Product Code: TC 9116
The AI voice generator market is projected to grow from USD 3.0 billion in 2024 to USD 20.4 billion by 2030, at a compound annual growth rate (CAGR) of 37.1% during the forecast period. Market is anticipated to grow due to the rising awareness of accessibility technologies, growing adoption of AI in customer service operations and development in natural language processing and machine learning technologies.
Scope of the Report |
Years Considered for the Study | 2019-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Units Considered | USD (Billion) |
Segments | Offering, Application, Vertical, and Region |
Regions covered | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
"By audio & speech synthesis application, virtual assistants segment is expected to register the fastest market growth rate during the forecast period."
The application of virtual assistants is expected to grow at the fastest rate in the AI voice generator market during the forecast period as they gain ubiquity in everyday products and services. This is due to the growing demand for smart home devices, better customer service, and engaging user experiences. New developments in Natural language processing and in speech technology allow virtual assistants to interpret user's requests and respond in a much more accurate and human-like manner. Moreover, the increasing application of virtual assistants in the sectors such as healthcare, banking and retail also boosts their consumption and market growth.
"by vertical, media & entertainment is expected to account for the largest market share during the forecast period."
The media & entertainment vertical is expected to hold the largest market share owing to the rising need in the industry for unique and engaging audio outputs. Since the release of digital content, streaming platforms, and multimedia experiences, there has been great potential for the development of complex voice generation, customized audio, and improved sound. AI voice generator solutions can make content production easier, produce professional sound, and help create variable music sounds that lead to significant market growth. As the growth of this industry continues to unfold, demand for sophisticated voice technologies would only enhance its current strong market position.
"By Region, Asia Pacific is slated to grow at the fastest rate and North America to have the largest market share during the forecast period."
Asia-Pacific region is anticipated to have the fastest growth rate in the AI voice generator market due to the region's growing digital economy, greater acceptance of new-gen technologies, and urbanization. The media and entertainment verticals are growing in the region and there is increased consumption of high-end AI audio generator and AI speech generator solutions from the rising middle class with increased disposable incomes. Moreover, political support and the development of infrastructure promote rapid growth of innovation and the market among emerging leaders, such as China and India. On the other hand, North America will account for the largest market share due to the technological infrastructure, increased funding in AI R&D and the presence of leading market players in the region. The superior technology provisioning, and the all-embracing use of artificial intelligence across streamers including media, entertainment, healthcare, and BFSI also help establish the region's supremacy. In this regard, due to North America's concentration on embracing advanced technologies and innovations, the region can be considered as a leader in the market of AI voice generator.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the AI voice generator market.
- By Company: Tier I - 35%, Tier II - 45%, and Tier III - 20%
- By Designation: C-Level Executives - 35%, D-Level Executives - 25%, and others - 40%
- By Region: North America - 40%, Europe - 30%, Asia Pacific - 20%, Middle East & Africa - 5%, and Latin America - 5%
The report includes the study of key players offering AI voice generator solutions and services. It profiles major vendors in the AI voice generator market. The major players in the AI voice generator market include IBM (US), NVIDIA (US), OpenAI (US), Meta (US), Microsoft (US), Google (US), AWS (US), Cisco (US), SoundHound (US), Speechify (US), ElevanLabs (US), Synthesia (UK), PlayHT (US), Resemble AI (US), Stability AI (UK), Runway (US).
Research coverage
This research report categorizes the AI voice generator Market by Offering (Software and Services), Software By Type (Deep Learning Models, Generative Adversarial Networks, Autoencoders, and Transformer Models), Software By Deployment Mode (Cloud and On-premises), By Services (Professional Services [Training & Consulting, System Integration & Implementation, and Support & Maintenance] and Managed Services), By Application (Audio and Speech Synthesis, Voice Conversion and Cloning, Music Generation and Composition, Audio Dubbing and Translation, Voice Enhancement and Restoration, and Other Applications [Podcast and Storytelling Narration, and Audio and Speech Emotion Recognition]) By Vertical (Media & Entertainment, BFSI, Healthcare & Life Sciences, Manufacturing, Retail & Ecommerce, Transporation & Logistics, Construction & Real Estate, Energy & Utilities, Government & Defense, IT & ITeS, Telecommunications, and Other Verticals[Travel & Hospitality and Education]), and By Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the AI voice generator market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the AI voice generator market. Competitive analysis of upcoming startups in the AI voice generator market ecosystem is covered in this report.
