Market Research Logo

Text-to-Speech Market by Vertical (Healthcare, Enterprise, Consumer Electronics, Automotive & Transportation, Finance, Education, Retail), and Geography(Americas, Europe, Asia Pacific) - Global Forecast to 2022

Text-to-Speech Market by Vertical (Healthcare, Enterprise, Consumer Electronics, Automotive & Transportation, Finance, Education, Retail), and Geography(Americas, Europe, Asia Pacific) - Global Forecast to 2022

“Rising demand for handheld devices drives the growth of the text-to-speech market”

Mobile devices have shifted from voice-calling devices to more advanced personal computing devices that allow users to perform activities such as browsing the Internet, capturing photographs, language translation, navigation guidance, and managing entertainment and multimedia content. The growing need for automation and convenience drives the adoption of text-to-speech in everyday applications. The text-to-speech software is deployed in mobile devices, smartphones, portable devices, digital assistants, and other handheld devices.

“Growing usage of personal health monitors drives the growth of the text-to-speech market for healthcare”
The text-to-speech market for the healthcare vertical is expected to grow at the highest CAGR between 2017 and 2022. Personal assistant apps have witnessed a wide deployment of TTS software to change lifestyle with voice notifications encouraging people to exercise, stay hydrated, take medication, and so on. For the elderly and visually impaired, text-to-speech helps in prescription label reading. Using the TTS technology, the prescription is recorded into a label reading device and is played back whenever needed. Moreover, it is also used in health monitors to provide voice feedback from heart rate monitors, blood glucose meters, and blood pressure monitors.

“Text-to-speech market in Asia-Pacific to grow at a high rate”
The text-to-speech market in APAC is expected to witness the highest growth owing to technological advancements as well as the growing consumer electronics and automotive industry. China and India are among the fastest-growing economies in the world. Their financial strength enables them to make significant investments in various growing end-user industries. In Japan and China, text-to-speech systems have been deployed at airports and ATMs.

The breakup of the profile of primary participants has been given below:
• By Companies: Tier 1 – 20 %, Tier 2 – 35%, and Tier 3 – 45%
• By Designation: C-level Executives – 25%, Directors – 35%, and Others – 40%
• By Region: America – 50%, Europe – 30%, Asia Pacific – 10%, and RoW – 10%

The companies covered in the text-to-speech market are Nuance Communication (US), Microsoft Corporation (US), Sensory Inc. (US), LumenVox LLC (US), NeoSpeech (US), Amazon.Com (US), SESTEK (Turkey), iSpeech Inc. (US), TextSpeak (US), NextUp Technologies (US), Acapela Group (France), CereProc (Scotland), ReadSpeaker (Netherlands), Nexmo (US), and rSpeak (Netherlands).

Research Coverage:
The text-to-speech market has been segmented on the basis of vertical and geography. The market has been further segmented on the basis of vertical into consumer electronics, automotive and transportation, healthcare, education, finance, retail, enterprise, and others. On the basis of geography, the market has been segmented into the Americas, Europe, Asia Pacific, and Rest of the World.

