Global Digital or AI Voice-overs Market Professional Survey by Types, Applications, and Players, with Regional Growth Rate Analysis and Development Situation, from 2023 to 2028

SKU ID : Maia- 24396277

Publishing Date : 24-Jul-2023

No. of pages : 114

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  • According to the latest research, the global Digital or AI Voice-overs market size was valued at USD 188.96 million in 2022 and is expected to expand at a CAGR of 15.85% during the forecast period, reaching USD 456.71 million by 2028.

    As the name implies, the primary principle of the technology is to convert text into speech using machine learning and AI technology. Instead of recording a voiceover from text manually, digital & AI based voice-overs tool can instantly generate a voice output that you can use in productions, marketing, customer support, or anywhere else. The product is aiming to replace human actors with digital voices.

    Influence of COVID-19 Outbreak on Digital or AI Voice-overs Industry Development
    Pandemic has brought about fundamental changes in people's way of life and work. Similarly, the events in 2020 have led to earth-shaking changes in the way businesses operate, especially when considering digital marketing and media. As a result of the epidemic, the consumption of digital media in the society has increased exponentially, and this change in the consumption mode of digital media forces enterprises to adapt and change their operation mode. Under the epidemic situation, enterprises have deepened consumers' awareness and goodwill of brands through Digital or AI Voice-overs technology. Enterprises, content creators and marketers began to pay attention to digital dubbing.

    Drivers
    With the development of information technology, there is an upsurge of short video from the media, and more and more people need dubbing. At first, dubbing dominated the film industry, and the demand for dubbing talents in the entertainment industry was obvious. However, voice work has also become an increasingly popular advertising and marketing technology in many other industries, providing a channel for content creators and marketers to pass their information to consumers, rather than just relying on visual effects. High-quality dubbing will add extra points to short videos, and dubbing can be divided into two types: dubbing by intelligent software and dubbing by real voice actors.

    The cost of real-life dubbing is too high, and it is not affordable for most people. Generally speaking, there is no strict standard. Nowadays, the artificial intelligence software is becoming more and more mature. Intelligent dubbing is close to real people, and the audio can be generated in seconds by inputting words, which is simple and fast, and conforms to the trend of the times. The current Digital or AI Voice-overs software is powerful and comprehensive, with nearly a variety of voices for users to choose from, supporting multiple languages, and the dubbing effect is comparable to that of real people.

    Artificial intelligence (AI) speech is based on deep learning and is used to create the same high-quality speech output as real human speech. In today's growing market, for many industries and enterprises, Digital or AI Voice-overs is a key part of their marketing stack.

    Ideally, enterprises catering to a large number of target audiences will have a large number of content plans unique to their brands. Represents the content company, so a certain kind and quantity of standardization and customization are essential. In this case, the frequency and quantity of content to be produced by enterprises are higher, and Digital or AI Voice-overs tools may be more beneficial than human voice artists. Because most companies, especially virtual companies, work under tight budgets.

    In addition to paying the necessary remuneration, real voice dubbing also needs proper space and equipment, as well as pre-production, production and post-production stages. This option is also more time consuming, taking into account any errors that may be needed and the buffer duration of the remake. For any enterprise, resources are crucial, and Digital or AI Voice-overs tools can ensure that resources are used wisely. The following are some key reasons for the rapid development of Digital or AI Voice-overs:

    Speed: Digital or AI Voice-overs available on the market is created for the needs of audio and voice-over generation. Therefore, most of these tools are very fast and very suitable for mass production. Users can create content faster than originally expected.

    Mass production: As mentioned in the previous point, such tools are absolutely necessary if the enterprise plans to create more content on a regular basis. The higher turnover rate makes these tools more attractive than voice artists. Such online tools also provide users with the scope of any errors that may need to be corrected immediately.

    Economy: For voice-over artists, the possibility of exceeding the budget is very high. Online tools can help solve this problem. Most tools are suitable for pay-per-audio or subscription mode. Enterprises can choose a plan that suits their business needs.

