Global Voice Cloning Market, By Component (Solutions, Services), Deployment Mode (On-Premises, Cloud), End-Use (Chatbot and Assistants, Accessibility, Digital Games, Interactive Games, Others), Application (Telecom and Tourism, Education and Healthcare, Media and Entertainment, Healthcare and Life Sciences, Banking, Financial Services, and Insurance (BFSI), Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Voice cloning market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to reach at an estimated value of USD 4446.08 million and grow at a CAGR of 25.74% in the above-mentioned forecast period. Rising rapid surge in demand for IoT and connected devices drives the voice cloning market.
Voice cloning software is utilized for high-tech customer relationship services among numerous organizations and voice cloning is defined as a highly preferred feature for personalized speech interfaces. Speaker coding is basically based on training an individual model to directly assume a new speaker embedding from cloning audios and also to be used with a multi-speaker propagative model.
Rising number of initiatives in voice cloning projects is the vital factor escalating the market growth, also rising penetration of artificial intelligence and analytics machine learning among information technology (IT) sector, rising preference for artificial intelligent powered voice cloning technology among various organizations and increasing numerous benefits offered by voice cloning software such as, interactive training and learning, speaking text aloud, personal digital voice assistant, accessibility text to speech, and familiar voice addition in navigation systems are the major factors among others driving the voice cloning market. Moreover, increasing modernization and technological advancements in the software, rising integrating AI technologies with voice cloning solutions and rising personalization in human device interface will further create new opportunities for voice cloning market in the forecasted period of 2021-2028.
However, high cost associated with voice cloning devices is the major factors among others which will obstruct the market growth, while rising requirement of standard speech repository and increasing concerns over potential misuse of the voice cloning technology will further challenge the growth of voice cloning market in the forecast period mentioned above.
Voice cloning market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on voice cloning market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Voice Cloning Market Scope and Market Size
Voice cloning market is segmented on the basis of component, deployment mode, end-use and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of component, voice cloning market is segmented into solutions and services.
- Based on deployment mode, the voice cloning market is segmented into on-premises and cloud.
- Based on end-use, the voice cloning market is segmented into chatbot and assistants, accessibility, digital games, interactive games and others.
- The voice cloning market is also segmented on the basis of application into telecom and tourism, education and healthcare, media and entertainment, healthcare and life sciences, banking, financial services, and insurance (BFSI) and others.
Voice Cloning Market Country Level Analysis
Voice cloning market is analysed and market size insights and trends are provided by country, component, deployment mode, end-use and application as referenced above.
The countries covered in the voice cloning market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the voice cloning market due to high penetration of voice over applications, increasing corporate promotional videos, internet videos, and e-learning services among various organization in this region. Asia-Pacific is the expected region in terms of growth in voice cloning market due to increasing software adoption in communication and customer relationship management services among various organizations and rising adoption for software and IT services among various industries in countries such as China, India, and Japan in this region.
The country section of the voice cloning market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Voice cloning market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for voice cloning market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the voice cloning market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Voice Cloning Market Share Analysis
Voice cloning market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to voice cloning market.
The major players covered in the voice cloning market report are Microsoft, IBM, Amazon Web Services, Inc. or its affiliates., Nuance Communications, Inc, iSpeech, Inc., ReadSpeaker Holding B.V, CereProc Ltd, Cepstral, Descript, Kata.ai, ALT Creative, Inc., Aristech GmbH, Acapela Group, VocaliD, Inc., CandyVoice, LumenVox, rSpeak Technologies, Smartbox Assistive Technology and Vivotex India Pvt. Ltd. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.