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Artificial Intelligence (AI) Voice Generator Market Expansion Continues, with Forecast Valuation of $5.15 Billion by 2029
Artificial Intelligence (AI) Voice Generator
Artificial Intelligence (AI) Voice Generator Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the last few years, the artificial intelligence (AI) voice generator market has seen substantial growth. The market, which was worth $2.07 billion in 2024, is expected to expand to $2.49 billion in 2025, with a compound annual growth rate (CAGR) of 20.1%. The historic growth of this market is largely due to factors like the growing demand for virtual assistants, the need for automating customer service, the increasing popularity of gaming applications, and improved accessibility tools for those with visual impairments.
Artificial Intelligence (AI) Voice Generator Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market size of the AI voice generator is predicted to experience swift expansion. The growth is projected to reach $5.15 billion in 2029 with a 19.9% CAGR. The growth rate for the prognosis period can be ascribed to the assimilation of AI voice generators in diverse devices, the enlargement of virtual assistant functions, increased demand for tailored customer interactions, the rise of novel game trends and applications, an intensified emphasis on broad-ranging design and accessibility requirements, and the escalating fame of audiobooks and podcasts. Key trends during the forecast period encompass advancements in natural language processing, widening multilingual support, adaptable voice styles, incorporation with IoT devices, bettered emotional intelligence capabilities, and advanced voice cloning technology.
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What Are the Drivers Transforming the Artificial Intelligence (AI) Voice Generator Market?
The artificial intelligence (AI) voice generator market's growth is expected to be propelled by the increasing demand for AI in advertising and media. The prominence of AI in these sectors has been noted due to its capabilities to optimize target audiences, produce personalized content, and examine large data quantities to improve audience involvement and return on investment. AI voice generators are transforming the advertising and media landscapes by rapidly generating high-quality voiceovers and tailored content, hence increasing brand communication and engaging audiences more effectively. MediaRadar, a US-based customized advertising intelligence platform, noted that from June 2023 to August 2023, there was a significant rise in the number of active AI advertisers. Around 120 AI brands participated in advertising activities, marking an impressive 87% increase from the previous summer of 2022, where only 70 AI advertisers were noticed. Therefore, the rise in demand for AI in advertising and media is projected to fuel the growth of the artificial intelligence (AI) voice generator market.
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What Long-Term Trends Will Define the Future of the Artificial Intelligence (AI) Voice Generator Market?
Firms leading the AI voice generator market are concentrating on voice cloning tools to amplify the authenticity and adaptability of the generated voices, with the intent to offer more organic and customized experiences for users in diverse applications and sectors. Voice cloning tools, which are software applications that duplicate an individual's unique vocal features for various uses such as virtual assistants and personalized audio content production. As an example, OpenAI, an American AI research entity, introduced Voice Engine in March 2024, a voice cloning tool aimed at replicating speech patterns with astounding precision. OpenAI is set to utilize voice AI to assist in reading, support non-readers and children, and provide therapeutic and educational aid for non-verbal persons and those with learning needs.
Which Segments in the Artificial Intelligence (AI) Voice Generator Market Offer the Most Profit Potential?
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 Firms Dominate the Artificial Intelligence (AI) Voice Generator Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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