B2B AI-BASED AUDIO OPTIMIZATION AND PRODUCTION MARKET

​

​

Market & Competitive Intelligence

2023

Prepared exclusively for WAVESHAPER

​

Final Report

July 2023

Personal - Individual Use

Table of Contents

2

Personal - Individual Use

01

Research Overview

​

Sections covered:

• Research Objective and Scope
• Research Methodology Overview

Personal - Individual Use

• Pricing strategies
• Recent innovations/product launches/updates
• M&A, if any
• Global revenue, revenue by region, and revenue from product in focus*
• Market share (%)*
• Historical company financial*
• Other company financials such EBIDTA and operating expense*
• Strategic framework assessment – SWOT and PESTLE

• Assessing market opportunities*
• Actionable strategies to maximize market penetration and revenue growth*

• Strategic recommendations

Research Objective and Scope

*Data is provided based on availability/best effort basis

4

4

Personal - Individual Use

Research Methodology Overview

5

5

Personal - Individual Use

02

Market Definition and Application of AI

Sections covered:

• Market Definition and Coverage
• Overview of AI in Audio Optimization and Production

Personal - Individual Use

Market Definition and Coverage

Market Definition

The B2B AI-based audio optimization and production market encompasses the AI technologies, tools, and services that are used to enhance and improve audio quality in a variety of industries, such as music production, film and television, broadcasting, and live events.

WAVESHAPER offers an AI-driven audio optimization and enhancement solution that aims to improve the quality of audio content. Leverages advanced algorithms and machine learning techniques to enhance audio clarity, reduce background noise, improve speech intelligibility, and deliver an immersive audio experience.

Geographical Coverage

• Global market

Key Competitors

Target Market

• Live events
• Broadcasting
• Film and music
• Metaverse

​

​

• Podcast
• Virtual meetings/conference
• Video streaming
• Contact centers

WAVESHAPER Offering

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

7

7

Personal - Individual Use

OVERVIEW OF AI IN AUDIO OPTIMIZATION AND PRODUCTION (1/2)

AI has made significant advancements in the field of audio optimization and production, revolutionizing the way audio content is created, enhanced, and delivered. Deep Learning models, such as Convolutional Neural Networks (CNNs) or Recurrent Neural Networks (RNNs), are commonly employed in audio optimization tasks.

​

The audio data is used to train these models. The models learn to recognize patterns and features in the audio signals by adjusting their internal parameters through an

iterative training process. From noise reduction and audio enhancement to intelligent mixing and mastering, AI has proven to be a powerful technology for audio optimization

and production.

AI applications in audio optimization and production:

1. Noise reduction: AI algorithms effectively remove unwanted background noise from audio. The AI models analyze the audio signal and use their learned knowledge to identify and distinguish between the desired audio and the noise components. The models then apply appropriate techniques, such as spectral subtraction or advanced filtering, to suppress or eliminate the noise while preserving the quality of the desired audio

​

• Audio enhancement: AI technologies such as machine learning and deep neural networks enhances audio quality. These algorithms analyze and intelligently modify audio signals, improving aspects such as clarity, dynamics, tonal balance, and spatialization. This technology is particularly useful for restoring old or low-quality recordings

​

• Virtual instruments and sound synthesis: AI has been used to develop virtual instruments and sound synthesis systems that generate realistic and expressive sounds. By leveraging machine learning and generative models, AI replicates the characteristics of various musical instruments and creates entirely new sounds, expanding the possibilities for music production

Overview of AI in Audio Optimization and Production (1/2)

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

8

8

Personal - Individual Use

OVERVIEW OF AI IN AUDIO OPTIMIZATION AND PRODUCTION (2/2)

AI applications in audio optimization and production (cont’d):

​

6. Real-time audio processing: AI algorithms and deep learning models are employed in real-time audio processing systems, such as digital audio workstations (DAWs) or audio plugins. These solutions leverage the trained models to perform tasks like noise reduction, effects processing, or intelligent mixing and mastering in real-time, providing immediate feedback and results. This technology finds applications in live performances, interactive installations, virtual reality (VR), and augmented reality (AR) experiences

​

• Intelligent audio analysis: AI algorithms analyze audio signals to extract meaningful information and insights. This includes tasks like audio transcription, chord recognition, genre classification, and mood detection. Such analyses aid in content indexing, recommendation systems, and music discovery platforms

​

• Source separation: AI techniques, including deep learning, are used for source separation tasks where the goal is to isolate individual sound sources from a mixture. For example, deep learning models separate vocals from instrumentals, enabling remixing or karaoke applications

4. Automatic mixing and mastering: AI-powered solutions automate the process of mixing and mastering audio tracks. These solutions analyze the individual elements of a mix and make adjustments to achieve a balanced and polished sound. By employing machine learning algorithms trained on vast music databases, AI emulates the expertise of professional audio engineers, saving time and enhancing the quality of productions

​

​

5. Music composition and arrangement: AI assists in music composition and arrangement by generating musical ideas and harmonies based on existing patterns and styles. Using deep learning techniques, AI models learn from vast collections of music and create original compositions or suggest alternative arrangements, providing inspiration to musicians and producers

Overview of AI in Audio Optimization and Production (2/2)

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

9

9

Personal - Individual Use

03

Executive Summary

Sections covered:

• Market Overview
• Competitive Landscape
• Service Offering & Deployment/Delivery Mapping
• Competitors’ Pricing Insights

Personal - Individual Use

The audio optimization and production market continues to evolve with technological advancements, such as AI and ML, which offer automated audio processing, intelligent audio mixing, and personalized audio experiences.

Global B2B AI-based audio optimization and production growth forecast

The global B2B AI-based audio optimization and production market was valued at US$12.0 billion in 2022 and is expected to reach US$37 billion by 2030, growing at a CAGR of 15%. This growth is being driven by the increasing demand for high-quality audio content, AI integration in chips, and the growing popularity of streaming services:

Market Summary

Executive Summary: Market Overview (1/2)

• The global podcasting market size was estimated at US$23.5 billion in 2022. The market is expected to grow at a CAGR of 27.6% from 2023 to 2030 to reach US% 131.1 billion by 2030. Furthermore, Buzzsprout, SoundCloud, and Libsyn are top 3 podcast hosting platform, according to The podcast Survey

​

• The video streaming (SVoD) market is a rapidly growing market. The global video streaming (SVoD) market size was estimated at US$80.01 billion in 2022 and is projected to reach US$137.0 billion by 2030

