The Asia-Pacific text to speech market is anticipated to grow at a considerable CAGR of 17.0% during the forecast period (2021-2027). 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 Asia-Pacific text to speech market. 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, Sendbird, a popular provider of chat, video and other interactive services has closed a round of $100 million funding. With this fund the company plans to continue expanding the functionalities of its platform to meet the changing interactive times.
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Further, in March 2021, the BTS group has invested nearly $3.6 million into synthetic voice startup Supertone for the improvement of it text to speech technology. In February 2021, Educational app developer ELSA (English Language Speech Assistant) has raised $15 million in the Series B funding round led by Vietnam Investments Group and SIG. ELSA uses automatic speech recognition and AI to teach users how to speak correctly pronounced English with ELSA English and Accent AI.
A Full Report of Asia-Pacific Text to speech Market is Available at: https://www.omrglobal.com/industry-reports/asia-pacific-text-to-speech-market
Asia-Pacific 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)
Asia-Pacific Text to Speech Market Report Segment by Region
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
