Global Research Text-to-Speech Market Technological Development a | Page 2
Challenges such as non-compatibility of devices, digital incompetency during conversion of written content to audio
and low investment by companies, occur in the text-to-speech market. Market is segmented by vertical into consumer
electronics, enterprise, healthcare, finance, education, automotive & transportation, retail and education. Retail &
education segment is likely to account for a higher share in the international market.
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Market is geographically segmented into North America, South America, Europe, Asia-Pacific, Middle East and Africa.
North America market dominates the global market scenario and is estimated to grow at a higher CAGR during the
forecast period. The U.S. market is consistently expanding due to rise in trend of machine learning, innovative
approach for text-to-speech technology and constantly rise in government initiatives in the medical and education
sector.
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Market Segment:
The key players covered in this study
• Nuance Communication
• Microsoft
• Sensory
• Amazon
• Neospeech
• Lumenvox
• Acapel
• Cereproc