+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

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

  • PDF Icon

    Report

  • 150 Pages
  • November 2018
  • Region: Global
  • Markets and Markets
  • ID: 4668366

Global voice cloning market is expected to grow at a CAGR of 30.7% during the forecast period

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 period

In 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 period

Among 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.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the global
voice cloning market.

  • By Company Type: Tier I: 12%, Tier II: 48%, and Tier III: 40%
  • By Designation: C-Level: 34%, Director Level: 38%, and Others: 28%
  • By Region: North America: 36%, Europe: 25%, APAC: 29%, MEA: 5%, and Latin America: 5%

The report profiles major vendors in the global voice cloning market, including Google (US), Microsoft (US), IBM (US), AWS (US), AT&T (US), Baidu (China), Nuance Communications (US), iSpeech (US), NeoSpeech (US), CereProc (Scotland), Cepstral (US), Lyrebird (Canada), Kata.ai (Indonesia), alt Inc. (Japan), Aristech GmbH (Germany), Acapela Group (Belgium), VocaliD (US), Voicery (US), Voctro Labs (Spain), exClone (US), CandyVoice (France), LumenVox (US), rSpeak (Netherlands), Smartbox Assistive Technology (UK), and VivoText (Israel). The report includes an in-depth competitive analysis of these key voice cloning market players, along with their company profiles that include business overviews, product offerings, recent developments, and market strategies.

Research Coverage

The report segments the global voice cloning market by component, application, deployment mode, vertical, and region. The market by type includes access, analytics, and engagement. The component segment covers solutions and services. The application segment includes chatbots and assistants, accessibility, digital games, interactive learning, and other applications. The market by deployment mode comprises cloud and on-premises categories. The vertical segment of the market includes healthcare and life sciences; education; telecom; Banking, Financial Services, and Insurance (BFSI); travel and hospitality; media and entertainment; and others (energy and utilities, and government and defense). The report covers the voice cloning market in 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

The report would help the market leaders and new entrants in the global voice cloning market in the following ways:

