Artificial Intelligence (AI) Voice Cloning Market
Artificial Intelligence (AI) Voice Cloning Market Size, Share & Trends Analysis Report by Component (Software, and Service), by Deployment (On-premises, and Cloud), by Application (Chatbots and Assistants, Accessibility, Digital Games, Interactive Games, and Others) and by Vertical (Media & Entertainment, Healthcare and Life Sciences, Education and E-Learning, Telecommunications, and Others) Forecast Period (2024-2031)
Artificial intelligence (AI) voice cloning market is anticipated to grow at a CAGR of 26.1% during the forecast period (2024-2031). The AI voice cloning market is driven by advancements in machine learning and deep learning algorithms, the increasing demand for virtual assistants and chatbots, the rise of voice-enabled devices, and the need for personalized customer experiences. Businesses are leveraging AI-powered voice cloning to create engaging virtual assistants, while the entertainment and gaming industries are embracing AI voice cloning to enhance storytelling and user experience. However, the growing adoption of voice cloning requires strict adherence to regulations and ethical standards, as compliance with these standards is essential for the market's growth.
Market Dynamics
Growing Demand for Personalised Customer Experiences
The AI voice cloning market is gaining momentum owing to the growing demand for personalized customer experiences, particularly in the hospitality sector. Therefore, key players are introducing advanced features in AI voice cloning for the hospitality sector. For instance, in December 2023, Hi Auto introduced an AI voice-cloning feature, allowing Quick Service Restaurants to incorporate fully customized voice options into their drive-thru AI ordering technology. This feature records and captures the nuances of a person's voice, enhancing customer engagement and allowing for a more personalized ordering experience. Further, in December 2023, Meta launched a new AI voice cloning tool, Audiobox, as part of a proof-of-concept for audio generation models developed by Facebook AI Research. The tool can generate speech or sound effects from text prompts and clone existing voices.
Market Segmentation
- Based on components, the market is segmented into solutions, and services.
- Based on deployment, the market is segmented into cloud, and on-premises.
- Based on applications, the market is segmented into chatbots and assistants, accessibility, digital games, interactive games, and others (announcement systems, text readers, and talking avatars).
- Based on vertical, the market is segmented into media & entertainment, healthcare and life sciences, education and e-learning, telecommunications, and others (marketing and advertising, and legal and compliance).
Education and E-Learning Sub-segment to Hold a Considerable Market Share
The demand for high-quality text-to-speech solutions is increasing owing to the need for realistic, personal assistants, and content creation is driving the growth of this market segment. To cater to this vertical, in September 2023, Writesonic launched Audiosonic, a new AI voice generation tool that enables users to convert text into human-like audio for various purposes. The tool streamlines AI text-to-speech (TTS) generation, aiding those with visual or reading disabilities, enhancing e-learning, and providing a cost-effective alternative for publishers in the entertainment industry.
Regional Outlook
The artificial intelligence (AI) voice cloning market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Growing Concerns Regarding Security and Fraud May Restrain Market Growth in North America Region
The rise of voice cloning scams has raised concerns about fraud and security, prompting the development of advanced technologies to detect and prevent such fraudulent activities in real time. For instance, in April 2024 Federal Trade Commission (FTC) launched four winners of the Voice Cloning Challenge, focusing on fraud prevention, real-time detection, and post-use evaluation of biometric data. The winners were evaluated for administrability, feasibility, consumer burden reduction, and technical resilience. Real-time detection is essential for AI-enabled voice cloning scams.
