Global Voice Cloning Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Voice Cloning Market Overview:
“The global Voice Cloning market size is expected to be worth around US$ 234.5 million by 2021 from US$ 141.2 million in 2031, growing at a CAGR of 5.19% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global voice cloning market report has been segmented on the basis of component, deployment mode, end-use, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global voice cloning market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Voice cloning is a technique which replicates voices or speech for further applications. Voice cloning software provide voice interface for improved customer relationship, also it provides speech recognition patterns for high customer satisfaction.
These offerings are useful to perform specific task or just provide continuous speech responses. Voice cloning is highly desired among entertainment industry and robotics field.
Increasing preference for artificial intelligent powered voice cloning technology among various organizations is a key factor expected to drive growth of the global voice cloning market during the forecast period.
Voice cloning software is highly utilized for high-tech customer relationship services among various organizations is expected to proliferate growth of the global market, owing to various 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.
Increasing penetration of artificial intelligence and analytics machine learning among information technology (IT) sector is expected to witness lucrative growth of the target market, owing to various advanced technology applications offered by combination of AI and voice cloning technology such as bootstrapping to initialize the any program based on audio command.
Entertainment and animation sector are highly attractive fields for voice cloning across the globe this in turn is expected to proliferate growth of the global voice cloning market in the next 10 years, owing to increasing integration of celebrity voices for various applications such as product advertisement.
In addition, increasing use of interactive voice response (IVR) in telecom industry. For example, telephone call centers for high quality customer assistance is expected to support growth of the target market.
However, high cost associated with voice cloning devices is a major factor expected to restraint growth of the global market. In addition, limitation over learning from available datasets is another factor expected to hamper growth of the target market to a certain extent.
Market in North America is expected to dominate the global voice cloning market owing to high penetration of voice over applications in countries in the region. In addition, increasing corporate promotional videos, internet videos, and e-learning services among various organization is expected to support growth of the market in the North America region over the forecast period.
Market in Asia Pacific is expected to witness significant growth of the global market in terms of revenue, owing to increasing adoption for software and IT services among various industries in countries such as China, India, and Japan. In addition, rising software adoption in communication and customer relationship management services among various organizations is another factor supporting growth of the target market.
Global Voice Cloning Market Segmentation:
Global Voice Cloning Market Segmentation, by component:
- Software Tools
- Professional Services
- Managed Services
Global Voice Cloning Market Segmentation, by deployment mode:
Global Voice Cloning Market Segmentation, by end-use:
- Chatbot and Assistants
- Digital Games
- Interactive Games
- Others (Announcement Systems, Text Readers, and Talking Avatars)
Global Voice Cloning Market Segmentation, by application:
- Telecom and Tourism
- Education and Healthcare
- Media and Entertainment
- Healthcare and Life Sciences
- Banking, Financial Services, and Insurance (BFSI)
- Others (Utilities, Government, and Defense)
Global Voice Cloning Market Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Baidu, Inc.
- Google LLC
- iSpeech AG
- VivoText Ltd.
- Mycroft AI, Inc
- Conversica, Inc.
- Cogito Corporation
- Digitalgenius, Inc.
- Talkiq, Inc.
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