  • The report segments the market into various subsegments, hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are further split across various applications and regions.
  • The report helps in understanding the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities.
  • The report helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Segmentation
1.3.1 Country Coverage
1.3.2 Years Considered for the Study
1.4 Currency Considered
1.5 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.1.2.2 Key Industry Insights
2.1.2.3 Market Breakdown and Data Triangulation
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Assumptions for the Study
2.4 Limitations of the Study
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Voice Cloning Market
4.2 Voice Cloning Market: Top 3 Verticals
4.3 Voice Cloning Market: Major Countries
4.4 Voice Cloning Market in North America, By Solution and Country
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rapid Surge in Demand for IoT and Connected Devices
5.2.1.2 Growing Number of Initiatives in Voice Cloning Projects
5.2.2 Restraints
5.2.2.1 Complexities in Recreating Natural Speech
5.2.3 Opportunities
5.2.3.1 Integrating AI Technologies With Voice Cloning Solutions
5.2.3.2 Personalization in Human-Device Interface
5.2.4 Challenges
5.2.4.1 Concerns Over Potential Misuse of the Voice Cloning Technology
5.2.4.2 Requirement of Standard Speech Repository
5.3 Use Cases
5.3.1 Introduction
5.3.1.1 Use Case: Scenario 1
5.3.1.2 Use Case: Scenario 2
5.3.1.3 Use Case: Scenario 3
5.3.1.4 Use Case: Scenario 4
5.3.1.5 Use Case: Scenario 5
5.4 Regulatory Implications
5.4.1 Introduction
5.4.2 National Health and Medical Research Council (NHMRC)
5.4.3 The Americans With Disabilities Act (ADA) Accessibility Compliance
5.4.4 The Polish Civil Code
5.4.5 Markets in Financial Instruments Directive (MIDFID II)
6 Voice Cloning Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Software Tools
6.2.1.1 Ease Offered By Software Tools to Integrate the Cloned Voices Into Various Applications to Boost the Growth of Software Tools in the Voice Cloning Market
6.2.2 Platforms
6.2.2.1 Platforms Provide A Complete Foundation to Create Various Voice Cloning Applications
6.3 Services
6.3.1 Professional Services
6.3.1.1 the Technicalities Involved in Implementing the Voice Cloning Solutions to Boost the Growth of Professional Services
6.3.2 Managed Services
6.3.2.1 With the Increasing Deployment of Voice Cloning Solutions, the Requirement for Managed Services Will Also Increase
7 Voice Cloning Market, By Application
7.1 Introduction
7.2 Chatbots and Assistants
7.2.1 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 Application
7.3 Accessibility
7.3.1 Improved Conversational Capabilities for People Suffering From Loss of Speech Will Boost the Demand for Accessibility Application
7.4 Digital Games
7.4.1 Digital Games Applications Help Children Make the Learning Process an Easy Experience
7.5 Interactive Learning
7.5.1 Rising Demand for Enhancing the Elearning Experience Will Boost the Adoption of Interactive Learning Application
7.6 Others
8 Voice Cloning Market, By Deployment Mode
8.1 Introduction
8.2 Cloud
8.2.1 Benefits Such as Scalability and Ease of Implementation Will Boost the Growth of the Cloud Deployment Mode
8.3 On-Premises
8.3.1 Data-Sensitive Organizations Will Adopt the On-Premises Deployment Mode for Voice Cloning Solutions
9 Voice Cloning Market, By Vertical
9.1 Introduction
9.2 Healthcare and Life Sciences
9.2.1 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 Vertical
9.3 Education
9.3.1 There is Increasing Demand for Voice Cloning Solutions in the Education Vertical to Make the Elearning Process More Easy and Personalized
9.4 Telecom
9.4.1 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 Vertical
9.5 Banking, Financial Services, and Insurance
9.5.1 Voice-Enabled ATM is the Major Application Area for Voice Cloning Solutions in the BFSI Vertical
9.6 Travel and Hospitality
9.6.1 GPS Navigation Systems Will Make Use of Voice Cloning Solutions on A Large Scale in the Travel and Hospitality Vertical
9.7 Media and Entertainment
9.7.1 Integrating Personalized Voice in Digital Games Will Boost the Growth of Voice Cloning Solutions in the Media and Entertainment Vertical
9.8 Others
10 Voice Cloning Market, By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Need to Develop Cloned Voices for People Suffering From Mnd is Expected to Increase the Adoption of Voice Cloning Solutions in the Us
10.2.2 Canada
10.2.2.1 Increasing Development in Voice Cloning Solutions is Expected to Drive the Growth of the Voice Cloning Market in Canada
10.3 Europe
10.3.1 United Kingdom
10.3.1.1 Growing Investments in AI Technologies and Developments in Speech Technologies are Expected to Drive the Market in the Uk
10.3.2 Germany
10.3.2.1 Increasing Adoption of Voice Cloning Solutions By Different Verticals is Expected to Drive the Market in Germany
10.3.3 France
