-PACIFIC 272
14.5 SOUTH AMERICA 273
14.5.1 BRAZIL 282
14.5.2 ARGENTINA 286
14.5.3 REST OF SOUTH AMERICA 291
14.6 MIDDLE EAST AND AFRICA 292
14.6.1 UAE 301
14.6.2 SAUDI ARABIA 305
14.6.3 ISRAEL 309
14.6.4 SOUTH AFRICA 313
14.6.5 EGYPT 317
14.6.6 REST OF MIDDLE EAST AND AFRICA 321
15 GLOBAL TEXT TO SPEECH (TTS) SOFTWARE MARKET: COMPANY LANDSCAPE 322
15.1 COMPANY SHARE ANALYSIS: GLOBAL 322
15.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 323
15.3 COMPANY SHARE ANALYSIS: EUROPE 324
15.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 325
16 SWOT 326
17 COMPANY PROFILES 327
17.1 AMAZON WEB SERVICES, INC. 327
17.1.1 COMPANY SNAPSHOT 327
17.1.2 COMPANY SHARE ANALYSIS 327
17.1.3 PRODUCT PORTFOLIO 328
17.1.4 RECENT DEVELOPMENTS 328
17.2 NUANCE COMMUNICATIONS, INC. 329
17.2.1 COMPANY SNAPSHOT 329
17.2.2 REVENUE ANALYSIS 329
17.2.3 COMPANY SHARE ANALYSIS 330
17.2.4 PRODUCT PORTFOLIO 330
17.2.5 RECENT DEVELOPMENTS 330
17.3 MICROSOFT 331
17.3.1 COMPANY SNAPSHOT 331
17.3.2 REVENUE ANALYSIS 331
17.3.3 COMAPY SHARE ANALYSIS 332
17.3.4 PRODUCT PORTFOLIO 332
17.3.5 RECENT DEVELOPMENTS 332

17.4 GOOGLE (A SUBSIDIARY OF ALPHABET INC.) 333
17.4.1 COMPANY SNAPSHOT 333
17.4.2 REVENUE ANALYSIS 333
17.4.3 COMPANY SHARE ANALYSIS 334
17.4.4 PRODUCT PORTFOLIO 334
17.4.5 RECENT DEVELOPMENT 334
17.5 IFLYTEK CORPORATION 335
17.5.1 COMPANY SNAPSHOT 335
17.5.2 REVENUE ANALYSIS 335
17.5.3 COMPANY SHARE ANALYSIS 336
17.5.4 PRODUCT PORTFOLIO 336
17.5.5 RECENT DEVELOPMENT 336
17.6 ACAPELA GROUP 337
17.6.1 COMPANY SNAPSHOT 337
17.6.2 PRODUCT PORTFOLIO 337
17.6.3 RECENT DEVELOPMENTS 338
17.7 BAIDU INC. 339
17.7.1 COMPANY SNAPSHOT 339
17.7.2 REVENUE ANALYSIS 339
17.7.3 PRODUCT PORTFOLIO 340
17.7.4 RECENT DEVELOPMENT 340
17.8 CEREPROC 341
17.8.1 COMPANY SNAPSHOT 341
17.8.2 PRODUCT PORTFOLIO 341
17.8.3 RECENT DEVELOPMENTS 341
17.9 FACEBOOK 342
17.9.1 COMPANY SNAPSHOT 342
17.9.2 REVENUE ANALYSIS 342
17.9.3 PRODUCT PORTFOLIO 343
17.9.4 RECENT DEVELOPMENTS 343
17.10 GOVIVACE INC. 344
17.10.1 COMPANY SNAPSHOT 344
17.10.2 PRODUCT PORTFOLIO 344
17.10.3 RECENT DEVELOPMENTS 345
17.11 GL COMMUNICATIONS INC. 346
17.11.1 COMPANY SNAPSHOT 346
17.11.2 PRODUCT PORTFOLIO 346
17.11.3 RECENT DEVELOPMENTS 346

17.12 IBM 347
17.12.1 COMPANY SNAPSHOT 347
17.12.2 REVENUE ANALYSIS 347
17.12.3 PRODUCT PORTFOLIO 348
17.12.4 RECENT DEVELOPMENTS 348
17.13 ISPEECH, INC. 349
17.13.1 COMPANY SNAPSHOT 349
17.13.2 PRODUCT PORTFOLIO 349
17.13.3 RECENT DEVELOPMENT 350
17.14 LUMENVOX 351
17.14.1 COMPANY SNAPSHOT 351
17.14.2 PRODUCT PORTFOLIO 351
17.14.3 RECENT DEVELOPMENTS 351
17.15 NEXMO, INC. 352
17.15.1 COMPANY SNAPSHOT 352
17.15.2 PRODUCT PORTFOLIO 352
17.15.3 RECENT DEVELOPMENTS 353
17.16 NEXTUP TECHNOLOGIES, LLC. 354
17.16.1 COMPANY SNAPSHOT 354
17.16.2 PRODUCT PORTFOLIO 354
17.16.3 RECENT DEVELOPMENTS 354
17.17 READSPEAKER HOLDING B.V. 355
17.17.1 COMPANY SNAPSHOT 355
17.17.2 PRODUCT PORTFOLIO 355
17.17.3 RECENT DEVELOPMENTS 355
17.18 SENSORY INC. 356
17.18.1 COMPANY SNAPSHOT 356
17.18.2 PRODUCT PORTFOLIO 356
17.18.3 RECENT DEVELOPMENTS 356
17.19 SESTEK 358
17.19.1 COMPANY SNAPSHOT 358
17.19.2 PRODUCT PORTFOLIO 358
17.19.3 RECENT DEVELOPMENT 358
17.20 TEXTSPEAK CORPORATION 359
17.20.1 COMPANY SNAPSHOT 359
17.20.2 PRODUCT PORTFOLIO 359
17.20.3 RECENT DEVELOPMENTS 360
18 QUESTIONNAIRE 361
19 RELATED REPORTS 365
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