The Global Voice Cloning Market is forecast to reach USD 3.88 Billion by 2027, according to a new report by Reports and Data.
New York, NY -- (SBWIRE) -- 02/01/2021 -- Voice Cloning Market: Overview
Voice cloning is a method to create someone else's voice synthetically. Voice cloning solutions available now allow users to generate the computer version of their own voice. These solutions synthesize the individual's voice from only a few audio samples. Voice cloning is done with the help of artificial intelligence (AI) and machine learning algorithms. The Global Voice Cloning Market is forecast to reach USD 3.88 Billion by 2027, according to a new report by Reports and Data.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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Market Drivers
In order to form long-term relationships with the clients, most of the companies are focusing on enhancing their customer's experience by introducing a pleasant or familiar voice on the applications, products, and services they offer. This is one of the major factors driving the market size of the global voice cloning solutions market. Advancements in technologies such as machine learning, artificial intelligence, natural language programming, etc., are further supporting the growth of the voice cloning solution market. However, the malicious ways in which the voice cloning methods can be misused are expected to impede the growth of this market. Voice cloning technology can generate fake audio clips, which can be manipulated to spread false insights. Though the misuse of voice cloning is a matter of concern, the focus of key players in the voice cloning market on the development of deep face detection tools to reduce the misuse of voice cloning technology is to drive the market in the forecast period
Voice Cloning Regional landscape
North America dominates the global market and is expected to grow significantly in the forecast period due to an increase in spending on the technology of voice cloning by companies based in the U.S and Canada. The Asia Pacific is also expected to offer attractive growth opportunities to key players worldwide in the next few years due to its high population and evolving technological advancement.
Competitive Terrain:
The global Voice Cloning market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies' current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Voice Cloning market are listed below:
IBM Corporation, Microsoft Corporation, Google, iSpeech, Cepstral, CereProc, Nuance Communication Inc., Baidu, AT&T, and NeoSpeech.
Deployment Type Outlook (Revenue, USD Billion; 2016-2026)
On-Premises Deployment
Cloud-Based Deployment
Application Outlook (Revenue, USD Billion; 2016-2026)
Chatbots & Assistants
Digital Games
Accessibility
Interactive learning
Others
End-Users Outlook (Revenue, USD Billion; 2016-2026)
BFSI
Media and Entertainment
Healthcare
Education
IT and Telecom
Retail
Others
Component Vertical Outlook (Revenue, USD Billion; 2016-2026)
Solutions
Services
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Radical Features of the Voice Cloning Market Report:
Valuable insights into the Voice Cloning market to impart an in-depth understanding of the business verticle
An 8-year forecast estimation along with an analysis of key elements of the market
Technological advancements, regulatory framework, and recent developments covered in the report
Growth analysis and projections until 2027
Statistical analysis of the key players operating in the Voice Cloning industry
Table Of Contents:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Voice Cloning Market Segmentation & Impact Analysis
Chapter 5. Voice Cloning Market, By Type Insights & Trends
Chapter 6. Voice Cloning Market, By Application Insights & Trends
Chapter 7. Voice Cloning Market, By End Use Insights & Trends
Chapter 8. Voice Cloning Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
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