Automatic Content Recognition Market, Size, Segmentation and Outlook Forecast and Global Research Report to 2027 – Companies
the Automatic Content Recognition Market is expected to grow at a CAGR of 27% while achieving revenue of USD 4,507 million during the forecast period.
The capabilities of client applications have grown significantly in recent times, due to an increased need for end users to find relevant content online. As a result, automatic content recognition has become an identification technology to recognize content present in a media file or played on media devices. The concept of ACR allows rapid collection of detailed content information without any typing or text-based search effort. Thus, helping users manage multimedia more efficiently while making applications smarter.
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The global automatic content recognition market is segmented into end-user application, technology, and region. By technology, the market is segmented into voice recognition, passive fingerprints and digital watermarks. The speech recognition segment dominates the automatic content recognition market in this segment and is also expected to grow 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 and entertainment segment controls the market as shown in 2017 and is also expected to grow at the highest rate during the forecast period. By region, the market is segmented into regions such as North America, Europe, Asia-Pacific, and Rest of the World.
The global automatic content recognition market is defined by the impact of numerous regional, global and local vendors. The market is extremely competitive, with all players vying for market share. Technological advancements, intense competition, and changes in government policies are significant factors driving the growth of the market. Suppliers compete on the basis of quality, cost, reliability and after-sales service. Digimarc Corporation (USA), Arcsoft, Inc. (USA), Microsoft Corporation (USA), Beatgrid Media BV (Netherlands), Audible Magic Corporation (USA), Clarifai Inc. (USA), United States), Enswers, Inc. (South Korea), ACR Cloud (United States) and Shazam
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The regional analysis of the market includes regions such as North America, Europe, Asia-Pacific, and Rest of the World. The North America region leads the automatic content recognition market, behind Europe and Asia-Pacific. The North American region currently controls the automatic content recognition market.
The major growth of the Automatic Content Recognition market in the North American region is driven by technological developments and increasing adoption of cloud technology and Internet of Things in the region. The United States is the leading country in the automatic content recognition market in the region and generated a revenue of $248.1 million in 2017.
2 Scope of the report
2.1 Market definition
2.2 Scope of the study
2.2.1 Research objectives
2.2.2 Assumptions and limits
2.3 Structure of markets
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