Text-to-Speech
Market:
Industry Analysis
and
Opportunity
Assessment
Text-to speech is a type of service that understands natural language and generates audio output full with intonation and cadence. The text language should match with the voice language to produce synthesized audio output. The text-to-speech market witness considerable market demand in recent years. Text-to-speech technology market are subjected to market challenges which may lead to restraint in the growth of the market. This kind of speech synthesis has been difficult with female and children voices. Text-to-speech technology has difficulty in pronouncing numerical, abbreviations, acronyms, and thus suffers from the problem of correct pronunciation. The written digital content loses its emotion and attraction when converted into audio content, thus reducing its acceptability to companies. Companies still prefer to follow the tradition of written digital content, and this is estimated to act as a major restraining factor for the text-to-speech market during the forecast period. Obtain Report Details @ http://www.transparencymarketresearch.com/text-to-speech-market.html Text-to-speech software is installed in mobile devices automatically, and thus provides an opportunity to access the audio content more easily. Audio content is more convenient to understand. People prefer to access eBooks, pdf, and website content in audio format so that it will be easier for them to understand the content properly. The convenience of the audio content is projected to fuel the market prospects of text-to-speech technology during the forecast period. In terms of verticals, the text-to-speech market can be segmented into consumer electronics, education, healthcare, transportation, retail, finance, enterprise, and others. The consumer electronics segment held a prominent share of the Text-to-speech market. This technology has been used in smartphones for personal assistance apps and navigation. This type of technology has been widely used in televisions and laptops and are found to be very useful for people with vision problems. Considerable percentage of the world population suffers from some kind of
disability, and disability in vision comprises a major share. Therefore, text-to-speech technology is found to be very useful for differently-abled people, as audible content helps them understand the matter more easily. These people can live independently and stay connected with society with the help of this technology. This technology is easily accessible to people due to the growing demand for smartphones. This, in turn, is likely to propel the demand for text-to-speech technology during the forecast period. Make an Enquiry@ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=27290 In terms of geography, the text-to-speech market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. North America dominated the market and is estimated to maintain its dominant position in the market during the forecast period. The market in the U.S. is anticipated to expand consistently due to the increasing trend of machine learning and rise in demand for text-to-speech technology in the country. Moreover, rising government initiatives in the education sector and medical sector are likely to increase the demand for text-to-speech technology during the forecast period. Key players operating in the global text-to-speech market include Amazon.com, Microsoft Corporation, NeoSpeech, and Nuance Communication. The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications. About Us Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings
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