Text-to-speech Education Technology Market to Grow at CAGR of 8.63 %: Global Market Opportunities, Threats Faced by the Key Vendors Analysis and Forecast 2017-2021

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Text-to-speech Education Technology market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the Text-to-speech Education Technology market (drivers, opportunities, industry specific challenges, and other critical issues) along with the Text-to-speech Education Technology market size of various segments.

The access to education is gaining mass adoption, largely triggered by e-learning, it also brings into consideration the need to tailor teaching methods. This is essential to create achievable milestones that can meet the objective of providing education to all learners in an equitable manner. As a result, apart from investing in products and services to increase access to education, despite financial, time, and geographic constraints, there is a need to consider assistive technologies as well, to meet this objective. The below exhibit broadly explains the key elements involved in the execution of assistive technologies in educational institutions.

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On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Text-to-speech Education Technology market projected to grow at a CAGR of 8.63% during the period 2017-2021.

Text-to-speech Education Technology Market Drivers, Challenges and Trends: –

Market Driver: – One of the primary drivers in the market is growth of m-learning. the increased adoption of mobile phone and tablets by students and faculty has led to the rise in m-learning methods. vendors in developed countries such as the us and the uk adopt m-learning methods to provide users with real-time access to educational content when the requirement arises. with the increase in global smartphone shipments from 490 million units in 2011 to 1.43 billion units in 2015 many emerging geographies such as india, new zealand, and the middle east and africa are amending their educational structure and policies to create a technology-driven learning environment.

Market Challenge: – One major challenge in the market is threat from open-source platforms. providers of text-to-speech solutions are experiencing increased competition from open resources for education, such as pediaphon (funded by various non-profit organizations). these open-source platforms are gaining popularity due to the availability of text-to-speech software solutions free of cost or at a relatively lower price when compared with text-to-speech solution providers that charge fee or subscription. these open resources allow a unlimited number of users to use these platforms free of charge. also, the speech software is offered for a range of subjects in different languages. a combination of various products from multiple open-source vendors can cover almost all functionalities provided by proprietary software providers. also, since the software is freely available and can be used by any number of users, the popularity of this software has surged significantly.

Market trend: – One of latest trends in the market is increase in government investments in education for differently abled students. Improvements in the educational content provided through digital platforms have prompted increased investments from the government sector. This will help institutions with technologically advanced education system to provide quality education to students. Also, it will eventually benefit the nation as a whole, as students with quality education can contribute to the economic growth of the nation

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Market segmentation by schools:-  text-to-speech education technology market by schools for students with special needs, text-to-speech education technology market by higher educational institutions, text-to-speech education technology market by K-12 schools

Geographic Segmentation: – APAC, Europe, North America, ROW

To calculate the Text-to-speech Education Technology market size the report considers the revenue generated from the sales of text-to-speech software solutions and related services for a fee or license to educational institutions. The report covers the market landscape and its growth prospects over the coming years.  Further it converses about key vendors operating in Text-to-speech Education Technology market like IVONA Software, NaturalReader, NextUp Technologies, Claro Software, Texthelp and many more.

Some of the Exhibits included in Text-to-speech Education Technology Market report: –

Exhibit 01: Countries covered for market analysis

Exhibit 02: Product offerings

Exhibit 03: Execution of assistive technologies: Key elements

Exhibit 04: Global e-learning market 2015-2020 ($ billions)

Exhibit 05: Global text-to-speech education technology market 2015-2020 ($ millions)

 

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With geographic breakdown of the Text-to-speech Education Technology market in terms of detailed analysis and impact, this report provides business dimensions with an eye on growth opportunities and contribution of upcoming market segments.

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