Global Voice Cloning Market Overview:
Voice cloning, is a technique that helps in audiobook narration, highly desired feature for personalized speech interfaces. It is based on copying and reusing of recorded voice or speech with the help of cloning software. In the future, Artificial Intelligence powered voice cloning technology provides enhanced conversational ability of voice assistants and chatbots. Of late, according to Chinese internet giant Baiduís AI research team, revealed that AI software can learn and replicate the way a person speaks and communicates with it. Such a positive technological advancement is the major driving agent for the voice cloning market globally Some of the key players profiled in the study are Google (United States), Microsoft (United States), IBM (United States), AWS (United States), AT&T (United States), Baidu (China), Nuance Communications (United States), iSpeech (United States), NeoSpeech (United States), CereProc (Scotland), Cepstral (United States), Lyrebird (Canada), Kata.ai (Indonesia), Alt.ai (Japan), Aristech GmbH (Germany), Acapela Group (Belgium), VocaliD (United States), Voicery (United States) and Voctro Labs (Spain). According to Market Analyst at AMA, the Global Voice Cloning market may see a growth rate of 29.8% and would reach the market size of USD1741.1 Million by 2024.
On the basis of geography, the market of Voice Cloning has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component Type, the sub-segment i.e. Solutions (Software Tools, Platforms) will boost the Voice Cloning market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Verticals Type, the sub-segment i.e. Healthcare and life sciences will boost the Voice Cloning market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. Cloud will boost the Voice Cloning market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rapid Surge in Demand for IoT and Connected Devices
- Increasing Number of Initiatives in Voice Cloning Projects
- Integration of Artificial Intelligence Technologies with Voice Cloning Services
- Personalization in Human-Equipment Interaction
- Complexities in Recreating Natural Speech
- Integrating AI Technologies With Voice Cloning Solutions
- Personalization in Human-Device Interface
- Concerns Over Potential Misuse of the Voice Cloning Technology
- Surging Requirement of Standard Speech Repository
Major Market Developments:
In May 2018, Nuance Communications acquired the Bellevue-based company, Voicebox Technologies. Voicebox Technologies specializes in natural language and speech recognition technologies
In July 2018, Baidu collaborated with Synaptics, a leading provider of intelligent devices. As per this collaboration, Synaptics' AudioSmart far-field voice digital signal processors would integrate with Baidu's DuerOS Mobile Accessory (DMA), a conversational AI platform that would strengthen Baidu's partner ecosystem, as well as accelerate technological development, further enabling consumers to realize cutting-edge voice-interactive experiences with DuerOS-powered hardware products
California Consumer Privacy Act (CCPA) is passing a law for protection of data in United States which will be effective by January, 2020. It is expected to be countryís highest commendable security and privacy law.
Major Objectives Focused through this Study
To define, describe, and forecast the Global Voice Cloning market on the basis of product  , application [Accessibility, Chatbots and assistants, Digital games, Interactive games and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Voice Cloning market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Voice Cloning industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are exClone (United States), CandyVoice (France), LumenVox (United States), rSpeak (Netherlands), Smartbox Assistive Technology (United Kingdom) and VivoText (Israel).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Voice Cloning market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.