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall AI voice generator market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (the growing adoption of voice-controlled devices and intelligent virtual assistants, rapid evolution of NLP and machine learning technologies, increasing necessity for accessibility features in digital content), restraints (absence of clarity in AI-driven decision-making processes for audio generation, high cost of developing and implementing advanced generative AI solutions, ethical concerns surrounding the use of AI-generated voices), opportunities (incorporation of generative AI with new technologies such as 5G and edge computing, increasing demand for localized content and multilingual support in global markets, growing market for personalized and emotionally intelligent AI assistants), and challenges (managing the computational requirements and energy consumption of large-scale generative AI models for audio & speech, abuse of generative AI audio technologies for fraud, misinformation, and other harmful activities, achieving human-like naturalness and emotional expressiveness in AI-generated speech).
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the AI voice generator market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the AI voice generator market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the AI voice generator market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like IBM (US), NVIDIA (US), OpenAI (US), Meta (US), Microsoft (US), Google (US), AWS (US), Cisco (US), SoundHound (US), Speechify (US), ElevanLabs (US), Synthesia (UK), PlayHT (US), Resemble AI (US), Stability AI (UK), Runway (US), among others in the AI voice generator market. The report also helps stakeholders understand the pulse of the AI voice generator market and provides them with information on key market drivers, restraints, challenges, and opportunities.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 MARKET DEFINITION
- 1.2.1 INCLUSIONS AND EXCLUSIONS
- 1.3 MARKET SCOPE
- 1.3.1 MARKET SEGMENTATION
- 1.3.2 YEARS CONSIDERED
- 1.4 CURRENCY CONSIDERED
- 1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Breakup of primary profiles
- 2.1.2.2 Key industry insights
- 2.2 MARKET BREAKUP AND DATA TRIANGULATION
- 2.3 MARKET SIZE ESTIMATION
- 2.3.1 TOP-DOWN APPROACH
- 2.3.2 BOTTOM-UP APPROACH
- 2.4 MARKET FORECAST
- 2.5 RESEARCH ASSUMPTIONS
- 2.6 STUDY LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE OPPORTUNITIES IN AI VOICE GENERATOR MARKET
- 4.2 AI VOICE GENERATOR MARKET: TOP THREE APPLICATIONS
- 4.3 NORTH AMERICA: AI VOICE GENERATOR MARKET, BY OFFERING AND VERTICAL
- 4.4 AI VOICE GENERATOR MARKET, BY REGION
5 MARKET OVERVIEW AND INDUSTRY TRENDS
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Increasing demand for voice-enabled devices and virtual assistants
- 5.2.1.2 Advancements in NLP and machine learning technologies to enhance capabilities of gen AI in audio and speech
- 5.2.1.3 Growing need for accessibility solutions in digital content
- 5.2.2 RESTRAINTS
- 5.2.2.1 Lack of explainability in AI decision-making processes for audio generation
- 5.2.2.2 High cost of developing and implementing advanced generative AI solutions to hinder market growth
- 5.2.2.3 Ethical concerns surrounding use of AI-generated voices to lead to increased scrutiny
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Integration of gen AI with emerging technologies like 5G and edge computing to enable real-time audio and speech generation
