The Latest Voice Over Industry Statistics Explained
In 2021, the global voice over market was valued at $2.3 billion.
The statistic “In 2021, the global voice-over market was valued at $2.3 billion” indicates the total estimated value of the global market for voice-over services during that year. This figure represents the combined revenue generated from various voice-over services such as dubbing, narration, animation, commercials, and video games worldwide. The value of $2.3 billion signifies the economic significance and growth potential of the voice-over industry, highlighting the demand for professional voice talents in a variety of sectors. This statistic provides valuable insights to industry stakeholders, businesses, content creators, and investors seeking to understand the market dynamics and opportunities within the voice-over industry in 2021.
The voice over industry is expected to grow at a compound annual growth rate (CAGR) of 6.4% between 2022 and 2030.
The statistic indicates that the voice over industry is projected to experience consistent growth over the period from 2022 to 2030, with a compound annual growth rate of 6.4%. This means that on average, the industry’s revenue or market size is anticipated to increase by 6.4% each year during this timeframe. The forecasted growth rate suggests a positive outlook for the voice over industry, likely driven by factors such as increased demand for audio content in various applications like digital media, advertising, and entertainment. This steady growth trajectory may present opportunities for businesses and professionals within the voice over sector to expand their market presence, innovate, and capitalize on the growing market potential.
Voice over work for audiobooks represents about 22% of all annual voice over jobs.
This statistic suggests that voice over work for audiobooks accounts for approximately 22% of the total voice over jobs completed within a given year. This indicates that a significant portion of voice over artists’ work involves recording content for audiobooks specifically. The percentage of 22% implies that audiobook narration is a substantial segment of the voice over industry, highlighting the demand for audiobooks and audiobook narrators in the current market. This statistic also underscores the importance of audiobooks as a popular medium for consuming literature and other forms of content, driving the need for talented voice over professionals in this particular niche.
In 2021, eLearning industries in the United States alone spent over $65 billion on course development, which includes voice over services.
The statistic highlights the significant financial investment made by the eLearning industries in the United States towards course development in 2021, amounting to over $65 billion. This investment covers various aspects of course creation, including voice-over services, indicating the importance placed on delivering high-quality and engaging educational content. The substantial expenditure reflects the growing demand and importance of online education and eLearning platforms, as well as the recognition of the need for professional voice-over services to enhance the effectiveness and appeal of online courses. This statistic underscores the scale and dedication of the eLearning industries in the U.S. in creating innovative and impactful learning experiences for students and professionals alike.
By 2025, the global consumer book market is projected to reach $130 billion, increasing the demand for audiobook voice actors.
The statistic indicates that by the year 2025, the total value of the global consumer book market is estimated to reach $130 billion. This projected growth hints at an expanding market for audiobooks, leading to an increased demand for audiobook voice actors. As the consumer book market continues to grow, more people are likely to turn to audiobooks as a convenient and accessible way to consume literature. This trend creates opportunities for voice actors specializing in audiobook narration to cater to the growing demand for high-quality audio recordings. For individuals in the field of voice acting, this statistic suggests a promising future with potential for increased employment opportunities and growth in the audiobook industry.
The per word rate for voice over work in the eLearning industry ranges from $0.25 to $2.50.
The statistic indicates the range of per word rates commonly charged for voice over work within the eLearning industry, which spans from $0.25 to $2.50 per word. This implies that voice over artists in the eLearning sector have a wide range of pricing options when it comes to charging for their services on a per word basis. The variability in rates can be influenced by factors such as the quality of the voice talent, the complexity of the project, the length of the script, and the specific requirements of the client. Overall, this statistic provides insight into the pricing norms within the eLearning industry and highlights the flexibility that voice over artists have in determining their rates based on various considerations.
The disallowed rate for voice over projects ranges from $250 to $500.
The statistic “The disallowed rate for voice over projects ranges from $250 to $500” indicates the typical range of fees that may be charged by voice over artists for projects that are ultimately not used or “disallowed” by the client. This rate serves as compensation for the time and effort expended by the voice over artist in recording the project, even if the final product is not used for its intended purpose. The range of $250 to $500 suggests variability in pricing based on factors such as the complexity and length of the project, the reputation of the artist, and the industry standard rates. Clients and voice over artists may negotiate within this range depending on specific project requirements and agreements.
References
0. – https://www.globalvoiceacademy.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.soundonsound.com
3. – https://www.elearningindustry.com
4. – https://www.www.statista.com
