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Deepgram vs ElevenLabs comparison

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Comparison Buyer's Guide

Executive Summary

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

Deepgram
Ranking in Text-To-Speech Services
4th
Average Rating
8.4
Reviews Sentiment
5.9
Number of Reviews
11
Ranking in other categories
Speech-To-Text Services (1st), AI Customer Support (9th), AI Sales & Marketing (8th), AI Scheduling & Coordination (3rd)
ElevenLabs
Ranking in Text-To-Speech Services
5th
Average Rating
8.0
Reviews Sentiment
7.1
Number of Reviews
2
Ranking in other categories
No ranking in other categories
 

Mindshare comparison

As of November 2026, in the Text-To-Speech Services category, the mindshare of Deepgram is 8.2%, down from 9.5% compared to the previous year. The mindshare of ElevenLabs is 12.0%, up from 8.7% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Text-To-Speech Services Mindshare Distribution
ProductMindshare (%)
Deepgram8.2%
ElevenLabs12.0%
Other79.8%
Text-To-Speech Services
 

Featured Reviews

Mihir Jadhav - PeerSpot reviewer
Software Engineer at Futurescape Technologies
Voice agents have automated support and now handle customer queries with lower latency
Deepgram has a vast UI and a vast range of models, but there could be a simpler version for creating AI agents rather than providing a full-fledged platform for minimal use cases. It could be multilingual, as in India, there are multiple several languages. If it had support for many more languages, especially regional languages, it would be valuable.
Prateek Rao - PeerSpot reviewer
PARTNER & MANAGING DIRECTOR at a financial services firm with 5,001-10,000 employees
AI voiceovers have transformed content workflows and now deliver natural, consistent narration
The standout features for me in ElevenLabs are the instant voice cloning and incredibly natural inflection, which avoids that robotic cadence. The Voice Design tool is also quite good for quickly tweaking stability, clarity, and style to match whatever tone our content needs. The instant voice cloning and the Voice Design tool in ElevenLabs are extremely straightforward for my team to use. Our team got the hang of them almost immediately with practically zero learning curve. The quality has been very consistent across different projects, though we do occasionally regenerate a line and adjust the stability slider if the first take feels slightly off. I wish more people knew about ElevenLabs' AI dubbing and speech-to-speech. Being able to translate content into multiple languages while preserving the original speaker's exact tone, emotion, and cadence is an absolute game-changer. ElevenLabs has positively impacted my organization by cutting our voiceover turnaround time by roughly 70% and significantly lowering our reliance on external voice talent. More importantly, it made updating existing audio files instantaneous. Script revisions no longer stall our production schedules. That 70% reduction has cut our production cycle from nearly two weeks of booking and revisions down to just a couple of days. Cost-wise, we saved several thousand dollars per quarter on freelance voice talent and studio fees, which we've been able to reinvest back into video and design.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"The features that I have been using in the tool have been very stable."
"The recognition of industry-specific terminology phrases and abbreviations is really important for us. We were able to get a good level of industry specificity with Deepgram."
"The speed of the solution for transcribing videos is good."
"Deepgram is able to handle large volumes of audio data without compromising accuracy."
"The solution's most valuable feature is its speed of transcription, as it is one of the fastest tools, especially if you compare it to the second fastest solution that you can get, which is 20 times faster, so it is not just a marginally faster product."
"The ROI has been excellent; the cost is night and day compared to the cost of human transcription, and we're spending maybe a tenth of the cost we would if we were still doing manual transcriptions."
"Deepgram's low latency transcription has greatly impacted my ability to deliver reliable voice agents and provided very good transcription."
"The best thing with Deepgram is they are continually evolving and doing a lot of market research, and they take feedback seriously."
"ElevenLabs has positively impacted my organization by cutting our voiceover turnaround time by roughly 70% and significantly lowering our reliance on external voice talent."
"For organizations considering ElevenLabs, I would say to start as soon as possible because it is a pretty useful platform."
 

Cons

"I would like it to be more accurate."
"The traditional Speech-to-Text doesn't understand when the user is done speaking in bot conversations."
"The area of live transcription could be improved. Sometimes, Deepgram's WebSocket is disposed of due to redundancy."
"Even though Deepgram has many customization options, I wish that Deepgram had voice cloning customization to a much larger extent."
"The solution does not properly identify the number of speakers."
"We haven't seen a return on investment with Deepgram so far; we have been building POCs for the last two years but recently switched to AWS in the last two months due to scalability issues with the pay-as-you-go model."
"When I had an AI interview for coding, Deepgram didn't capture the names of programming languages or well-known LLMs accurately all the time."
"Deepgram is currently restricted to only the English variants, but it should include other languages, such as German or French."
"The main frustration with ElevenLabs is character allowance consumption."
"The workflow section, where I am building the bots, could use enhancements."
 

Pricing and Cost Advice

"Deepgram is a cheap solution."
"The solution’s pricing is cheap."
"When using Deepgram, one needs to pay for the hours or minutes for which the transcription is needed."
"The pricing is moderate."
Information not available
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Top Industries

By visitors reading reviews
Construction Company
9%
Educational Organization
9%
University
9%
Comms Service Provider
9%
Comms Service Provider
13%
Wholesaler/Distributor
11%
Construction Company
9%
Educational Organization
9%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
By reviewers
Company SizeCount
Small Business9
Midsize Enterprise1
Large Enterprise1
No data available
 

Questions from the Community

What is your experience regarding pricing and costs for Deepgram?
My experience with pricing, setup cost, and licensing is that pricing is seamless and customizable as needed. Currently, we use the growth plan. For enterprise, they offer a higher tier, so it is c...
What needs improvement with Deepgram?
Deepgram has a vast UI and a vast range of models, but there could be a simpler version for creating AI agents rather than providing a full-fledged platform for minimal use cases. It could be multi...
What is your primary use case for Deepgram?
My main use case for Deepgram is creating voice agents to automate the customer support part and reply to FAQs and customer queries. Deepgram has multiple models, speech to text and text to speech ...
What needs improvement with ElevenLabs?
The main frustration with ElevenLabs is character allowance consumption. Having to regenerate full paragraphs just to fix a slightly off pronunciation burns through the credits pretty quickly. I wo...
What is your primary use case for ElevenLabs?
My main use case for ElevenLabs is generating high-quality AI voiceovers and voice cloning across our regular content workflows. Recently, we produced a series of short product demo videos where we...
What advice do you have for others considering ElevenLabs?
My advice to others looking into using ElevenLabs is to start with short scripts to dial in your voice stability and clarity settings before committing to full-length audio, so you do not burn thro...
 

Comparisons

 

Overview

Find out what your peers are saying about Deepgram vs. ElevenLabs and other solutions. Updated: September 2026.
920,769 professionals have used our research since 2012.