Reasons to Buy the Report:
The report would help the market leaders/new entrants in this market in the following ways:
1. This report segments the text-to-speech market comprehensively and provides the closest approximations of the market sizes for the overall market and sub-segments across the different applications and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE TEXT-TO-SPEECH MARKET
    • VERTICAL-WISE AND REGION-WISE SNAPSHOT OF THE TEXT-TOSPEECH MARKET
    • HEALTHCARE VERTICAL EXPECTED TO WITNESS THE HIGHEST GROWTH RATE BETWEEN 2017 AND 2022
    • CHINA EXPECTED TO WITNESS THE HIGHEST GROWTH RATE BETWEEN 2017 AND 2022
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • INDUSTRY TRENDS
    • INTRODUCTION
    • VALUE CHAIN ANALYSIS
      • CORE INDUSTRY SEGMENTS
    • PORTER’S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • TEXT-TO-SPEECH MARKET, BY VERTICAL
    • INTRODUCTION
      • Table TEXT-TO-SPEECH MARKET, BY VERTICAL, 2014-2022 (USD MILLION)
    • AUTOMOTIVE & TRANSPORTATION
      • Table TEXT-TO-SPEECH MARKET FOR AUTOMOTIVE & TRANSPORTATION VERTICAL, BY APPLICATION, 2014-2022 (USD MILLION)
    • ENTERPRISE
      • Table TEXT-TO-SPEECH MARKET FOR ENTERPRISE VERTICAL, BY APPLICATION, 2014-2022 (USD MILLION)
    • CONSUMER ELECTRONICS
      • Table TEXT-TO-SPEECH MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY APPLICATION, 2014-2022 (USD MILLION)
    • HEALTHCARE
      • Table TEXT-TO-SPEECH MARKET FOR HEALTHCARE VERTICAL, BY APPLICATION, 2014-2022 (USD MILLION)
    • FINANCE
      • Table TEXT-TO-SPEECH MARKET FOR FINANCE VERTICAL, BY APPLICATION, 2014-2022 (USD MILLION)
    • EDUCATION
      • Table TEXT-TO-SPEECH MARKET FOR EDUCATION VERTICAL, BY APPLICATION, 2014-2022 (USD MILLION)
    • RETAIL
      • Table TEXT-TO-SPEECH MARKET FOR RETAIL VERTICAL, BY APPLICATION, 2014-2022 (USD MILLION)
    • OTHERS
  • GEOGRAPHICAL ANALYSIS
    • INTRODUCTION
      • Table TEXT-TO-SPEECH MARKET, BY REGION, 2014-2022 (USD MILLION)
    • AMERICAS
      • Table TEXT-TO-SPEECH MARKET IN AMERICAS, BY COUNTRY, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET IN AMERICAS, BY VERTICAL, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR CONSUMER ELECTRONICS VERTICAL IN AMERICAS, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR AUTOMOTIVE & TRANSPORTATION VERTICAL IN AMERICAS, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR HEALTHCARE VERTICAL IN AMERICAS, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR EDUCATION VERTICAL IN AMERICAS, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR FINANCE VERTICAL IN AMERICAS, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR RETAIL VERTICAL IN AMERICAS, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR ENTERPRISE VERTICAL IN AMERICAS, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR OTHER VERTICALS IN AMERICAS, BY APPLICATION, 2014-2022 (USD MILLION)
    • US
      • Table TEXT-TO-SPEECH MARKET IN US, BY VERTICAL, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR CONSUMER ELECTRONICS VERTICAL IN US, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR AUTOMOTIVE VERTICAL IN US, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR HEALTHCARE VERTICAL IN US, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR EDUCATION VERTICAL IN US, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR FINANCE VERTICAL IN US, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR RETAIL VERTICAL IN US, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR ENTERPRISE VERTICAL IN US, BY APPLICATION, 2014-2022 (USD MILLION)
    • EUROPE
      • Table TEXT-TO-SPEECH MARKET IN EUROPE, BY COUNTRY, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET IN EUROPE, BY VERTICAL, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR CONSUMER ELECTRONICS VERTICAL IN EUROPE, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR AUTOMOTIVE & TRANSPORTATION VERTICAL IN EUROPE, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR HEALTHCARE VERTICAL IN EUROPE, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR EDUCATION VERTICAL IN EUROPE, BY APPLICATION, 2014-2022 (USD THOUSAND)
      • Table TEXT-TO-SPEECH MARKET FOR FINANCE VERTICAL IN EUROPE, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR RETAIL VERTICAL IN EUROPE, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR ENTERPRISE VERTICAL IN EUROPE, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR OTHER VERTICALS IN EUROPE, BY APPLICATION, 2014-2022 (USD MILLION)
    • ASIA PACIFIC
      • Table TEXT-TO-SPEECH MARKET IN ASIA PACIFIC, BY COUNTRY, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET IN ASIA PACIFIC, BY VERTICAL, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR CONSUMER ELECTRONICS VERTICAL IN ASIA PACIFIC, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR AUTOMOTIVE & TRANSPORTATION VERTICAL IN ASIA PACIFIC, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR HEALTHCARE VERTICAL IN ASIA PACIFIC, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR EDUCATION VERTICAL IN ASIA PACIFIC, BY APPLICATION, 2014-2022 (USD THOUSAND)
      • Table TEXT-TO-SPEECH MARKET FOR FINANCE VERTICAL IN ASIA PACIFIC, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR RETAIL VERTICAL IN ASIA PACIFIC, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR ENTERPRISE VERTICAL IN ASIA PACIFIC, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR OTHER VERTICALS IN ASIA PACIFIC, BY APPLICATION, 2014-2022 (USD MILLION)
    • REST OF THE WORLD
      • Table TEXT-TO-SPEECH MARKET IN ROW, BY REGION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET IN ROW, BY VERTICAL, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR CONSUMER ELECTRONICS VERTICAL IN ROW, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR AUTOMOTIVE & TRANSPORTATION VERTICAL IN ROW, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR HEALTHCARE VERTICAL IN ROW, BY APPLICATION, 2014-2022 (USD THOUSAND)
      • Table TEXT-TO-SPEECH MARKET FOR EDUCATION VERTICAL IN ROW, BY APPLICATION, 2014-2022 (USD THOUSAND)
      • Table TEXT-TO-SPEECH MARKET FOR FINANCE VERTICAL IN ROW, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table TEXT-TO-SPEECH MARKET FOR RETAIL VERTICAL IN ROW, BY APPLICATION, 2014-2022 (USD THOUSAND)
      • Table TEXT-TO-SPEECH MARKET FOR ENTERPRISE VERTICAL IN ROW, BY APPLICATION, 2014-2022 (USD THOUSAND)
      • Table TEXT-TO-SPEECH MARKET FOR OTHER VERTICALS IN ROW, BY APPLICATION, 2014-2022 (USD THOUSAND)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • VENDOR DIVE OVERVIEW
      • VANGUARD
      • DYNAMIC
      • INNOVATOR
      • EMERGING
    • BUSINESS STRATEGIES ADOPTED BY MAJOR PLAYERS IN THE TEXT-TO-SPEECH MARKET
    • ANALYSIS OF THE PRODUCT PORTFOLIO OF MAJOR PLAYERS IN THE TEXT-TO-SPEECH MARKET
  • COMPANY PROFILES
    • INTRODUCTION
    • NUANCE COMMUNICATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • MICROSOFT CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SENSORY INC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
      • MNM VIEW
    • AMAZON.COM INC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • NEOSPEECH
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • LUMENVOX LLC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • ACAPELA GROUP
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
      • KEY RELATIONSHIPS
    • CEREPROC
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • READSPEAKER
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • SPEECH ENABLED SOFTWARE TECHNOLOGIES (SESTEK)
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • ISPEECH, INC.
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
    • TEXTSPEAK
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
      • RECENT DEVELOPMENTS
    • NEXTUP TECHNOLOGIES, LLC
      • BUSINESS OVERVIEW
      • PRODUCT OFFERING
      • BUSINESS STRATEGY
    • START-UP ECOSYSTEM
      • NEXMO INC.
      • RSPEAK TECHNOLOGIES
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report