    Global influence: Digital AI voice-overs has a variety of sounds and languages to choose from, which can help enterprise users cater to the global audience. Users can create multiple versions of the same content segment that can satisfy different geographical areas.

    Brand promotion: One of the main reasons for the success of Digital AI Voice-Over is customization. Anything published from the corporate brand represents the company. Digital AI voice-overs tool allows enterprises to create appropriate audio, which helps to build trust and credibility in the audience's mind.

    Region Overview:
    North America had the highest growth rate of all regions.

    Company Overview:
    Designs AI is one of the major players operating in the Digital or AI Voice-overs market, holding a share of 6.89% in 2021.

    Designs.ai is an online platform that uses proprietary AI technology to make design accessible to everyone.
    Designs.ai is the perfect tool for SME owners, marketplace sellers, startups, agencies, influencers, freelancers, and marketers.

    WellSaid Labs is the leading AI text-to-speech technology company and first synthetic media service to achieve human-parity in voice. Creators, product developers, and brands alike power up their stories and digital experiences with a wide variety of voice styles, accents and languages — at scale.

    Segmentation Overview:
    Among different product types, Native Language segment is anticipated to contribute the largest market share in 2027.

    Application Overview:
    By application, the Narrated Videos segment occupied the biggest share from 2017 to 2022.

    This report elaborates on the market size, market characteristics, and market growth of the Digital or AI Voice-overs industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Digital or AI Voice-overs. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.

    Key Points this Global Digital or AI Voice-overs Market Report Include:
    Market Size Estimates: Digital or AI Voice-overs market size estimation in terms of revenue and sales from 2018-2028
    Market Dynamic and Trends: Digital or AI Voice-overs market drivers, restraints, opportunities, and challenges
    Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Digital or AI Voice-overs market
    Segment Market Analysis: Digital or AI Voice-overs market revenue and sales by type and by application from 2018-2028
    Regional Market Analysis: Digital or AI Voice-overs market situations and prospects in major and top regions and countries
    Digital or AI Voice-overs Market

    Competitive Landscape

    and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.
    Digital or AI Voice-overs Industry Chain: Digital or AI Voice-overs market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
    Digital or AI Voice-overs Industry News, Policies by regions
    Digital or AI Voice-overs Industry Porters Five Forces Analysis

    Key players in the global Digital or AI Voice-overs market are covered in Chapter 2:
    Synthesys
    Clipchamp
    LOVO
    WellSaid
    Replica Studios
    Murf AI
    Designs.ai
    Resemble AI

    In Chapter 6 and Chapter 9, on the basis of types, the Digital or AI Voice-overs market from 2018 to 2028 is primarily split into:
    Native Language
    Foreign Language
    Special Language

    In Chapter 7 and Chapter 10, on the basis of applications, the Digital or AI Voice-overs market from 2018 to 2028 covers:
    Films
    Animated Videos
    Narrated Videos
    Explainer Videos
    Podcasts
    Advertising Videos
    Voice Assistant
    Voice overs in E-learning

    Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
    United States
    Europe
    China
    Japan
    India
    Southeast Asia
    Latin America
    Middle East and Africa
    Others

    In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.

    Chapter Outline
    This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:

    Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Digital or AI Voice-overs market size in terms of revenue, sales volume, and average price.

    Chapter 2 analyzes the main companies in the Digital or AI Voice-overs industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.

    Chapter 3 is an analysis of the competitive environment of Digital or AI Voice-overs market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.

    Chapter 4 is an analysis of the Digital or AI Voice-overs industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.

    Chapter 5 focuses on Digital or AI Voice-overs market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.

    Chapters 6-8 have segmented the Digital or AI Voice-overs market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.

    Chapters 9-11 provide detailed Digital or AI Voice-overs market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.

    Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.

    Years considered for this report:


    Historical Years:

    2018-2022

    Base Year:

    2022

    Estimated Year:

    2023

    Forecast Period:

    2023-2028

    Frequently Asked Questions



    This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

    • By product type
    • By End User/Applications
    • By Technology
    • By Region

    The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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