Accordingto a market research report "Voice Cloning Market by Component (Solutions (SoftwareTools & Platforms) and Services), Application (Chatbots & Assistants,Accessibility, Digital Games, Interactive learning), Deployment Mode, Vertical,and Region - Global Forecast to 2023", The global voice cloning market size is expected to growfrom USD 456 million in 2018 to USD 1,739 million by 2023, at a Compound AnnualGrowth Rate (CAGR) of 30.7% during the forecast period.
Therapid surge in the demand for Internet of Things (IoT) and connected devices,and the growth in the number of initiatives in voice cloning projects areexpected to be the major growth drivers of the market. Integrating ArtificialIntelligence (AI) technologies with voice cloning solutions and personalizationin human-device interaction would provide opportunities for the voice cloningmarket.
Browse andin-depth TOC on “VoiceCloning Market”
Chatbots andassistants segment is expected to hold the largest market size during theforecast period
Chatbots andassistants are becoming crucial to deliver a seamless experience and arebecoming fundamental in conversational interfaces. Hence, vendors across theglobe are focusing on enhancing the conversational capabilities of chatbots andassistants by integrating the AI-powered voice cloning technology. Voicecloning solutions would help enterprises add voice cloning capabilities to makechatbots or assistants’ sound more natural.
Media andentertainment vertical to hold the largest market size during the forecastperiod
The media andentertainment vertical is expected to provide maximum opportunities for voicecloning solutions in various applications. For instance, this vertical byintegrating cloned voices of celebrities into various applications can create adelightful experience for audience. In addition, there are various applicationsof the voice cloning technology that are growing in the media and entertainmentvertical.
North America isexpected to hold for the largest market size during the forecast period
North America showsa major adoption of voice cloning solutions as compared to the other regions.Maximum vendors in North America are engaged in product innovation anddevelopment. These vendors are also focusing on integrating AI capabilitiesinto voice cloning solutions to develop more natural sounding voice cloningsamples. Various research initiatives across the region are expected to fuelthe adoption of voice cloning solutions across several verticals.
Major vendors inthe voice cloning market include Google (US), Microsoft (US), IBM (US), AWS(US), AT&T (US), Baidu (China), Nuance Communications (US), iSpeech (US),NeoSpeech (US), CereProc (Scotland), Cepstral (US), Lyrebird (Canada), Kata.ai(Indonesia), alt Inc. (Japan), Aristech GmbH (Germany), Acapela Group(Belgium), VocaliD (US), Voicery (US), Voctro Labs (Spain), exClone (US),CandyVoice (France), LumenVox (US), rSpeak (Netherlands), Smartbox AssistiveTechnology (UK), and VivoText (Israel).
MarketsandMarkets™provides quantified B2B research on 30,000 high growth niche opportunities/threatswhich will impact 70% to 80% of worldwide companies’ revenues. Currentlyservicing 7500 customers worldwide including 80% of global Fortune 1000companies as clients. Almost 75,000 top officers across eight industriesworldwide approach MarketsandMarkets™ for their painpoints around revenuesdecisions.
Our 850 fulltimeanalyst and SMEs at MarketsandMarkets™ are tracking global high growth marketsfollowing the "Growth Engagement Model – GEM". The GEM aims atproactive collaboration with the clients to identify new opportunities,identify most important customers, write "Attack, avoid and defend"strategies, identify sources of incremental revenues for both the company andits competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants(Positioning top players across leaders, emerging companies, innovators,strategic players) annually in high growth emerging segments.MarketsandMarkets™ is determined to benefit more than 10,000 companies thisyear for their revenue planning and help them take theirinnovations/disruptions early to the market by providing them research ahead ofthe curve.
MarketsandMarkets’sflagship competitive intelligence and market research platform,"Knowledgestore" connects over 200,000 markets and entire valuechains for deeper understanding of the unmet insights along with market sizingand forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Content Source: https://www.marketsandmarkets.com/PressReleases/voice-cloning.asp