Global Text to Speech AI Model Market Research Report 2025

Publication ID:

PB504250111

Publication Date:

April 8, 2025

Pages:

Publisher:

MRRPB5

Countries:

Global [1]

USD 2,900.00

IT Services [2]

Computing & Electronics [3]

Description:

The global market for Text to Speech AI Model was valued at US$ 5504 million in the year 2024 and is projected to reach a revised size of US$ 13420 million by 2031, growing at a CAGR of 15.3% during the forecast period.
Text-to-Speech (TTS) AI model refers machine learning-based system that converts written text into natural-sounding speech. These models use deep learning, natural language processing (NLP), and voice synthesis techniques to generate human-like voices in multiple languages and accents. Modern TTS AI models leverage neural networks to improve prosody, tone, and emotion, making them highly realistic.
North American market for Text to Speech AI Model is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Text to Speech AI Model is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global market for Text to Speech AI Model in Voice Assistants and Chatbots is estimated to increase from $ million in 2024 to $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global companies of Text to Speech AI Model include ElevenLabs, Deepgram, WellSaid Labs, OpenAI, Lovo AI, Speechify, Murf, PlayHT, Amazon Polly, Google Text-to-Speech AI, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Text to Speech AI Model, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Text to Speech AI Model.
The Text to Speech AI Model market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Text to Speech AI Model market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Text to Speech AI Model companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
ElevenLabs
Deepgram
WellSaid Labs
OpenAI
Lovo AI
Speechify
Murf
PlayHT
Amazon Polly
Google Text-to-Speech AI
Microsoft Azure TTS AI
Ali AI
Tencent Zhiying
Hefei Kexun Chuangxiang Software Development Co
Segment by Type
Cloud-Based
On-Premise
Embedded
Segment by Application
Voice Assistants and Chatbots
Audiobooks and E-Learning
Customer Service
Content Creation & Dubbing
Navigation and Automotive
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Text to Speech AI Model company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Text to Speech AI Model Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Cloud-Based
1.2.3 On-Premise
1.2.4 Embedded
1.3 Market by Application
1.3.1 Global Text to Speech AI Model Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Voice Assistants and Chatbots
1.3.3 Audiobooks and E-Learning
1.3.4 Customer Service
1.3.5 Content Creation & Dubbing
1.3.6 Navigation and Automotive
1.3.7 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Text to Speech AI Model Market Perspective (2020-2031)
2.2 Global Text to Speech AI Model Growth Trends by Region
2.2.1 Global Text to Speech AI Model Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Text to Speech AI Model Historic Market Size by Region (2020-2025)
2.2.3 Text to Speech AI Model Forecasted Market Size by Region (2026-2031)
2.3 Text to Speech AI Model Market Dynamics
2.3.1 Text to Speech AI Model Industry Trends
2.3.2 Text to Speech AI Model Market Drivers
2.3.3 Text to Speech AI Model Market Challenges
2.3.4 Text to Speech AI Model Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Text to Speech AI Model Players by Revenue
3.1.1 Global Top Text to Speech AI Model Players by Revenue (2020-2025)
3.1.2 Global Text to Speech AI Model Revenue Market Share by Players (2020-2025)
3.2 Global Top Text to Speech AI Model Players by Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Text to Speech AI Model Revenue
3.4 Global Text to Speech AI Model Market Concentration Ratio
3.4.1 Global Text to Speech AI Model Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Text to Speech AI Model Revenue in 2024
3.5 Global Key Players of Text to Speech AI Model Head office and Area Served
3.6 Global Key Players of Text to Speech AI Model, Product and Application
3.7 Global Key Players of Text to Speech AI Model, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Text to Speech AI Model Breakdown Data by Type
4.1 Global Text to Speech AI Model Historic Market Size by Type (2020-2025)
4.2 Global Text to Speech AI Model Forecasted Market Size by Type (2026-2031)
5 Text to Speech AI Model Breakdown Data by Application
5.1 Global Text to Speech AI Model Historic Market Size by Application (2020-2025)
5.2 Global Text to Speech AI Model Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Text to Speech AI Model Market Size (2020-2031)
6.2 North America Text to Speech AI Model Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Text to Speech AI Model Market Size by Country (2020-2025)
6.4 North America Text to Speech AI Model Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Text to Speech AI Model Market Size (2020-2031)
7.2 Europe Text to Speech AI Model Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Text to Speech AI Model Market Size by Country (2020-2025)
