The global voice cloning market is driven by factors such as the rise 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. According to the report, the voice cloning market 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. Prime determinants of growth include 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. The global COVID-19 pandemic significantly impacted the voice cloning market, as the increased in demand for remote communication and virtual interactions during lockdowns.
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