​

• The rise of artificial intelligence (AI) is revolutionizing the semiconductor industry, from the way chips are designed and manufactured to the way audio is enhanced. AI-powered chips are becoming more efficient and powerful, which is driving demand for AI audio technology that can enhance audio quality. The global semiconductor revenue is anticipated to decrease by 11.2% in 2023, reaching US$532 billion. However, a rebound is expected in 2024, with revenue projected to grow by 18.5%

​

North America is expected to be the largest market for B2B AI-based audio optimization and production during the forecast period. This is due to the increasing demand for high-quality audio content, the growing popularity of streaming services, and presence of many leading audio software and hardware manufacturers in the region

​

• The North America is the biggest podcasting market, valued at US$165 billion in 2022
• The call centers market in the US. is estimated at US$134.9 Billion in the year 2022
• The North American video conferencing market held a revenue share of ~35.0%
• North America dominated the film and music market, valued at US$114 billion in 2022

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

2022

2030

$12 billion

$37 billion

CAGR: 15%

11

11

Personal - Individual Use

Market Summary

Executive Summary: Market Overview (2/2)

The Asia Pacific region is expected to be the fastest-growing market for B2B AI-based audio optimization and production due to the increasing demand for high-quality audio content and the use of AI in audio optimization and production

​

• Asian semiconductor market is valued US$289.9 in 2022 and is projected exhibit highest market share
• Asia Pacific is expected to be the fastest-growing film and music market at CAGR of 8% during the forecast period
• APAC is expected to grow at a remarkable CAGR by 2027, owing to the rising adoption of several video streaming solutions, such as video on demand and OTT platforms
• The Asia Pacific market for video conferencing is expected to witness a CAGR of over 14.0% through 2030

North America- largest market

APAC- Fastest growing market

The global AI-based B2B audio optimization and production market is competitive, with a multitude of AI-based start-ups and established companies

​

Dolby has established its leadership in the global B2B AI-based audio optimization and production market, but the industry remains a bit fragmented and risks of new entrants in the market is moderate, with the emergence of AI-based noise reduction and audio optimization start-ups post 2015.

​

The audio optimization and production market is characterized by rapid technological advancements, with new innovations emerging every day. The continuous evolution of AI technology is intensifying the level of competition in the industry.

​

• For instance, Agora, which is a prominent player in the audio optimization and production market, launches AI Noise Suppression and 3D Spatial Audio in February 2023

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

12

12

Personal - Individual Use

Executive Summary: Competitive Landscape (1/2)

Revenue - AI audio (%)

Insights

~10.0

~35%

~45.0

~40%

~3.0

100%

~2.5

~100%

• Headquartered in Silicon Valley; however, it mostly operates through its Indian office
• Growing moderately, partnered with Syntiant and Knowles for AI Noise Suppression technology and Huawei is among its clientele
• Noise cancellation technology is integrated into its other product, Speaker ID, offering identification and authentication capabilities
• North America and APAC is the biggest market accounts for around ~85% of its revenue

YoY Growth

2020 – 2022

15%

• Well-known brand, experiencing significant growth, featured in Forbes and CCW
• Integrated with popular communication applications including Zoom, Microsoft Teams, and Skype
• Started focusing on B2B in the end of 2019, enterprise customer grew at 23x in 2020 and currently have 2,000 enterprise customers
• North America accounts for ~60% of its total revenue, followed by APAC (20%)

2021 – 2022

~110%

• Israeli startup, focusing on the US, Spanish, British, German, Italian, and French markets
• In April 2023 joined Triple G’s accelerator program
• Initially focused on sports broadcasting but then entered in podcasting and content creators vertical
• Focusing on influencer marketing, inviting musician in its office
• Insoundz has been ranked in 18th in the “startups that are best to work in up to 100”

• Rapidly growing Swiss startup, focusing lot on technology in just 2 years launched 4 technologies
• Most popular stem in its tool is vocals, around 73% uses vocal stem
• Active user grew at ~150%, from 476k in 2021 to 1.2 million in 2022
• Strong hold in content creator community but limited B2B customer segment
• Europe is largest market, accounts for ~45%, followed by US & Israel

2,000%, according to TechCrunch

NA

Total revenue

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

(US$ million)

13

13

Personal - Individual Use

Executive Summary: Competitive Landscape (2/2)

Revenue - AI audio (%)

Insights

YoY Growth

Total revenue

~4.0

~0.5

~160.7

~1,253.0

• Recently launched AI audio enhancement in June 2023, offers application-specific IP and ML chips solutions
• World’s 10 Most Revolutionary Semiconductor Companies-2022 by IndustryWired
• Reliance on a few key customers, mainly has three high paying customers - two chip vendors and a large mobile OEM
• In 2022, it partnered with Weikeng Technology for the distribution in Singapore

NA

• Small startup based in Kanas City, Missouri
• Mostly B2C and has 25,000+ users' base and do have business solution and pricing strategy
• Mostly get users from referral marketing
• At first glance the company's website is interactive

2021 – 2022

~10%

• Well-known global real-time engagement platform, recently in February 2023, launched AI noise suppression
• During COVID, its revenue skyrocket but booking loss since 2020, in 2021 the company has booked $120 million loss
• US and China are biggest market , accounting for ~70% of its total revenue
• Top ten customers accounted for approximately 21.5% of its revenues

• Global leading technology company with strong track record of technological innovation and developing advanced audio and video technologies
• Profitable and demonstrating strong operational performance
• The company's licensing model is effective and successful, accounts for 93% of its total revenue
• US is the biggest market, accounts for 37%, followed by China (20%), South Korea (13%)

NA

Entered market in 2023

~100%

Entered market in 2023

Licensing: 93%

Product & services

Click on the logo to navigate to the company profile

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

2020 – 2022

~26%

14

14

Personal - Individual Use

Executive Summary: Service Offering & Deployment/Delivery Mapping

Click on the company name to navigate to the product portfolio page

Service offerings

Deployment/delivery

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

Service offerings

Deployment/delivery

Service offerings

Deployment/delivery

Service offerings

Deployment/delivery

Service offerings

Deployment/delivery

15

15

Personal - Individual Use

Executive Summary: Competitors’ Positioning Matrix (1/2)

Operational capabilities (HQ, Offices, employee count, geographical presence, ownership status, and overall performance)

High

Service capabilities (Service offerings, features, revenue, and technology)

Low

High

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

16

16

Personal - Individual Use

Executive Summary: Competitors’ Positioning Matrix (2/2)

• Leaders: Suppliers that hold a dominant position in the market through their extensive product/service portfolio and robust operational capabilities. These suppliers are the most suitable for engagement since they meet most of the requirements
• Contenders: Suppliers that have a strong competitive foothold in the market. However, they lag leaders in terms of functional service capabilities and hence, are moderately preferred for engagement
• Niche: Suppliers that score less across different operational and functional capability parameters

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

17

17

Personal - Individual Use

The noise cancellation software market is growing rapidly, and there are a number of different companies offering different pricing plans. Some of the most common pricing models include monthly subscription plans, freemium plans, and pay-as-you-go plans.