- 5.2.3.2 Increasing demand for localized content and multilingual support in global markets to offer growth potential for AI-powered translation and dubbing services
- 5.2.3.3 Growing market for personalized and emotionally intelligent AI assistants to present opportunities for advanced generative AI speech technologies
- 5.2.4 CHALLENGES
- 5.2.4.1 Managing computational requirements and energy consumption of large-scale generative AI models for audio and speech becoming increasingly challenging
- 5.2.4.2 Misuse of generative AI audio technologies for fraud, misinformation, and other malicious activities
- 5.2.4.3 Achieving human-like naturalness and emotional expressiveness in AI-generated speech to remain significant technical challenge
- 5.3 EVOLUTION OF AI VOICE GENERATOR MARKET
- 5.4 AI VOICE GENERATOR TECHNIQUES
- 5.4.1 TOKENIZATION
- 5.4.2 QUANTIZATION
- 5.4.3 VECTORIZATION
- 5.5 SUPPLY CHAIN ANALYSIS
- 5.6 ECOSYSTEM ANALYSIS
- 5.6.1 AI VOICE GENERATOR SOFTWARE PROVIDERS
- 5.6.2 AI VOICE GENERATOR SERVICE PROVIDERS
- 5.6.3 AI VOICE GENERATOR CLOUD SERVICE PROVIDERS
- 5.6.4 AI VOICE GENERATOR API-AS-A-SERVICE PROVIDERS
- 5.6.5 END USERS
- 5.6.6 GOVERNMENT & REGULATORY BODIES
- 5.7 INVESTMENT LANDSCAPE AND FUNDING SCENARIO
- 5.8 CASE STUDY ANALYSIS
- 5.8.1 MEDIA & ENTERTAINMENT
- 5.8.1.1 Deepdub helped FilmRise efficiently dub "Forensic Files" into Italian with eTTS Technology
- 5.8.2 BFSI
- 5.8.2.1 Streamlining global employee benefits consulting with Synthesia
- 5.8.3 HEALTHCARE & LIFE SCIENCES
- 5.8.3.1 Transforming Insight Global's journey with Synthesia's AI video platform
- 5.8.4 IT & ITES
- 5.8.4.1 Transforming voiceover creation: Snowflake leveraged AI to enhance marketing efficiency
- 5.8.5 RETAIL & E-COMMERCE
- 5.8.5.1 Transforming customer engagement: Beyond leveraged AI video synthesis for personalized communication
- 5.9 TECHNOLOGY ANALYSIS
- 5.9.1 KEY TECHNOLOGIES
- 5.9.1.1 Attention Mechanisms
- 5.9.1.2 Speech Recognition
- 5.9.1.3 Neural Vocoders
- 5.9.1.4 Natural Language Processing (NLP)
- 5.9.1.5 Text-to-Speech (TTS)
- 5.9.2 COMPLEMENTARY TECHNOLOGIES
- 5.9.2.1 Cloud Computing
- 5.9.2.2 Emotion AI
- 5.9.2.3 Big Data Analytics
- 5.9.2.4 Voice Activity Detection (VAD)
- 5.9.3 ADJACENT TECHNOLOGIES
- 5.9.3.1 Computer Vision
- 5.9.3.2 Speaker Diarization
- 5.9.3.3 Biometric Voice Authentication
- 5.9.3.4 Augmented and Virtual Reality Audio
- 5.10 REGULATORY LANDSCAPE
- 5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
- 5.10.2 REGULATIONS: AI VOICE GENERATOR MARKET
- 5.10.2.1 North America
- 5.10.2.1.1 SCR 17: Artificial Intelligence Bill (California)
- 5.10.2.1.2 S1103: Artificial Intelligence Automated Decision Bill (Connecticut )
- 5.10.2.1.3 National Artificial Intelligence Initiative Act (NAIIA)
- 5.10.2.1.4 The Artificial Intelligence and Data Act (AIDA) - Canada
- 5.10.2.2 Europe
- 5.10.2.2.1 The European Union (EU) - Artificial Intelligence Act (AIA)
- 5.10.2.2.2 General Data Protection Regulation (Europe)
- 5.10.2.3 Asia Pacific
- 5.10.2.3.1 Interim Administrative Measures for Generative Artificial Intelligence Services (China)
- 5.10.2.3.2 The National AI Strategy (Singapore)
- 5.10.2.3.3 The Hiroshima AI Process Comprehensive Policy Framework (Japan)
- 5.10.2.4 Middle East & Africa
- 5.10.2.4.1 The National Strategy for Artificial Intelligence (UAE)
- 5.10.2.4.2 The National Artificial Intelligence Strategy (Qatar)
- 5.10.2.4.3 The AI Ethics Principles and Guidelines (Dubai)
- 5.10.2.5 Latin America
- 5.10.2.5.1 The Santiago Declaration (Chile)
- 5.10.2.5.2 The Brazilian Artificial Intelligence Strategy (EBIA)
