Voice Cloning Market Size, Share, Growth Report 2030

Voice Cloning Market

Voice Cloning Market - By Component (solutions and services), By Deployment (Cloud and on-Premises), By Component (Chatbots and Assistants, Digital games, Accessibility, Interactive games, and Others) for Healthcare And Life Sciences, Telecom, Travel And Hospitality, BFSI, Energy & Utilities, Government, Defense, Education, And Media & Entertainment: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-3700 Published Date: Oct-2020 Status : Published

According to the report published by Zion Market Research, global demand for Voice Cloning market was valued at approximately USD 583.9 Million in 2019, and is expected to generate revenue of around USD 3,705.3 Million by end of 2026, growing at a CAGR of around 29.6% between 2020 and 2026.

According to the report published by Zion Market Research, global demand for Voice Cloning market was valued at approximately USD 583.9 Million in 2019, and is expected to generate revenue of around USD 3,705.3 Million by end of 2026, growing at a CAGR of around 29.6% between 2020 and 2026.

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Global Voice Cloning Market: Overview

Voice cloning is a technique that helps in audiobook narration and adds a familiar voice for driving directions. It helps in reproducing sounds, inflections, and intonations of human speech or voice authentically. Voice cloning technology makes it possible for the customers to produce a computer version of their own voice for minimal cost and fraction of time over conventional text-to-speech voice creation. AI-powered voice cloning technology helps in enhancing the conversational ability of Chatbots and Voice assistants. 

Global Voice Cloning Market: Growth Factors

Major growth factors for voice cloning market include the rapid surge in the demand for the Internet of Things (IoT) and connected devices.  The rise in the introduction of new initiatives in voice cloning projects will further push voice cloning market trends in the years to come. However, complexities in recreating natural speech will obstruct the growth of the market in the ensuing years. Nevertheless, integration of artificial intelligence technologies with voice cloning services and personalization in human-equipment interaction will offer lucrative avenues for the players across the voice cloning market in the near future. This, in turn, will help to overcome the hindrances posed by the market over the next couple of years.

The massive popularity of Chatbots and Virtual assistants across the globe along with new product innovations introduced by the industry giants will open new vistas of growth for voice cloning market in the coming years. Escalating demand for new voice technology in telecom, banking, media and entertainment, education, defense, and energy and utility sectors among others will not only vivify the market growth but will take voice cloning business to new scalable heights with the growth curve of the voice cloning market touching highest peak of growth.

Global Voice Cloning Market: Segmentation

The global voice cloning market can be divided based on component, deployment mode, application, and end-user industry. On the basis of the component, the voice cloning market is segmented into solutions and services with solutions further sub-segmented into software tools and platforms. Based on the deployment mode, the market is classified into cloud and on-premises. On basis of application, the market is divided into Chatbots and assistants, digital games, accessibility, interactive games, and others including announcement systems, talking avatars, and text readers. An end-user segment of the market is divided into healthcare and life sciences, telecom, travel and hospitality, BFSI, energy & utilities, government, defense, education, and media & entertainment.

Global Voice Cloning Market: Regional Analysis

Based on regions, the global voice cloning market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America has demonstrated large-scale acceptance of voice cloning solutions as compared to the other regions. A large number of vendors and industry participants in North America are involved in product innovation and new product development. These vendors are also focusing on integrating AI capabilities into voice cloning solutions to develop more natural sounding voice cloning samples. Reputed manufacturers are establishing new units for the production of consumer electronics goods using voice cloning technologies.  Myriad research initiatives across the region are expected to fuel the adoption of voice cloning solutions across several business verticals and domains. All these aforementioned factors are likely to help North America dominate voice cloning market over the estimated timeframe.

APAC and European markets are also expected to register a significant growth owing to the humungous presence of giant players across the voice cloning market in the regions.

Global Voice Cloning Market: Competitive Players

Some main participants of the Voice Cloning market are The key players of the global voice cloning market include Google, Microsoft , IBM Corporation,  AT&T Corp., Baidu,  Nuance Communications, CereProc,  Lyrebird , Kata.ai ,alt Inc. , Aristech GmbH , and Acapela Group.

Voice Cloning Market: Regional Segment Analysis

  • 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 Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Rapid rise in sales of IOT based device followed by connected device considered as one of the major driving factor promoting the growth of the market. Voice training programs are considered as a secondary driving factor promoting the growth of the market.

According to Zion Market Research, global demand for Voice Cloning market is expected to generate revenue of around USD 3,705.3 Million by end of 2026, growing at a CAGR of around 29.6% between 2020 and 2026.

North America dominated the Voice cloning market. The growth is majorly associated with rapid acceptance of technology followed by rising per capita income of the individuals in the north American region followed by the Europe

Some main participants of the Voice Cloning market are Coloplast Group, Smith & Nephew plc, Hollister Incorporated, Cardinal Health, Organogenesis Inc., Integra LifeSciences Corporation, Acelity L.P., Inc., Mölnlycke Health Care AB, BSN medical, 3M Healthcare, B. Braun Melsungen AG, Medline Industries, Inc., Others

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