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Global Text-to-Speech (Software, Services) Market 2021-2026 - Growing Inclination Toward Cloud-Based Deployment Mode

Dublin, Feb. 18, 2021 (GLOBE NEWSWIRE) The "Global Text-to-Speech Market with COVID-19 Impact Analysis by Offering (Software, Services), Vertical (Enterprise, Consumer Electronics, Education, Retail), Deployment, Language, Organization Size, Voice Type, and Geography - Forecast 2026" report has been added to ResearchAndMarkets.com's offering. The global text-to-speech market was valued at USD 2 billion in 2020 and is estimated to reach USD 5 billion by 2026, registering a CAGR of 14.6% during the forecast period. The rising demand for handheld devices, increased government spending on education for differently-abled, the dependence of the growing elderly population on technology, and the rising number of people with different learning disabilities or learning styles are factors driving the growth of the text-to-speech market. However, the lack of prosody and pronunciation of naturally occurring speech may restrain the growth of the market during the review period. Larg ....

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