Global Speech Synthesis Market Trends

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Global Speech Synthesis Market Size, Share, and Trends Analysis Report Trends

  • ICT
  • Jan 2025
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

“Integration of Neural Network-Based Models”

The global speech synthesis market is witnessing rapid advancements, driven by the increasing adoption of AI-powered voice technologies. Speech synthesis, or text-to-speech (TTS), plays a critical role in enhancing accessibility, user experience, and interaction across industries such as healthcare, automotive, and consumer electronics. A notable innovation is the integration of neural network-based models, which produce more natural, human- such as speech, enabling emotional expressions and tonal variations. One emerging trend is the rising demand for multilingual voice solutions, addressing the need for localized and personalized user experiences in global markets. This evolution, combined with applications in voice assistants, e-learning platforms, and smart devices, highlights the market’s robust growth potential and its transformative impact on communication and accessibility worldwide.

Frequently Asked Questions

The market is segmented based on Segmentation, By Component (Software and Services), Deployment Mode (Cloud-Based and On-Premise), Language (English, Spanish, Hindi, Chinese, and Other Languages), Voice (Neural & Custom, and Non-Neural), Solution (Accessibility, and Voice-based AI) – Industry Trends and Forecast to 2032 .
The Global Speech Synthesis Market size was valued at USD 15.20 USD Billion in 2024.
The Global Speech Synthesis Market is projected to grow at a CAGR of 22.1% during the forecast period of 2025 to 2032.
The major players operating in the market include Microsoft ,Microsoft Corporation ,IBM ,Google ,Sensory Inc. ,Amazon ,ReadSpeaker B.V. ,LumenVox. ,Acapela Group ,CereProc Ltd. ,SESTEK , iFLYTEK Corporation ,Textspeak Corporation , iSpeechInc. ,BaiduInc. ,Facebook ,Govivace Inc. ,GL Communications Inc. .
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.