Automatic Content Recognition Market, Competitors Strategy, Regional Analysis and Growth Forecast to 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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