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Global Voice Cloning Market Analysis & Forecast (2018-2023): Projected to Grow at a CAGR of 30.7%, Driven by the Growing Number of Initiatives in Voice Cloning Projects



(MENAFN - PR Newswire)

DUBLIN, Nov. 16, 2018 /PRNewswire/ --

The "Voice Cloning Market by Component (Solutions (Software Tools & Platforms) and Services), Application (Chatbots & Assistants, Accessibility, Digital Games, Interactive learning), Deployment Mode, Vertical, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

This research expects the global voice cloning market size to grow from USD 456 million in 2018 to USD 1,739 million by 2023, at a Compound Annual Growth Rate (CAGR) of 30.7% during the forecast period.

Major growth drivers for the market include the rapid surge in the demand for Internet of Things (IoT) and connected devices, and the growth in the number of initiatives in voice cloning projects. However, complexities in recreating natural speech are the major restraining factors in this market.

Services segment is expected to grow at a higher CAGR during the forecast period

In the voice cloning market by component, the services segment is expected grow at a higher CAGR during the forecast period. Most of the voice cloning vendors support their customers in the efficient use of voice cloning solutions and help maintain these solutions with voice cloning services. The voice cloning market includes services that help users replicate human voices with realistic voice quality, emotion, and unique speaking styles.Cloud segment is expected to grow at a higher CAGR during the forecast periodIn the voice cloning market by deployment mode, the cloud segment is expected to grow at a higher CAGR during the forecast period. Various vendors have started offering cloud-based voice cloning solutions. The demand for cloud-based voice cloning solutions is expected to grow due to various benefits offered by cloud, such as flexibility, scalability, and cost-effectiveness. APAC is expected to grow at the highest CAGR during the forecast periodAmong regions, APAC is expected to grow at the highest CAGR in the global voice cloning market during the forecast period. Various players across the region are focusing on Research and Development (R & D) in the voice cloning technology.

