That bit about tts characters have become essential for present-day technology and are actively used in just a few sectors thanks to their effectiveness alongside cost efficiency. In 2018, the valued global market of text to speech was estimated over $3 billion and it is expected grow at a CAGR (Compound Annual Growth Rate) of more than 14.6% during next five years. This growth is a testament to the growing need for TTS among customer service, education, and content creation applications.
A big plus about TTS characters is their capability to process the same info and give it in a very consistent way accurately. Would you, for example, want companies like Amazon or Google to use thin-sounding TTS technology in their virtual assistants so user receive precise but robotic information without the variability an actual human operator might introduce. Thousands of TTS characters can take care people with no need to queue or wait on the line, so respond time is way faster and more users are satisfied.
The entertainment industry, especially in gaming has also adopted TTS characters. It helps game developers to develop interactive experiences where the characters can talk with the players live. This not only improves gameplay but also reduces the cost of hiring voice actors by quite a bit. As an example, OtherTTS characters saved the gaming industry approximately 500 million baht in revenue for just one year of use (in this case, it should be noted that TTS is much cheaper than traditional voice-over services).
Additionally, the TTS characters are essential for accessibility. More than 1 billion people in the world suffer from certain disabilities, and a substantial part of that demographic is facilitated by TTS technology as per World Health Organization. However, TTS characters make it possible for these people to read and promote information equality. Educational institutions and government agencies are turning to TTS technology more frequently as a result, registering it at 20% in increase of usage over just the last year.
If one of the most famous entrepreneurs Elon Musk once had this to say about AI, ” […] The pace with which things are developing is incredibly fast!” And this is highly relevant when we look at the evolution of TTS technology. These TTS characters are becoming almost human-like as artificial intelligence development continues, and this is increasing the range of uses in different industries with a superior user interface/usability.
The ROI gained by businesses also has a wide range when using TTS characters. According to a Gartner report, companies could save up to 30% on their operational costs if they incorporated TTS technology in customer support. This is mainly because TTS agents will drastically reduce the number of live agents you need to support a large volume of Calls/Inquiries.
TTS characters bring content to life by allowing students to engage with personalized teaching material in an interactive way, enhancing the educational experience. Research from the University of Cambridge discovered that students who use TTS technology for reading have a 15% increase in their ability to comprehend material compared to when they did not. The very fact that the great effect of TTS characters on learning can also be demonstrated became clear.
Conclusively, text to speech characters are creating a wide range of impacts in almost every industry for their efficiency with affordability which also results in providing an enhanced user experience. As the technology develops, TTS characters will probably become even more popular and pave way to some great innovations for accessibility.
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