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Voice Cloning Market by Component (Solutions (Software Tools & Platforms) and Services), Application (Chatbots & Assistants, Accessibility, Digital Games, Interactive learning), Deployment Mode, Vertical, and Region - Global Forecast to 2023

Voice Cloning Market by Component (Solutions (Software Tools & Platforms) and Services), Application (Chatbots & Assistants, Accessibility, Digital Games, Interactive learning), Deployment Mode, Vertical, and Region - Global Forecast to 2023

Global voice cloning market is expected to grow at a CAGR of 30.7% during the forecast period
MarketsandMarkets expects the global voice cloning market size to grow from USD 456 million in 2018 to USD 1,739 million by 2023, at a Compound Annual Growth Rate (CAGR) of 30.7% during the forecast period. Major growth drivers for the market include the rapid surge in the demand for Internet of Things (IoT) and connected devices, and the growth in the number of initiatives in voice cloning projects. However, complexities in recreating natural speech are the major restraining factors in this market.

Services segment is expected to grow at a higher CAGR during the forecast period
In the voice cloning market by component, the services segment is expected grow at a higher CAGR during the forecast period. Most of the voice cloning vendors support their customers in the efficient use of voice cloning solutions and help maintain these solutions with voice cloning services. The voice cloning market includes services that help users replicate human voices with realistic voice quality, emotion, and unique speaking styles.

Cloud segment is expected to grow at a higher CAGR during the forecast period
In the voice cloning market by deployment mode, the cloud segment is expected to grow at a higher CAGR during the forecast period. Various vendors have started offering cloud-based voice cloning solutions. The demand for cloud-based voice cloning solutions is expected to grow due to various benefits offered by cloud, such as flexibility, scalability, and cost-effectiveness.

APAC is expected to grow at the highest CAGR during the forecast period
Among regions, APAC is expected to grow at the highest CAGR in the global voice cloning market during the forecast period. Various players across the region are focusing on Research and Development (R&D) in the voice cloning technology.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the global voice cloning market.

By Company Type: Tier I: 12%, Tier II: 48%, and Tier III: 40%
By Designation: C-Level: 34%, Director Level: 38%, and Others: 28%
By Region: North America: 36%, Europe: 25%, APAC: 29%, MEA: 5%, and Latin America: 5%

The report profiles major vendors in the global voice cloning market, including Google (US), Microsoft (US), IBM (US), AWS (US), AT&T (US), Baidu (China), Nuance Communications (US), iSpeech (US), NeoSpeech (US), CereProc (Scotland), Cepstral (US), Lyrebird (Canada), Kata.ai (Indonesia), alt Inc. (Japan), Aristech GmbH (Germany), Acapela Group (Belgium), VocaliD (US), Voicery (US), Voctro Labs (Spain), exClone (US), CandyVoice (France), LumenVox (US), rSpeak (Netherlands), Smartbox Assistive Technology (UK), and VivoText (Israel). The report includes an in-depth competitive analysis of these key voice cloning market players, along with their company profiles that include business overviews, product offerings, recent developments, and market strategies.

Research Coverage
The report segments the global voice cloning market by component, application, deployment mode, vertical, and region. The market by type includes access, analytics, and engagement. The component segment covers solutions and services. The application segment includes chatbots and assistants, accessibility, digital games, interactive learning, and other applications. The market by deployment mode comprises cloud and on-premises categories. The vertical segment of the market includes healthcare and life sciences; education; telecom; Banking, Financial Services, and Insurance (BFSI); travel and hospitality; media and entertainment; and others (energy and utilities, and government and defense). The report covers the voice cloning market in 5 major regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America.