- 5.11 PATENT ANALYSIS
- 5.11.1 METHODOLOGY
- 5.11.2 PATENTS FILED, BY DOCUMENT TYPE
- 5.11.3 INNOVATION AND PATENT APPLICATIONS
- 5.11.3.1 Top 10 applicants in AI voice generator market
- 5.12 PRICING ANALYSIS
- 5.12.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
- 5.12.2 INDICATIVE PRICING ANALYSIS, BY OFFERING
- 5.13 KEY CONFERENCES AND EVENTS (2024-2025)
- 5.14 PORTER'S FIVE FORCES ANALYSIS
- 5.14.1 THREAT OF NEW ENTRANTS
- 5.14.2 THREAT OF SUBSTITUTES
- 5.14.3 BARGAINING POWER OF SUPPLIERS
- 5.14.4 BARGAINING POWER OF BUYERS
- 5.14.5 INTENSITY OF COMPETITIVE RIVALRY
- 5.15 AI VOICE GENERATOR MARKET: TECHNOLOGY ROADMAP
- 5.16 KEY STAKEHOLDERS & BUYING CRITERIA
- 5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS
- 5.16.2 BUYING CRITERIA
- 5.17 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
- 5.17.1 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES
6 AI VOICE GENERATOR MARKET, BY OFFERING
- 6.1 INTRODUCTION
- 6.1.1 OFFERING: AI VOICE GENERATOR MARKET DRIVERS
- 6.2 SOFTWARE
- 6.2.1 SOFTWARE, BY TECHNOLOGY
- 6.2.1.1 AI voice generator software, by technology
- 6.2.1.2 Deep learning models
- 6.2.1.2.1 Deep learning models offer powerful capabilities for processing and generating high-quality audio
- 6.2.1.2.2 Convolutional neural networks
- 6.2.1.2.3 Recurrent neural networks
- 6.2.1.2.4 Long short-term memory (LSTM) networks
- 6.2.1.2.5 Gated recurrent units (GRUs)
- 6.2.1.3 Generative adversarial networks (GANs)
- 6.2.1.3.1 GANs provide unique approach to AI voice generators by training two competing neural networks to generate diverse audio and speech data
- 6.2.1.3.2 WaveGANs
- 6.2.1.3.3 SpeechGANs
- 6.2.1.4 Autoencoders
- 6.2.1.4.1 Autoencoders used for generative tasks requiring new data points similar to original input
- 6.2.1.4.2 Denoising autoencoders
- 6.2.1.4.3 Variational autoencoders (VAEs)
- 6.2.1.5 Transformer models
- 6.2.1.5.1 Transformer models offer state-of-the-art performance and can generate coherent and contextually relevant audio
- 6.2.1.5.2 Speech bidirectional encoder representations from transformers (BERTs)
- 6.2.1.5.3 Hidden-unit BERT (HuBERT)
- 6.2.1.5.4 Speech transformer
- 6.2.1.5.5 Wav2Vec
- 6.2.1.5.6 WaveNet
- 6.2.1.5.7 Tacotron
- 6.2.1.5.8 Other transformer models
- 6.2.2 SOFTWARE, BY DEPLOYMENT MODE
- 6.2.2.1 On-premises
- 6.2.2.1.1 On-premises deployment mode allows organizations to tailor AI voice generator solutions and integrate them seamlessly with existing systems
- 6.2.2.2 Cloud
- 6.2.2.2.1 Enabling faster deployment of AI solutions and accessibility of cutting-edge AI technologies with cloud deployment
- 6.3 SERVICES
- 6.3.1 PROFESSIONAL SERVICES
- 6.3.1.1 Professional services help with requirement assessment and customized implementation and assistance with deployment of AI voice generator solutions
- 6.3.1.2 Training and consulting services
- 6.3.1.3 System integration and implementation services
- 6.3.1.4 Support and maintenance services
- 6.3.2 MANAGED SERVICES
- 6.3.2.1 Managed services provide end-to-end management for AI voice generators, helping businesses focus on core competencies
7 AI VOICE GENERATOR MARKET, BY APPLICATION
- 7.1 INTRODUCTION
- 7.1.1 APPLICATION: AI VOICE GENERATOR MARKET DRIVERS
- 7.2 AUDIO & SPEECH SYNTHESIS
- 7.2.1 CREATING HUMAN-LIKE SPEECH AND SOUND FROM TEXT OR OTHER AUDIO INPUTS WITH AUDIO & SPEECH SYNTHESIS
- 7.2.2 TEXT-TO-SPEECH (TTS)
- 7.2.3 SPEECH-TO-SPEECH TRANSLATION
- 7.2.4 CUSTOM VOICE SYNTHESIS
- 7.2.5 VIRTUAL ASSISTANTS
- 7.2.6 OTHERS IN AUDIO & SPEECH SYNTHESIS