Artificial Intelligence (AI) Voice Cloning Market Growth by Region 2024-2031
Asia-Pacific is Anticipated to Exhibit the Highest CAGR
India's growing digital adoption and internet usage, coupled with support for Hindi and the Indian English language, present significant growth opportunities for the AI voice cloning market. Therefore, key players are taking leverage of this opportunity by introducing new product launches in this region. For instance, in June 2024, Smallest.ai launched the beta version of AWAAZ, a text-to-speech model for Indian languages. It features advanced features like Mean Opinion Score in Hindi and Indian English and can speak in over 10 accents. It addresses the lack of high-quality and cost-effective models for Indian languages.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the AI voice cloning market include Amazon.com, Inc., Google LLC, Microsoft Corp., Baidu, and Descript, Inc. among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market. For instance, in March 2024, Apple acquired DarwinAI, an AI visual quality assurance startup, which offers a patented AI Voice Cloning platform for improving product quality and increasing production efficiency.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global artificial intelligence (AI) voice cloning market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Deployment and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Amazon.com, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Google LLC
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Microsoft Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global AI Voice Cloning Market by Component
4.1.1. Software
4.1.2. Service
4.2. Global AI Voice Cloning Market by Deployment
4.2.1. On-premises
4.2.2. Cloud
4.3. Global AI Voice Cloning Market by Application
4.3.1. Chatbots And Assistants
4.3.2. Accessibility
4.3.3. Digital Games
4.3.4. Interactive Games
4.3.5. Others (Announcement Systems, Text Readers, and Talking Avatars)
4.4. Global AI Voice Cloning Market by Vertical
4.4.1. He Media & Entertainment
4.4.2. Healthcare and Life Sciences
4.4.3. Education and E-Learning
4.4.4. Telecommunications
4.4.5. Others (Marketing and Advertising, and Legal and Compliance)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. ACAPELA GROUP
6.2. Baidu
6.3. CandyVoice
6.4. Cepstral
6.5. CereProc Ltd.
6.6. Descript, Inc.
6.7. iSpeech, Inc.
6.8. LumenVox
6.9. Nuance Communications, Inc.
6.10. Regie.ai
6.11. Resemble AI,
6.12. Respeecher Inc
6.13. Say It Now Ltd
6.14. Soul Machines Ltd.
6.15. Soundful Inc.
6.16. Speechki, Inc.
6.17. Synthesia Ltd.
6.18. TLDR Technologies, Inc.
6.19. VocaliD, Inc.
1. Global AI Voice Cloning Market Research And Analysis By Component, 2023-2031 ($ Million)
2. Global AI Voice Cloning Software Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global AI Voice Cloning Service Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global AI Voice Cloning Market Research And Analysis By Deployment 2023-2031 ($ Million)
5. Global On-Premises AI Voice Cloning Market Research And Analysis By Region, 2023-2031 ($ Million)
6. Global Cloud-Based AI Voice Cloning Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global AI Voice Cloning Market Research And Analysis By Application 2023-2031 ($ Million)
8. Global AI Voice Cloning In Chatbots And Assistants Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global AI Voice Cloning In Accessibility Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global AI Voice Cloning In Digital Games Market Research And Analysis By Region, 2023-2031 ($ Million)
11. Global AI Voice Cloning In Interactive Games Market Research And Analysis By Region, 2023-2031 ($ Million)
12. Global AI Voice Cloning In Other Application Market Research And Analysis By Region, 2023-2031 ($ Million)
13. Global AI Voice Cloning Market Research And Analysis By Vertical, 2023-2031 ($ Million)
14. Global AI Voice Cloning For Media & Entertainment Market Research And Analysis By Region, 2023-2031 ($ Million)
15. Global AI Voice Cloning For Healthcare And Life Sciences Market Research And Analysis By Region, 2023-2031 ($ Million)
16. Global AI Voice Cloning For Education And E-Learning Market Research And Analysis By Region, 2023-2031 ($ Million)
17. Global AI Voice Cloning For Telecommunications Market Research And Analysis By Region, 2023-2031 ($ Million)
18. Global AI Voice Cloning For Other Vertical Market Research And Analysis By Region, 2023-2031 ($ Million)
19. Global AI Voice Cloning Market Research And Analysis By Region, 2023-2031 ($ Million)
