AI Voice Generator Market Projected to Gain $20.4 billion by 2030

(IT-NEWSWIRE.COM, August 14, 2024 ) According to a research report "AI Voice Generator Market by Technology (Deep Learning, Transformer Models, Generative Adversarial Networks (GANs), Autoencoder; Voice Translation, Voice Cloning, Text to Speech, Virtual Assistants, AI Music Generator) - Global Forecast to 2030" published by MarketsandMarkets, the market for AI voice generator is projected to grow significantly rising from USD 3.0 billion in 2024 to a significant USD 20.4 billion by 2030. A strong compound annual growth rate (CAGR) of 37. 1% is witnessed during the forecast period. A number of significant factors within the business environment are expected to propel the growth of the AI voice generator market. Innovations in natural language processing (NLP) and machine learning in particular have led to a notable increase in consumer interest in smart voice-activated devices and digital assistants. The growing need for accessibility features in digital content is also a major factor driving this markets upward trend.

Browse 460 market data Tables and 75 Figures spread through 510 Pages and in-depth TOC on "AI Voice Generator Market - Global Forecast to 2030"

Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144271159

By application, voice conversion and cloning to register the second largest market share during the forecast period.

Voice conversion and cloning application will have a significant portion of the AI voice generator market as a result of their versatile abilities in various sectors. These applications provide authentic voice imitation and customization, improving user experiences in customer service, entertainment, and accessibility solutions. Increasing need for voice assistants, immersive gaming, and personalized content is fueling the adoption even more. Improvements in AI algorithms helps to achieve human-like, realistic voice results. Rendering these applications have become more important for companies aiming to interact with users in a more efficient and innovative manner.

By vertical, healthcare & life sciences is poised for the fastest growth rate during the forecast period.

The healthcare and life sciences sector will register for the fastest growth rate in the AI voice generator market due to the increasing use of AI-based tools in patient care and optimize operational processes. AI based virtual assistants for patient engagement and automated transcription services for medical records are changing the way healthcare is provided. The integration of generative AI technologies is being pushed by the need for remote patient monitoring, telehealth services, and precise diagnostics. Furthermore, the increasing demand for fast and successful communication between healthcare professionals and patients, particularly in settings with multiple languages, continues to drive the expansion of AI technologies in this industry over the predicted period.

By region, North America accounts for the largest market during forecast period.

North America is projected to dominate the AI voice generator market in the forecast period because of multiple important reasons. The strong basis for growth in the region is built on its solid technological infrastructure and quick integration of advanced technologies. North America is the base to leading technology firms and AI research centers which indirectly promotes growth and development in the country. Trained workforce and major investments in AI research and development continue to fuel market growth. The growing need for AI audio generator solutions in fields like media & entertainment, healthcare, and BFSI enhances the region's leading market position.

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), ElevenLabs (US), Synthesia (UK), PlayHT (US), Resemble AI (US), Stability AI (UK), Runway (US).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™

Mr. Rohan Salgarkar

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com

Technology News & Search Engine

AI Voice Generator Market Projected to Gain $20.4 billion by 2030