What is Voice Cloning?
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 Baidu’s 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
The market study is broken down, by Application (Accessibility, Chatbots and assistants, Digital games, Interactive games and Others) and major geographies with country level break-up. According to AMA, the Global Voice Cloning market is expected to see growth rate of 29.8% and may see market size of USD1741.1 Million by 2026.
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Voice Cloning market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are exClone (United States), CandyVoice (France), LumenVox (United States), rSpeak (Netherlands), Smartbox Assistive Technology (United Kingdom) and VivoText (Israel).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Voice Cloning market by Type, Application and Region.
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.
Market Leaders and their expansionary development strategies
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 country’s highest commendable security and privacy law.
Market Trend
- Integration of Artificial Intelligence Technologies with Voice Cloning Services
- Personalization in Human-Equipment Interaction
Market Drivers
- Rapid Surge in Demand for IoT and Connected Devices
- Increasing Number of Initiatives in Voice Cloning Projects
Opportunities
- Integrating AI Technologies With Voice Cloning Solutions
- Personalization in Human-Device Interface
Restraints
- Complexities in Recreating Natural Speech
Challenges
- Concerns Over Potential Misuse of the Voice Cloning Technology
- Surging Requirement of Standard Speech Repository
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.