Text-to-Speech market is expected to be valued at USD 4.0 billion in 2024

Text-to-Speech market is expected to be valued at USD 4.0 billion in 2024 and is projected to reach USD 7.6 billion by 2029; it is expected to grow at a CAGR of 13.7% from 2024 to 2029. Text-to-speech (TTS) technology has rapidly advanced, transforming the way people consume information, especially in the realm of news. TTS, which converts written text into spoken words, is now more natural-sounding and accessible than ever, thanks to developments in artificial intelligence and machine learning. This technology is revolutionizing the news industry, making news more accessible to people with visual impairments, those who prefer auditory learning, and individuals on the go. The Evolution of Text-to-Speech Technology TTS technology has come a long way since its inception. Early versions of TTS were robotic and monotone, offering a less-than-ideal user experience. However, rece...