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Text-to-Speech - Global Market Trajectory & Analytics

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    Report

  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303572

FEATURED COMPANIES

  • Acapela Group
  • Cereproc
  • Lumenvox LLC.
  • Neospeech
  • Nextup Technologies, LLC
  • ReadSpeaker
Global Text-to-Speech Market to Reach $5.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Text-to-Speech estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$5.6 Billion by 2027, growing at a CAGR of 14% over the analysis period 2020-2027. Consumer Electronics, one of the segments analyzed in the report, is projected to record a 14.1% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automotive & Transportation segment is readjusted to a revised 13.9% CAGR for the next 7-year period.





The U.S. Market is Estimated at $601.3 Million, While China is Forecast to Grow at 18.2% CAGR

The Text-to-Speech market in the U.S. is estimated at US$601.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2027 trailing a CAGR of 18.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10% and 12.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11% CAGR.

Enterprise Segment to Record 14.4% CAGR

In the global Enterprise segment, USA, Canada, Japan, China and Europe will drive the 13.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$267.9 Million in the year 2020 will reach a projected size of US$652.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$841.4 Million by the year 2027, while Latin America will expand at a 16.1% CAGR through the analysis period.

Select Competitors (Total 36 Featured):
  • Acapela Group
  • Amazon.Com Inc.
  • Cereproc
  • Ispeech, Inc.
  • Lumenvox LLC.
  • Microsoft Corporation
  • Neospeech
  • Nexmo Inc.
  • Nextup Technologies, LLC
  • Nuance Communication
  • ReadSpeaker
  • Rspeak Technologies
  • Sensory Inc.
  • Speech Enabled Software Technologies (SESTEK)
  • Start-Up Ecosystem
  • Textspeak
Frequently Asked Questions about the Global Market for Text-to-Speech

What is the estimated value of the Global Market for Text-to-Speech?

The Global Market for Text-to-Speech was estimated to be valued at $2.2 Billion in 2020.

What is the growth rate of the Global Market for Text-to-Speech?

The growth rate of the Global Market for Text-to-Speech is 14.3%, with an estimated value of $5.6 Billion by 2027.

What is the forecasted size of the Global Market for Text-to-Speech?

The Global Market for Text-to-Speech is estimated to be worth $5.6 Billion by 2027.

Who are the key companies in the Global Market for Text-to-Speech?

Key companies in the Global Market for Text-to-Speech include Acapela Group, Amazon.Com Inc., Cereproc, Ispeech, Inc., Lumenvox LLC., Microsoft Corporation, Neospeech, Nexmo Inc. and Nuance Communication.

FEATURED COMPANIES

  • Acapela Group
  • Cereproc
  • Lumenvox LLC.
  • Neospeech
  • Nextup Technologies, LLC
  • ReadSpeaker

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 36

A selection of companies mentioned in this report includes:

  • Acapela Group
  • Amazon.Com Inc.
  • Cereproc
  • Ispeech, Inc.
  • Lumenvox LLC.
  • Microsoft Corporation
  • Neospeech
  • Nexmo Inc.
  • Nextup Technologies, LLC
  • Nuance Communication
  • ReadSpeaker
  • Rspeak Technologies
  • Sensory Inc.
  • Speech Enabled Software Technologies (SESTEK)
  • Start-Up Ecosystem
  • Textspeak