Press release
Key Influencer in the Artificial Intelligence (AI) Voice Generator Market 2025: AI Voice Generator Market Soars Amidst Growing Demand In Advertising And Media Driver
Artificial Intelligence (AI) Voice Generator
The artificial intelligence (AI) voice generator market's growth is projected to be driven by a rising demand for AI in the advertising and media sectors. The use of AI in these sectors is increasing due to its capabilities such as optimizing the target audience, personalizing content, and analyzing large data sets to boost audience engagement and return on investment (ROI). AI voice generators are transforming these industries by quickly generating top-quality voiceovers and customized content that enhances brand messaging and effectively engages audiences. For example, MediaRadar, a customizable advertising intelligence platform based in the US, reported that between June 2023 and August 2023, there was a significant increase in AI advertiser activity, with 120 AI brands participating in advertising. This represents a considerable 87% increase from the previous summer of 2022, during which only 70 AI advertisers participated. Thus, the mounting demand for AI in advertising and media is anticipated to fuel the expansion of the AI voice generator market.
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What is the projected compound annual growth rate (CAGR) of the artificial intelligence (ai) voice generator market from 2025 to 2034, and what factors influence it?
In the last few years, the artificial intelligence (AI) voice generator market has witnessed a significant surge in its size. The market is projected to expand from $2.07 billion in 2024 to $2.49 billion in 2025, with a compound annual growth rate (CAGR) of 20.1%. The factors contributing to the growth during the historic period include a heightened demand for virtual assistants, escalating requirements for customer service automation, increased use of gaming applications, and improved accessibility tools for those who are visually impaired.
The market for AI voice generator technology is forecasted to experience a significant expansion within the coming years, set to reach the value of $5.15 billion by 2029 while growing at a 19.9% CAGR. This predicted growth during the forecast period can be credited to the utilization of AI voice generators across numerous devices, the widening scope of virtual assistants, the need for customized customer interactions, the advent of emerging game trends and applications, increased emphasis on universal design and accessibility norms, as well as the growing appeal of audiobooks and podcasts. The projection period is likely to see trends such as the development of natural language processing, broadened multilingual support, adjustable voice styles, integration with IoT gadgets, superior emotional intelligence offerings, and bettered voice cloning tech.
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How are the latest trends influencing the growth of the artificial intelligence (ai) voice generator market?
Key businesses in the AI voice generator market are emphasizing on voice cloning tools to better the authenticity and adaptability of synthesised voices, with the objective to offer more human-like and customized experiences across numerous applications and sectors. Voice cloning tools are software offerings that duplicate the specific vocal attributes of persons for different applications like virtual assistants and personalised voice content production. To illustrate, OpenAI, an American AI research agency, introduced Voice Engine in March 2024, a voice cloning tool tailored to mimic speech patterns with exceptional precision. OpenAI's goal is to apply voice AI in areas such as reading assistance for those who can't read or children, as well as therapeutic and academic aid for non-speaking individuals and those with educational requirements.
What are the major segments of the artificial intelligence (ai) voice generator market and their role in driving growth?
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
Subsegments:
1) By Text To Speech: Neural Tts (Text-To-Speech), Standard Tts, Speech Synthesis Markup Language (Ssml) Tts
2) By Voice Changer: Real-Time Voice Changer, Post-Processing Voice Changer, Customizable Voice Changer
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Which regions are key players in the growth of the artificial intelligence (ai) voice generator market?
North America was the largest region in the artificial intelligence (AI) voice generator market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) voice generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the artificial intelligence (ai) voice generator market?
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
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What Is Covered In The Artificial Intelligence (AI) Voice Generator Global Market Report?
•Market Size Forecast: Examine the artificial intelligence (ai) voice generator market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the artificial intelligence (ai) voice generator market for a structured understanding.
•Key Players Overview: Analyze major players in the artificial intelligence (ai) voice generator market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence (ai) voice generator market.
•Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence (ai) voice generator market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence (ai) voice generator market.
•Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence (ai) voice generator market.
•Competitive Landscape: Review strategic developments in the artificial intelligence (ai) voice generator market, including expansions, agreements, and new product launches.
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