Global Voice Cloning Market Size To Power Energetically And Reach USD 14.06 Billion By 2032
As per Zion Market Research, the global market for voice cloning was expected to reach USD 14.06 Billion by 2032 from USD 1.58 Billion in 2023, at a 27.50% CAGR.
Major players in the global market are Smartbox Assistive Technology, Google, IBM, Microsoft, AT&T, AWS, Nuance Communications, Baidu, NeoSpeech, iSpeech, Cepstral, CereProc, Kata.ai, Lyrebird, Aristech GmbH, alt Inc., VocaliD, Acapela Group, Voctro Labs, Voicery, CandyVoice, exClone, rSpeak, LumenVox, and VivoText.
Developments In Techs Such As Artificial Intelligence And Machine Learning To Power The Development Of The Global Voice Cloning Market
Companies are aiming to improve their user relationships by launching a familiar or pleasant voice on the products, applications, and services they provide. By accepting these solutions, the firms are capable of forming long-term relations with users by offering them a better UX. This is one of the primary powering factors of the global market for voice cloning. Developments in techs such as artificial intelligence, machine learning, and natural language programming are further powering the development of the global voice cloning market. On the other hand, the malicious methods in which voice cloning tech can be mistreated are predicted to act as a hindering factor for the global market. Since voice cloning can create false audio clips it can be altered to distribute fake data and hence has become a worrying issue. Nonetheless, the positive factors of tech are predicted to surpass the negative ones in the coming future, thus helping the development of the global market.
North America Predicted To Have A Lion’s Share Of The Global Market For Voice Cloning During The Coming Years
Presently, in terms of revenue, North America rules the global market followed by Europe. North America is predicted to have a lion’s share of the global market for voice cloning during the coming years. The North American market is predicted to grow considerably owing to an increased elevation in investment in tech by firms in Canada and the US. Asia Pacific is also predicted to provide attractive development opportunities to major players active in the global market for voice cloning in the coming years. This is owing to an elevation in the number of businesses in the area. India, South Korea, Malaysia, Japan, China, Thailand, Australia, and Singapore are major nations powering the development of the market, owing to an elevation in spending in tech by firms in the area. Development in the BFSI and retail sectors in the Middle East & Africa and South America is predicted to power the global voice cloning market in these areas.
Voice Cloning Market: Competitive Analysis
The global voice cloning market is dominated by players like:
- Microsoft
- IBM
- AT&T
- Baidu, Inc.
- Nuance Communications
- CereProc Ltd.
- Lyrebird Studio
- Kata.ai
- alt Inc.
- Aristech GmbH
- Acapela Group
The global voice cloning market is segmented as follows:
By Component
- SolutionsSoftware toolsPlatforms
- ServicesProfessional servicesManaged services
By Deployment Mode
- Cloud
- On-premises
By Application
- Chatbots and assistants
- Accessibility
- Digital games
- Interactive games
- Others (announcement systems, text readers, and talking avatars)
By End-User
- Healthcare and life sciences
- Education
- Media and entertainment
- Telecom
- Travel and hospitality
- Banking, Financial Services, and Insurance (BFSI)
- Others (energy and utilities, and government and defense)
By Region
- North America The U.S.Canada
- Europe France The UK Spain Germany Italy Rest of Europe
- Asia Pacific China Japan India South Korea Southeast Asia Rest of Asia Pacific
- Latin America Brazil Mexico Rest of Latin America
- Middle East & Africa GCC South Africa Rest of the Middle East & Africa
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