“Global AI Voice Generators Market to reach a market value of USD 25.75 Billion by 2031 growing at a CAGR of 29.8%”
The Global AI Voice Generators Market size is expected to reach $25.75 billion by 2031, rising at a market growth of 29.8% CAGR during the forecast period.
AI-powered tools helped artists, producers, and businesses generate background scores, remix compositions, and automate music production, making AI an essential tool in the music and entertainment industry. The rising adoption of AI for adaptive music in gaming, virtual reality, and social media content further contributed to this segment’s expansion. Thus, the music composition & generation segment held 16% revenue share in the market in 2023. It is driven by the growing use of AI-generated music for content creation, film scoring, and personalized soundtracks.
The media and entertainment industry increasingly integrates AI-powered voice generation technology to enhance content production efficiency. AI-generated voices are widely used in dubbing movies, animations, and video games, allowing studios to produce multilingual content more quickly and cost-effectively. Thus, the rising adoption of AI-powered content creation in the media and entertainment industry is driving growth.
Additionally, the proliferation of smart devices and IoT applications is a major drive of adopting AI voice generators. Voice assistants like Amazon Alexa, Google Assistant, and Apple Siri rely on advanced AI speech synthesis to provide users with seamless voice interactions. Hence, integrating AI voice generators with smart devices and the IoT ecosystem propels the market’s growth.
However, Despite AI voice generation’s advantages, the high initial cost of implementation presents a significant challenge, especially for small and medium-sized enterprises (SMEs). Developing and training AI voice models requires substantial investment in computing power, high-quality datasets, and specialized AI expertise. Hence, the high initial costs and complexity of AI voice generators are impeding the growth of the market.
Based on offering, the market is characterized into software and services. The services segment procured 37% revenue share in the market in 2023. This reflects the increasing need for custom voice development, AI integration support, and maintenance services. Enterprises sought specialized services to train AI models for unique voice branding, optimize voice assistants, and ensure seamless deployment in applications like call centers, virtual assistants, and content creation.
On the basis of application, the market is classified into audio and speech generation, voice cloning & conversion, music composition & generation, audio dubbing & translation, voice restoration & enhancement, and others. The audio and speech generation segment acquired 37% revenue share in the market in 2023. This growth was driven by the rising demand for AI-powered text-to-speech (TTS) solutions in customer service, media, e-learning, and content creation.
By end use, the market is divided into media & entertainment, customer service & call centers, education & e-learning, advertising & marketing, healthcare, and others. The media & entertainment segment witnessed 27% revenue share in the market in 2023. The increasing adoption of AI-generated voices in film dubbing, video game narration, audiobook production, and virtual influencers drives this. AI-powered voice solutions enabled cost-effective and scalable content creation, reducing reliance on traditional voice actors while enhancing personalization and multilingual support for global audiences.
Free Valuable Insights: Global AI Voice Generators Market size to reach USD 25.75 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment witnessed 28% revenue share in the market in 2023. This is fueled by growing AI adoption in media, education, and customer service industries. European nations have increasingly invested in AI innovation, language processing technologies, and voice-based applications, leading to rising demand for AI-generated multilingual voice solutions.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 3.35 Billion |
| Market size forecast in 2031 | USD 25.75 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 29.8% from 2024 to 2031 |
| Number of Pages | 254 |
| Number of Tables | 400 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | End Use, Application, Offering, Region |
| Country scope |
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| Companies Included | IBM Corporation, Google LLC (Alphabet Inc.), Microsoft Corporation, Amazon.com, Inc., OpenAI, LLC, Baidu, Inc., Descript, Inc., iSpeech, Inc., ElevenLabs and SoundHound AI, Inc. |
By End Use
By Application
By Offering
By Geography
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