Report Code: A14809 | Pages: NA | Mar 2023 | 1156 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Text-to-speech Market
Request Now !A text-to-speech is also called read aloud technology. It is an assistive technology that is used to reads the words from smartphone, computers and any other digital platform. It is a software-based technology. It is popular among individuals with reading disabilities. It provides contribution in learning, increasing literacy rate , these factors make useful technology for the market.
The manufacturing companies of text-to-speech are now focusing on increasing the sensitivity of text-to-speech, which will provide more learning and understanding text benefits. This development will help text-to-speech to penetrate more in the market. The text-to-speech find their applications in diverse sectors such as Introduction, Consumer, Healthcare, Automotive & Transportation, Education, BFSI, Assistant tool for visually impaired or disabilities, Travel and Hospitality, Retail, Enterprise, and Others
"The Global Text-to-Speech market is segmented on the basis of By Type, By Components, By Language, By Deployment Mode, By Organization and By End-Use.. Based on Type, the market is divided into Non-Neural, Neural , and Custom. In terms of Component, the market is categorized into Software/Solution, and Services.. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Market Scope and Structure Analysis:
Report Metric | Details |
 Market size available for years |  2020–2030 |
 Base year considered |  2020 |
 Forecast period |  2021–2030 |
 Forecast units |  Value (USD) |
 Segments covered |  By Type, By Components, By Language, By Deployment Mode, By Organization and By End-Use. |
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COVID-19 Scenario Analysis:Â
The outbreak of the COVID-19 pandemic has severely affected the business of almost all industries. While the COVID-19 pandemic crisis unfolds, regulatory bodies all over the world compel to impose strict lockdown and travel bans. Moreover, this has drastically affected the growth of the text-to-speech market.
Due to the COVID-19 pandemic, the supply chain systems were disrupted as a number of fundamental equipment and materials are profoundly dependent on imports from other countries. Furthermore, the strict instruction of the governing bodies to follow social distancing norms forced the industries to work with minimal workforce, which led to the decrease in the production rate of the industries. Thus, all these factors negatively impacted the text-to-speech market.Â
However, after the COVID-19 pandemic, the diversified and innovative applications of text-to-speech such as Introduction, Consumer, Healthcare, Automotive & Transportation, Education, BFSI, Assistant tool for visually impaired or disabilities, travel and hospitality, retail, enterprise, and others will foster the growth of the text-to-speech market.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The top impacting factor for Text-to-speech market is emerging demand for handheld devices such as smart phones, tablets and others in consumer electronics. Text-to-speech software installed in handheld devices provide navigation, entertainment content and translate language.
In medical and healthcare increasing number of disabilities with the people in reading and understanding text, Text-to-speech technology provide individual with audio facility and help them to understand by converting the audio in their
preferred language . Thus, the need for text-to- speech in medical and healthcare surge the demand for text-to-speech in the market.
In education sector, increased in government initiative to introduce advance technology of students with disabilities, text-to-speech provide learning benefits to the students. Thus, rise in advance technology in education centers surge the demand for text-to-speech technology in the market.
However, absence of correct pronunciation of natural occurring speech restraint the market growth of text-to-speech in the market.
Text-to-speech Market trends are as follows:
Rise in Number of Learning Disabilities in People
People with learning difficulties such as dyslexia face the problem of understanding the text and content. These texts may not make sense to them and therefore remain unknown. This in turn makes their development and knowledge processing skills difficult. Text-to-speech technology can help people with learning difficulties and can enhance the capabilities of these people by converting the texts into auditory format and making them easier to understand. Thus, learning disabilities in people create opportunities in text and language technology, which help Text-to-speech to penetrate more in the market.
Key Benefits of The Report:
Questions Answered in Text-To-Speech Market Research Report:
Text-to-Speech Market Report Highlights
Aspects | Details |
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By Type |
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By Components |
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By Language |
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By Deployment Mode |
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By Organization |
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By End-Use. |
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By Region |
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Key Market Players | Nuance Communication (US), Microsoft Corporation (US), IBM Corporation (US, Google, Inc. (US), Sensory Inc. (US), Amazon.Com (US),, Readspeaker (Netherlands), LumenVox LLC (US), Acapela Group (France), CereProc (Scotland), SESTEK (Turkey), iFlytek (China). |
text-to-speech, TextSpeak (US), Nextup Technologies (US), iSpeech (US),, Nexmo Inc. (US), Baidu, Inc. (China), Facebook Research (US), Govivace (US),, GL Communications (US). |
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