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Global Text-to-Speech Market 2018-2022

Global Text-to-Speech Market 2018-2022

About Text-to-speech

Text to speech is the type of service that understands natural spoken languages and generates audio output with full intonation and cadence. It can convert the written content of any website, mobile applications, e-books, online documents, and e-learning tools to audio output.

Technavio’s analysts forecast the global text-to-speech market to grow at a CAGR of 15.92% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global text-to-speech market for 2018-2022. To calculate the market size, the report considers the revenue generated by vendors offering text-to speech software and server platforms to several industries across the globe.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Text-to-speech Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Amazon.com
  • IBM
  • Microsoft
  • Nuance Communications
  • welocalize
Market driver
  • Emergence of handheld devices with text-to-speech functionality
  • For a full, detailed list, view our report
Market challenge
  • Varied internet cost and coverage globally
  • For a full, detailed list, view our report
Market trend
  • Cloud-based text-to-speech service
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Text-to-Speech Market 2018-2022

Technavio recognizes the following companies as the key players in the global text-to-speech market: Amazon.com, IBM, Microsoft, Nuance Communications, and welocalize.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the availability of cloud-based text-to-speech service. The demand for text-to-speech solutions is rising in the market. This trend is mainly due to the growing demand for the cloud-based text-to-speech software. These solutions are typically designed to offer access to the application via web-based browsers. These web-based applications give access to the user to log into the portal via any Internet-enabled computer or device.”

According to the report, one of the major drivers for this market is the emergence of handheld devices with text-to-speech functionality. As international travel and commerce have increased, the market for handheld text-to-speech translation systems has also risen by attracting significant interest from travelers. In the recent years, automatic text-to-speech translation has seen maximum development from developers’ side.

Further, the report states that one of the major factors hindering the growth of this market is the difference in internet cost and coverage across the globe. One of the biggest challenges to the market is the latency in data transmission during retrieval from the cloud infrastructure. Latency in the cloud-based network is less predictable and further complicated to measure.

Companies Mentioned

Amazon.com, IBM, Microsoft, Nuance Communications, and welocalize.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Global IT software market: Segmentation
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global - Market size and forecast 2017-2022 ($ bn)
      • Table Global - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition 2017
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table End-user - Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Automotive and transportation - Market size and forecast 2017-2022
      • Table Automotive and transportation - Market size and forecast 2017-2022 ($ bn)
      • Table Automotive and transportation - Year-over-year growth 2018-2022 (%)
    • Healthcare - Market size and forecast 2017-2022
      • Table Healthcare - Market size and forecast 2017-2022 ($ bn)
      • Table Healthcare - Year-over-year growth 2018-2022 (%)
    • Consumer electronics - Market size and forecast 2017-2022
      • Table Consumer electronics - Market size and forecast 2017-2022 ($ bn)
      • Table Consumer electronics - Year-over-year growth 2018-2022 (%)
    • Finance - Market size and forecast 2017-2022
      • Table Finance - Market size and forecast 2017-2022 ($ bn)
      • Table FINANCE - Year-over-year growth 2018-2022 (%)
    • Education - Market size and forecast 2017-2022
      • Table Education- Market size and forecast 2017-2022 ($ bn)
      • Table Education- Year-over-year growth 2018-2022 (%)
    • Retail- Market size and forecast 2017-2022
      • Table Retail- Market size and forecast 2017-2022 ($ bn)
      • Table Retail- Year-over-year growth 2018-2022 (%)
    • Enterprise - Market size and forecast 2017-2022
      • Table Enterprise - Market size and forecast 2017-2022 ($ bn)
      • Table Enterprise - Year-over-year growth 2018-2022 (%)
    • Others - Market size and forecast 2017-2022
      • Table Others - Market size and forecast 2017-2022 ($ bn)
      • Table Others - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2017-2022
      • Table Americas - Market size and forecast 2017-2022 ($ bn)
      • Table Americas - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in Americas
    • EMEA - Market size and forecast 2017-2022
      • Table EMEA - Market size and forecast 2017-2022 ($ bn)
      • Table EMEA - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in EMEA
    • APAC - Market size and forecast 2017-2022
      • Table APAC - Market size and forecast 2017-2022 ($ bn)
      • Table APAC - Year-over-year growth 2018-2022 (%)
      • Table Top 3 countries in APAC
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Cloud-based text-to-speech service
    • Surge in speech analytics
    • AI applications in text-to-speech software
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Amazon.com
      • Table Amazon.com: Overview
      • Table Amazon.com - Business segments
      • Table Amazon.com - Organizational developments
      • Table Amazon.com - Geographic focus
      • Table Amazon.com - Segment focus
      • Table Amazon.com - Key offerings
      • Table Amazon.com - Key customers
    • IBM
      • Table IBM: Overview
      • Table IBM - Business segments
      • Table IBM - Organizational developments
      • Table IBM - Geographic focus
      • Table IBM- Segment focus
      • Table IBM - Key offerings
      • Table IBM - Key customers
    • Microsoft
      • Table Microsoft: Overview
      • Table Microsoft - Business segments
      • Table Microsoft - Organizational developments
      • Table Microsoft - Geographic focus
      • Table Microsoft - Segment focus
      • Table Microsoft - Key offerings
      • Table Microsoft - Key customers
    • Nuance Communications
      • Table Nuance communications: Overview
      • Table Nuance communications - Business segments
      • Table Nuance communications - Organizational developments
      • Table Nuance communications - Geographic focus
      • Table Nuance communications - Segment focus
      • Table Nuance communications - Key offerings
      • Table Nuance communications - Key customers
    • welocalize
      • Table welocalize: Overview
      • Table welocalize - Business segments
      • Table welocalize - Organizational developments
      • Table welocalize - Geographic focus
      • Table welocalize - Segment focus
      • Table welocalize - Key offerings
      • Table welocalize - Key customers
  • Appendix
    • List of abbreviations
  • Explore Technavio

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