• Freemium plans are common pricing model for AI audio companies. These plans offer a limited set of features for free, and users can upgrade to a paid plan to unlock more features

​

Krisp | LALAL.AI | Audo Studio | Agora | Dolby

​

​

• Monthly subscription plans are also the most common pricing model for AI audio companies. These plans typically offer a set of features for a fixed monthly fee

​

Krisp | Insoundz | Dolby

​

​

• Pay-as-you-go plans pricing model is mostly used by big companies such as Dolby and Agora. These plans allow users to pay for the software only when they use it. Pay-as-you-go plans can be a good option for businesses and other large organizations that only need to use the software occasionally

​

Krisp | LALAL.AI | Audo Studio | Agora | Dolby

​

​

• Volume discounts are also becoming more common for noise cancellation software. These discounts are offered to businesses and other large organizations that purchase a large number of licenses

�Krisp | LALAL.AI | Audo Studio | Agora

​

Executive Summary: Competitors’ Pricing Insights (1/3)

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

18

18

Personal - Individual Use

Click on the logo to navigate to the pricing page

Executive Summary: Competitors’ Pricing Summary (2/3)

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

19

19

Personal - Individual Use

Click on the logo to navigate to the pricing page

Executive Summary: Competitors’ Pricing Summary (3/3)

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

20

20

Personal - Individual Use

Strategic Framework Assessment

04

​

Framework covered:

• PESTLE Analysis
• Porter’s Five Forces Analysis

​

Personal - Individual Use

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

PESTLE Analysis (1/2)

22

22

Personal - Individual Use

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

PESTLE Analysis (2/2)

23

23

Personal - Individual Use

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

Porter’s Five Forces Analysis

24

24

Personal - Individual Use

05

Market Intelligence

Sections covered:

• Market Dynamics
• End user/target Market Growth

Personal - Individual Use

Overall economic growth and stability have a significant impact on the audio optimization and production market. During periods of economic expansion, businesses and individuals have more disposable income to invest in audio production services, leading to increased demand. Conversely, during economic downturns, there may be a reduction in spending on non-essential services, affecting the market.

• According to PwC, the world economy could more than double in size by 2050, far outstripping population growth, due to continued technology-driven productivity improvements. global growth projections to 2050 for 32 of the largest economies in the world, accounting for around 85% of world GDP. Six of the seven largest economies in the world are projected to be emerging economies in 2050, led by China (1st), India (2nd), and Indonesia (4th)

Share of Global GDP - Global

• According to the World Bank, global economic growth is expected to slow to 2.2% per year through 2030, from an average of 2.6% per year in the past decade. The overlapping crises of the past few years, including the COVID-19 pandemic and Russia's invasion of Ukraine, had ended nearly three decades of sustained economic growth, adding to building worries about slowing productivity, which is essential for income growth and higher wages

​

• Despite these challenges, there are some bright spots in the global economy. For example, China is expected to continue to grow at a rapid pace, and India is expected to become the world's third-largest economy by 2030. Additionally, the digital economy is expected to continue to grow, which could create new opportunities for economic growth

PwC projected Global GDP ranking – 2050

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

Market Dynamics (1/3)

Global Economic Growth Overview

26

26

Personal - Individual Use

Rising expectations for audio quality: The global B2B AI-based audio optimization and production market is driven by the growing demand for high-quality audio in various applications, such as live events, broadcasting, music, podcasts, virtual meetings, and video streaming, all of which require high-quality audio to deliver immersive and engaging experiences.

​

​

​

• According to "The State of Sound Report 2022" by Qualcomm, consumer sentiment towards audio reveals that over 70% of consumers value audio quality and recognize the positive impact it has on their well-being.

Growing digital content consumption: The increasing consumption of digital content, including broadcasting, film and music, video streaming, and podcasts, is one of the key drivers for the B2B AI-based audio optimization and production market. As more content is created, the need for audio enhancement and production services is expected to grow.

Growing live events market: The live events market is a rapidly growing industry owing to the increasing popularity of live entertainment, the rise of social media, and the growing demand for experiential marketing. Music events are the largest segment of the live event market, accounting for more than 40% of total live event market revenue. Sporting events are the second-largest segment, followed by theater events.

Increasing virtual meetings/conferences: The increasing prevalence of virtual meetings and conferences is driving the demand for AI-based B2B audio enhancement in the market. High-quality audio is essential for effective remote communication and engagement. Businesses are recognizing the importance of investing in audio enhancement solutions to ensure seamless virtual experiences. The demand for advanced audio technologies that optimize sound quality and reduce background noise is on the rise. The audio enhancement market is expected to grow as businesses prioritize delivering professional and immersive virtual meetings.

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

Market Dynamics (2/3)

Market Drivers and Trends

27

27

Personal - Individual Use

Rising adoption of AI and ML: The adoption of AI and ML has been on the rise across various industries in recent years, including audio enhancement. Businesses are trusting and relying on AI and ML-based solutions to improve efficiency and performance.

​

• The rapid progress in AI research and computational power has facilitated the development of sophisticated audio enhancement algorithms. As AI continues to advance, the demand for AI and ML technology in audio enhancement is expected to grow in audio enhancement

​

• AI and ML are utilized to develop innovative audio optimization and production solutions, improving audio quality and personalizing sound profiles.

​

• These technologies enhance audio clarity and fidelity, and reduce noise, delivering superior audio experiences to users
• AI and ML technologies are also being used to develop new audio compression algorithms that can reduce the file size of audio files without compromising on the quality of the audio

Global artificial intelligence market size 2021-2030

Market Challenges

The challenges in AI-based B2B audio enhancement are twofold - Intense competition and continuous technological evolution:

​

• The industry faces fierce competition, with a significant increase in startups entering the market since 2015

​

• Moreover, AI and ML technologies continue to evolve rapidly, so to remain competitive in the market, companies need to continuously update their technology and invest in R&D efforts to ensure they stay up to date with the latest advancements and can effectively innovate and differentiate themselves in the dynamic AI-based audio enhancement landscape.

Source: Statista

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

Market Dynamics (3/3)

Market Drivers and Trends

28

28

Personal - Individual Use

Podcast listeners – Global (in millions)

Global podcasting market size (in US$ billion)

CAGR: 27.6% 

North America is the biggest market, with a revenue share of ~39%. The US accounts for ~91%.

Latin America is anticipated to grow at the highest CAGR of more than 37.0% by 2023.

