There are several benefits of text to speech (TTS) AI that makes it an invaluable tool for plenty of applications. In other words, it is expected that the global TTS market will grow to a staggering USD 5.5 billion by 2023 (CAGR of ~14.6% from 2021) Demand for easy and efficient access to more sophisticated yet affordable rendering solutions by industries such as education, entertainment, or customer service is driving this growth.
This is where the application of TTS AI increases accessibility — converting written text to voice as a way that visual impairments and reading difficulties are no longer barriers for content access. With more than 2.2 billion individuals unable to adequately see (World Health Organization) the TTS AI accessibility issue is literally a matter of life for an increasing fraction of our human society around us who can not otherwise have access to crucial information. Technology that allows them to access digital content, like read an article or listen to a book (or even browse the web)
TTS AI is incredibly fast which makes it a more popular choice amongst users. Traditional voiceover services are even more expensive and time-consuming, taking several weeks to create and requiring thousands of dollars. On the other hand, while difficult to get right, TTS AI can create high-quality audio in real-time or over minutes brings production times and costs down drastically. A media company, for example, reported that they saved 60% of production costs and cut delivery times in half when switching to TTS AI for their video content.
As noted by one of the most prominent supporters for AI technologies, Elon Musk: “AI is going to change everything as it relates to information and make it more efficient in terms of consuming info faster; it’s better [at] applying algorithms’https://medium.com/the-data-science-publication/ai-for-people-and-business-f0c39e11dff9 His statement echoes the revolutionary capability that TTS AI can bring to human life—faster content delivery as well personalized experience. TTS can be configured to speak in different accents, talk with high or low tones of voice and respond using sarcasm (gonna have people demanding so).(ek)in other news ttLoremasters cut their lienghtslines Loremaster scripts).
This along with its multilingual support, also offers a great help to businesses targeting global market. According to the International Data Corporation(NYSE: IDC) global report in 2022, TTS systems can generate speech in more than a hundred kinds of languages and dialects which is known for its utility tool by multinational companies. This capability enables businesses to reach a wider audience and communicate more effectively with customers globally, making the world less of an isolated place by spanning language.
To use or not to, that is the question — Why Text-to-Speech AI? is solved by making the technology capable of providing solutions that are easily reachable, cost-effective and scalable in improving user experience which will also open up new markets. Whether it is accessibility, cost-effectiveness or multilingual global reach, TTS AI has striking advantages that have contributed to its swift adoption by many sectors. To know how TTS AI can help you in your business, please visit text to speech ai.