Global Ai Voice Cloning Market Size & Outlook, 2023-2030
Global ai voice cloning market, 2017-2030 (US$M)
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Global ai voice cloning market highlights
- The global ai voice cloning market generated a revenue of USD 1,924.5 million in 2023 and is expected to reach USD 9,751.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 26.1% by 2030.
- In terms of segment, software accounted for a revenue of USD 1,265.4 million in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,924.5 million |
| Market revenue in 2030 | USD 9,751.4 million |
| Growth rate | 26.1% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Service |
Other key industry trends
- In terms of revenue, the North America accounted for 40.5% of the global ai voice cloning market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 2,604.6 million by 2030.
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AI Voice Cloning Market Scope
AI Voice Cloning Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global ai voice cloning market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai voice cloning market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 65.75% in 2023. Horizon Databook has segmented the Global ai voice cloning market based on software, service covering the revenue growth of each sub-segment from 2017 to 2030.
Market Dynamics
Technological advancements in artificial intelligence (AI) and machine learning techniques have played a crucial role in enhancing the capabilities of voice cloning. Specifically, developing deep learning algorithms, such as recurrent neural networks (RNNs) and generative adversarial networks (GANs), has significantly improved the accuracy and realism of voice synthesis.
RNNs are neural network architectures that can process sequential data, making them well-suited for modeling speech and language. In voice cloning, RNNs capture the temporal dependencies and patterns in audio data, allowing for more natural and coherent voice generation.
Ongoing research and innovation in AI voice cloning continue to push the boundaries of what is possible. Researchers constantly explore new architectures, techniques, and data augmentation approaches to improve voice cloning systems' accuracy, naturalness, and robustness.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global ai voice cloning market , including forecasts for subscribers. This global databook contains high-level insights into Global ai voice cloning market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global ai voice cloning market size, by regions, 2017-2030 (US$M)
Top 10 countries: Ai voice cloning market size, 2023 (US$M)
Global ai voice cloning market share, by component, 2023 & 2030 (%, US$M)
Ai voice cloning market: Opportunity assessment by country
Global ai voice cloning market, by region, 2023 (US$M)
| Component | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 134.1 | 179.8 | 243.7 | 331.7 | 448.6 | 597.0 | 780.0 | 1,002.1 | 1,269.3 | 1,581.0 | 1,943.9 | 2,374.1 | 2,886.9 | 3,500.8 | 23.9% |
| Europe | 66.9 | 91.3 | 126.0 | 174.6 | 240.6 | 326.2 | 434.4 | 568.8 | 734.6 | 933.3 | 1,170.7 | 1,459.1 | 1,811.2 | 2,242.8 | 26.4% |
| Asia Pacific | 83.5 | 115.8 | 162.4 | 228.7 | 320.0 | 440.4 | 595.3 | 791.0 | 1,036.2 | 1,334.9 | 1,697.6 | 2,144.5 | 2,697.4 | 3,383.8 | 28.2% |
| Latin America | 6.3 | 8.7 | 12.0 | 16.7 | 23.1 | 31.4 | 42.0 | 55.2 | 71.6 | 91.3 | 114.9 | 143.7 | 178.9 | 222.3 | 26.9% |
| MEA | 10.6 | 14.6 | 20.3 | 28.4 | 39.6 | 54.2 | 72.9 | 96.4 | 125.7 | 161.2 | 204.1 | 256.7 | 321.5 | 401.8 | 27.6% |
| Overall | 301.4 | 410.2 | 564.5 | 780.1 | 1,071.9 | 1,449.2 | 1,924.5 | 2,513.4 | 3,237.3 | 4,101.6 | 5,131.1 | 6,378.0 | 7,895.9 | 9,751.4 | 26.1% |
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