AI Voices and the Future of Speech-Based Applications

While the pandemic slowed down the development of businesses and entire industries, it did not affect the ongoing development of AI-generated speech. According to analysts at Meticulous Research, the global voice technology market is growing at 17.2% annually. By 2025 its volume is expected to reach $26.8 billion. What makes voice synthesis such a rapidly developing niche, and what impact is that development having on speech-based applications today? Implementing speech-based applications helps businesses significantly improve customer experiences.