Voice Cloning Market by Solutions, Deployment mode, Application, End-User, Region, and Key Companies

Voice Cloning Market

The global Voice Cloning market was valued at USD 446.28 million in 2020 and is expected to reach USD 1531.32 million by the year 2025, at a CAGR of 23.16%.

Voice cloning is the process of copying a person's voice and using it for a variety of purposes. Voice cloning is used for chatbots, virtual assistants, humanoids, voice assistants, and artificial intelligence applications. The voice duplication process is used by companies to provide better support to their customers. The advent of new technologies such as artificial intelligence and speech machine learning has made the cloning process more efficient.

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Major Key Players Considered in the Market

· IBM Corporation,

· Microsoft Corporation,

· Smartbox Assistive Technologies,

· Descript Inc.,

· CereProc Ltd.,

· Google Inc.,

· Lyrebird,

· Nuance Communication,

· Baidu,

· AT&T Inc

By solutions and services, the Voice Cloning Market is segmented into

· Solutions

· Services

By the application segment, the Voice Cloning Market is segmented into

· chatbots & Assistants,

· Accessibility,

· Digital Game

· Interactive learning

Based on end-user industry the Voice Cloning Market is segmented

· IT & Telecom

· BFSI,

· Educational Institutions

· Healthcare

· Travel & Tourism and others

Regions and Countries Level Analysis:

· North America (U.S., Canada, Mexico)

· Europe (Germany, U.K., France, Italy, Russia, Spain etc.)

· Asia-Pacific (China, India, Japan, Southeast Asia etc.)

· South America (Brazil, Argentina etc.)

· Middle East & Africa (Saudi Arabia, South Africa etc.)

Prominent Features of the Voice Cloning Market are given below:

· The approximate expected value for the Voice Cloning Market was USD 446.28 million in 2019, and it is expected to reach USD 1531.32 million by 2025.

· The increase in online education and high consumption of data on the internet is boosting the growth of the market in the forecast period.

· A voice cloning procedure usually needs few hours to build a data set and model which is highly needed in industries with a corporate structure that is boosting the market growth.

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