AI Voiceover Tool Market Trends and Forecast
The future of the global AI voiceover tool market looks promising with opportunities in the video production and podcasting markets. The global AI voiceover tool market is expected to grow with a CAGR of 14.7% from 2024 to 2030. The major drivers for this market are growing demand for multilingual content, rise in e-learning platforms, and increasing use of AI for audio content creation & narration.
• Lucintel forecasts that concatenative speech synthesis is expected to witness higher growth over the forecast period.
• Within this market, video production is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Voiceover Tool Market
• United States: Amazon launched AI-powered voiceover tools for Alexa, expanding language capabilities. Companies like Google are investing in AI voice synthesis for personalized user interactions. The US government supports AI innovation through grants and initiatives in digital content creation.
• China: iFlytek introduced AI voiceover tools for multimedia content, enhancing user experience across platforms. Chinese tech firms align with government policies to promote AI technology in digital media and education sectors.
• United Kingdom: BBC announced collaborations with AI startups to develop voiceover tools for broadcasting, aiming to improve content delivery and accessibility. UK government initiatives include funding for AI research in media and entertainment industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Voiceover Tool Market by Segment
The study includes a forecast for the global AI voiceover tool market by type, application, and region.
AI Voiceover Tool Market by Type [Value from 2018 to 2030]:
• Concatenative Speech Synthesis
• Parametric Speech Synthesis
• Others
AI Voiceover Tool Market by Application [Value from 2018 to 2030]:
• Video Production
• Podcasting
• Others
AI Voiceover Tool Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Voiceover Tool Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI voiceover tool companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI voiceover tool companies profiled in this report include-
• Clipchamp
• Lovo.ai
• Speechify
• PlayHT
• Murf
• Synthesys
• VocaliD
• Respeecher
• Speechelo
• Wavve
Recent Development in the AI Voiceover Tool Market
• Amazon: Amazon introduced AI-powered voiceover tools for Alexa, enhancing language capabilities and user interactions. These tools enable personalized voice responses and content delivery, expanding AmazonÄX%$%Xs presence in smart assistant technology.
• Google: Google developed AI voice synthesis technologies for natural and expressive voiceovers. This initiative aims to improve user experience across Google products, focusing on enhancing audio content creation and accessibility through advanced AI algorithms.
• iFlytek: iFlytek launched AI voiceover tools for multimedia applications, providing high-quality voice synthesis for various content formats. These tools cater to the growing demand for multilingual voiceovers in digital media and educational platforms, reinforcing iFlytekÄX%$%Xs leadership in AI-driven language processing technologies.
• Adobe: Adobe integrated AI-driven voiceover capabilities into its Creative Cloud suite, enabling users to generate natural-sounding voiceovers for multimedia projects. This integration enhances AdobeÄX%$%Xs offerings in content creation tools, empowering creators to produce professional-quality audio content efficiently.
• BBC: BBC collaborated with AI startups to develop AI voiceover tools for broadcasting, aiming to enhance content accessibility and audience engagement. These tools leverage AI for real-time voice synthesis and language adaptation, supporting BBCÄX%$%Xs efforts in delivering compelling audio content globally.
Features of the Global AI Voiceover Tool Market
Market Size Estimates: AI voiceover tool market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI voiceover tool market size by type, application, and region in terms of value ($B).
Regional Analysis: AI voiceover tool market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI voiceover tool market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI voiceover tool market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q1. What is the growth forecast for AI voiceover tool market?
Answer: The global AI voiceover tool market is expected to grow with a CAGR of 14.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI voiceover tool market?
Answer: The major drivers for this market are growing demand for multilingual content, rise in e-learning platforms, and increasing use of AI for audio content creation & narration.
Q3. What are the major segments for AI voiceover tool market?
Answer: The future of the AI voiceover tool market looks promising with opportunities in the video production and podcasting markets.
Q4. Who are the key AI voiceover tool market companies?
Answer: Some of the key AI voiceover tool companies are as follows:
• Clipchamp
• Lovo.ai
• Speechify
• PlayHT
• Murf
• Synthesys
• VocaliD
• Respeecher
• Speechelo
• Wavve
Q5. Which AI voiceover tool market segment will be the largest in future?
Answer: Lucintel forecasts that concatenative speech synthesis is expected to witness higher growth over the forecast period.
Q6. In AI voiceover tool market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI voiceover tool market by type (concatenative speech synthesis, parametric speech synthesis, and others), application (video production, podcasting, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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