The global text to speech market is anticipated to grow at a considerable CAGR of 15.2% during the forecast period. Significant raise in the funding for text to speech technology providing start-ups to unleash the full potential of this technology in betterment of human life is a key factor driving the growth of the global text to speech market. Vitra.ai, Synthesia, and Gabb among others are the key start-ups that have raised funding for the development of their text to speech service. For instance, in April 2021, Vitra.ai has raised undisclosed amount of fund (ranging between $150,000-$1 million) from Inflexor Ventures, a deep-tech VC as a part of its DeepTech Fellowship Programme with Venture Capital firm 100X.VC.
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In April 2021, AI video generation provider Synthesia had raised $12.5m in Series A funding. The Series A round was led by New York-based FirstMark Capital, an early-stage VC firm with investments in companies such as Riot Games, Airbnb, and Shopify. The raised amount will be used by the company to focus on enterprise user growth and product development. In the same month, Kids’ cellphone startup Gabb had raised $14 million in new funding and counts former BYU and current New Orleans Saints football star Taysom Hill among its new investors. With this funding, the company aims to provide kids a safe first phone with no internet, social media or games that protects them against “internet dangers, inappropriate content and screen-time addiction.”
Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
Segment Covered-
Ø By Type
Ø By Vertical
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Amazon.Com, Inc., Apifonica, Cereproc Ltd., Charmtech Labs Llc, IBM Corp., Microsoft Corp., and Naturalsoft Ltd.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
Ø Deviation from the pre-COVID-19 forecast
Ø Which is the Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Text to Speech Market Report Segment
By Type
- Solution
- Service
By End-User Vertical
- Automotive & Transportation
- Enterprise
- Consumer Electronics
- Healthcare
- BFSI
- Education
- Retail
- Others (Entertainment & Government)
Global Text to Speech Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of The World
- Latin America
- Middle East & Africa
Company Profiles
- Acapela Group
- Amazon.Com, Inc.
- Apifonica
- Cereproc Ltd.
- Charmtech Labs Llc
- IBM Corp.
- Indian Text to Speech Pvt Ltd
- Innoetics
- Ispeech, Inc.
- Linguatec
- Lumenvox, Llc
- Microsoft Corp.
- Naturalsoft Ltd.
- Nextup Technologies, Llc
- Nuance Communications Inc.
- Readspeaker Holding B.V.
- Sestek
- Textspeak Corp.
- Voice Dream Llc
- Wideo Inc.
- Zabaware, Inc.
Reasons to Buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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