Increasing number of people suffering from visual impairments and learning disabilities is expected to drive market expansion in the near futureat a CAGR of 13.20% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Text to speech Market” that contains information from 2018 to 2032. The text to speech market is estimated to register a CAGR of 13.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global text to speech market— Nuance Communications (U.S.), Google LLC (U.S.), Apple, Inc. (U.S.), Amazon.com, Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), iFlytek (China), Baidu (China), LumenVox LLC (U.S.), Sensory, Inc. (U.S.), Sestek (Turkey), and Dolbey Systems, Inc. (U.S.).

Market Highlights

The global text to speech market is accounted to register a CAGR of 13.20% during the forecast period and is estimated to reach USD 6.7 billion by 2032.

Voice callers have given way to increasingly sophisticated mobile computers that can be used for online surfing, photo editing, multilingual translation, navigation, and organizing multimedia and entertainment content. Text-to-speech technology has several advantages for people with visual impairments and learning disabilities. Understanding content is difficult for those who struggle with dyslexia or other reading difficulties. The Retail made the most money. This is a result of the retail sector's development of voice technology that can be tailored to carry out tasks both online and in-store.

Segment Analysis

The global text to speech market has been segmented based on Type, Component, Language, Deployment mode, Organization, End users

Based on Type, the market is segmented into Non-Neural, Neural, and Custom. The Neural segment was attributed to holding the largest market share in 2022. Because by applying deep learning techniques, it produces speech that is more lifelike and human-like.

Based on Component, the global text to speech market has been segmented into Software/Solution, and Services. The Software segment was expected to hold the largest market share in 2022. Considering that text-to-speech software facilitates the easy access to audio content.

Based on Language, the global text to speech market has been segmented into English, Spanish, Arabic, Chinese, and Others. The English segment was expected to hold the largest market share in 2022. Considering that English is among the languages that the TTS market supports the most widely.

Based on Deployment mode, the global text to speech market has been segmented into Cloud based and On-Premise. The Cloud based segment was expected to hold the largest market share in 2022 because cloud-based technology makes it possible for user apps or software.

Based on Organization, the global text to speech market has been segmented into Small, Medium Enterprise, and Large Enterprise. The Large Enterprise segment was expected to hold the largest market share in 2022. This is because big corporations are using speech recognition, chat bots, and virtual help.

Based on End users, the global text to speech market has been segmented into Introduction, Consumer, Healthcare, Automotive & Transportation, Education, BFSI, Assistant tool for visually impaired or disabilities, Travel and Hospitality, Retail, Enterprise, and Others. The Retail segment was expected to hold the largest market share in 2022. This is due to the fact that voice technology is being developed by the retail sector and can be tailored to accomplish tasks both online and in-store.

Regional Analysis

The global text to speech market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe text to speech market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The text to speech market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World text to speech market comprises of Middle East, Africa, and Latin America.

The largest market share for text to speech was maintained by the North American regional sector. For those who struggle with reading or vision problems, TTS technology is essential in delivering accessible solutions. TTS market expansion is facilitated by growing attention and awareness of the need to make digital material accessible. More and more smart products; including tablets, smart phones, and smart home appliances, are incorporating TTS technology. Voice commands, navigation, and spoken feedback are made possible by this integration, which improves the user experience.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for text to speech is driven by raising the automotive industry for voice-activated controls, infotainment systems, and in-car navigation. The need for TTS systems is increased by the growing integration of speech interfaces in automobiles.

Additionally, numerous industries, including automotive, consumer electronics, healthcare, education, BFSI, and retail, are currently seeing considerable expansion in the Asia-Pacific area. Although the region's economy is growing and consumers' purchasing power is increasing, this expansion is also helping various sectors in the area advance technologically. The increasing need for smart technology, connected autos, and highly secure authenticating devices, along with the growing use of educational aids and assessment systems.

Furthermore, the rest of the world's text to speech market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of potential for longer-term reuse of carbon-free hydrogen in the production. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global text to speech market is expected to reach USD 6.7 billion by 2032, at a CAGR of 13.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasing need for smart technology, connected autos, and highly secure authenticating devices, along with the growing use of educational aids and assessment systems.


• Based on type, the neural segment was attributed to holding the largest market share in 2022.


• Nuance Communications (U.S.), Google LLC (U.S.), Apple, Inc. (U.S.), Amazon.com, Inc. (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), iFlytek (China), Baidu (China), LumenVox LLC (U.S.), Sensory, Inc. (U.S.), Sestek (Turkey), and Dolbey Systems, Inc. (U.S.).