- 7.3 VOICE CONVERSION & CLONING
- 7.3.1 ORGANIZATIONS USE PERSONALIZED VOICES TO ESTABLISH CONSISTENT AND FAMILIAR BRAND VOICE IN AUTOMATED INTERACTIONS
- 7.3.2 VOICE MIMICKING
- 7.3.3 LANGUAGE LOCALIZATION
- 7.3.4 EMOTION TRANSFORMATION
- 7.3.5 PERSONALIZED DIGITAL VOICES
- 7.3.6 OTHERS IN VOICE CONVERSION & CLONING
- 7.4 MUSIC GENERATION & COMPOSITION
- 7.4.1 ENABLING CREATION OF NEW MUSICAL EXPERIENCES WITH INTEGRATION OF GENERATIVE AI
- 7.4.2 AUTOMATED MUSIC CREATION
- 7.4.3 MUSIC STYLE TRANSFER
- 7.4.4 SOUNDTRACK GENERATION
- 7.4.5 MUSIC REMIXING & MASHUPS
- 7.4.6 OTHERS IN MUSIC GENERATION & COMPOSITION
- 7.5 AUDIO DUBBING & TRANSLATION
- 7.5.1 CREATING VOICES IN VARIOUS LANGUAGES WITHOUT LOSING EMOTIONAL NUANCES OF ORIGINAL VOICE
- 7.5.2 MULTILINGUAL AUDIO DUBBING
- 7.5.3 REAL-TIME TRANSLATION
- 7.5.4 VOICE MATCH DUBBING
- 7.5.5 NARRATIVE DUBBING
- 7.5.6 OTHERS IN AUDIO DUBBING & TRANSLATION
- 7.6 VOICE ENHANCEMENT & RESTORATION
- 7.6.1 VOICE ENHANCEMENT AND RESTORATION APPLICATIONS CAN ANALYZE AUDIO SIGNALS IN INTRICATE DETAIL AND LEARNING PATTERNS TO EFFECTIVELY REMOVE IMPERFECTIONS
- 7.6.2 AUDIO NOISE REDUCTION
- 7.6.3 AUDIO UPSCALING
- 7.6.4 SPEECH ENHANCEMENT
- 7.6.5 OLD RECORD RESTORATION
- 7.6.6 OTHERS IN VOICE ENHANCEMENT & RESTORATION
- 7.7 OTHER APPLICATIONS
8 AI VOICE GENERATOR MARKET, BY VERTICAL
- 8.1 INTRODUCTION
- 8.1.1 VERTICAL: AI VOICE GENERATOR MARKET DRIVERS
- 8.2 MEDIA & ENTERTAINMENT
- 8.2.1 INCREASING GLOBAL CONTENT ACCESSIBILITY THROUGH INNOVATION IN REAL-TIME LANGUAGE TRANSLATIONS AND SUBTITLING
- 8.2.1.1 Voice-based content moderation
- 8.2.1.2 Automated news reading
- 8.2.1.3 Personalized audio advertising
- 8.2.1.4 AI-generated radio shows
- 8.2.1.5 Speech synthesis for audiobooks
- 8.2.1.6 Others
- 8.3 BFSI
- 8.3.1 OFFERING PERSONALIZED CUSTOMER EXPERIENCES WITH AI VOICE GENERATOR TECHNOLOGIES
- 8.3.1.1 Financial data audio transcription
- 8.3.1.2 Financial customer support & service
- 8.3.1.3 Voice-assisted fraud detection
- 8.3.1.4 Voice-activated financial transactions
- 8.3.1.5 Voice-enabled claims processing
- 8.3.1.6 Others
- 8.4 HEALTHCARE & LIFE SCIENCES
- 8.4.1 REVOLUTIONIZING DRUG DISCOVERY, MEDICAL IMAGING ANALYSIS, AND PERSONALIZED TREATMENT PLANS BY INTEGRATING AI VOICE GENERATORS IN HEALTHCARE & LIFE SCIENCES
- 8.4.1.1 Voice assistants for patients
- 8.4.1.2 Speech-activated medical devices
- 8.4.1.3 Medical dictation and transcription
- 8.4.1.4 AI-powered telemedicine consultations
- 8.4.1.5 Audio-based triage systems
- 8.4.1.6 Others
- 8.5 MANUFACTURING
- 8.5.1 TRANSFORMING QUALITY CONTROL IN MANUFACTURING BY ENABLING VOICE INSPECTION AND DEFECT DETECTION WITH AI VOICE GENERATORS
- 8.5.1.1 Acoustic quality control
- 8.5.1.2 Voice-enabled process optimization
- 8.5.1.3 AI monitoring and voice alerts
- 8.5.1.4 Audio-enhanced safety training
- 8.5.1.5 Audio inventory management
- 8.5.1.6 Others
- 8.6 RETAIL & E-COMMERCE
- 8.6.1 ENABLING AUDIO-BASED PRODUCT DESCRIPTION AND VOICE COMMERCE WITH GENERATIVE AI
- 8.6.1.1 Voice-based shopping assistants
- 8.6.1.2 Personalized audio ads
- 8.6.1.3 Audio product descriptions
- 8.6.1.4 Voice search optimization
- 8.6.1.5 Audio-controlled inventory management
- 8.6.1.6 Others
- 8.7 TRANSPORTATION & LOGISTICS
- 8.7.1 RISING NEED FOR EFFICIENCY, OPTIMIZATION, AND SUSTAINABILITY TO DRIVE GROWTH OF AI VOICE GENERATORS IN TRANSPORTATION & LOGISTICS
- 8.7.1.1 Emergency audio response and assistance
- 8.7.1.2 Voice-enabled navigation
- 8.7.1.3 Audio-based fleet management
- 8.7.1.4 Speech recognition for driver commands