10.3.3.1 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 Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Research Initiatives in the Voice Cloning Technology to Help Boost the Adoption of Voice Cloning Solutions
10.4.2 Japan
10.4.2.1 Increasing Focus on Delivering Personalized Experience is Expected to Increase the Adoption of Voice Cloning Solutions
10.4.3 India
10.4.3.1 Increasing Internet Penetration and Growing Adoption of Connected Devices Would Help Boost the Market Growth in India
10.4.4 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Israel
10.5.1.1 Rise in the Adoption of Advanced Technologies Would Provide Opportunities for Voice-Enabled Solutions
10.5.2 United Arab Emirates
10.5.2.1 Growing Digital Initiatives Would Offer Opportunities to Deploy Voice Cloning Solutions in UAE
10.5.3 Qatar
10.5.3.1 With Increasing Awareness About Voice Cloning Solutions, Qatar is Expected to Adopt Voice Cloning Solutions in the Coming Years
10.5.4 Rest of Middle East and Africa
10.6 Latin America
10.6.1 Brazil
10.6.1.1 Rising Focus of Global Voice Cloning Solution Providers in Brazil Would Help the Market Growth in the Coming Years
10.6.2 Mexico
10.6.2.1 Growing Steps Toward Revolution of Various Technologies in Mexico May Create Demand for Voice-Based Solutions in the Coming Years
10.6.3 Rest of Latin America
11 Competitive Landscape
11.1 Overview
11.2 Ranking of Key Players
11.3 Competitive Scenario
11.3.1 New Product Launches and Product Enhancements
11.3.2 Partnerships and Collaborations
11.3.3 Mergers and Acquisitions
12 Company Profiles
12.1 IBM
12.2 Google
12.3 Lyrebird
12.4 Nuance Communications
12.5 Baidu
12.6 Microsoft
12.7 AWS
12.8 AT&T
12.9 NeoSpeech
12.10 Smartbox Assistive Technology
12.11 exClone
12.12 LumenVox
12.13 Kata.Ai
12.14 Alt.Ai
12.15 CereProc
12.16 Acapela Group
12.17 VocaliD
12.18 Voicery
12.19 Aristech
12.20 Cepstral
12.21 Ispeech
12.22 VivoText
12.23 Voctro Labs
12.24 rSpeak
12.25 CandyVoice
13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Subscription Portal
13.4 Related Reports
13.5 Author Details
List of Tables
Table 1 United States Dollar Exchange Rate, 2015-2017
Table 2 Global Voice Cloning Market Size and Growth Rate, 2016-2023 (USD Million, Y-O-Y %)
Table 3 Connected Devices (In Billion), 2016-2022
Table 4 Voice Cloning Market Size, By Component, 2016-2023 (USD Million)
Table 5 Solutions: Voice Cloning Market Size, 2016-2023 (USD Million)
Table 6 Solutions: Market Size, By Region, 2016-2023 (USD Million)
Table 7 Software Tools Market Size, By Region, 2016-2023 (USD Million)
Table 8 Platforms Market Size, By Region, 2016-2023 (USD Million)
Table 9 Services: Voice Cloning Market Size, 2016-2023 (USD Million)
Table 10 Services: Market Size, By Region, 2016-2023 (USD Million)
Table 11 Professional Services Market Size, By Region, 2016-2023 (USD Million)
Table 12 Managed Services Market Size, By Region, 2016-2023 (USD Million)
Table 13 Voice Cloning Market Size, By Application, 2016-2023 (USD Million)
Table 14 Chatbots and Assistants: Market Size, By Region, 2016-2023 (USD Million)
Table 15 Accessibility: Market Size, By Region, 2016-2023 (USD Million)
Table 16 Digital Games: Market Size, By Region, 2016-2023 (USD Million)
Table 17 Interactive Learning: Market Size, By Region, 2016-2023 (USD Million)
Table 18 Others: Market Size, By Region, 2016-2023 (USD Million)
Table 19 Voice Cloning Market Size, By Deployment Mode, 2016-2023 (USD Million)
Table 20 Cloud: Market Size, By Region, 2016-2023 (USD Million)
Table 21 On-Premises: Market Size, By Region, 2016-2023 (USD Million)
Table 22 Voice Cloning Market Size, By Vertical, 2016-2023 (USD Million)
Table 23 Healthcare and Life Sciences: Market Size, By Region, 2016-2023 (USD Million)
Table 24 Education: Market Size, By Region, 2016-2023 (USD Million)
Table 25 Telecom: Market Size, By Region, 2016-2023 (USD Million)
Table 26 Banking, Financial Services, and Insurance: Market Size, By Region, 2016-2023 (USD Million)
Table 27 Travel and Hospitality: Market Size, By Region, 2016-2023 (USD Million)
Table 28 Media and Entertainment: Market Size, By Region, 2016-2023 (USD Million)
Table 29 Others: Market Size, By Region, 2016-2023 (USD Million)
Table 30 Voice Cloning Market Size, By Region, 2016-2023 (USD Million)
Table 31 Global Artificial Intelligence-Focused Spending (USD Billion)
Table 32 North America: Voice Cloning Market Size, By Country, 2016-2023 (USD Million)
Table 33 North America: Market Size, By Component, 2016-2023 (USD Million)
Table 34 North America: Market Size, By Solution, 2016-2023 (USD Million)
Table 35 North America: Market Size, By Service, 2016-2023 (USD Million)
Table 36 North America: Market Size, By Application, 2016-2023 (USD Million)
Table 37 North America: Market Size, By Deployment Mode, 2016-2023 (USD Million)
Table 38 North America: Market Size, By Vertical, 2016-2023 (USD Million)
Table 39 Europe: Voice Cloning Market Size, By Country, 2016-2023 (USD Million)