Fastest growing podcasting countries are Chile, Argentina, Peru, Mexico, and China

Source: Demandsage

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

End-user/Target Market Growth (1/9)

Podcasts Market (1/2)

Top 5 podcast hosting platforms among podcasters - Survey

29

29

Personal - Individual Use

Top 5 popular mic brands among podcasters

Top 5 popular mics among podcasters

Source: The Podcast Survey

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

End-user/Target Market Growth (2/9)

Podcasts Market (2/2)

The Podcast Survey Data

Others includes Logitech, MXL, Behringer, Sennheiser, Heil, Electro Voice, Fifine, Neumann, AKG, Tascam, Neewer

30

30

Personal - Individual Use

Source: Research and Markets

Film and music market growth – Global (in billion)

CAGR: ~10% 

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

End-user/Target Market Growth (3/9)

Film and Music Market

Post production market growth – Global (in billion)

CAGR: 8.5% 

In post production, VFX, 2D-3D, and audio processing dominates the market. Based on application, Television, Film and music, and commercials are the largest end users.

​

Post-production is relatively the most expensive for the smallest films, with post-production for films over $5m typically being around 7% to 9% of the total budget.

​

Furthermore, North America is the largest market, account for 35% of the global post production market.

31

31

Personal - Individual Use

Gartner predicts that global semiconductor revenue will decline by 11.2% in 2023, to $532 billion. This is due to a number of factors, including weak end-market demand, oversupply of chips, and rising prices. However, the market is expected to rebound in 2024, with revenue increasing by 18.5%.

​

Furthermore, AI Audio and Video Chip Market is expected to Exhibit a Massive CAGR of 36% by 2030.

​

The PC, tablet, and smartphone semiconductor markets are stagnating, and will represent only 31% of semiconductor revenue in 2023. In contrast, the automotive and industrial, military/civil aerospace semiconductor markets are expected to grow. The automotive semiconductor market is forecast to grow 13.8%, reaching $76.9 billion in 2023.

​

Semiconductor industry market growth – Global (in billion)

Source: Gartner & A2Z Market Research

Regional insights

Asian Semiconductor market is valued US$289.9 in 2022 and is projected exhibit heighted market share

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

End-user/Target Market Growth (4/9)

Semiconductor Market

32

32

Personal - Individual Use

Semiconductor industry market growth – Global (in billion)

Source: Gartner

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

End-user/Target Market Growth (5/9)

Metaverse Market

CAGR: `40% 

The growth of the metaverse market is driven by the increasing demand for virtual reality (VR), augmented reality (AR), and mixed reality (MR) in the media and entertainment, gaming, and adjacent markets. Nearly 35–40% of the revenue would be driven by hardware aspects such as VR headsets, sensors and computing systems

​

The key technology drivers for the metaverse include artificial intelligence (AI), low/no-code platforms, blockchain, cybernetics, 5G and edge computing, digital identity models, community and power platforms, and virtual reality (VR).

​

The software segment is expected to contribute majorly to the metaverse market during the forecast period. The software segment includes extended reality software, gaming engine, 3D mapping, modeling & reconstruction, metaverse platform, and financial platform. The hardware segment is projected to witness a higher growth rate during the forecast period.

The North America region is expected to dominate the metaverse market during the forecast period. The growth of the metaverse market in North America is driven by the increasing adoption of VR and AR technologies in the gaming, media and entertainment, and healthcare industries.

Regional insights

33

33

Personal - Individual Use

Virtual Meetings/Conference market growth – Global (in billion)

CAGR: ~12% 

Source: Emailtooltester

Top video call platforms market share – Global (%)

Source: Fortune Business Partner

Regional insights

Video call app market share by country -2022

Top video call platforms market share by country (%)

Source: Fortune Business Partner

The Asia-Pacific market for video conferencing is expected to witness a CAGR of over 14.0% through 2030.

Source: Emailtooltester

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

End-user/Target Market Growth (6/9)

Virtual Meetings/Conference Market

34

34

Personal - Individual Use

Event Market

Event industry market growth– Global (in US$ billion)

CAGR: ~11% 

Source: The Insights Partner

The North American live event market is the largest in the world, followed by Europe and Asia Pacific. The North American market is driven by the high disposable income of consumers, the growing popularity of live music, and the increasing number of corporate events.

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

End-user/Target Market Growth (7/9)

Professional audio equipment market growth– Global (in US$ billion)

CAGR: `6% 

Professional audio equipment refers to the tools and gear used by audio engineers, sound technicians, and musicians for recording, mixing, and live sound reinforcement.

​

It includes a wide range of devices, such as microphones, mixers, digital audio workstations, amplifiers, speakers, and signal processors.

​

Furthermore, the microphones segment dominated the market, in terms of revenue, and will acquire a major market share by 2031.

35

35

Personal - Individual Use

Source: Statista

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

End-user/Target Market Growth (8/9)

Video Streaming Market

Video Streaming (SVoD) growth– Global

36

36

Personal - Individual Use

Broadcasting market growth – Global (in billion)

CAGR: ~3% 

Source: GMI Insights

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

End-user/Target Market Growth (9/9)

Broadcasting Market

Call centers market– Global (in US$ billion)

• The Call centers market in the US. is estimated at US$134.9 Billion in the year 2022
• China is forecast to reach a projected market size of US$128.6 Billion by the year 2030 trailing a CAGR of 5.6% by 2030
• Japan and Canada, each forecast to grow at 5.5% and 4.4% respectively over the 2022-2030 period
• Within Europe, Germany is forecast to grow at approximately 4.6% CAGR

Call Centers Market

Source: PR Newswire

37

37

Personal - Individual Use

Competitive Intelligence

06

​

Companies profiled:

• Meeami Technologies
• Krisp Technologies
• Insoundz
• LALAL.AI
• Audio Studio
• Agora
• AONDevices
• Dolby

Personal - Individual Use

Business description

• Meeami Technologies operates in the field of Audio AI, specializing in capturing audio from far-field sources, cleaning audio through noise cancellation, and enhancing audio with bandwidth extension technologies
• Meeami is a spin-off of the media processing and real-time communications group of Imagination Technologies, which is the recognized leader in IP communications and IoT technology platforms for voice, video, and messaging applications
• It has over 75+ patents granted and pending in the Audio AI and analytics technologies
• The company is headquartered in Silicon Valley; however, it mostly operates through its office in India

Target customers/use cases

Meeami Technologies, for its noise suppression solutions, targeting customers in various industries, which are as follows:

​

• Conferencing Apps and Sales Dialers
• Meeting Room Devices
• Automotive
• Consumer Electronics
• Call Centers

Hyderabad, India

Headquarters

Office

Clientele

Geographical presence

Meeami Technologies: Company Overview

California, US

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

39

39

Personal - Individual Use

Recent news/updates

Partnerships

Product/solution name: Far Field Enhancement

Platform: Mesh Wi-Fi Router

Product/solution name: VoIP Codecs

Platform: IMX chipset

Product/solution name: AI Noise Suppression, Far Field Enhancement, DoA, Speaker ID

Platform: NDP 120

Product/solution name: AI Noise suppression

Platform: Knowles IA 8201 chipset

In February 2022, Meeami Technologies launched an AI-based noise cancellation solution with a small AI footprint, specifically designed for headphones and smart home devices.

