The global text to speech market is anticipated to grow at a considerable CAGR of 15.2% during the forecast period. Significant raise in the funding for text to speech technology providing start-ups to unleash the full potential of this technology in betterment of human life is a key factor driving the growth of the global text to speech market. Vitra.ai, Synthesia, and Gabb among others are the key start-ups that have raised funding for the development of their text to speech service. For instance, in April 2021, Vitra.ai has raised undisclosed amount of fund (ranging between $150,000-$1 million) from Inflexor Ventures, a deep-tech VC as a part of its DeepTech Fellowship Programme with Venture Capital firm 100X.VC.
Browse the full report description of "Global Text to Speech Market Size, Share & Trends Analysis Report by Type (Solution, Service), By Vertical (Automotive & Transportation, Enterprise, Consumer Electronics, Healthcare, BFSI, Education, Retail, Others (Entertainment & Government), Forecast Period 2021-2027" at https://www.omrglobal.com/industry-reports/text-to-speech-market
In April 2021, AI video generation provider Synthesia had raised $12.5m in Series A funding. The Series A round was led by New York-based FirstMark Capital, an early-stage VC firm with investments in companies such as Riot Games, Airbnb, and Shopify. The raised amount will be used by the company to focus on enterprise user growth and product development. In the same month, Kids' cellphone startup Gabb had raised $14 million in new funding and counts former BYU and current New Orleans Saints football star Taysom Hill among its new investors. With this funding, the company aims to provide kids a safe first phone with no internet, social media or games that protects them against "internet dangers, inappropriate content and screen-time addiction."
Market Coverage
o By Type
o By Vertical
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Which is the Most affected region and segment
Global Text to Speech Market Report Segment
By Type
By End-User Vertical
Global Text to Speech Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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