According
to a market research report "Voice Cloning Market by Component (Solutions (Software
Tools & 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 grow
from USD 456 million in 2018 to USD 1,739 million by 2023, at a Compound Annual
Growth Rate (CAGR) of 30.7% during the forecast period.
The
rapid surge in the demand for Internet of Things (IoT) and connected devices,
and the growth in the number of initiatives in voice cloning projects are
expected to be the major growth drivers of the market. Integrating Artificial
Intelligence (AI) technologies with voice cloning solutions and personalization
in human-device interaction would provide opportunities for the voice cloning
market.
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Cloning Market”
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Chatbots and
assistants segment is expected to hold the largest market size during the
forecast period
Chatbots and
assistants are becoming crucial to deliver a seamless experience and are
becoming fundamental in conversational interfaces. Hence, vendors across the
globe are focusing on enhancing the conversational capabilities of chatbots and
assistants by integrating the AI-powered voice cloning technology. Voice
cloning solutions would help enterprises add voice cloning capabilities to make
chatbots or assistants’ sound more natural.
Media and
entertainment vertical to hold the largest market size during the forecast
period
The media and
entertainment vertical is expected to provide maximum opportunities for voice
cloning solutions in various applications. For instance, this vertical by
integrating cloned voices of celebrities into various applications can create a
delightful experience for audience. In addition, there are various applications
of the voice cloning technology that are growing in the media and entertainment
vertical.
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North America is
expected to hold for the largest market size during the forecast period
North America shows
a major adoption of voice cloning solutions as compared to the other regions.
Maximum vendors in North America are engaged in product innovation and
development. These vendors are also focusing on integrating AI capabilities
into voice cloning solutions to develop more natural sounding voice cloning
samples. Various research initiatives across the region are expected to fuel
the adoption of voice cloning solutions across several verticals.
Major vendors in
the 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 Assistive
Technology (UK), and VivoText (Israel).
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Content Source: https://www.marketsandmarkets.com/PressReleases/voice-cloning.asp
Report: https://www.marketsandmarkets.com/Market-Reports/voice-cloning-market-129784608.html
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