The voice cloning market is expected to grow at 17.2% CAGR during the forecast period of 2020-2025. Voice cloning is the technology to create someone’s voice synthetically. The voice cloning solutions and services allow users to generate the computerized version of their voice. These solutions synthesize someone’s voice from a few audio samples. Voice cloning is done with the help of artificial intelligence (AI) and machine learning algorithms.
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– Enterprises are focusing on enhancing their customer experiences by introducing a familiar voice on the products and services they provide. By using these solutions, businesses can form significant long-term relationships with customers by providing them with a considerably better customer experience. Technology providers are also adopting cutting-edge technologies for developing efficient voice cloning solutions. For example, in 2019, Deepsync Technologies, an Indian technology startup, has embarked on a journey to leverage artificial intelligence to create audio content through voice cloning.
– A voice cloning procedure typically needs a couple of hours of recorded speech to build a dataset and then to use the dataset to train a new model. With the increasing adoption of AI & machine learning solutions, the developers are putting in their effort to reduce the time taken to complete a voice cloning process. For instance, in 2019, a new Github project introduces a real-time voice cloning toolbox, enabling a user to clone a voice in a timeframe of five seconds of sample audio.
Key Market Trends
Solutions Segment is Expected to Grow at a Significant Rate Over the Forecast Period
– The voice cloning solutions segment has observed a significant growth in recent years owing to the increasing adoption of cloned voice services in education, healthcare, BFSI, media & entertainment, retail, and other potential industries.
– CereProc, a voice cloning technology provider, is providing CereVoice Me, an online voice cloning solution allowing the users to create a computer version of their voice. The developers of this cutting-edge technology-enabled solution have simplified CereProc’s text-to-speech voice creation process, allowing the users to carry out recordings in their own home in as little as a couple of hours.
– Typical voice cloning methods require a significantly large amount of recorded speech and extensive post-production work. This gives outstanding results, but it is expensive and time-consuming, which is a barrier for those with the need for a TTS voice that sounds like a cloned voice. Several technology vendors in the market are making voice cloning accessible to potential end-users. These solutions are especially useful for voice banking.
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