7.4 Europe Text to Speech AI Model Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Text to Speech AI Model Market Size (2020-2031)
8.2 Asia-Pacific Text to Speech AI Model Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Text to Speech AI Model Market Size by Region (2020-2025)
8.4 Asia-Pacific Text to Speech AI Model Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Text to Speech AI Model Market Size (2020-2031)
9.2 Latin America Text to Speech AI Model Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Text to Speech AI Model Market Size by Country (2020-2025)
9.4 Latin America Text to Speech AI Model Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Text to Speech AI Model Market Size (2020-2031)
10.2 Middle East & Africa Text to Speech AI Model Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Text to Speech AI Model Market Size by Country (2020-2025)
10.4 Middle East & Africa Text to Speech AI Model Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ElevenLabs
11.1.1 ElevenLabs Company Details
11.1.2 ElevenLabs Business Overview
11.1.3 ElevenLabs Text to Speech AI Model Introduction
11.1.4 ElevenLabs Revenue in Text to Speech AI Model Business (2020-2025)
11.1.5 ElevenLabs Recent Development
11.2 Deepgram
11.2.1 Deepgram Company Details
11.2.2 Deepgram Business Overview
11.2.3 Deepgram Text to Speech AI Model Introduction
11.2.4 Deepgram Revenue in Text to Speech AI Model Business (2020-2025)
11.2.5 Deepgram Recent Development
11.3 WellSaid Labs
11.3.1 WellSaid Labs Company Details
11.3.2 WellSaid Labs Business Overview
11.3.3 WellSaid Labs Text to Speech AI Model Introduction
11.3.4 WellSaid Labs Revenue in Text to Speech AI Model Business (2020-2025)
11.3.5 WellSaid Labs Recent Development
11.4 OpenAI
11.4.1 OpenAI Company Details
11.4.2 OpenAI Business Overview
11.4.3 OpenAI Text to Speech AI Model Introduction
11.4.4 OpenAI Revenue in Text to Speech AI Model Business (2020-2025)
11.4.5 OpenAI Recent Development
11.5 Lovo AI
11.5.1 Lovo AI Company Details
11.5.2 Lovo AI Business Overview
11.5.3 Lovo AI Text to Speech AI Model Introduction
11.5.4 Lovo AI Revenue in Text to Speech AI Model Business (2020-2025)
11.5.5 Lovo AI Recent Development
11.6 Speechify
11.6.1 Speechify Company Details
11.6.2 Speechify Business Overview
11.6.3 Speechify Text to Speech AI Model Introduction
11.6.4 Speechify Revenue in Text to Speech AI Model Business (2020-2025)
11.6.5 Speechify Recent Development
11.7 Murf
11.7.1 Murf Company Details
11.7.2 Murf Business Overview
11.7.3 Murf Text to Speech AI Model Introduction
11.7.4 Murf Revenue in Text to Speech AI Model Business (2020-2025)
11.7.5 Murf Recent Development
11.8 PlayHT
11.8.1 PlayHT Company Details
11.8.2 PlayHT Business Overview
11.8.3 PlayHT Text to Speech AI Model Introduction
11.8.4 PlayHT Revenue in Text to Speech AI Model Business (2020-2025)
11.8.5 PlayHT Recent Development
11.9 Amazon Polly
11.9.1 Amazon Polly Company Details
11.9.2 Amazon Polly Business Overview
11.9.3 Amazon Polly Text to Speech AI Model Introduction
11.9.4 Amazon Polly Revenue in Text to Speech AI Model Business (2020-2025)
11.9.5 Amazon Polly Recent Development
11.10 Google Text-to-Speech AI
11.10.1 Google Text-to-Speech AI Company Details
11.10.2 Google Text-to-Speech AI Business Overview
11.10.3 Google Text-to-Speech AI Text to Speech AI Model Introduction
11.10.4 Google Text-to-Speech AI Revenue in Text to Speech AI Model Business (2020-2025)
11.10.5 Google Text-to-Speech AI Recent Development
11.11 Microsoft Azure TTS AI
11.11.1 Microsoft Azure TTS AI Company Details
11.11.2 Microsoft Azure TTS AI Business Overview
11.11.3 Microsoft Azure TTS AI Text to Speech AI Model Introduction
11.11.4 Microsoft Azure TTS AI Revenue in Text to Speech AI Model Business (2020-2025)
11.11.5 Microsoft Azure TTS AI Recent Development
11.12 Ali AI
11.12.1 Ali AI Company Details
11.12.2 Ali AI Business Overview
11.12.3 Ali AI Text to Speech AI Model Introduction
11.12.4 Ali AI Revenue in Text to Speech AI Model Business (2020-2025)
11.12.5 Ali AI Recent Development
11.13 Tencent Zhiying
11.13.1 Tencent Zhiying Company Details
11.13.2 Tencent Zhiying Business Overview
11.13.3 Tencent Zhiying Text to Speech AI Model Introduction
11.13.4 Tencent Zhiying Revenue in Text to Speech AI Model Business (2020-2025)
11.13.5 Tencent Zhiying Recent Development
11.14 Hefei Kexun Chuangxiang Software Development Co
11.14.1 Hefei Kexun Chuangxiang Software Development Co Company Details
11.14.2 Hefei Kexun Chuangxiang Software Development Co Business Overview
11.14.3 Hefei Kexun Chuangxiang Software Development Co Text to Speech AI Model Introduction
11.14.4 Hefei Kexun Chuangxiang Software Development Co Revenue in Text to Speech AI Model Business (2020-2025)
11.14.5 Hefei Kexun Chuangxiang Software Development Co Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer

Companies Mentioned:

ElevenLabs
Deepgram
WellSaid Labs
OpenAI
Lovo AI
Speechify
Murf
PlayHT
Amazon Polly
Google Text-to-Speech AI
Microsoft Azure TTS AI
Ali AI
Tencent Zhiying
Hefei Kexun Chuangxiang Software Development Co

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