Global Text-to-speech Market 2025-2029

Text-To-Speech Market 2025-2029

The text-to-speech market is forecasted to grow by USD 3987.2 mn during 2024-2029, accelerating at a CAGR of 14.1% during the forecast period. The report on the text-to-speech market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for voice-enabled devices, increased accessibility needs, and growth in e-learning and remote work.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's text-to-speech market is segmented as below:

By Language

• English
• Chinese
• Spanish
• Others

By Technology

• Neural TTS
• Concatenative TTS
• Formant-based TTS

By Type

• Natural voices
• Synthetic voices

By End-user

• Automotive and transportation
• Healthcare
• Consumer Electronics
• Finance
• Others

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the focus on development of ai-based text-to-speech models as one of the prime reasons driving the text-to-speech market growth during the next few years. Also, strategic partnerships and collaborations and growing demand for personalized and custom voice solutions will lead to sizable demand in the market.

The report on the text-to-speech market covers the following areas:

• Text-To-Speech Market sizing
• Text-To-Speech Market forecast
• Text-To-Speech Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading text-to-speech market vendors that include Acapela Group SA, Amazon.com Inc., Apple Inc., Baidu Inc., CereProc Ltd., Dolbey, Google LLC, iFLYTEK Co. Ltd., International Business Machines Corp., iSpeech Inc., LOVO Inc, LumenVox GmbH, Microsoft Corp., Murf AI, ReadSpeaker B.V, Sensory Inc., SESTEK, Speechify, TENIOS GmbH, and Wavel.ai. Also, the text-to-speech market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.