Automatic Content Recognition Market: By Solution
(Audio, Video and Image Recognition, Voice, Real Time Content Analytics), By
Service (Professional, Managed), End User (IT & Telecommunication,
Healthcare) – Global Forecast till 2023
Automatic Content Recognition (ACR) Market Analysis
The
capabilities of client applications are being developed significantly in the
recent times, due to an increased need of end users to find relevant content
online. As a result, automatic content recognition has emerged as an
identification technology to recognize content present in a media file or
played on media devices. The concept of ACR enables rapid collection of
detailed information about the content without any text-based input or search
efforts. Thus, helping users deal with multimedia more effectively while making
applications more intelligent. The market is anticipated to develop at a CAGR
of 27 percent while achieving USD 4,507 million in revenue through the forecast
period.
Rapid
advances in automation and artificial intelligence have created a substantial
impact on the automatic content recognition market. The market for automatic
content recognition is motivated by a few main factors such as its improved
application in smart TVs, wearables, mobile screens, as well as by
entertainment and media companies for broadcast monitoring and audience
measurement. Moreover, the increased use of technologies such as fingerprinting
or watermarking is backing the market’s growth.
Segmental Analysis
The automatic content recognition market globally is
segmented into end-user application, technology, and region. By Technology, the
market is segmented into speech recognition, passive fingerprinting, and
digital watermarks. The speech recognition segment is dominating the automatic
content recognition market in this segment and is also projected to develop at
the highest rate during the forecast period. By end-use application, the market
is segmented into advertising, industrial, consumer electronics, media &
entertainment, gaming, education, broadcasting industry, and others. The media,
advertising, & entertainment segment is controlling the market as reported
in 2017 and is also anticipated to develop at the highest rate during the
forecast period. By region, the market is segmented into regions such as North
America, Europe, Asia-Pacific, and the Rest of the World.
Regional Analysis
The regional analysis of the market consists of
regions such as North America, Europe, Asia Pacific, and the Rest of the World.
The North American region is leading the automatic content recognition market
trailed by the European, and Asia Pacific region. The North American region is
presently controlling the market for automatic content recognition. The primary
growth in automatic content recognition market in the North American region is
accredited to developments in technology and growing adoption of cloud
technology and the Internet of Things in the region. The US is the principal
country in automatic content recognition market in the region and has produced
a revenue worth USD 248.1 million in 2017.
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Report at: https://www.marketresearchfuture.com/reports/automatic-content-recognition-market-1208
Competitive Analysis
The automatic content recognition market globally is
defined by the incidence of many regional, global, and local vendors. The
market is extremely competitive with all the players contending to capture
market share. Advances in technology, intense competition, and changes in
government policies are important factors that are motivating the market’s
growth. The vendors compete based on quality, cost, reliability, and
aftermarket service. Digimarc Corporation (US), Arcsoft, Inc. (US), Microsoft
Corporation (US), Beatgrid Media B.V. (The Netherlands), Audible Magic Corporation
(US), Clarifai Inc. (US), Enswers, Inc. (South Korea), ACR Cloud (US) and
Shazam Entertainment Ltd. (US).
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