According to a new report, published by KBV research, The Global AI Voice Cloning Market size is expected to reach $7.9 billion by 2030, rising at a market growth of 25.2% CAGR during the forecast period.
The Services segment is anticipated to grow at a CAGR of 26.8% during (2023 - 2030). In order to create voice recordings of a high caliber, the voice-over industry makes use of AI voice cloning services. Custom voice-overs for videos, e-learning materials, commercials, audiobooks, and other media can be produced by businesses using AI voice cloning technologies. By streamlining the voice-over production process, this service offers organizations a wide range of voice possibilities. With the use of these services, content producers can provide character voiceovers, dubbing, and localization.
The Podcasting & Audiobooks segment is generating the highest revenue share in the Global AI Voice Cloning Market by Application in 2022, thereby achieving a market value of $1.8 billion by 2030. High-quality artificial voices capable of narrating audiobooks can be produced via AI voice cloning. This technology is used by publishers to create audiobooks more quickly and affordably. It enables the audiobook adaptation of a wider selection of novels, including those that might not have been possible using human narrators alone. The goal of improvements in AI voice cloning is to make artificial voices sound more realistic, expressive, and human. To produce a more interesting and genuine listening experience, the emphasis is on capturing subtleties, emotions, and intonations.
The Cloud segment has shown a high growth rate of 27% during (2023 - 2030). To manage the computational demands of voice cloning models, cloud-based voice cloning systems offer scalable and adaptable infrastructure. With the cloud, businesses can scale their AI voice cloning abilities accordingly in response to demand, enabling them to effectively manage huge amounts of data and carry out challenging voice cloning activities. For small- and medium-sized organizations, it increases the accessibility and affordability of AI voice cloning.
The Media & Entertainment segment is leading the Global AI Voice Cloning Market by Vertical in 2022, thereby achieving a market value of $2.6 billion by 2030. In order to produce unique brand voices for user interactions, the media and entertainment industries are using AI voice cloning. By creating a unified vocal identity across all touchpoints, including customer service, interactive vocal response (IVR) technologies, and virtual assistants, businesses may more effectively engage their target consumers. A consistent user experience is provided by customized brand voices, which help improve brand recognition.
The North America market dominated the Global AI Voice Cloning Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.2 billion by 2030. The Europe market would display a CAGR of 24.7% during (2023 - 2030). Additionally, The Asia Pacific market is poised to grow at a CAGR of 25.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/ai-voice-cloning-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Google LLC (Alphabet Inc.), Microsoft Corporation, Descript, Inc., LumenVox LLC, Amazon.com, Inc., Baidu, Inc., CandyVoice SAS, iSpeech, Inc., and CereProc Ltd.
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