What Is The Overview Of The Global Artificial Intelligence (AI) Voice Generator Market?
Artificial intelligence (AI) voice generator is a technology that utilizes artificial intelligence algorithms to generate human-like speech from text inputs. This technology finds applications across diverse sectors, such as virtual assistants, customer service automation, gaming, accessibility tools, and entertainment, enabling computers to produce natural and authentic speech.
Artificial Intelligence (AI) Voice Generator Global Market Report 2024 provides data on the global artificial intelligence (ai) voice generator market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The artificial intelligence (ai) voice generator market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Expected Annual Growth Rates And Market Size Estimates For The Global Artificial Intelligence (AI) Voice Generator Sector?
The AI voice generator market has grown rapidly, increasing from $1.73 billion in 2023 to $2.07 billion in 2024 with a CAGR of 19.8%. This growth has been driven by demand for virtual assistants, customer service automation, gaming applications, and tools for accessibility. The market is forecasted to reach $4.3 billion by 2028 at a CAGR of 20%, fueled by integration into devices, personalized customer experiences, advancements in gaming, and the rising popularity of audiobooks and podcasts. Trends include multilingual support, natural language processing advancements, emotional intelligence enhancements, and IoT device integration.
Which Factors Are Boosting Growth In The Artificial Intelligence (AI) Voice Generator Market?
The rising demand for AI in advertising and media is expected to bolster the AI voice generator market. AI enhances advertising by optimizing targeting, personalizing content, and improving audience engagement. AI voice generators streamline content creation, elevate brand communication, and engage audiences effectively. For example, MediaRadar reported in November 2023 an 87% increase in active AI advertisers, from 70 in 2022 to 120 in summer 2023. This growing use of AI in advertising is driving the voice generator market.
Get Your Free Sample of the Global Artificial Intelligence (AI) Voice Generator Market Report
What Key Areas Define The Segmentation Of The Global Artificial Intelligence (AI) Voice Generator Market?
The artificial intelligence (AI) voice generator market covered in this report is segmented –
1) By Type: Text To Speech, Voice Changer
2) By Deployment: On-premise , Cloud Based
3) By End-User: Healthcare, Banking, Financial Services And Insurance (BFSI), Manufacturing, Advertising And Media, Retail, Automotive, Transportation, Other End-Use Industries
How Are Emerging Trends Reshaping The Dynamics Of The Artificial Intelligence (AI) Voice Generator Market?
Organizations in the AI voice generator market are developing voice cloning tools to create more natural and personalized audio content for various applications. These tools replicate unique vocal characteristics for uses such as virtual assistants and customized audio projects. For example, in March 2024, OpenAI launched Voice Engine, a voice cloning tool capable of replicating speech patterns with high accuracy. This innovation supports applications in education, therapeutic aid, and audio content creation, offering greater accessibility and creativity.
Which Region Has The Fastest Expansion In The Artificial Intelligence (AI) Voice Generator Market?
North America was the largest region in the artificial intelligence (AI) voice generator market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence (AI) voice generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