The report would help the market leaders and new entrants in the global voice cloning market in the following ways:
1. The report segments the market into various subsegments, hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its subsegments. The market numbers are further split across various applications and regions.
2. The report helps in understanding the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities.
3. The report helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SEGMENTATION
      • COUNTRY COVERAGE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2015-2017
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • ASSUMPTIONS FOR THE STUDY
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
    • Table GLOBAL VOICE CLONING MARKET SIZE AND GROWTH RATE, 2016-2023 (USD MILLION, Y-O-Y %)
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE VOICE CLONING MARKET
    • VOICE CLONING MARKET: TOP 3 VERTICALS
    • VOICE CLONING MARKET: MAJOR COUNTRIES
    • VOICE CLONING MARKET IN NORTH AMERICA, BY SOLUTION AND COUNTRY
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table CONNECTED DEVICES (IN BILLION), 2016-2022
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • USE CASES
      • INTRODUCTION
    • REGULATORY IMPLICATIONS
      • INTRODUCTION
      • NATIONAL HEALTH AND MEDICAL RESEARCH COUNCIL (NHMRC)
      • THE AMERICANS WITH DISABILITIES ACT (ADA) ACCESSIBILITY COMPLIANCE
      • THE POLISH CIVIL CODE
      • MARKETS IN FINANCIAL INSTRUMENTS DIRECTIVE (MIFID II)
  • VOICE CLONING MARKET, BY COMPONENT
    • INTRODUCTION
      • Table VOICE CLONING MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
    • SOLUTIONS
      • Table SOLUTIONS: VOICE CLONING MARKET SIZE, 2016-2023 (USD MILLION)
      • Table SOLUTIONS: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • SOFTWARE TOOLS
        • Table SOFTWARE TOOLS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • PLATFORMS
        • Table PLATFORMS MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • SERVICES
      • Table SERVICES: VOICE CLONING MARKET SIZE, 2016-2023 (USD MILLION)
      • Table SERVICES: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • PROFESSIONAL SERVICES
        • Table PROFESSIONAL SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • MANAGED SERVICES
        • Table MANAGED SERVICES MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • VOICE CLONING MARKET, BY APPLICATION
    • INTRODUCTION
      • Table VOICE CLONING MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
    • CHATBOTS AND ASSISTANTS
      • INCREASING DEMAND FOR INTEGRATING THE VOICE CLONING TECHNOLOGY INTO CHATBOTS AND ASSISTANTS APPLICATION FOR MAKING THEIR CONVERSATIONAL CAPABILITIES SOUND MORE NATURAL AND PERSONALIZED WILL BOOST THE GROWTH OF THIS APPLICATION
        • Table CHATBOTS AND ASSISTANTS: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • ACCESSIBILITY
      • IMPROVED CONVERSATIONAL CAPABILITIES FOR PEOPLE SUFFERING FROM LOSS OF SPEECH WILL BOOST THE DEMAND FOR ACCESSIBILITY APPLICATION
        • Table ACCESSIBILITY: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • DIGITAL GAMES
      • DIGITAL GAMES APPLICATIONS HELP CHILDREN MAKE THE LEARNING PROCESS AN EASY EXPERIENCE
        • Table DIGITAL GAMES: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • INTERACTIVE LEARNING
      • RISING DEMAND FOR ENHANCING THE ELEARNING EXPERIENCE WILL BOOST THE ADOPTION OF INTERACTIVE LEARNING APPLICATION
        • Table INTERACTIVE LEARNING: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table OTHERS: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • VOICE CLONING MARKET, BY DEPLOYMENT MODE
    • INTRODUCTION
      • Table VOICE CLONING MARKET SIZE, BY DEPLOYMENT MODE, 2016-2023 (USD MILLION)
    • CLOUD
      • BENEFITS SUCH AS SCALABILITY AND EASE OF IMPLEMENTATION WILL BOOST THE GROWTH OF THE CLOUD DEPLOYMENT MODE
        • Table CLOUD: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • ON-PREMISES
      • DATA-SENSITIVE ORGANIZATIONS WILL ADOPT THE ON-PREMISES DEPLOYMENT MODE FOR VOICE CLONING SOLUTIONS
        • Table ON-PREMISES: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • VOICE CLONING MARKET, BY VERTICAL
    • INTRODUCTION
      • Table VOICE CLONING MARKET SIZE, BY VERTICAL, 2016-2023 (USD MILLION)
    • HEALTHCARE AND LIFE SCIENCES
      • INTEGRATION OF VOICE CLONING SOLUTIONS INTO THE AAC DEVICE WILL GIVE A BOOST TO THE GROWTH OF VOICE CLONING SOLUTIONS IN THE HEALTHCARE AND LIFE SCIENCES VERTICAL
        • Table HEALTHCARE AND LIFE SCIENCES: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • EDUCATION
      • THERE IS INCREASING DEMAND FOR VOICE CLONING SOLUTIONS IN THE EDUCATION VERTICAL TO MAKE THE ELEARNING PROCESS MORE EASY AND PERSONALIZED
        • Table EDUCATION: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • TELECOM
      • INTEGRATION OF VOICE CLONING SOLUTIONS INTO INTERACTIVE APPLICATIONS SUCH AS IVR AND ENQUIRY SYSTEMS WILL GIVE A BOOST TO THE GROWTH OF VOICE CLONING SOLUTIONS IN THE TELECOM VERTICAL
        • Table TELECOM: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE
      • VOICE-ENABLED ATM IS THE MAJOR APPLICATION AREA FOR VOICE CLONING SOLUTIONS IN THE BFSI VERTICAL
        • Table BANKING, FINANCIAL SERVICES, AND INSURANCE: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • TRAVEL AND HOSPITALITY
      • GPS NAVIGATION SYSTEMS WILL MAKE USE OF VOICE CLONING SOLUTIONS ON A LARGE SCALE IN THE TRAVEL AND HOSPITALITY VERTICAL
        • Table TRAVEL AND HOSPITALITY: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • MEDIA AND ENTERTAINMENT
      • INTEGRATING PERSONALIZED VOICE IN DIGITAL GAMES WILL BOOST THE GROWTH OF VOICE CLONING SOLUTIONS IN THE MEDIA AND ENTERTAINMENT VERTICAL
        • Table MEDIA AND ENTERTAINMENT: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
    • OTHERS
