Text-to-speech market size to grow by USD 3.14 billion between 2020 and 2025; Growth driven by the emergence of handheld devices with text-to-speech functionality - Technavio
NEW YORK, March 20, 2023 /PRNewswire/ -- The text-to-speech market size is estimated to grow by USD 3.14 billion from 2020 to 2025.
- NEW YORK, March 20, 2023 /PRNewswire/ -- The text-to-speech market size is estimated to grow by USD 3.14 billion from 2020 to 2025.
- However, the growth momentum will be decelerating at a CAGR of 16.81% according to Technavio.
- The market is driven by factors such as the emergence of handheld devices with text-to-speech functionality, information and communications technology (ICT) penetration in the education sector, and numerous benefits for content creators.
- This has encouraged developers to increase efforts in the development of solutions that provide reliable and satisfactory translations between texts using desktops and laptops.