Table 40 Europe: Market Size, By Component, 2016-2023 (USD Million)
Table 41 Europe: Market Size, By Solution, 2016-2023 (USD Million)
Table 42 Europe: Market Size, By Service, 2016-2023 (USD Million)
Table 43 Europe: Market Size, By Application, 2016-2023 (USD Million)
Table 44 Europe: Market Size, By Deployment Mode, 2016-2023 (USD Million)
Table 45 Europe: Market Size, By Vertical, 2016-2023 (USD Million)
Table 46 Asia Pacific: Market Size, By Country, 2016-2023 (USD Million)
Table 47 Asia Pacific: Market Size, By Component, 2016-2023 (USD Million)
Table 48 Asia Pacific: Market Size, By Solution, 2016-2023 (USD Million)
Table 49 Asia Pacific: Voice Cloning Market Size, By Service, 2016-2023 (USD Million)
Table 50 Asia Pacific: Market Size, By Application, 2016-2023 (USD Million)
Table 51 Asia Pacific: Market Size, By Deployment Mode, 2016-2023 (USD Million)
Table 52 Asia Pacific: Market Size, By Vertical, 2016-2023 (USD Million)
Table 53 Middle East and Africa: Voice Cloning Market Size, By Country, 2016-2023 (USD Million)
Table 54 Middle East and Africa: Market Size, By Component, 2016-2023 (USD Million)
Table 55 Middle East and Africa: Market Size, By Solution, 2016-2023 (USD Million)
Table 56 Middle East and Africa: Voice Cloning Market Size, By Service, 2016-2023 (USD Million)
Table 57 Middle East and Africa: Market Size, By Application, 2016-2023 (USD Million)
Table 58 Middle East and Africa: Market Size, By Deployment Mode, 2016-2023 (USD Million)
Table 59 Middle East and Africa: Market Size, By Vertical, 2016-2023 (USD Million)
Table 60 Latin America: Voice Cloning Market Size, By Country, 2016-2023 (USD Million)
Table 61 Latin America: Market Size, By Component, 2016-2023 (USD Million)
Table 62 Latin America: Market Size, By Solution, 2016-2023 (USD Million)
Table 63 Latin America: Voice Cloning Market Size, By Service, 2016-2023 (USD Million)
Table 64 Latin America: Market Size, By Application, 2016-2023 (USD Million)
Table 65 Latin America: Market Size, By Deployment Mode, 2016-2023 (USD Million)
Table 66 Latin America: Voice Cloning Market Size, By Vertical, 2016-2023 (USD Million)
Table 67 New Product Launches and Product Enhancements, 2016-2018
Table 68 Partnerships and Collaborations, 2016-2018
Table 69 Mergers and Acquisitions, 2017-2018
List of Figures
Figure 1 Global Voice Cloning Market: Research Design
Figure 2 Voice Cloning Market: Bottom-Up Approach
Figure 3 Market: Top-Down Approach
Figure 4 Market Snapshot, By Component
Figure 5 Market Snapshot, By Solution
Figure 6 Voice Cloning Market Snapshot, By Service
Figure 7 Market Snapshot, By Application
Figure 8 Market Snapshot, By Deployment Mode
Figure 9 Market Snapshot, By Vertical
Figure 10 Market Snapshot, By Region
Figure 11 Growing Number of Initiatives in Voice Cloning Projects is A Major Factor Driving the Overall Growth of the Voice Cloning Market During the Forecast Period
Figure 12 Healthcare and Life Sciences Vertical is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 India is Expected to Grow at the Highest Rate During the Forecast Period
Figure 14 Software Tools Segment and the United States Accounted for the Highest Shares in the Voice Cloning Market for North America in 2017
Figure 15 Drivers, Restraints, Opportunities, and Challenges: Voice Cloning Market
Figure 16 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 17 Platforms Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 18 Managed Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 19 Digital Games Segment is Expected to Record the Highest CAGR During the Forecast Period
Figure 20 Cloud Deployment Mode is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 21 Healthcare and Life Sciences Vertical is Expected to Witness the Highest CAGR During the Forecast Period
Figure 22 North America is Expected to Account for the Largest Market Size During the Forecast Period
Figure 23 India is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Key Developments By the Leading Players in the Global Voice Cloning Market, 2015-2018
Figure 27 Baidu Led the Voice Cloning Market in 2017
Figure 28 IBM: Company Snapshot
Figure 29 IBM: SWOT Analysis
Figure 30 Google: Company Snapshot
Figure 31 Google: SWOT Analysis
Figure 32 Lyrebird: SWOT Analysis
Figure 33 Nuance Communications: Company Snapshot
Figure 34 Baidu: Company Snapshot
Figure 35 Baidu: SWOT Analysis
Figure 36 Microsoft: Company Snapshot
Figure 37 Microsoft: SWOT Analysis
Figure 38 AWS: Company Snapshot
Figure 39 AWS: SWOT Analysis
Figure 40 AT&T: Company Snapshot

Samples

Loading
LOADING...

Companies Mentioned

  • Acapela Group
  • Alt.Ai
  • Aristech
  • AT&T
  • AWS
  • Baidu
  • CandyVoice
  • Cepstral
  • CereProc
  • exClone
  • Google
  • IBM
  • Ispeech
  • Kata.Ai
  • LumenVox
  • Lyrebird
  • Microsoft
  • NeoSpeech
  • Nuance Communications
  • rSpeak
  • Smartbox Assistive Technology
  • VivoText
  • VocaliD
  • Voctro Labs
  • Voicery

Table Information