Voice cloning is a method in which an individual can use a computer to create the speech of a real individual and employ artificial intelligence (AI) to generate a copy of a particular voice. The Voice Cloning industry generated $1.5 billion in 2022 and is anticipated to generate $16.2 billion by 2032, witnessing a CAGR of 27.3% from 2023 to 2032. The market is driven by the need for intelligent and automated systems that can enable realistic and expressive voices in real-time, enabling consumers to make the interaction more pleasant and engaging. Growth in demand for personalized experiences across several industries, an increase in initiatives in voice cloning projects, and the rise in popularity of virtual assistants and chatbots are the major factors that drive the growth of the global voice cloning market.
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