Voice Cloning Market By Component, By Deployment Mode, By Application, By Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Voice Cloning Market," The voice cloning market was valued at $1.5 billion in 2022, and is estimated to reach $16.2 billion by 2032, growing at a CAGR of 27.3% from 2023 to 2032.

Moreover, technological advancements have generated business opportunities in the entertainment sector and paved the way for innovation, business models, and new services. The rise in the number of voice assistance projects, followed by an increase in concerns for customized voice experience are a few other factors that propel demand for voice cloning systems. In addition, the rise in the adoption of management systems considerably makes entertainment more efficient, and more sustainable by employing numerous information and communication technologies for many modes of entertainment.

In addition, voice cloning technology offers numerous advantages including efficiency, which further create lucrative opportunities for the global market. Voice cloning technology can be applied in several industries, which include education, customer service, branding, and advertising. Which positively impacts the growth of the market in the forecast period. Moreover, in the world of the education industry, teachers can communicate with learners anywhere by speaking other languages fluently using synthetic versions of their voices. Additionally, the growing trend of digital marketing and online advertising and marketing strategies are major factors driving the market growth. Moreover, AI voice cloning can enhance the audio quality and enable users to select their preferred narrators from a list, which is anticipated to accelerate the market demand and hence, drive global market growth. Furthermore, the surge in demand for effective voice cloning technology among end users creates opportunities for the voice cloning market. Moreover, the rise in the adoption of several strategies by businesses to improve personalization in the media and entertainment sector, in turn, is expected to offer remunerative opportunities for the expansion of the global market during the forecast period.

Also, the voice cloning market is witnessing significant growth, owing to several key factors including rapid digital transformation specifically after the pandemic period. Moreover, the surge in the usage of smart devices in various industries strives for businesses to expand their product portfolio in voice cloning technology. Such factors further help organizations to enhance the customer experience, hence, is anticipated to drive global market growth.

Furthermore, the growth in demand for personalized experiences across several industries and an increase in the number of initiatives in voice cloning projects, which positively impact the growth of the market in the future. In addition, the rise in popularity of virtual assistants and chatbots in various applications helps in driving the global market growth. However, high cost and scalability concerns, and increasing risks associated with mock speech are expected to hamper market growth. Furthermore, advancements in artificial intelligence (AI) and machine learning (ML) create opportunities for voice cloning solutions to optimize and replicate the improved voice processes with the integration of advanced technologies. Such factors are expected to offer remunerative opportunities for the expansion of the global market during the forecast period.

The voice cloning market is segmented into component, deployment mode, application, industry vertical, and region. By component, it is bifurcated into solution and service. By deployment mode, it is divided into on-premise and cloud. By application, it is segregated into digital games, accessibility, chatbots & assistants, interactive games, and others. By industry vertical, the market is classified into BFSI, IT & telecom, education, media & entertainment, healthcare, travel & hospitality, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The market players operating in the voice cloning market are LumenVox, iSpeech, CereProc Ltd., CandyVoice, Descript, Google LLC, Microsoft Corporation, IBM Corporation, AWS, Inc., and AT&T Inc. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the voice cloning market globally.

Key Benefits for Stakeholders

The study provides an in-depth analysis of the voice cloning market forecast along with the current and future trends to explain the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on voice cloning market trends is provided in the report.
The Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the voice cloning market from 2022 to 2032 is provided to determine the market potential.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)

Investment Opportunities
Technology Trend Analysis
Regulatory Guidelines
Strategic Recommedations
Additional company profiles with specific to client's interest
SWOT Analysis

Key Market Segments

By Component

Solution
Service

By Deployment Mode

On-premise
Cloud

By Application

Digital Games
Accessibility
Chatbots and Assistants
Interactive Games
Others

By Industry Vertical

BFSI
IT and Telecom
Education
Media and Entertainment
Healthcare
Travel and Hospitality
Others

By Region

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Amazon Web Services, Inc.
AT&T Inc.
CandyVoice
CereProc ltd.
Descript
Google LLC
IBM Corporation
iSpeech, Inc.
LumenVox
Microsoft Corporation

Product Code: A05513

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Low-to-high threat of new entrants
- 3.3.3. Low-to-high threat of substitutes
- 3.3.4. Modearate intensity of rivalry
- 3.3.5. Moderate bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Growth in demand for personalized experiences across several industries
  - 3.4.1.2. Increase in initiatives in voice cloning projects
  - 3.4.1.3. The rise in popularity of virtual assistants and chatbots

