The demand for voice over services has been increasing steadily over the past few years, and this trend is expected to continue in 2023. In this article, we will discuss 10 statistics that prove the rising demand for voice over.
- The global voice over market size is projected to reach $10.6 billion by 2027, growing at a CAGR of 6.7% from 2020 to 2027. This is according to a report by Grand View Research, Inc. This indicates a significant growth potential for the industry.
- According to a report by Technavio, the global voice over market will grow by $1.9 billion during 2021-2025. This is attributed to the increasing demand for voice over services across industries such as advertising, e-learning, and entertainment.
- The e-learning industry is one of the major contributors to the growth of the voice over market. According to a report by ResearchAndMarkets.com, the global e-learning market size is expected to grow by $72.41 billion during 2021-2025. The report also states that the use of voice over in e-learning courses has become more common, further driving the demand for voice over services.
- The entertainment industry is another major contributor to the growth of the voice over market. According to a report by PwC, the global entertainment and media market is expected to reach $2.6 trillion by 2025, growing at a CAGR of 6.5% from 2020 to 2025. Voice over services are increasingly used in video games, animation, and dubbing, which are all growing segments within the entertainment industry.
- The rise of digital assistants is another factor driving the demand for voice over services. According to a report by Voicebot.ai, the number of voice assistants in use worldwide reached 4.2 billion in 2021, up from 3.25 billion in 2019. As more companies develop voice-enabled products and services, the demand for voice over services is expected to increase further.
- The COVID-19 pandemic has also contributed to the growth of the voice over market. With many people working and learning from home, the demand for e-learning and online content has increased significantly. This has led to an increased demand for voice over services.
- According to a report by Voices.com, the demand for voice over services on their platform increased by 15% in 2020 compared to the previous year. This indicates a growing demand for voice over services across different industries.
- Another report by Voices.com states that the demand for non-English voice over services increased by 15% in 2020 compared to the previous year. This indicates a growing demand for voice over services in languages other than English.
- The rise of podcasts is another factor contributing to the growth of the voice over market. According to a report by Podcast Insights, there are over 2 million active podcasts and over 48 million podcast episodes as of January 2021. This has led to an increased demand for voice over services for podcast intros, outros, and ads.
- The use of voice over in advertising is also on the rise. According to a report by Statista, the global digital advertising market size is expected to reach $645 billion by 2024. Voice over services are increasingly used in digital ads, explainer videos, and other forms of advertising content.
In conclusion, these 10 statistics indicate a growing demand for voice over services across various industries. As the global market for e-learning, entertainment, digital assistants, and podcasts continues to grow, the demand for voice over services is expected to increase further.