4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE TEXT-TO-SPEECH MARKET 28
4.2 VERTICAL-WISE AND REGION-WISE SNAPSHOT OF THE TEXT-TO-SPEECH MARKET 29
4.3 HEALTHCARE VERTICAL EXPECTED TO WITNESS THE HIGHEST GROWTH RATE BETWEEN 2017 AND 2022 30
4.4 CHINA EXPECTED TO WITNESS THE HIGHEST GROWTH RATE BETWEEN 2017 AND 2022 31
5 MARKET OVERVIEW 32 5.1 INTRODUCTION 33 5.2 MARKET DYNAMICS 33 5.2.1 DRIVERS 34
5.2.1.1 Rising demand for handheld devices 34 5.2.1.2 Increased government spending on education for the differently abled 34 5.2.2 RESTRAINTS 35 5.2.2.1 Lack of prosody and pronunciation of naturally occurring speech 35 5.2.3 OPPORTUNITIES 35 5.2.3.1 Enabling seamless communication between human beings and robots 35 5.2.3.2 Growing market for artificial intelligence 35 5.2.4 CHALLENGES 36 5.2.4.1 Creation of a generic acoustic database that covers language variations 36
5.2.4.2 Slow network speed in some of the regions limits the adoption of cloud-based text-to-speech services 36
6 INDUSTRY TRENDS 37 6.1 INTRODUCTION 37 6.2 VALUE CHAIN ANALYSIS 38
6.2.1 CORE INDUSTRY SEGMENTS 39 6.2.1.1 Research and product development 39