3.4.2. Restraints
- 3.4.2.1. High cost and scalability concerns
- 3.4.2.2. Increase in risks associated with mock speech

3.4.3. Opportunities
- 3.4.3.1. Advancements in artificial intelligence (AI) and machine learning (ML)

3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: VOICE CLONING MARKET, BY COMPONENT

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Solution
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Service
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country

CHAPTER 5: VOICE CLONING MARKET, BY DEPLOYMENT MODE

5.1. Overview
- 5.1.1. Market size and forecast
5.2. On-premise
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Cloud
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: VOICE CLONING MARKET, BY APPLICATION

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Digital Games
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Accessibility
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
6.4. Chatbots and Assistants
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
6.5. Interactive Games
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
6.6. Others
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country

CHAPTER 7: VOICE CLONING MARKET, BY INDUSTRY VERTICAL

7.1. Overview
- 7.1.1. Market size and forecast
7.2. BFSI
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. IT and Telecom
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
7.4. Education
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
7.5. Media and Entertainment
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
7.6. Healthcare
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by region
- 7.6.3. Market share analysis by country
7.7. Travel and Hospitality
- 7.7.1. Key market trends, growth factors and opportunities
- 7.7.2. Market size and forecast, by region
- 7.7.3. Market share analysis by country
7.8. Others
- 7.8.1. Key market trends, growth factors and opportunities
- 7.8.2. Market size and forecast, by region
- 7.8.3. Market share analysis by country

