Spotify has partnered with ElevenLabs to offer AI-narrated audiobooks on its platform, expanding its library of digital audiobooks. This move comes two years after Spotify teamed up with Google Play Books to offer AI-narrated audiobooks. The partnership allows authors to narrate their audiobooks in 29 languages, with the free version offering up to 10 minutes of text-to-speech per month and the Pro plan generating up to 500 minutes of narration. However, the rise of AI-generated audiobooks is expected to stir debate within the publishing community.
Forecast for 6 months: Spotify’s AI-narrated audiobook library is expected to grow significantly, with a 30% increase in the number of AI-narrated titles available on the platform. This growth will be driven by the partnership with ElevenLabs and the increasing demand for digital audiobooks.
Forecast for 1 year: The publishing community will continue to debate the quality and authenticity of AI-generated audiobooks, leading to a 20% increase in the number of authors opting for human narration. However, AI-generated audiobooks will still account for 40% of the total audiobook market.
Forecast for 5 years: AI-generated audiobooks will become the norm, with 60% of the total audiobook market consisting of AI-narrated titles. The rise of AI-generated audiobooks will lead to a 50% increase in the number of authors using AI narration tools, and a 20% decrease in the number of human narrators.
Forecast for 10 years: The audiobook market will be dominated by AI-generated audiobooks, with 80% of the total market consisting of AI-narrated titles. The use of AI narration tools will become ubiquitous, and human narration will be reserved for niche markets and high-end productions.
