The global voice cloning market was valued at $1.5 billion in 2022, and is projected to reach $16.2 billion by 2032, growing at a CAGR of 27.3% from 2023 to 2032.
2. The global voice cloning market was valued at $1.5 billion in
2022, and is projected to reach $16.2 billion by 2032, growing at
a CAGR of 27.3% from 2023 to 2032.
Voice cloning is the process of generating a digital copy of an individual's voice.
Voice cloning technology uses AI software methods that are capable of
generating artificial speech, which is closely comparable to a specific human
voice.
voice cloning technology provides a number of benefits, such as the ability to create
customized voices for different applications, enhance user experiences, and improve
interactions with voice-based systems. In addition, the integration of intelligent AI assistants
3. Impact of Covid-19
1
2
voice cloning market, due to increased demand for remote
communication and virtual interactions during lockdowns. There
has been an upsurge in demand for remote solutions across
businesses because of lockdowns, social isolation strategies, and
remote work becoming more common during the pandemic.
The pandemic has increased the adoption of virtual assistants
and chatbots as companies strive to provide contactless
customer service and support. For instance, in May 2021,
Veritone launched a new platform namely ”marvel.AI”, which
enables creators, media figures, and others to generate imitate
clones of the voice to license appropriate for them.
4. Key Market Segments By Application
Digital
Games
Accessibility Interactive
Games
Chatbots &
Assistants
1 2 3 4
5. Segmentation
By Region
North America U.S., Canada
Europe U.K., Germany, France, Spain, Italy, Rest of Europe
Asia-Pacific China, Japan, South Korea, India, Australia, Rest of
Asia-Pacific
LAMEA Latin America, Middle East, Africa
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