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Global Text-to-Speech Market (2023-2028) Competitive Analysis, Impact of Covid-19 with Ansoff Analysis

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  • 190 Pages
  • February 2024
  • Infogence Global Research
  • ID: 5585633
The Global Text-to-Speech Market is estimated to be USD 2.64 Bn in 2023 and is expected to reach USD 5.38 Bn by 2028 growing at a CAGR of 15.29%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the Global Text-to-Speech Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

  • The Global Text-to-Speech Market is segmented based on Offering, Deployment Mode, Voice Type, Organization Size, Language, Vertical, and Geography.
  • By Offering, the market is classified into Software and Services.
  • By Deployment Mode, the market is classified into On Premises and Cloud Based.
  • By Voice Type, the market is classified into Neural And Custom Voice and Non-Neural.
  • By Organization Size, the market is classified into Small And Medium-Sized Enterprises and Large Enterprises.
  • By Language, the market is classified into English, Mandarin Chinese, Hindi, Arabic, Spanish, and Others.
  • By Vertical, the market is classified into Consumer Electronics, Automotive & Transportation, Healthcare & Life Sciences, Education, BFSI, Retail, Enterprises, Travel and Hospitality, and Others.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Acapela Group, Amazon Web Services Inc, Baidu Inc, GL Communications Inc, Google Inc, GoVivace Inc, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Text-to-Speech Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the Global Text-to-Speech Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Text-to-Speech Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Rising Preference for Handheld Devices
4.1.2 Increased Government Spending on Education of Differently-Abled Students
4.1.3 Dependence of Growing Elderly Population on Technology
4.1.4 Increasing Number of People with Different Learning Disabilities
4.2 Restraints
4.2.1 Complexity in Generating Prosody and Pronunciation of Naturally Occurring Speech
4.3 Opportunities
4.3.1 Seamless Communication Between Human Beings and Robots
4.3.2 Growing Artificial Intelligence Market
4.3.3 Text-To-Speech Solutions for Temporarily and Permanently Disabled Students
4.3.4 Growing Inclination Toward Cloud-Based Deployment Mode
4.4 Challenges
4.4.1 Creation of a Generic Acoustic Database That Covers Language Variations
4.4.2 Slow Network Speed in a Few Regions Limits Adoption of Cloud-Based Text-To-Speech Services
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Text-to-Speech Market, By Offering
6.1 Introduction
6.2 Software
6.3 Services
6.3.1 Software-As-A-Service
6.3.2 Support, Implementation & Consulting
7 Global Text-to-Speech Market, By Deployment Mode
7.1 Introduction
7.2 On Premises
7.3 Cloud Based
8 Global Text-to-Speech Market, By Voice Type
8.1 Introduction
8.2 Neural And Custom Voice
8.3 Non-Neural
9 Global Text-to-Speech Market, By Organization Size
9.1 Introduction
9.2 Small And Medium-Sized Enterprises
9.3 Large Enterprises
10 Global Text-to-Speech Market, By Language
10.1 Introduction
10.2 English
10.3 Mandarin Chinese
10.4 Hindi
10.5 Arabic
10.6 Spanish
10.7 Others
11 Global Text-to-Speech Market, By Vertical
11.1 Introduction
11.2 Consumer Electronics
11.3 Automotive & Transportation
11.4 Healthcare & Life Sciences
11.5 Education
11.6 BFSI
11.7 Retail
11.8 Enterprises
11.9 Travel And Hospitality
11.10 Others
12 Americas' Global Text-to-Speech Market
12.1 Introduction
12.2 Argentina
12.3 Brazil
12.4 Canada
12.5 Chile
12.6 Colombia
12.7 Mexico
12.8 Peru
12.9 United States
12.10 Rest of Americas
13 Europe's Global Text-to-Speech Market
13.1 Introduction
13.2 Austria
13.3 Belgium
13.4 Denmark
13.5 Finland
13.6 France
13.7 Germany
13.8 Italy
13.9 Netherlands
13.10 Norway
13.11 Poland
13.12 Russia
13.13 Spain
13.14 Sweden
13.15 Switzerland
13.16 United Kingdom
13.17 Rest of Europe
14 Middle East and Africa's Global Text-to-Speech Market
14.1 Introduction
14.2 Egypt
14.3 Israel
14.4 Qatar
14.5 Saudi Arabia
14.6 South Africa
14.7 United Arab Emirates
14.8 Rest of MEA
15 APAC's Global Text-to-Speech Market
15.1 Introduction
15.2 Australia
15.3 Bangladesh
15.4 China
15.5 India
15.6 Indonesia
15.7 Japan
15.8 Malaysia
15.9 Philippines
15.10 Singapore
15.11 South Korea
15.12 Sri Lanka
15.13 Thailand
15.14 Taiwan
15.15 Rest of Asia-Pacific
16 Competitive Landscape
16.1 Competitive Quadrant
16.2 Market Share Analysis
16.3 Strategic Initiatives
16.3.1 M&A and Investments
16.3.2 Partnerships and Collaborations
16.3.3 Product Developments and Improvements
17 Company Profiles
17.1 Acapela Group
17.2 Amazon Web Services Inc
17.3 Baidu Inc
17.4 GL Communications Inc
17.5 Google Inc
17.6 GoVivace Inc
17.7 IBM Corp
17.8 iSpeech Inc
17.9 LumenVox
17.10 Meta
17.11 Microsoft Corp
17.12 Nexmo Inc
17.13 NextUP Technologies LLC
17.14 Nuance Communications Inc
17.15 ReadSpeaker Holding B.V.
17.16 TextSpeak Corp
18 Appendix
18.1 Questionnaire

Companies Mentioned

  • Acapela Group
  • Amazon Web Services Inc
  • Baidu Inc
  • GL Communications Inc
  • Google Inc
  • GoVivace Inc
  • IBM Corp
  • iSpeech Inc
  • LumenVox
  • Meta
  • Microsoft Corp
  • Nexmo Inc
  • NextUP Technologies LLC
  • Nuance Communications Inc
  • ReadSpeaker Holding B.V.
  • TextSpeak Corp