Market Share of Text-to-Speech Industry
Text-to-Speech Market is semi-consolidated due to the presence of many global companies, such as IBM Corporation, Amazon Web Services Inc, Google LLC, and Microsoft Corporation, which have contributed to the overall market share. Text-to-Speech Market vendors increasingly focus on delivering enhanced solutions through innovations, collaborations, and investment in R&D to increase their market presence during the forecast period.
In October 2022, IBM Corporation planned to expand its embeddable AI software portfolio by releasing three new libraries designed to help IBM Ecosystem partners, clients, and developers more easily, quickly, and cost-effectively build their AI-powered solutions and bring them to market, which includes the building of natural language processing, speech to text, and text to speech capabilities into applications across any hybrid, multi-cloud environment.
Text-to-Speech Market Leaders
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Amazon Web Services, Inc
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IBM Corporation
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Google LLC
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Microsoft Corporation
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Synthesys.io
*Disclaimer: Major Players sorted in no particular order
