Text to Speech Market Size, Share, Analysis, Industry Report and Forecast 2021-2027
The global text to speech market is anticipated to grow at a considerable CAGR of 15.2% during the forecast period. Significant raise in the funding for text to speech technology providing start-ups to unleash the full potential of this technology in betterment of human life is a key factor driving the growth of the global text to speech market. Vitra.ai, Synthesia, and Gabb among others are the key start-ups that have raised funding for the development of their text to speech service. For instance, in April 2021, Vitra.ai has raised undisclosed amount of fund (ranging between $150,000-$1 million) from Inflexor Ventures, a deep-tech VC as a part of its DeepTech Fellowship Programme with Venture Capital firm 100X.VC.
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In April 2021, AI video generation provider Synthesia had raised $12.5m
in Series A funding. The Series A round was led by New York-based FirstMark
Capital, an early-stage VC firm with investments in companies such as Riot
Games, Airbnb, and Shopify. The raised amount will be used by the company to
focus on enterprise user growth and product development. In the same month,
Kids' cellphone startup Gabb had raised $14 million in new funding and counts
former BYU and current New Orleans Saints football star Taysom Hill among its
new investors. With this funding, the company aims to provide kids a safe first
phone with no internet, social media or games that protects them against
"internet dangers, inappropriate content and screen-time addiction."
·
The
market number available for – 2020-2027
·
Base
year- 2020
·
Forecast
period- 2021-2027
Segment
Covered-
Ø
By Type
Ø
By
Vertical
Regions
Covered-
·
North
America
·
Europe
·
Asia-Pacific
·
Rest of
the World
·
Competitive
Landscape- Amazon.Com, Inc., Apifonica, Cereproc Ltd., Charmtech Labs Llc, IBM
Corp., Microsoft Corp., and Naturalsoft Ltd.
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Key questions
addressed by the report
·
What is
the market growth rate?
·
Which
segment and region dominate the market in the base year?
·
Which
segment and region will project the fastest growth in the market?
·
How
COVID-19 impacted the market?
Ø
Deviation
from the pre-COVID-19 forecast
Ø
Which
is the Most affected region and segment
·
Who is
the leader in the market?
·
How
players are addressing challenges to sustain growth?
·
Where
is the investment opportunity?
Global Text
to Speech Market Report Segment
·
Solution
·
Service
By End-User
Vertical
·
Automotive
& Transportation
·
Enterprise
·
Consumer
Electronics
·
Healthcare
·
BFSI
·
Education
·
Retail
·
Others
(Entertainment & Government)
Global Text
to Speech Market Report Segment by Region
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of The World
·
Latin
America
·
Middle
East & Africa
Company Profiles
·
Acapela Group
·
Amazon.Com, Inc.
·
Apifonica
·
Cereproc Ltd.
·
Charmtech Labs Llc
·
IBM Corp.
·
Indian Text to Speech Pvt Ltd
·
Innoetics
·
Ispeech, Inc.
·
Linguatec
·
Lumenvox, Llc
·
Microsoft Corp.
·
Naturalsoft Ltd.
·
Nextup Technologies, Llc
·
Nuance Communications Inc.
·
Readspeaker Holding B.V.
·
Sestek
·
Textspeak Corp.
·
Voice Dream Llc
·
Wideo Inc.
·
Zabaware, Inc.
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