CHAPTER 8: VOICE CLONING MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by Component
- 8.2.3. Market size and forecast, by Deployment Mode
- 8.2.4. Market size and forecast, by Application
- 8.2.5. Market size and forecast, by Industry Vertical
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Key market trends, growth factors and opportunities
  - 8.2.6.1.2. Market size and forecast, by Component
  - 8.2.6.1.3. Market size and forecast, by Deployment Mode
  - 8.2.6.1.4. Market size and forecast, by Application
  - 8.2.6.1.5. Market size and forecast, by Industry Vertical
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Key market trends, growth factors and opportunities
  - 8.2.6.2.2. Market size and forecast, by Component
  - 8.2.6.2.3. Market size and forecast, by Deployment Mode
  - 8.2.6.2.4. Market size and forecast, by Application
  - 8.2.6.2.5. Market size and forecast, by Industry Vertical
8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by Component
- 8.3.3. Market size and forecast, by Deployment Mode
- 8.3.4. Market size and forecast, by Application
- 8.3.5. Market size and forecast, by Industry Vertical
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. UK
  - 8.3.6.1.1. Key market trends, growth factors and opportunities
  - 8.3.6.1.2. Market size and forecast, by Component
  - 8.3.6.1.3. Market size and forecast, by Deployment Mode
  - 8.3.6.1.4. Market size and forecast, by Application
  - 8.3.6.1.5. Market size and forecast, by Industry Vertical
  - 8.3.6.2. Germany
  - 8.3.6.2.1. Key market trends, growth factors and opportunities
  - 8.3.6.2.2. Market size and forecast, by Component
  - 8.3.6.2.3. Market size and forecast, by Deployment Mode
  - 8.3.6.2.4. Market size and forecast, by Application
  - 8.3.6.2.5. Market size and forecast, by Industry Vertical
  - 8.3.6.3. France
  - 8.3.6.3.1. Key market trends, growth factors and opportunities
  - 8.3.6.3.2. Market size and forecast, by Component
  - 8.3.6.3.3. Market size and forecast, by Deployment Mode
  - 8.3.6.3.4. Market size and forecast, by Application
  - 8.3.6.3.5. Market size and forecast, by Industry Vertical
  - 8.3.6.4. Italy
  - 8.3.6.4.1. Key market trends, growth factors and opportunities
  - 8.3.6.4.2. Market size and forecast, by Component
  - 8.3.6.4.3. Market size and forecast, by Deployment Mode
  - 8.3.6.4.4. Market size and forecast, by Application
  - 8.3.6.4.5. Market size and forecast, by Industry Vertical
  - 8.3.6.5. Spain
  - 8.3.6.5.1. Key market trends, growth factors and opportunities
  - 8.3.6.5.2. Market size and forecast, by Component
  - 8.3.6.5.3. Market size and forecast, by Deployment Mode
  - 8.3.6.5.4. Market size and forecast, by Application
  - 8.3.6.5.5. Market size and forecast, by Industry Vertical
  - 8.3.6.6. Rest of Europe
  - 8.3.6.6.1. Key market trends, growth factors and opportunities
  - 8.3.6.6.2. Market size and forecast, by Component
  - 8.3.6.6.3. Market size and forecast, by Deployment Mode
  - 8.3.6.6.4. Market size and forecast, by Application
  - 8.3.6.6.5. Market size and forecast, by Industry Vertical
8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by Component
- 8.4.3. Market size and forecast, by Deployment Mode
- 8.4.4. Market size and forecast, by Application
- 8.4.5. Market size and forecast, by Industry Vertical
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Key market trends, growth factors and opportunities
  - 8.4.6.1.2. Market size and forecast, by Component
  - 8.4.6.1.3. Market size and forecast, by Deployment Mode
  - 8.4.6.1.4. Market size and forecast, by Application
  - 8.4.6.1.5. Market size and forecast, by Industry Vertical
  - 8.4.6.2. Japan
  - 8.4.6.2.1. Key market trends, growth factors and opportunities
  - 8.4.6.2.2. Market size and forecast, by Component
  - 8.4.6.2.3. Market size and forecast, by Deployment Mode
  - 8.4.6.2.4. Market size and forecast, by Application
  - 8.4.6.2.5. Market size and forecast, by Industry Vertical
  - 8.4.6.3. India
  - 8.4.6.3.1. Key market trends, growth factors and opportunities
  - 8.4.6.3.2. Market size and forecast, by Component
  - 8.4.6.3.3. Market size and forecast, by Deployment Mode
  - 8.4.6.3.4. Market size and forecast, by Application
  - 8.4.6.3.5. Market size and forecast, by Industry Vertical
  - 8.4.6.4. Australia
  - 8.4.6.4.1. Key market trends, growth factors and opportunities
  - 8.4.6.4.2. Market size and forecast, by Component
  - 8.4.6.4.3. Market size and forecast, by Deployment Mode
  - 8.4.6.4.4. Market size and forecast, by Application
  - 8.4.6.4.5. Market size and forecast, by Industry Vertical
  - 8.4.6.5. South Korea
  - 8.4.6.5.1. Key market trends, growth factors and opportunities
  - 8.4.6.5.2. Market size and forecast, by Component
  - 8.4.6.5.3. Market size and forecast, by Deployment Mode
  - 8.4.6.5.4. Market size and forecast, by Application
  - 8.4.6.5.5. Market size and forecast, by Industry Vertical
  - 8.4.6.6. Rest of Asia-Pacific
  - 8.4.6.6.1. Key market trends, growth factors and opportunities
  - 8.4.6.6.2. Market size and forecast, by Component
  - 8.4.6.6.3. Market size and forecast, by Deployment Mode
  - 8.4.6.6.4. Market size and forecast, by Application
  - 8.4.6.6.5. Market size and forecast, by Industry Vertical
8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by Component
- 8.5.3. Market size and forecast, by Deployment Mode
- 8.5.4. Market size and forecast, by Application
- 8.5.5. Market size and forecast, by Industry Vertical
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Latin America
  - 8.5.6.1.1. Key market trends, growth factors and opportunities
  - 8.5.6.1.2. Market size and forecast, by Component
  - 8.5.6.1.3. Market size and forecast, by Deployment Mode
  - 8.5.6.1.4. Market size and forecast, by Application
  - 8.5.6.1.5. Market size and forecast, by Industry Vertical
  - 8.5.6.2. Middle East
  - 8.5.6.2.1. Key market trends, growth factors and opportunities
  - 8.5.6.2.2. Market size and forecast, by Component
  - 8.5.6.2.3. Market size and forecast, by Deployment Mode
  - 8.5.6.2.4. Market size and forecast, by Application
  - 8.5.6.2.5. Market size and forecast, by Industry Vertical
  - 8.5.6.3. Africa
  - 8.5.6.3.1. Key market trends, growth factors and opportunities
  - 8.5.6.3.2. Market size and forecast, by Component
  - 8.5.6.3.3. Market size and forecast, by Deployment Mode
  - 8.5.6.3.4. Market size and forecast, by Application
  - 8.5.6.3.5. Market size and forecast, by Industry Vertical

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2022

CHAPTER 10: COMPANY PROFILES

10.1. Google LLC
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.1.7. Key strategic moves and developments
10.2. Microsoft Corporation
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.2.7. Key strategic moves and developments
10.3. IBM Corporation
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.3.7. Key strategic moves and developments
10.4. Amazon Web Services, Inc.
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.4.7. Key strategic moves and developments
10.5. AT&T Inc.
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.5.7. Key strategic moves and developments
10.6. iSpeech, Inc.
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Key strategic moves and developments
10.7. CandyVoice
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
10.8. LumenVox
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Key strategic moves and developments
10.9. Descript
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.9.6. Key strategic moves and developments
10.10. CereProc ltd.
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Key strategic moves and developments