​

• The embedded AI solution offered by Meeami requires an average CPU consumption of less than 50–100 MHz, with a compact model size of approximately 1 MB for all noise types. For specific use cases or reduced noise types, Meeami can provide even smaller AI model sizes, as low as 500 KB, to accommodate current chipsets

​

• Pankaj Joshi, the Head of Product at Meeami Technologies, expressed enthusiasm about the low-footprint AI solution, stating, "We are delighted to announce a cutting-edge AI solution that offers noise cancellation capabilities for multiple use cases. By partnering with leading audio chip companies, we aim to provide a single-chip, cost-effective noise cancellation solution for a variety of devices."

Meeami Technologies: Partnership and Recent News/Updates

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

40

40

Personal - Individual Use

Meeami Technologies: Product Overview

ClearVoice Noise Cancellation Technology

• Meeami's AI-based Super Wide Band noise suppression technology offers high-performance noise suppression with low power consumption

​

• It suppresses stationary and dynamic background noises and enhances the speech for better perceived intelligibility and quality

​

• It is specifically designed for edge devices like laptops, mobiles, automotive systems, and wearables Additionally, the technology is optimized for embedded devices such as DSP mixers used in meeting rooms

​

• Meeami offers an advanced AI-based deep learning Speaker ID technology integrated with its noise cancellation product. This combined solution provides unique identification and authentication capabilities for various applications, including phone lock/unlock, user login, multi-factor authentication, and fraud detection for activities such as e-commerce purchases, bank transactions, and ATM cash withdrawals

​

• Available as a floating license supporting Windows 10 and MacOS

​

​

ClearVoice Interface

Product in focus

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

41

41

Personal - Individual Use

​

​

​

• Leverages AI, deep learning and voice signal processing algorithms

​

• Meeami's MVNS technology combines the power of AI and DSP, enabling real-time noise suppression and speech enhancement for a wide range of applications

​

• The Meeami Voice Noise Suppression (MVNS) system operates on a frame-by-frame basis, with a frame size of 16ms. Each frame's input PCM signal is transformed into a high-dimensional feature vector, which is then analyzed to estimate the appropriate mask or gain. This estimated mask or gain is applied to the input features, effectively separating speech features from background noise. Finally, the processed features are converted back to PCM format using a linear decoder

​

• Performance
• Algorithmic Delay: 40 milliseconds.
• Avg. POLQA: 3.45 (250 Test vectors – 50 Noises X 5 SNRs)

​

Datasheet

Click on the button to access the datasheet

Overview of technology

Meeami Technologies: Technology Overview

Super Wide Band Noise suppression technology

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

42

42

Personal - Individual Use

​

​

• Demo: Meeami Technologies offers a free demo for ClearVoice, allowing customers to experience the technology before making a purchase decision

​

​

• Floating license scheme: Meeami Technologies offers a floating license scheme for ClearVoice, which means that a single license can be used on multiple devices. This helps contact centers to optimize their costs and plan for seasonality

​

​

• Add-on services:
• Training on how to use the technology
• Customization of the technology to meet the specific needs of the contact center
• Support for the technology

• Pricing based on the number of agents: The pricing for ClearVoice is based on the number of agents using the technology. 

Note: Prices may vary from customer to customer and project requirements

Pricing strategy

Meeami Technologies: Pricing Strategy

Pricing Strategy - Meeami Technologies' Clearvoice Noise Cancellation Technology

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

43

43

Personal - Individual Use

AI-based audio optimization and production market

<5%

• According to Ministry of Corporate Affairs (MCA), India, Meeami's authorized share capital is US$1,200 ( ₹1.00 Lakhs ) and its paid-up capital is also US$1,200 ( ₹1.00 Lakhs)
• The company's revenue has increased by an average of 20% over the past five years

Global revenue growth by year (US$ million)

Key insights

Revenue by product - 2022

Revenue by region - 2022

Market share (%) - 2022

Meeami Technologies: Financial Analysis

Net profit

Revenue

YoY

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

Global revenue in 2022: 10.0

(US$ million)

​

Global revenue in 2022: 10.0

(US$ million)

​

44

44

Personal - Individual Use

Meeami Technologies: SWOT Analysis

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

45

45

Personal - Individual Use

Business description

• Krisp is a California based company that develops AI-powered noise cancellation software
• The company was founded in 2017 by Arto Bendiken and Davit Gokhman
• Krisp's flagship product, Krisp, is a software application that can be used to remove background noise from audio recordings and live calls

​

Target customers/use cases

Krisp Technologies for its AI audio solutions, targeting two customers segments, which are as follows:

​

• Enterprises
• Contact centers (Financial Sector, Construction and Real Estate, Hospitality, Retail)

Krisp's target market is businesses and individuals who use communication platforms such as Zoom, Skype, and Google Meet. These platforms are used by millions of people around the world.

California, US

Clientele

Geographical presence

Krisp Technologies: Company Overview

Krisp boasts an extensive and diverse customer portfolio, the company claims that more than 2,000 businesses use Krisp , below are some the clients. Please click here to access the exhaustive list of its customers

Yerevan, Armenia

Headquarters

Office

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

46

46

Personal - Individual Use

Recent news/updates

Upcoming events

Krisp announced that they are participating in the CCW Las Vegas - Premier Customer Contact Event, which is a four day tradeshow in Las Vegas.

