Automatic Content Recognition Market by Type (Solution and Services); Technology (Passive Fingerprinting, Speech Recognition, and Digital Watermarks); End User (Media and Entertainment, Military and Defense, IT and Telecommunication, Automotive, Consumer Electronics, Education, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026520 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Sep 2022 | Type: Global

The automatic content recognition market is expected to cross US$ 2.2 Billion mark in 2022 and is projected to hit US$ 6.7 Billion by 2030, recording a CAGR of 15.0% during the forecast period.

The rising usage of mobile phones and smart TVs is propelling the automatic content recognition market growth

Automatic content recognition (ACR) is a technology that recognizes content on a media device or in a media file. It allows the users to instantly access specific information about the content they have viewed without requiring text-based input or extensive search. ACR offers a more efficient end-user interface with multimedia technology. The increased usage of mobile phones and smart TVs causes media disruption, leading to new levels of collaboration and dedication from media professionals. Thus, contributing to the automatic content recognition market growth.

Asia Pacific expected to grow at the highest CAGR in the automatic content recognition market during the forecast period

Asia-Pacific region is anticipated to expand at the highest CAGR over the forecast period of 2022 to 2028, majorly due to rapid technological advancements, rising preferences towards smart devices by end-users in countries such as Japan, China, and India, and growing digitalization in the region. A few leading companies in the region are also anticipated to drive the automatic content recognition market growth in the Asia Pacific. Further, North America led the automatic content recognition market in 2021 due to the growing media and entertainment industry.

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The rising integration of ACR technology in electronics such as smartphones, Smart TVs, and wearables is a major factor in accelerating the automatic content recognition market growth.

A key driver anticipated to drive the global automated content recognition market growth during the forecast period is the integration of ACR technology in electronics such as smartphones, Smart TVs, and wearables such as smart gadgets. Also, the increasing use of ACR technologies by media and entertainment firms for applications such as weather forecasting, audience measurement, and broadcast monitoring will likely drive automatic content recognition market growth in the coming years.

Recent strategic developments in automatic content recognition market

The automatic content recognition market players have undergone several significant developments, and a few of these have been mentioned below:

  • In August 2021, the partnership between Google and TCS aimed to set up Google Garages at its innovation hub, situated in New York, Amsterdam, and Tokyo. The central idea behind this was to start businesses to evaluate cloud solutions and prototypes and develop applications for applying AI to address business opportunities.
  • IBM launched novel AI-powered technologies in April 2021 to help the Health and Research Community discover medical insights and treatments for COVID-19.
  • In October 2019, Nuance Communications launched a new emergency medicine solution for its Dragon Medical Advisor (DMA). The product consisted of integrated content from The Sullivan Group (TSG) at the American College of Emergency Physicians (ACEP) conference. This partnership is aimed at helping ED physicians improve patient safety and lower the risks associated with liability.

Several players drive the automatic content recognition market by implementing strategic investments, new product launches, mergers & acquisitions, and partnerships. ACRCloud, Audible Magic Corporation, Clarifai, Digimarc Corporation, Gracenote, Inc., Nuance Communications, Inc., IBM Corporation, ivitec, MuleSoft LLC, and Inscape are among the prominent players operating in the market.

Target audience for the automatic content recognition market report:

  • Raw material providers
  • Automatic Content Recognition manufacturers
  • Semiconductor component suppliers
  • Automatic Content Recognition distributors and sales firms
  • End users of automatic content recognition

Scope of the automatic content recognition market report:

  • Type:
    • Solution
    • Services

 

  • Technology
    • Passive Fingerprinting
    • Speech Recognition
    • Digital Watermarks

 

  • End User
    • Media and Entertainment
    • Military and Defense
    • IT and Telecommunication
    • Automotive
    • Consumer Electronics
    • Education
    • Others

 

  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa

 

  • Companies profiled
    • ACRCloud
    • Digimarc Corporation
    • Nuance Communications, Inc.
    • IBM Corporation
    • MuleSoft LLC

Companies profiled
- ACRCloud
- Digimarc Corporation
- Nuance Communications, Inc.
- IBM Corporation
- MuleSoft LLC


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