      • Table OTHERS: VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
  • VOICE CLONING MARKET, BY REGION
    • INTRODUCTION
      • Table VOICE CLONING MARKET SIZE, BY REGION, 2016-2023 (USD MILLION)
      • Table GLOBAL ARTIFICIAL INTELLIGENCE-FOCUSED SPENDING (USD BILLION)
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
        • Table NORTH AMERICA: VOICE CLONING MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: VOICE CLONING MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: VOICE CLONING MARKET SIZE, BY SOLUTION, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: VOICE CLONING MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: VOICE CLONING MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: VOICE CLONING MARKET SIZE, BY DEPLOYMENT MODE, 2016-2023 (USD MILLION)
        • Table NORTH AMERICA: VOICE CLONING MARKET SIZE, BY VERTICAL, 2016-2023 (USD MILLION)
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • REST OF EUROPE
        • Table EUROPE: VOICE CLONING MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table EUROPE: VOICE CLONING MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
        • Table EUROPE: VOICE CLONING MARKET SIZE, BY SOLUTION, 2016-2023 (USD MILLION)
        • Table EUROPE: VOICE CLONING MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
        • Table EUROPE: VOICE CLONING MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table EUROPE: VOICE CLONING MARKET SIZE, BY DEPLOYMENT MODE, 2016-2023 (USD MILLION)
        • Table EUROPE: VOICE CLONING MARKET SIZE, BY VERTICAL, 2016-2023 (USD MILLION)
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • REST OF ASIA PACIFIC
        • Table ASIA PACIFIC: VOICE CLONING MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: VOICE CLONING MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: VOICE CLONING MARKET SIZE, BY SOLUTION, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: VOICE CLONING MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: VOICE CLONING MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: VOICE CLONING MARKET SIZE, BY DEPLOYMENT MODE, 2016-2023 (USD MILLION)
        • Table ASIA PACIFIC: VOICE CLONING MARKET SIZE, BY VERTICAL, 2016-2023 (USD MILLION)
    • MIDDLE EAST AND AFRICA
      • ISRAEL
      • UNITED ARAB EMIRATES
      • QATAR
      • REST OF MIDDLE EAST AND AFRICA
        • Table MIDDLE EAST AND AFRICA: VOICE CLONING MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: VOICE CLONING MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: VOICE CLONING MARKET SIZE, BY SOLUTION, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: VOICE CLONING MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: VOICE CLONING MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: VOICE CLONING MARKET SIZE, BY DEPLOYMENT MODE, 2016-2023 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: VOICE CLONING MARKET SIZE, BY VERTICAL, 2016-2023 (USD MILLION)
    • LATIN AMERICA
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
        • Table LATIN AMERICA: VOICE CLONING MARKET SIZE, BY COUNTRY, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: VOICE CLONING MARKET SIZE, BY COMPONENT, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: VOICE CLONING MARKET SIZE, BY SOLUTION, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: VOICE CLONING MARKET SIZE, BY SERVICE, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: VOICE CLONING MARKET SIZE, BY APPLICATION, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: VOICE CLONING MARKET SIZE, BY DEPLOYMENT MODE, 2016-2023 (USD MILLION)
        • Table LATIN AMERICA: VOICE CLONING MARKET SIZE, BY VERTICAL, 2016-2023 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • RANKING OF KEY PLAYERS
    • COMPETITIVE SCENARIO
      • NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS
        • Table NEW PRODUCT LAUNCHES AND PRODUCT ENHANCEMENTS, 2016-2018
      • PARTNERSHIPS AND COLLABORATIONS
        • Table PARTNERSHIPS AND COLLABORATIONS, 2016-2018
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2017-2018
  • COMPANY PROFILES
    • IBM
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • GOOGLE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • LYREBIRD
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SWOT ANALYSIS
    • NUANCE COMMUNICATIONS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BAIDU
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • MICROSOFT
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • AWS
      • BUSINESS OVERVIEW
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • AT&T
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • NEOSPEECH
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SMARTBOX ASSISTIVE TECHNOLOGY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • EXCLONE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • LUMENVOX
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • KATA.AI
      • BUSINESS OVERVIEW
      • PRODUCTS AND SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • ALT.AI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • CEREPROC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • ACAPELA GROUP
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • VOCALID
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • VOICERY
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
    • ARISTECH
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • CEPSTRAL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • ISPEECH
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • VIVOTEXT
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • VOCTRO LABS
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
    • RSPEAK
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
    • CANDYVOICE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • RELATED REPORTS
    • AUTHOR DETAILS

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