• In June 2023, Krisp Technologies announced that they are going to be featured in Microsoft's announcement of AI integration in the Microsoft Store, allowing Microsoft customers to access Krisp's Voice Productivity AI directly through the AI Hub for enhanced communication and productivity

​

• In May 2023, Krisp’s co-founders, Davit Baghdasaryan and Arto Minasyan invited to NASDAQ MarketSite at Times Square for a talkshow about the future of Krisp

​

• In May 2023, Krisp has been named a Disruptor of the Year Finalist for the 2023 CCW Excellence Awards

​

• In Feb 2023, Krisp was featured in Forber's article in a list of "mind-blowing AI tools”

​

• In Nov 2022, Krisp has appointed Jake Braly as a Chief Marketing Officer

Krisp Technologies: Upcoming Events and Recent News/Updates

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

47

47

Personal - Individual Use

Krisp Technologies: Product and Technology Overview

AI Voice Clarity

• Krisp offers
• Background voice cancellation
• Noise cancellation (bi-directional)
• Echo cancellation

​

• It utilizes AI algorithms to eliminate background noise, echo, and other audio distortions, resulting in improved voice clarity and intelligibility

​

• It integrates with popular communication applications like Zoom, Microsoft Teams, Skype, and others, allowing users to have clearer audio during their calls or meetings

​

AI Voice Clarity

Product in focus

Technology

• Krisp uses AI, DNN, and advanced signal processing techniques to achieve its noise cancellation capabilities. The DNN is collectively trained on 10K+ hours of human voice and background noise. It captures the audio from the user's microphone, applies noise reduction algorithms, and then sends the cleaned-up audio to the communication application or recording software

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

48

48

Personal - Individual Use

Krisp AI Voice Clarity and Meeting Assistant

​

​

Note: Prices may vary from customer to customer and project requirements

Pricing strategy

Krisp Technologies: Pricing Strategy

• Krisp Technologies offered a pricing strategy based on a freemium model, with both free and paid subscription options.

​

• The company has designed its pricing strategy to meet the needs of businesses of all sizes.

​

• Free plan: 60 minutes of noise cancellation per day, unlimited transcriptions, and two meeting notes per day.

​

• Pro plan: Unlimited noise cancellation features and is priced at $12 per month

​

• Enterprise plan: The enterprise plan is available to businesses. It includes features such as unlimited noise cancellation, priority support, and custom pricing

Monthly Billing

Krisp offer 33% off, if customers choose yearly billing option

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

49

49

Personal - Individual Use

• The company claims that they are eliminating over 75 billion minutes of background noise monthly 

​

• Krisp experienced a significant shift in revenue dynamics, transitioning from primarily B2C to focusing on B2B and onboarding enterprise customers starting in December 2019

​

• Between 2019 and 2020, Krisp experienced significant growth, transitioning from serving 0 to serving 600 paying enterprises and soaring from $0 to $4 million in annual recurring revenue

​

• In 2020, Krisp experienced a significant surge:

​

​

​

​

​

​

• By March 2020, their largest customer, a prominent tech giant, had adopted 2,000 Krisp licenses, solidifying Krisp's presence in the enterprise market

​

• Krisp Technologies has successfully raised funding through four rounds, accumulating a total funding amount of $17.5 million to support its growth and innovation in the noise-cancellation software industry

Key insights

Krisp Technologies: Financial Analysis (1/2)

Enterprise customers growth

Funding Rounds

20x

Active users

23x

Enterprise accounts

13x

Annual recurring revenue

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

50

50

Personal - Individual Use

AI-based audio optimization and production market

<10%

Financial stats

Revenue by product - 2022

Revenue by region - 2022

Market share (%) - 2022

Krisp Technologies: Financial Analysis (2/2)

• Krisp’s historical revenues and growth rate is not available in the secondary and is difficult to estimate as there no response from primary on the revenue part. However, according to TechCrunch article, Krisp revenue has been growing by more than 2,000% year over year

​

• According to Dealroom, the company has raised $17.5 million in funding to date, and it was valued at $36–$54 million in February 2021. This indicates that the company is generating significant revenue and is profitable

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

Global revenue in 2022: 45.0

(US$ million)

​

Global revenue in 2022: 45.0

(US$ million)

​

51

51

Personal - Individual Use

​

​

Marketing channels distribution

Krisp Technologies: Marketing Channels Distribution

Direct: The percent of direct traffic to the analyzed website on desktop

Referrals: The percent of traffic to the analyzed website from referring websites on desktop

Organic search: The percent of traffic to the analyzed website from organic search on desktop

Paid search: The percent of traffic to the analyzed website from paid search on desktop

Social: The percent of traffic to the analyzed website from social media networks on desktop

Mail: The percent of traffic to the analyzed website from email on desktop

Display: The percent of traffic to the analyzed website from display advertising on desktop

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

Direct

Referrals

Organic

search

Paid

search

Social

Mail

Display

52

52

Personal - Individual Use

Krisp Technologies: SWOT Analysis

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

53

53

Personal - Individual Use

Business description

• Insoundz operates in the AI-powered audio enhancement technology industry. Insoundz is focused on reinventing the way audio professionals produce and use sound to drive insights through next-generation content and engagement
• The company's flagship product is the Insoundz API, which allows developers to add noise cancellation, reverb removal, and other audio enhancements to their applications
• The company was founded by Emil Winebrand, Guy Etgar, and Tomer Goshen
• It has 17 audio technology patents granted

Target customers/use cases

The company for its Insoundz API, targeting mainly three customers segments, which are as follows:

​

• Podcast
• Broadcasting
• Creators (Video editing)

Tel Aviv, Israel

Geographical presence

Insoundz: Company Overview

Clientele

Headquarters/office

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

54

54

Personal - Individual Use

Recent news/updates

Partnerships

In April 2023, Insoundz announced partnership with Triple G Ventures, which is the global business and growth accelerator and consultancy company for rising brands/startups

• In May 2023, Insoundz hosted musician and producer Izhar Ashdot in their HQ in Israel and demonstrated their AI-powered audio enhancement technology

​

• In April 2023, the company has launched it new website

​

• Insoundz has been ranked in 18^th in the “startups that are best to work in up to 100 employees – 2022 ” published by Dun & Bradstreet

​

• In April 2022, Insoundz appoints Ayelet Senderovits Shapiro as VP of Human Resource

​

​

Insoundz: Partnership and Recent News/Updates

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

55

55

Personal - Individual Use

Insoundz: Product and Technology Overview

Insoundz API

• Insoundz API offers
• Regenerates sound (AI-powered audio regeneration separates speakers from environmental elements, producing clear audio)
• Background voice cancellation
• Eliminates reverberation

​

• Delivery platforms/modes: Cloud based API

​

• Dropbox integration: User can upload audio files to a designated Dropbox folder and receive them back with enhanced quality

​

• Provides admin dashboard to control and monitor API usage and team access

Insoundz API Dashboard and documentation

Product in focus

Technology

Insoundz uses a variety of technologies to provide its audio technology solutions. These technologies include:

​

• Cloud computing: Insoundz uses cloud computing to host its audio recording and editing software, audio streaming and distribution services, and audio analytics and marketing tools

​

• AI and ML: Insoundz uses AI and ML to power its audio editing technology

​

​

• Natural language processing: Insoundz uses natural language processing to power its audio technology

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

56

56

Personal - Individual Use

Insoundz API

​

​

Note: Prices may vary from customer to customer and project requirements

Pricing strategy

Insoundz: Pricing Strategy

• Insoundz only offers a subscription-based pricing model for its audio enhancement technology.

