How big is the Text-to-Speech Market?

The Text-to-Speech Market size is expected to reach USD 3.42 billion in 2024 and grow at a CAGR of 15.96% to reach USD 7.17 billion by 2029. Read More

What is the current Text-to-Speech Market size?

In 2024, the Text-to-Speech Market size is expected to reach USD 3.42 billion. Read More

Who are the key players in Text-to-Speech Market?

Amazon Web Services, Inc, IBM Corporation, Google LLC, Microsoft Corporation and Synthesys.io are the major companies operating in the Text-to-Speech Market. Read More

Which is the fastest growing region in Text-to-Speech Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Text-to-Speech Market?

In 2024, the North America accounts for the largest market share in Text-to-Speech Market. Read More

What years does this Text-to-Speech Market cover, and what was the market size in 2023?

In 2023, the Text-to-Speech Market size was estimated at USD 2.87 billion. The report covers the Text-to-Speech Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Text-to-Speech Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Text-to-Speech Market Size & Share Analysis - Industry Research Report

Text-to-Speech Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Text-To-Speech Market is Segmented by Component (Software and Services), Deployment Mode (Cloud-Based and On-Premise), Language (English, Spanish, Hindi, Chinese, and Other Languages), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.

Text-to-Speech Industry Overview

Text-to-Speech Market is semi-consolidated due to the presence of many global companies, such as IBM Corporation, Amazon Web Services Inc, Google LLC, and Microsoft Corporation, which have contributed to the overall market share. Text-to-Speech Market vendors increasingly focus on delivering enhanced solutions through innovations, collaborations, and investment in R&D to increase their market presence during the forecast period.

In October 2022, IBM Corporation planned to expand its embeddable AI software portfolio by releasing three new libraries designed to help IBM Ecosystem partners, clients, and developers more easily, quickly, and cost-effectively build their AI-powered solutions and bring them to market, which includes the building of natural language processing, speech to text, and text to speech capabilities into applications across any hybrid, multi-cloud environment.