Latest News- Text-To-Speech Market: English is expected to lead the Language segment during 2025-2029

The Text-To-Speech Market is being driven by Rising demand for voice-enabled devices

The Text-To-Speech Market is expected to grow at a CAGR of 14.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3987.2 million. The global text-to-speech (TTS) market is experiencing significant growth, with a focus on advanced AI-driven models that deliver highly natural, expressive, and contextually-aware speech synthesis. These models employ deep learning and extensive language training to replicate human-like intonation, rhythm, and emotion with increasing accuracy. As of May 7, 2025, Sarvam AI, an Indian AI startup, launched Bulbul-v2, a neural TTS model supporting 11 Indian languages with authentic regional accents. Designed for business applications, Bulbul-v2 offers fine control over pitch, pace, and loudness, as well as real-time synthesis and support for code-mixed text. It also features customizable voice personalities, low latency, and smart text normalization, making it a leading solution for speech AI tailored to local markets. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Language
  • English
  • Chinese
  • Spanish
  • Others
• Technology
  • Neural TTS
  • Concatenative TTS
  • Formant-based TTS
• Type
  • Natural voices
  • Synthetic voices
• End-user
  • Automotive and transportation
  • Healthcare
  • Consumer Electronics
  • Finance
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for voice-enabled devices
• Increased accessibility needs
• Growth in e-learning and remote work

However, the market also witnesses some limitations, which are as follows:

• Regulatory compliance
• Limitations of text-to-speech technology
• Ethical and misuse risks

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Market Scope in Text-To-Speech Market Research Report

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Research Analysis Overview

The Text-To-Speech (TTS) market encompasses various applications, including voice banking, speech therapy, and vocal training. Other sectors include audiobook narration, digital signage, interactive voice response, call center automation, voice search optimization, and voice commerce. Technologies like voice interface design, speech interface design, human-computer interaction, and various neural networks, such as deep neural networks, recurrent neural networks, convolutional neural networks, and transformer networks, are essential. Datasets for speech synthesis, speech recognition, and speech-to-text, along with data augmentation and evaluation metrics, are crucial for advancing TTS technology. Voice cloning technology and voice modulation technology also play significant roles, with metrics for their evaluation.

Market Research Overview

The Text-to-Speech (TTS) market is a segment of the broader IT application software industry. This market encompasses companies specializing in voice synthesis, speech recognition, natural language processing, text-to-speech engines, speech-to-text engines, voice cloning, voice modulation, speech analysis, voice biometrics, and voice user interfaces. These technologies enable computers to convert text into spoken words, understand spoken commands, and create customized voices. Technavio's market analysis covers global TTS market size, focusing on companies that provide these advanced software solutions, contributing to the overall IT application software market revenue.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/