​

• The company offers demo sessions as trial but do not offer any free services

​

• They offer three different subscription plans , which are as follows:

​

• PRO: The PRO plan costs $799 per month and offers 320 monthly hours of enhanced audio

​

• ENTERPRISE: The ENTERPRISE plan costs $1,199 per month and offers 600 monthly hours of enhanced audio

​

• CUSTOM: The ENTERPRISE plan offers custom price based on project requirements and offers 2,000 monthly hours of enhanced audio

Monthly Billing

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

57

57

Personal - Individual Use

AI-based audio optimization and production market

• Insoundz is a global company with a focus on the US and European markets. In Europe, they primarily focus on the Spanish, British, German, Italian, and French markets

Key insights

Revenue by product - 2022

Revenue by region - 2022

Market share (%) - 2022

Insoundz: Financial Analysis

Note: Insoundz only operates in the AI based audio enhancement market, and for that, it offers the Insoundz API.

Insoundz API

<5%

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

Global revenue in 2022: 3.0

(US$ million)

​

Global revenue growth by year (US$ million)

58

58

Personal - Individual Use

Insoundz: Financial Analysis

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

Funding Rounds

59

59

Personal - Individual Use

Insoundz: SWOT Analysis

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

60

60

Personal - Individual Use

Business description

• The legal name of LALAL.AI is OmniSale GmbH. It is a Swiss company founded by Dmitry Orlov

​

• The company specializing in audio processing and AI technology. The platform offered services to separate vocals and music from audio files using advanced machine learning algorithms

​

• LALAL.AI has been featured in a number of publications, including The New York Times, Wired, and Forbes

Target customers/use cases

LALAL.AI targeting mainly three customers segments, which are as follows:

​

• Music and DJs
• Audio engineer
• Content creators
• Vocalist

Zug, Switzerland

Geographical presence

LALAL.AI: Company Overview

Clientele and reviews

• Vocalist
• karaoke lovers
• Enterprises

Reviews on Product hunt

Clientele

Headquarters/office

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

61

61

Personal - Individual Use

Recent news/updates

LALAL.AI: Upcoming Events and Recent News/Updates

​

• At the end of 2022, the company launched a desktop version of LALAL.AI. The application enabled users to split audio and videos into stems in one convenient place on their Windows, macOS, and Linux computers

​

• In December 2022, LALA.AI added two brand new stems, wind and string instruments, and claims that With this expansion, LALAL.AI becomes the world's first splitter capable of extracting 10 stems

​

• In July of 2022, LALAL.AI introduced Voice Cleaner, a noise cancellation solution that removes background music, mic rumble, vocal plosives, and many other types of extraneous noises from video and audio recordings

​

• In February 2022, the company released Phoenix, which is a state-of-the-art audio source separation technology. Phoenix processes and splits files into stems twice as fast, delivers higher quality vocal extraction, handles backing vocals much more carefully, and produces significantly fewer artifacts

​

Affiliate & referral program

Affiliate Program

• LALAL.AI offers an affiliate program that pays a 30% commission on each purchase. The program is open to anyone who can promote LALAL.AI's services. Affiliates can track their earnings using an affiliate link and cookies. The cookie lifetime is 180 days, and if an affiliate earns less than $150, their balance will roll over and continue to accumulate until the minimum threshold is reached

​

Referral Program

• LALAL.AI offers a referral program that rewards users with free minutes for referring new users to the platform. Referrers receive 5 minutes for each new user that signs up, and the new user receives 10 minutes. The referral program is open to all LALAL.AI users, regardless of their subscription tier

​

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

62

62

Personal - Individual Use

LALAL.AI: Product and Technology Overview (1/2)

Stem Splitter

• LALAL.AI is an AI-powered audio processing service that offers stem separation or stem splitting. Its stem splitting feature has the capability to separate 10 different stems: vocals, instrumentals, drums, bass, acoustic guitar, electric guitar, piano, synthesizer, string instruments, and wind instruments from audio

​

• Stem splitter is based on Phoenix, which has its own state-of-the-art audio source separation technology. The stems are separated using a deep learning model called Phoenix, which is trained on a massive dataset of audio tracks

Product in focus

Voice cleaner

• LALAL.AI's Voice Cleaner is an online service that uses artificial intelligence to remove background music and noise from audio recordings

​

• Voice Cleaner works by first identifying the different components of an audio recording. This includes the vocals, background music, and any other noise. The service then uses a deep learning model to remove the background music and noise, while preserving the vocals

​

Stem Splitter

Voice Cleaner

• Supports English, Chinese, French, German, Italian, Japanese, Korean, and Spanish

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

63

63

Personal - Individual Use

LALAL.AI: Product and Technology Overview (2/2)

LALAL.AI Business Solution

• It allows its users to integrate its music source separation algorithm into an application or website for vocal and instrumental stem splitting

​

• Dedicated support manager and tech team to optimize the performance and ensure the success of the operation

Product in focus

Delivery platforms/modes

• LALAL.AI offers two delivery methods for its stem separation and voice cleaning services:

​

• Web app: This is the default delivery method. Users can upload their audio files to the web app and then download the processed stems or cleaned audio files
• API: This delivery method allows businesses and/or developers to integrate LALAL.AI's services into their own applications. User can use the API to request stem separation or voice cleaning, and then receive the processed stems or cleaned audio files in a JSON format
• Desktop app: The LALAL.AI desktop app allows users to split audio tracks into individual stems, remove background noise, and identify audio files. The app is available for Windows and macOS

​

• The company is also working to launch VST plugin and mobile app

LALAL.AI Business Solution

Tools

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

64

64

Personal - Individual Use

​

​

Note: Prices may vary from customer to customer and project requirements

Pricing strategy

LALAL.AI: Pricing Strategy (1/2)

• LALAL.AI allows users to try its service for free as a Demo. Then the user needs to upgrade to process more files and get results faster

​

• The starter pack is only available for individual use

​

• The Starter Pack plans all have the same features and input/output formats, but the number of minutes allowed per month varies. The prices are also set based on the number of minutes allowed

Standard pack – For individual use

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

65

65

Personal - Individual Use

​

​

Note: Prices may vary from customer to customer and project requirements

Pricing strategy

LALAL.AI: Pricing Strategy (2/2)

• High volume pack is only available only for individual and business use

​

• The high-volume plans all have the same features and input/output formats, but the number of minutes allowed per month varies. The prices are also set based on the number of minutes allowed

