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Artificial Intelligence (AI) Voice Generator Market Analysis Size Share and Growth 2024-2033
Artificial Intelligence (AI) Voice Generator Market Analysis
As per the report, the artificial intelligence (AI) voice generator market size has grown rapidly in recent years. It will grow from $1.73 billion in 2023 to $2.07 billion in 2024 at a compound annual growth rate (CAGR) of 19.8%. The artificial intelligence (AI) voice generator market size is expected to see exponential growth in the next few years. It will grow to $4.3 billion in 2028 at a compound annual growth rate (CAGR) of 20%.
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AI Voice Generator Market Soars Amidst Growing Demand In Advertising And Media
The increase in demand for AI in advertising and media is expected to propel the growth of the artificial intelligence (AI) voice generator market going forward. AI in advertising and media has gained presence with its ability to optimize target audience, curate personalize content, and analyze vast amounts of data to enhance audience engagement and ROI. AI voice generators revolutionize advertising and media by swiftly creating high-quality voiceovers and personalized content, enhancing brand communication, and engaging audiences effectively. For instance, in November 2023, according to MediaRadar, a US-based customizable advertising intelligence platform, between June 2023 and August 2023, there was a substantial surge in the number of active AI advertisers, with 120 AI brands engaging in advertising activities. This showed a substantial 87% increase from the preceding summer of 2022, during which only 70 AI advertisers were observed. Therefore, the increase in demand for AI in advertising and media will drive the growth of the artificial intelligence (AI) voice generator market.
Technological Advancements In AI Voice Generators With Focus On Voice Cloning And Ethical Considerations
Major companies operating in the artificial intelligence (AI) voice generator market are focusing on voice cloning tools, to enhance the realism and versatility of generated voices, aiming to provide more natural and personalized experiences for users across various applications and industries. Voice cloning tools are software solutions that replicate the unique vocal characteristics of individuals for various applications like virtual assistants and personalized audio content creation. For instance, in March 2024, OpenAI, a US-based artificial intelligence research organization, launched Voice Engine, a voice cloning tool designed to replicate speech patterns with remarkable accuracy. OpenAI aims to leverage voice AI for reading assistance, aiding non-readers and children, and for therapeutic and educational support for non-verbal individuals and those with learning needs.
The artificial intelligence (AI) voice generator market covered in this report is segmented -
1) By Type: Text To Speech, Voice Changer
2) By Deployment: On-premise , Cloud Based
3) By End-User: Healthcare, Banking, Financial Services And Insurance (BFSI), Manufacturing, Advertising And Media, Retail, Automotive, Transportation, Other End-Use Industries
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Major companies operating in the artificial intelligence (AI) voice generator market are Google LLC, Amazon Web Services Inc., Microsoft Azure, International Business Machines Corporation, Oracle Corporation, Baidu Inc., Iflytek Co. Ltd., Lingraphica Inc., Veritone Voice Inc., Descript Inc., Speechify Inc., Clipchamp Pty Ltd, ElevenLabs SAS, Murf Ai Inc., WellSaid Labs Inc., Resemble AI Pty Ltd, iSpeech Inc., CereProc Ltd, Speechelo Inc., VocaliD Inc., Voicery Inc., Replica Studios Inc., Voxygen Productions, Voicebooking.com BV, Lovo Inc., NaturalReader
Contents of the report:
1. Executive Summary
2. Artificial Intelligence (AI) Voice Generator Market Report Structure
3. Artificial Intelligence (AI) Voice Generator Market Trends And Strategies
4. Artificial Intelligence (AI) Voice Generator Market - Macro Economic Scenario
5. Artificial Intelligence (AI) Voice Generator Market Size And Growth
…..
27. Artificial Intelligence (AI) Voice Generator Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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