Audio AI Tools Market Trends: the market is projected to grow from US$ 1,258 million in 2024 to US$ 2,683 million by 2031

According to the recent report from QYResearch, the Audio AI Tools market is entering a new scale-up phase marked by enterprise-grade real-time voice agents, multilingual creation, and mainstream accessibility use cases. The market is projected to grow from US$ 1,258 million in 2024 to US$ 2,683 million by 2031, a CAGR of 11.0% (2025-2031), powered by content creation, voice interaction, and rapid model advances across speech recognition, synthesis, enhancement, and music generation.

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Latest Market Data

· Report Title: Global Audio AI Tools Market Outlook, In-Depth Analysis & Forecast to 2031

· Forecasted Market Size in 2031: US$ 2,683 million

· CAGR (2025-2031): 11.0%

· Forecast Units: USD million (value)

· Report Coverage: Revenue and volume forecast, company share, competitive landscape, growth factors and trends

· Market Size Available for Years: 2025-2031

· Regions Covered: North America, Europe, APAC, South America, Middle East & Africa

· Chapter Outline: Scope & segmentation; global outlook; player landscape; margin-rich segments; downstream opportunities; regional deep dives; player profiles; industry chain; market dynamics; actionable conclusions & recommendations

Leading Companies

Adobe Podcast
ElevenLabs
AIVA
Google Cloud
Riffusion
Boomy
Beatoven
IBM
Soundraw
Natural Reader
Cleanvoice AI
Murf
AssemblyAI
Deepgram
Unisound AI
Wondercraft
SenseAvatar
Krisp
Descript

Classification List (by Type)

· On-Premises

· Cloud-Based

Application List (by Application)

· Education

· Media

· Government and Enterprise

· Others

News Highlights and 2025 Updates

· ElevenLabs introduced its mobile applications in 2025 and expanded multilingual text-to-speech models to over 70 languages, achieving ultra-low-latency synthesis at around 75 milliseconds. It also launched an early version of its conversational voice assistant.

· Deepgram released Aura-2, an enterprise-level real-time text-to-speech system, focusing on lowering first-byte latency below 200 milliseconds and offering integrated speech-to-text and text-to-speech workflows.

· Adobe Podcast launched Enhance Speech v2 in late 2024, significantly improving naturalness in studio-quality cleanup for podcasters, journalists, and creators working in uncontrolled environments.

· Google Cloud partnered with Formula E in mid-2025 to produce AI-generated multilingual descriptive audio, providing race recaps accessible to blind and visually impaired fans.

· Krisp evolved from noise suppression into full meeting intelligence with accent conversion, automated transcription, and cross-talk removal, integrated widely into collaboration platforms.

· AssemblyAI continued its Universal series of speech recognition models, training on more than 12.5 million hours of multilingual audio and releasing features for text formatting, sentiment analysis, and summarization.

· ElevenLabs entered AI music generation in 2025, offering commercial-use rights and licensing agreements with rights-holders, addressing a growing demand for safe and professional AI-driven music.

· Meta piloted AI dubbing for Reels in 2025, showcasing cross-language voice translation and synchronization as a mainstream feature for short-form video.

Five Product Snapshots

ElevenLabs - Eleven Flash v2.5

· Latency: ~75ms synthesis

· Languages: 32 supported in Flash v2.5, over 70 in Eleven v3

· Use cases: Dubbing, real-time agents, and large-scale narration projects

· 2025 updates added automatic language detection and improved dubbing exports

Deepgram - Aura-2

· Unified voice AI platform combining STT and TTS

· Latency benchmark:

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