- 8.7.1.5 Voice-controlled warehouse operations
- 8.7.1.6 Others
- 8.8 CONSTRUCTION & REAL ESTATE
- 8.8.1 REAL-TIME TRANSLATION CAPABILITIES CAN BRIDGE LANGUAGE BARRIERS IN MULTINATIONAL PROJECTS
- 8.8.1.1 Voice-assisted site monitoring
- 8.8.1.2 Voice-activated property tours
- 8.8.1.3 Voice-controlled building automation systems
- 8.8.1.4 Audio design consultations
- 8.8.1.5 Equipment maintenance audio alerts
- 8.8.1.6 Others
- 8.9 ENERGY & UTILITIES
- 8.9.1 GENERATIVE AI CAN MONITOR MACHINERY AND INFRASTRUCTURE, PROVIDING REAL-TIME ALERTS ABOUT PERFORMANCE ISSUES
- 8.9.1.1 Acoustic anomaly detection
- 8.9.1.2 Emergency response coordination
- 8.9.1.3 Voice-activated control systems
- 8.9.1.4 Voice-controlled smart grid systems
- 8.9.1.5 Predictive maintenance audio alerts
- 8.9.1.6 Others
- 8.10 GOVERNMENT & DEFENSE
- 8.10.1 AI VOICE GENERATORS CAN DETECT THREAT AND ENHANCE SURVEILLANCE
- 8.10.1.1 Audio deepfake detection
- 8.10.1.2 Speech recognition for surveillance
- 8.10.1.3 Public safety announcements
- 8.10.1.4 Audio forensics
- 8.10.1.5 Voice biometrics and authentication
- 8.10.1.6 Others
- 8.11 IT & ITES
- 8.11.1 GENERATIVE AI TO HELP IMPROVE CYBERSECURITY, MINIMIZE COSTS, AND ENHANCE USER EXPERIENCE
- 8.11.1.1 Automated voice response systems
- 8.11.1.2 AI-powered training programs
- 8.11.1.3 Voice authentication for IT systems
- 8.11.1.4 Voice-controlled IDE
- 8.11.1.5 Automated meeting transcriptions
- 8.11.1.6 Others
- 8.12 TELECOMMUNICATIONS
- 8.12.1 LEVERAGING ADVANCED NATURAL LANGUAGE PROCESSING (NLP) TO UNDERSTAND AND RESPOND TO CUSTOMER QUERIES
- 8.12.1.1 Real-time language translation
- 8.12.1.2 Language generation for IVR systems
- 8.12.1.3 Speech emotion recognition
- 8.12.1.4 Voice quality enhancement
- 8.12.1.5 Automated call summarization
- 8.12.1.6 Others
- 8.13 OTHER VERTICALS
9 AI VOICE GENERATOR MARKET, BY REGION
- 9.1 INTRODUCTION
- 9.2 NORTH AMERICA
- 9.2.1 NORTH AMERICA: AI VOICE GENERATOR MARKET DRIVERS
- 9.2.2 NORTH AMERICA: MACROECONOMIC OUTLOOK
- 9.2.3 US
- 9.2.3.1 Supportive regulatory environment and robust technological infrastructure in US to drive market growth
- 9.2.4 CANADA
- 9.2.4.1 Improving business processes and attracting more customers with rapid adoption of AI voice generators
- 9.3 EUROPE
- 9.3.1 EUROPE: AI VOICE GENERATOR MARKET DRIVERS
- 9.3.2 EUROPE: MACROECONOMIC OUTLOOK
- 9.3.3 UK
- 9.3.3.1 Presence of world-class universities and research institutions, coupled with vibrant startup ecosystem, to foster collaboration and accelerate advancements in generative AI
- 9.3.4 GERMANY
- 9.3.4.1 Increasing investments in developing AI solutions and growing interest in potential of AI voice generators to boost market growth
- 9.3.5 FRANCE
- 9.3.5.1 Combination of technological innovation, government initiatives, and thriving AI ecosystem to promote AI development in France
- 9.3.6 ITALY
- 9.3.6.1 Government initiatives and cost-efficiency considerations to trigger market growth in Italy
- 9.3.7 SPAIN
- 9.3.7.1 Collaborations between academic institutions, research centers, and industry players to support advancement of AI technologies in Spain
- 9.3.8 FINLAND
- 9.3.8.1 Integration of AI voice generator applications into education sector to see growing demand in near future
- 9.3.9 REST OF EUROPE
- 9.4 ASIA PACIFIC
- 9.4.1 ASIA PACIFIC: AI VOICE GENERATOR MARKET DRIVERS
- 9.4.2 ASIA PACIFIC: MACROECONOMIC OUTLOOK
- 9.4.3 CHINA
- 9.4.3.1 Integration of LLMs into various industries in China to drive market growth
- 9.4.4 INDIA
