Global Text-to-speech Education Technology Market 2016-2020
About Text-To-Speech Education Technology
The access to education is gaining mass adoption, largely triggered by e-learning, it also brings into consideration the need to tailor teaching methods. This is essential to create achievable milestones that can meet the objective of providing education to all learners in an equitable manner. As a result, apart from investing in products and services to increase access to education, despite financial, time, and geographic constraints, there is a need to consider assistive technologies as well, to meet this objective. The below exhibit broadly explains the key elements involved in the execution of assistive technologies in educational institutions.
Technavio’s analysts forecast the global text-to-speech education technology market to grow at a CAGR of 8.63% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global text-to-speech education technology market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of text-to-speech software solutions and related services for a fee or license to educational institutions.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Text-To-Speech Education Technology Market 2016-2020.
Technavio recognizes the following companies as the key players in the global text-to-speech education technology market: IVONA Software, NaturalReader, NextUp Technologies.
Other prominent vendors in the market are: Claro Software, Texthelp, goQ Software, LumenVox, Kurzweil Education, and ReadSpeaker.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is increase in government investments in education for differently abled students. Improvements in the educational content provided through digital platforms have prompted increased investments from the government sector. This will help institutions with technologically advanced education system to provide quality education to students. Also, it will eventually benefit the nation as a whole, as students with quality education can contribute to the economic growth of the nation.”
According to the report, one of the primary drivers in the market is growth of m-learning. The increased adoption of mobile phone and tablets by students and faculty has led to the rise in m-learning methods. Vendors in developed countries such as the US and the UK adopt m-learning methods to provide users with real-time access to educational content when the requirement arises. With the increase in global smartphone shipments from 490 million units in 2011 to 1.43 billion units in 2015 many emerging geographies such as India, New Zealand, and the Middle East and Africa are amending their educational structure and policies to create a technology-driven learning environment.
Further, the report states that one major challenge in the market is threat from open-source platforms. Providers of text-to-speech solutions are experiencing increased competition from open resources for education, such as Pediaphon (funded by various non-profit organizations). These open-source platforms are gaining popularity due to the availability of text-to-speech software solutions free of cost or at a relatively lower price when compared with text-to-speech solution providers that charge fee or subscription. These open resources allow a unlimited number of users to use these platforms free of charge. Also, the speech software is offered for a range of subjects in different languages. A combination of various products from multiple open-source vendors can cover almost all functionalities provided by proprietary software providers. Also, since the software is freely available and can be used by any number of users, the popularity of this software has surged significantly.
IVONA Software, NaturalReader, NextUp Technologies, Claro Software, Texthelp, goQ Software, LumenVox, Kurzweil Education, ReadSpeaker.
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