The Asia-Pacific text to speech market is anticipated to grow at a considerable CAGR of 17.0% during the forecast period (2021-2027). The factors that are augmenting the market growth include growing spending of emerging economies on the education of differently-abled students. The growing demand for portable handheld devices, along with the rising dependence of the growing elderly population on technology are some other factors that are promoting the adoption of this technology; thereby, driving the growth of the Asia-Pacific text to speech market. 

The Asia-Pacific text to speech market is segmented based on type and vertical. Based on type, the market is segmented into solution & service. Based on type, the text to speech services market is anticipated to hold a considerable share during the forecast period. Services play a key role in the functionality of text-to-speech software hence is anticipated to contribute to the high share of this market segment. Based on vertical, the market is segmented into automotive & transportation, enterprise, consumer electronics, healthcare, BFSI, education, retail, others (entertainment & government

The text to speech market is its initial phase of its lifecycle and has lot of growth opportunities in the near future. Amazon.Com, Inc., Apifonica, Cereproc Ltd., Charmtech Labs Llc, IBM Corp., Microsoft Corp., and Naturalsoft Ltd. among others are the key players operating in the Asia-Pacific text to speech market. These players are adopting different growth strategies such as investment in technological advancement, mergers & acquisition, partnership, and collaboration among others to expand their footprints in the Asia-Pacific marketplace. As this market is in its initial phase of development hence, many startups are raising funding for the development of this technology. For instance, in February 2021, Educational app developer ELSA (English Language Speech Assistant) has raised $15 million in the Series B funding round led by Vietnam Investments Group and SIG. ELSA uses automatic speech recognition and AI to teach users how to speak correctly pronounced English with ELSA English and Accent AI. 

Research Methodology

The market study of the Asia-Pacific text to speech market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Asia-Pacific Text to speech Market Research And Analysis By Type
2. Asia-Pacific Text to speech Market Research And Analysis By Vertical

The Report covers:

• Comprehensive research methodology of the Asia-Pacific text to speech market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific text to speech market.
• Insights about market determinants which are stimulating the Asia-Pacific text to speech market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.