The Text-To-Speech Software Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
The market size for the text-to-speech software industry has witnessed rapid expansion in recent times. The market, valued at $3.98 billion in 2024, is predicted to reach $4.76 billion by 2025 growing at a Compound Annual Growth Rate (CAGR) of 19.5%.
The Text-To-Speech Software Global Market is projected to grow to a market size of $9.7 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 19.5%.
Download Your Free Sample of the 2025 Text-To-Speech Software Market Report and Uncover Key Trends Now!The key drivers in the text-to-speech software market are:
• Increasing use in customer service and support sectors
• Proliferation of healthcare and assistive technology applications
• Enhancement and adoption of AI and machine learning capabilities
• Rising demand for multilingual support and personalized voice experiences
The text-to-speech software market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Mode: Cloud, On-Premise
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprise
4) By Industry Vertical: Consumer Electronics, Automotive and Transportation, Healthcare, Education, Finance, Retail, Enterprise, Other Industries
Subsegments:
1) By Solution: Cloud-Based Text-To-Speech Solutions, On-Premises Text-To-Speech Solutions, Multi-Language TTS Solutions, Voice Customization And Personalization Solutions, API-Based Text-To-Speech Integrations
2) By Services: Implementation And Integration Services, Technical Support And Maintenance Services, Training And Consultation Services, Content Creation And Script Development Services, Voice Talent And Recording Services
The key trends in the text-to-speech software market are:
• There is an escalating shift towards more natural-sounding voices in text-to-speech software.
• The integration of this technology with IoT and smart devices is an emerging trend.
• The adoption of AI-driven voice synthesis is rapidly shaping the future of this market.
• There is an interesting trend of expanding the software into new languages and dialects, along with an increased focus on data privacy and security.
Major players in the text-to-speech software market are:
• Google LLC
• Microsoft Corporation
• Amazon Web Services Inc.
• International Business Machines Corporation
• Vonage Holdings Corp.
• Nuance Communications Inc.
• Texthelp Ltd.
• Acapela Group SA
• Loquendo S.p.A.
• Listnr Technologies Pty Ltd.
• Speechify Inc.
• ReadSpeaker Holdings B.V.
• Synthesia.io Limited
• Sensory Inc.
• Linguatec Sprachtechnologien GmbH
• Eleven Labs Inc.
• Murf AI Inc.
• Resemble AI Inc.
• Claro Software Ltd.
• iSpeech Inc.
• VocaliD Inc.
• CereProc Ltd.
• Wavel AI
• NaturalReader Inc.
North America was the largest region in the text-to-speech software market in 2024