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Global Text-To-Speech Market Expected to Reach $5 0 Billion By 2026, Registering a CAGR of 14 6%

Share this article Share this article PALM BEACH, Fla., Feb. 2, 2021 /PRNewswire/  The COVID-19 situation has positively affected R&R and the introduction of various text-to0speech software and solutions. The demand for such solutions has significantly risen to social distancing and stay-at-home regulations worldwide. The increased demand for these solutions is expected to exhibit a higher adoption in industries and healthcare, e-learning and media and entertainment, to optimize the overall executions of their respective operations. A report from MarketsAndMarkets projected that the text-to-speech market was valued at USD 2.0 billion in 2020 and is estimated to reach USD 5.0 billion by 2026, registering a CAGR of 14.6% during the forecast period. The report said: Services are expected to hold a major share during the forecast period. Services play a vital role in the functionality of text-to-speech software. They are an integral step in deploying tools and are taken care of by s

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