Key Topics Covered

1 Introduction1.1 Objectives of the Study1.2 Market Definition1.3 Market Segmentation1.3.1 Country Coverage1.3.2 Years Considered for the Study1.4 Currency Considered1.5 Stakeholders2 Research Methodology2.1 Research Data2.1.1 Secondary Data2.1.2 Primary Data2.1.2.1 Breakup of Primaries2.1.2.2 Key Industry Insights2.1.2.3 Market Breakdown and Data Triangulation2.2 Market Size Estimation2.2.1 Bottom-Up Approach2.2.2 Top-Down Approach2.3 Assumptions for the Study2.4 Limitations of the Study3 Executive Summary4 Premium Insights4.1 Attractive Market Opportunities in the Voice Cloning Market4.2 Voice Cloning Market: Top 3 Verticals4.3 Voice Cloning Market: Major Countries4.4 Voice Cloning Market in North America, By Solution and Country5 Market Overview and Industry Trends5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Rapid Surge in Demand for IoT and Connected Devices5.2.1.2 Growing Number of Initiatives in Voice Cloning Projects5.2.2 Restraints5.2.2.1 Complexities in Recreating Natural Speech5.2.3 Opportunities5.2.3.1 Integrating AI Technologies With Voice Cloning Solutions5.2.3.2 Personalization in Human-Device Interface5.2.4 Challenges5.2.4.1 Concerns Over Potential Misuse of the Voice Cloning Technology5.2.4.2 Requirement of Standard Speech Repository5.3 Use Cases5.3.1 Introduction5.3.1.1 Use Case: Scenario 15.3.1.2 Use Case: Scenario 25.3.1.3 Use Case: Scenario 35.3.1.4 Use Case: Scenario 45.3.1.5 Use Case: Scenario 55.4 Regulatory Implications5.4.1 Introduction5.4.2 National Health and Medical Research Council (NHMRC)5.4.3 The Americans With Disabilities Act (ADA) Accessibility Compliance5.4.4 The Polish Civil Code5.4.5 Markets in Financial Instruments Directive (MIDFID II)6 Voice Cloning Market, By Component6.1 Introduction6.2 Solutions6.2.1 Software Tools6.2.1.1 Ease Offered By Software Tools to Integrate the Cloned Voices Into Various Applications to Boost the Growth of Software Tools in the Voice Cloning Market6.2.2 Platforms6.2.2.1 Platforms Provide A Complete Foundation to Create Various Voice Cloning Applications6.3 Services6.3.1 Professional Services6.3.1.1 the Technicalities Involved in Implementing the Voice Cloning Solutions to Boost the Growth of Professional Services6.3.2 Managed Services6.3.2.1 With the Increasing Deployment of Voice Cloning Solutions, the Requirement for Managed Services Will Also Increase7 Voice Cloning Market, By Application7.1 Introduction7.2 Chatbots and Assistants7.2.1 Increasing Demand for Integrating the Voice Cloning Technology Into Chatbots and Assistants Application for Making Their Conversational Capabilities Sound More Natural and Personalized Will Boost the Growth of This Application7.3 Accessibility7.3.1 Improved Conversational Capabilities for People Suffering From Loss of Speech Will Boost the Demand for Accessibility Application7.4 Digital Games7.4.1 Digital Games Applications Help Children Make the Learning Process an Easy Experience7.5 Interactive Learning7.5.1 Rising Demand for Enhancing the Elearning Experience Will Boost the Adoption of Interactive Learning Application7.6 Others8 Voice Cloning Market, By Deployment Mode8.1 Introduction8.2 Cloud8.2.1 Benefits Such as Scalability and Ease of Implementation Will Boost the Growth of the Cloud Deployment Mode8.3 On-Premises8.3.1 Data-Sensitive Organizations Will Adopt the On-Premises Deployment Mode for Voice Cloning Solutions9 Voice Cloning Market, By Vertical9.1 Introduction9.2 Healthcare and Life Sciences9.2.1 Integration of Voice Cloning Solutions Into the Aac Device Will Give A Boost to the Growth of Voice Cloning Solutions in the Healthcare and Life Sciences Vertical9.3 Education9.3.1 There is Increasing Demand for Voice Cloning Solutions in the Education Vertical to Make the Elearning Process More Easy and Personalized9.4 Telecom9.4.1 Integration of Voice Cloning Solutions Into Interactive Applications Such as IVR and Enquiry Systems Will Give A Boost to the Growth of Voice Cloning Solutions in the Telecom Vertical9.5 Banking, Financial Services, and Insurance9.5.1 Voice-Enabled ATM is the Major Application Area for Voice Cloning Solutions in the BFSI Vertical9.6 Travel and Hospitality9.6.1 GPS Navigation Systems Will Make Use of Voice Cloning Solutions on A Large Scale in the Travel and Hospitality Vertical9.7 Media and Entertainment9.7.1 Integrating Personalized Voice in Digital Games Will Boost the Growth of Voice Cloning Solutions in the Media and Entertainment Vertical9.8 Others10 Voice Cloning Market, By Region10.1 Introduction10.2 North America10.2.1 United States10.2.1.1 Need to Develop Cloned Voices for People Suffering From Mnd is Expected to Increase the Adoption of Voice Cloning Solutions in the Us10.2.2 Canada10.2.2.1 Increasing Development in Voice Cloning Solutions is Expected to Drive the Growth of the Voice Cloning Market in Canada10.3 Europe10.3.1 United Kingdom10.3.1.1 Growing Investments in AI Technologies and Developments in Speech Technologies are Expected to Drive the Market in the Uk10.3.2 Germany10.3.2.1 Increasing Adoption of Voice Cloning Solutions By Different Verticals is Expected to Drive the Market in Germany10.3.3 France10.3.3.1 Growing Focus of Solution Provider Toward Delivering Innovative Voice Cloning Solutions is Expected to Fuel the Market Growth Across the Region.10.3.4 Rest of Europe10.4 Asia Pacific10.4.1 China10.4.1.1 Research Initiatives in the Voice Cloning Technology to Help Boost the Adoption of Voice Cloning Solutions10.4.2 Japan10.4.2.1 Increasing Focus on Delivering Personalized Experience is Expected to Increase the Adoption of Voice Cloning Solutions10.4.3 India10.4.3.1 Increasing Internet Penetration and Growing Adoption of Connected Devices Would Help Boost the Market Growth in India10.4.4 Rest of Asia Pacific10.5 Middle East and Africa10.5.1 Israel10.5.1.1 Rise in the Adoption of Advanced Technologies Would Provide Opportunities for Voice-Enabled Solutions10.5.2 United Arab Emirates10.5.2.1 Growing Digital Initiatives Would Offer Opportunities to Deploy Voice Cloning Solutions in UAE10.5.3 Qatar10.5.3.1 With Increasing Awareness About Voice Cloning Solutions, Qatar is Expected to Adopt Voice Cloning Solutions in the Coming Years10.5.4 Rest of Middle East and Africa10.6 Latin America10.6.1 Brazil10.6.1.1 Rising Focus of Global Voice Cloning Solution Providers in Brazil Would Help the Market Growth in the Coming Years10.6.2 Mexico10.6.2.1 Growing Steps Toward Revolution of Various Technologies in Mexico May Create Demand for Voice-Based Solutions in the Coming Years10.6.3 Rest of Latin America11 Competitive Landscape11.1 Overview11.2 Ranking of Key Players11.3 Competitive Scenario11.3.1 New Product Launches and Product Enhancements11.3.2 Partnerships and Collaborations11.3.3 Mergers and Acquisitions12 Company Profiles12.1 IBM12.2 Google12.3 Lyrebird12.4 Nuance Communications12.5 Baidu12.6 Microsoft12.7 AWS12.8 AT & T12.9 NeoSpeech12.10 Smartbox Assistive Technology12.11 exClone12.12 LumenVox12.13 Kata.ai12.14 Alt.ai12.15 CereProc12.16 Acapela Group12.17 VocaliD12.18 Voicery12.19 Aristech12.20 Cepstral12.21 iSpeech12.22 VivoText12.23 Voctro Labs12.24 rSpeak12.25 CandyVoice

For more information about this report visit https://www.researchandmarkets.com/research/r9xt5r/global_voice?w=5

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SOURCE Research and Markets

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Global Voice Cloning Market Analysis & Forecast (2018-2023): Projected to Grow at a CAGR of 30.7%, Driven by the Growing Number of Initiatives in Voice Cloning Projects

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