- 9.4.4.1 With emerging tech industry and huge digital population, businesses in India turning to LLMs to develop AI applications
- 9.4.5 JAPAN
- 9.4.5.1 Growth of AI voice generator market in Japan attributed to rich cultural heritage and technologically advanced society
- 9.4.6 SOUTH KOREA
- 9.4.6.1 South Korea's strong focus on innovation and digital transformation to drive adoption of AI technologies
- 9.4.7 SINGAPORE
- 9.4.7.1 Singapore making progress in advancement of AI voice generators
- 9.4.8 AUSTRALIA & NEW ZEALAND
- 9.4.8.1 Australia & New Zealand to explore AI's potential more broadly
- 9.4.9 REST OF ASIA PACIFIC
- 9.5 MIDDLE EAST & AFRICA
- 9.5.1 MIDDLE EAST & AFRICA: AI VOICE GENERATOR MARKET DRIVERS
- 9.5.2 MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK
- 9.5.3 MIDDLE EAST
- 9.5.3.1 Saudi Arabia
- 9.5.3.1.1 Major investments by tech giants to bring AI revolution in Saudi Arabia
- 9.5.3.2 UAE
- 9.5.3.2.1 Corporate collaborations and strategic partnerships crucial in advancing AI voice generator market in UAE
- 9.5.3.3 Turkey
- 9.5.3.3.1 Robust telecommunications infrastructure and growing digital economy to provide conducive environment for adoption of AI
- 9.5.3.4 Qatar
- 9.5.3.4.1 Strategic investments in AI research and development to foster vibrant ecosystem for innovation in Qatar
- 9.5.3.5 Rest of Middle East
- 9.5.4 AFRICA
- 9.6 LATIN AMERICA
- 9.6.1 LATIN AMERICA: AI VOICE GENERATOR MARKET DRIVERS
- 9.6.2 LATIN AMERICA: MACROECONOMIC OUTLOOK
- 9.6.3 BRAZIL
- 9.6.3.1 Technological advancements and surge in digital transformation to drive market growth in Brazil
- 9.6.4 MEXICO
- 9.6.4.1 Government and digital transformation initiatives to fuel adoption of advanced AI technologies in Mexico
- 9.6.5 ARGENTINA
- 9.6.5.1 Growing startup culture and government support to help growth of AI market in Argentina
- 9.6.6 REST OF LATIN AMERICA
10 COMPETITIVE LANDSCAPE
- 10.1 OVERVIEW
- 10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
- 10.3 REVENUE ANALYSIS
- 10.4 MARKET SHARE ANALYSIS
- 10.4.1 MARKET RANKING ANALYSIS
- 10.5 PRODUCT COMPARATIVE ANALYSIS
- 10.5.1 PRODUCT COMPARATIVE ANALYSIS, BY AUDIO & SPEECH SYNTHESIS
- 10.5.1.1 Amazon Polly (AWS)
- 10.5.1.2 Azure Speech AI (Microsoft)
- 10.5.1.3 Riva (NVIDIA)
- 10.5.1.4 Text-to-Speech AI (Google)
- 10.5.1.5 TTS (OpenAI)
- 10.5.2 PRODUCT COMPARATIVE ANALYSIS, BY VOICE CONVERSION & CLONING
- 10.5.2.1 Voice Cloning (Respeecher)
- 10.5.2.2 AI Voice Cloning (Speechify)
- 10.5.2.3 AI Voice Cloning (PlayHT)
- 10.5.2.4 AI Voice Cloning (Voice.ai)
- 10.5.2.5 AI Voice Cloning (ElevenLabs)
- 10.5.3 PRODUCT COMPARATIVE ANALYSIS, BY MUSIC GENERATION & COMPOSITION
- 10.5.3.1 AI Music Generator (Soundful)
- 10.5.3.2 Create Music (Soundraw)
- 10.5.3.3 AI Music Generator (Loudly)
- 10.5.3.4 AI Music Generation Assistant (AIVA Technologies)
- 10.5.3.5 Render (Mubert)
- 10.6 COMPANY VALUATION AND FINANCIAL METRICS
- 10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
- 10.7.1 STARS
- 10.7.2 EMERGING LEADERS
- 10.7.3 PERVASIVE PLAYERS
- 10.7.4 PARTICIPANTS
- 10.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
- 10.7.5.1 Company Footprint
- 10.7.5.2 Region Footprint
- 10.7.5.3 Offering Footprint
- 10.7.5.4 Application Footprint
- 10.7.5.5 Vertical Footprint
- 10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
- 10.8.1 PROGRESSIVE COMPANIES
- 10.8.2 RESPONSIVE COMPANIES
- 10.8.3 DYNAMIC COMPANIES
- 10.8.4 STARTING BLOCKS
- 10.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
- 10.8.5.1 Detailed List of Key Startups/SMEs
