Automatic Content Recognition Market Growth Forecast 2020-2027
Market Scenario:
The Automatic Content Recognition Market is anticipated to develop at a CAGR of 27 percent
while achieving USD 4,507 million in revenue through the forecast period.
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.
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Competitive Outlook:
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
Segmentation:
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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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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