According to this latest study, Global Voice Cloning market was valued at USD 446.28 million in 2019 and is expected to reach USD 1531.32 million by the year 2025, at a CAGR of 23.16%.
Voice
cloning is a technique that enables the user to create a computer version
of their own voice at minimal cost and time over conventional text-to-speech
voice creation. It allows copying the voice of a person and further uses it in
various applications such as virtual assistants, humanoids, voice assistance,
and artificial intelligence application. This technology is used in various
applications such as chatbots, digital games, interactive learning sessions,
and others. It facilitates companies to provide better assistance to their
customers.
Rise in need of IoT and need to replicate
voices for various applications in industrial processes and entertainment
activities are the major factors that drive the growth of the voice cloning
market. In addition, increase in number of initiatives in voice cloning
projects fuels the growth of the market. However, high complexity of voice
cloning solutions is expected to restrain the market growth. Furthermore, rapid
increase in adoption of AI infrastructure in voice cloning and integration of
AI technologies in voice cloning solutions are anticipated to provide lucrative
opportunities for the growth.
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Voice
Cloning Market - Size, Competitive Landscape and Segmentation Analysis:
Voice Cloning Market Reports provide a
high-level overview of market segments by product type, applications,
leading key players, and regions, as well as market statistics. The
research insights focus on the impact of the Covid-19 epidemic on
performance and offers a thorough examination of the current market and market
dynamics. This crucial understanding of the report's objective can help you
make better strategic decisions about investment markets by assessing elements
that may affect current and future market circumstances. The leading key
players in the Global and Regional market are summarized in a research to
understand their future strategies for growth in the market.
The key players covered in the Voice Cloning market report is:
·
IBM Corporation
·
Microsoft Corporation
·
Smartbox Assistive Technologies
·
Descript Inc.
·
CereProc Ltd.
·
Google Inc.
·
Lyrebird
·
Nuance Communication
·
Baidu
·
AT&T Inc.
·
Others.
By solutions and services, Voice Cloning has been segmented into:
·
Solutions
·
Services
By Application, Voice Cloning has been segmented into:
·
chatbots & Assistants,
·
Accessibility,
·
Digital Game
·
Interactive learning
Market Segment by Regions and Countries
Level Analysis:
·
North America (U.S., Canada,
Mexico)
·
Europe (Germany, U.K., France,
Italy, Russia, Spain etc.)
·
Asia-Pacific (China, India,
Japan, Southeast Asia etc.)
·
South America (Brazil,
Argentina etc.)
·
Middle East & Africa (Saudi
Arabia, South Africa etc.)
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Covid-19 Impact and Recovery Analysis on
Industry:
We've kept track of Covid-19's direct impact
on this market as well as its indirect impact on other industries. During the
analysis period, the impact of the Covid-19 pandemic on the market is predicted
to be significant. From a worldwide and regional viewpoint, this report
examines the influence of the pandemic on the Voice Cloning industry. The study
categories the Voice Cloning industry by type, application, and consumer sector
to determine market size, market features, and market growth. It also includes
a thorough examination of the factors that influenced market development before
and after the Covid-19 pandemic. In addition, the research did a pest analysis
in the sector to investigate major influencers and entrance obstacles.
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