Standard pack – For individual and business use

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

66

66

Personal - Individual Use

Key events

LALAL.AI: Financial Analysis (1/2)

Key Statistics

• In 2020, started by launching Rocknet, which is a neural network trained on 20 TB of data for extracting instrumentals and voice tracks from songs

​

• Launched, Cassiopeia in 2021, a superior version of Rocknet with improved splitting results and fewer audio artifacts

​

• Expanded Cassiopeia in the same year to include instrument extraction for drums, bass, acoustic guitar, electric guitar, piano, and synthesizer

​

• Expanded its reach by offering translations in seven additional languages: Chinese, French, German, Italian, Japanese, Korean, and Spanish

​

• Released Phoenix in 2022, a state-of-the-art audio source separation technology with two new stems: wind and string instruments

​

• Introduced Voice Cleaner in July 2022, a noise cancellation solution that removes background music, mic rumble, and other extraneous noises from audio and video recordings

​

• Added business solutions in 2022, allowing integration of LALAL.AI's stem-splitting technology via API for websites, services, and applications

​

• Three most popular stems in 2022:

73%

Vocals

11%

Drums

6%

Voice

% of the total number of splits

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

67

67

Personal - Individual Use

AI-based audio optimization and production market

Global revenue growth by year (US$ million)

Revenue by product - 2022

Revenue by region - 2022

Market share (%) - 2022

LALAL.AI: Financial Analysis (2/2)

<5%

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

Global revenue in 2022: 2.5

(US$ million)

​

Global revenue in 2022: 2.5

(US$ million)

​

68

68

Personal - Individual Use

​

​

Marketing channels distribution

LALAL.AI: Marketing Channels Distribution

Direct: The percent of direct traffic to the analyzed website on desktop

Referrals: The percent of traffic to the analyzed website from referring websites on desktop

Organic search: The percent of traffic to the analyzed website from organic search on desktop

Paid search: The percent of traffic to the analyzed website from paid search on desktop

Social: The percent of traffic to the analyzed website from social media networks on desktop

Mail: The percent of traffic to the analyzed website from email on desktop

Display: The percent of traffic to the analyzed website from display advertising on desktop

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

Direct

Referrals

Organic

search

Paid

search

Social

Mail

Display

69

69

Personal - Individual Use

LALAL.AI: SWOT Analysis

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

70

70

Personal - Individual Use

Business description

• AONDevices, Inc. is a semiconductor company based in Irvine, California, that specializes in developing application-specific, high-accuracy, super low-power edge AI processors, algorithms, and solutions
• The company was founded by Mouna Elkhatib
• AON’s cutting-edge technology offers hassle-free ways to control devices, including wearables, hearables, and smart home devices
• Its technology is based on a combination of deep learning and advanced DSP

Target customers/use cases

AONDevices, for its noise suppression solutions, targeting customers in various industries, which are as follows:

​

• Hearing Aids
• Wireless Earbuds
• Smartphones
• Podcasting

Clientele

Geographical presence

AONDevices: Company Overview

• AONdevices claims that its technology and solutions is being licensed and used by tier-1 customer

Headquarters/office

California, US

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

71

71

Personal - Individual Use

Recent news/updates

AONDevices: Recent News/Updates and Pricing Strategy

​

• In 2022, AONDevices was recognized by IndustryWired as one of the World’s 10 Most Revolutionary Semiconductor Companies – 2022

​

• In June 2023, AONDevices introduced Breakthrough Super Low-Power, Low-Latency, Customizable Edge AI Speech Enhancement

​

• In Feb 2022, AONDevices signed a contract with Weikeng Technology Pte Ltd., a Singapore-based services provider of electronic components and subsystems products, for the distribution of its electronic components

• The cost of incorporating AON's System-on-a-Chip (SoC) into products ranges from $1 to $2, depending on the volume

Pricing strategy

Key insights

​

• AON mainly has three paying, high-volume customers — two chip vendors and a large mobile OEM
• Dialog Semiconductor, an American founded UK-Domiciled manufacturer of semiconductor-based system solutions
• Large mobile (unnamed) OEM customer, AON, is licensing its IP to integrate into their own SoC

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

Funding Rounds

72

72

Personal - Individual Use

Product in focus

AONDevices: Product and Technology Overview

• AONDenoise is a compact, efficient edge AI denoising technology that can be coded on chip. It is designed for applications that require minimal power and latency. It is one of the smallest denoising algorithms available, making it an ideal AI speech enhancement for use in hearing aids, wireless earbuds, smartphones, and wearables

AONDenoise™

​

• AONDenoise leverages AI and deep learning neural networks to distinguish human speech from background noise. To maximize the efficiency of this neural network, AONDevices has developed a dedicated software tool suite. This allows both in-house and customer development to customize and train the system to handle specific noise environments or a broader range of noises

​

• The AONDenoise solution has various applications, including:

​

• Hearing Aids: Customizable noise cancellation for improved performance in different environments
• Wireless Earbuds: Optimal audio quality in transparency mode, conversation mode, and voice calls
• Smartphones: Clearer voice quality during calls, especially in outdoor settings
• Podcasting: Crystal-clear audio streaming even in noisy surroundings

• AON offers its edge-AI processor in two forms: as intellectual property (IP) and as a machine-learning chip. The neural-processing ASIC is tightly coupled with a deep-learning algorithm:

​

• Offers AON Chips come with integrated ML optimized algorithms at no extra cost to the customers
• Offers dedicated software tool suite
• Offers fast time-to-market training services with the support of a small dataset

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

73

73

Personal - Individual Use

AONDevices: SWOT Analysis

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

74

74

Personal - Individual Use

Business description

• Audo Studio is a speech enhancement technology company that provides developers and creators with tools to improve the quality of their audio recordings

​

• The company is founded by Matthew Scholefield and Michael Nguyen

​

• The company's flagship product, Audo AI, is a cloud-based platform that uses artificial intelligence to remove background noise, reduce echo, and adjust volume levels

Target customers/use cases

AONDevices, for its noise suppression solutions, targeting customers in various customer segment, which are as follows:

​

• Contact creators
• Developers
• Podcasters

Missouri, US

Clientele

Geographical presence

Audo Studio: Company Overview

Headquarters/office

Sources: Company websites | Industry reports | News articles | Subscribed databases | Internal analysis

75

75

Personal - Individual Use

Audo Studio: Product and Technology Overview

Audo AI

• Audo Studio removes background noise and enhances speech. The key features of Audo Studio are:

​

• Automatic background noise removal: Audo Studio uses state-of-the-art artificial intelligence to automatically remove background noise from audio recordings. This can include noise from traffic, construction, people talking, and other environmental sounds