- 10.8.5.2 Competitive Benchmarking of Key Startups/SMEs
- 10.9 COMPETITIVE SCENARIO AND TRENDS
- 10.9.1 PRODUCT LAUNCHES AND ENHANCEMENTS
- 10.9.2 DEALS
11 COMPANY PROFILES
- 11.1 INTRODUCTION
- 11.2 KEY PLAYERS
- 11.2.1 IBM
- 11.2.1.1 Business overview
- 11.2.1.2 Solutions/Services offered
- 11.2.1.3 Recent developments
- 11.2.1.4 MnM view
- 11.2.1.4.1 Key strengths
- 11.2.1.4.2 Strategic choices
- 11.2.1.4.3 Weaknesses and competitive threats
- 11.2.2 NVIDIA
- 11.2.2.1 Business overview
- 11.2.2.2 Products/Solutions/Services offered
- 11.2.2.3 Recent developments
- 11.2.2.4 MnM view
- 11.2.2.4.1 Key strengths
- 11.2.2.4.2 Strategic choices
- 11.2.2.4.3 Weaknesses and competitive threats
- 11.2.3 META
- 11.2.3.1 Business overview
- 11.2.3.2 Solutions/Services offered
- 11.2.3.3 Recent developments
- 11.2.3.4 MnM view
- 11.2.3.4.1 Key strengths
- 11.2.3.4.2 Strategic choices
- 11.2.3.4.3 Weaknesses and competitive threats
- 11.2.4 MICROSOFT
- 11.2.4.1 Business overview
- 11.2.4.2 Solutions/Services offered
- 11.2.4.3 Recent developments
- 11.2.4.4 MnM view
- 11.2.4.4.1 Key strengths
- 11.2.4.4.2 Strategic choices
- 11.2.4.4.3 Weaknesses and competitive threats
- 11.2.5 GOOGLE
- 11.2.5.1 Business overview
- 11.2.5.2 Solutions/Services offered
- 11.2.5.3 Recent developments
- 11.2.5.4 MnM view
- 11.2.5.4.1 Key strengths
- 11.2.5.4.2 Strategic choices
- 11.2.5.4.3 Weaknesses and competitive threats
- 11.2.6 OPENAI
- 11.2.6.1 Business overview
- 11.2.6.2 Solutions/Services offered
- 11.2.6.3 Recent developments
- 11.2.7 AWS
- 11.2.7.1 Business overview
- 11.2.7.2 Solutions/Services offered
- 11.2.7.3 Recent developments
- 11.2.8 CISCO
- 11.2.8.1 Business overview
- 11.2.8.2 Solutions/Services offered
- 11.2.8.3 Recent developments
- 11.2.9 SOUNDHOUND AI
- 11.2.9.1 Business overview
- 11.2.9.2 Products/Solutions/Services Offered
- 11.2.9.3 Recent developments
- 11.2.10 ELEVENLABS
- 11.2.10.1 Business overview
- 11.2.10.2 Products/Solutions/Services offered
- 11.2.10.3 Recent developments
- 11.2.11 SPEECHIFY
- 11.2.12 SYNTHESIA
- 11.2.13 PLAYHT
- 11.2.14 RESEMBLE AI
- 11.2.15 STABILITY AI
- 11.2.16 RUNWAY
- 11.3 STARTUP/SME PROFILES
- 11.3.1 AMAI
- 11.3.2 MUSICO
- 11.3.3 WELLSAID LABS
- 11.3.4 DESCRIPT
- 11.3.5 AIVA TECHNOLOGIES
- 11.3.6 DUBDUB.AI
- 11.3.7 DEEPDUB
- 11.3.8 DUBVERSE
- 11.3.9 RESPEECHER
- 11.3.10 BEYONDWORDS
- 11.3.11 VOICEMOD
- 11.3.12 REPLICA STUDIOS
- 11.3.13 SIMPLIFIED
- 11.3.14 MURF AI
- 11.3.15 LISTNR AI
- 11.3.16 DEEPBRAIN AI
- 11.3.17 CAMB.AI
- 11.3.18 PODCASTLE
- 11.3.19 LOVO AI
- 11.3.20 SOUNDFUL
- 11.4 OTHER VENDORS
- 11.4.1 SOUNDRAW
- 11.4.2 BEATOVEN.AI
- 11.4.3 ASSEMBLYAI
- 11.4.4 HOUR ONE
- 11.4.5 PICOVOICE
12 ADJACENT AND RELATED MARKETS
- 12.1 INTRODUCTION
- 12.2 CONVERSATIONAL AI MARKET - GLOBAL FORECAST TO 2030
- 12.2.1 MARKET DEFINITION
- 12.2.2 MARKET OVERVIEW
- 12.2.2.1 Conversational AI market, by offering
- 12.2.2.2 Conversational AI market, by business function
- 12.2.2.3 Conversational AI market, by conversational agent type
- 12.2.2.4 Conversational AI market, by vertical
- 12.2.2.5 Conversational AI market, by region
- 12.3 GENERATIVE AI MARKET - GLOBAL FORECAST TO 2030
- 12.3.1 MARKET DEFINITION
- 12.3.2 MARKET OVERVIEW
- 12.3.2.1 Generative AI market, by offering
- 12.3.2.2 Generative AI market, by application
- 12.3.2.3 Generative AI market, by vertical
- 12.3.2.4 Generative AI market, by region
13 APPENDIX
- 13.1 DISCUSSION GUIDE
- 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.3 CUSTOMIZATION OPTIONS
- 13.4 RELATED REPORTS
- 13.5 AUTHOR DETAILS