20. North American AI Voice Cloning Market Research And Analysis By Country, 2023-2031 ($ Million)
21. North American AI Voice Cloning Market Research And Analysis By Component, 2023-2031 ($ Million)
22. North American AI Voice Cloning Market Research And Analysis By Deployment, 2023-2031 ($ Million)
23. North American AI Voice Cloning Market Research And Analysis By Application, 2023-2031 ($ Million)
24. North American AI Voice Cloning Market Research And Analysis By Vertical, 2023-2031 ($ Million)
25. European AI Voice Cloning Market Research And Analysis By Country, 2023-2031 ($ Million)
26. European AI Voice Cloning Market Research And Analysis By Component, 2023-2031 ($ Million)
27. European AI Voice Cloning Market Research And Analysis By Deployment, 2023-2031 ($ Million)
28. European AI Voice Cloning Market Research And Analysis By Application, 2023-2031 ($ Million)
29. European AI Voice Cloning Market Research And Analysis By Vertical, 2023-2031 ($ Million)
30. Asia-Pacific AI Voice Cloning Market Research And Analysis By Country, 2023-2031 ($ Million)
31. Asia-Pacific AI Voice Cloning Market Research And Analysis By Component, 2023-2031 ($ Million)
32. Asia-Pacific AI Voice Cloning Market Research And Analysis By Deployment, 2023-2031 ($ Million)
33. Asia-Pacific AI Voice Cloning Market Research And Analysis By Application, 2023-2031 ($ Million)
34. Asia-Pacific AI Voice Cloning Market Research And Analysis By Vertical, 2023-2031 ($ Million)
35. Rest Of The World AI Voice Cloning Market Research And Analysis By Region, 2023-2031 ($ Million)
36. Rest Of The World AI Voice Cloning Market Research And Analysis By Component, 2023-2031 ($ Million)
37. Rest Of The World AI Voice Cloning Market Research And Analysis By Deployment, 2023-2031 ($ Million)
38. Rest Of The World AI Voice Cloning Market Research And Analysis By Application, 2023-2031 ($ Million)
39. Rest Of The World AI Voice Cloning Market Research And Analysis By Vertical, 2023-2031 ($ Million)
1. Global AI Voice Cloning Market Share By Component, 2023 Vs 2031 (%)
2. Global AI Voice Cloning Software Market Share By Region, 2023 Vs 2031 (%)
3. Global AI Voice Cloning Service Market Share By Region, 2023 Vs 2031 (%)
4. Global AI Voice Cloning Market Share By Deployment, 2023 Vs 2031 (%)
5. Global On-Premises AI Voice Cloning Market Share By Region, 2023 Vs 2031 (%)
6. Global Cloud Based AI Voice Cloning Market Share By Region, 2023 Vs 2031 (%)
7. Global AI Voice Cloning Market Share By Application, 2023 Vs 2031 (%)
8. Global AI Voice Cloning In Chatbots And Assistants Market Share By Region, 2023 Vs 2031 (%)
9. Global AI Voice Cloning In Accessibility Market Share By Region, 2023 Vs 2031 (%)
10. Global AI Voice Cloning In Digital Games Market Share By Region, 2023 Vs 2031 (%)
11. Global AI Voice Cloning In Interactive Games Market Share By Region, 2023 Vs 2031 (%)
12. Global AI Voice Cloning In Other Application Market Share By Region, 2023 Vs 2031 (%)
13. Global AI Voice Cloning Market Share By Vertical, 2023 Vs 2031 (%)
14. Global AI Voice Cloning For Media & Entertainment Market Share By Region, 2023 Vs 2031 (%)
15. Global AI Voice Cloning For Healthcare And Life Sciences Market Share By Region, 2023 Vs 2031 (%)
16. Global AI Voice Cloning For Education And E-Learning Market Share By Region, 2023 Vs 2031 (%)
17. Global AI Voice Cloning For Telecommunications Market Share By Region, 2023 Vs 2031 (%)
18. Global AI Voice Cloning For Others Vertical Market Share By Region, 2023 Vs 2031 (%)
19. Global AI Voice Cloning Market Share By Region, 2023 Vs 2031 (%)
20. US AI Voice Cloning Market Size, 2023-2031 ($ Million)
21. Canada AI Voice Cloning Market Size, 2023-2031 ($ Million)
22. UK AI Voice Cloning Market Size, 2023-2031 ($ Million)
23. France AI Voice Cloning Market Size, 2023-2031 ($ Million)
24. Germany AI Voice Cloning Market Size, 2023-2031 ($ Million)
25. Italy AI Voice Cloning Market Size, 2023-2031 ($ Million)
26. Spain AI Voice Cloning Market Size, 2023-2031 ($ Million)
27. Rest Of Europe AI Voice Cloning Market Size, 2023-2031 ($ Million)
28. India AI Voice Cloning Market Size, 2023-2031 ($ Million)
29. China AI Voice Cloning Market Size, 2023-2031 ($ Million)
30. Japan AI Voice Cloning Market Size, 2023-2031 ($ Million)
31. South Korea AI Voice Cloning Market Size, 2023-2031 ($ Million)
32. Rest Of Asia-Pacific AI Voice Cloning Market Size, 2023-2031 ($ Million)
33. Latin America AI Voice Cloning Market Size, 2023-2031 ($ Million)
34. Middle East And Africa AI Voice Cloning Market Size, 2023-2031 ($ Million)
