Press release
Automatic Content Recognition (ACR) Market Analysis by Solution, Service with Top Leaders: Google, Microsoft, ACRCloud, Arcsoft, Digimarc, Enswers, Shazam, VoiceBace, Viscovery
The global automatic content recognition market worth USD 3.63 billion by 2023 and is expected to grow at a CAGR of approximately 32.4% during the forecast period 2017-2023.
ACR Market Scenario:
Automatic content recognition refers to a technology that is used to recognize content on a media device. With the assistance of source device, it compares and process the file by identifying the content by some characteristics such as image, audio or video using watermark or fingerprinting technology.
Technology giants such as Arcsoft, Inc. (U.S.), Digimarc Corporation (U.S.), Google, Inc. (U.S.), Microsoft Corporation (U.S.), Nuance Communications (U.S.) are some of the major players in the automatic content recognition market. Google, Inc. one of the major player in automatic content recognition market has developed a processing device that receives information from a media device by a fingerprint of a user. The information includes an ordered sequence of frames and corresponding time stamps.
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Major factors driving the automatic content recognition market include its increased application in smart TV’s, mobile screens,wearables and increased adoption of automatic content recognition technology by media and entertainment companies for broadcast monitoring and audience measurement. High usage of technology such as watermarking or fingerprinting is aiding the market growth.
The global automatic content recognition market has been segmented on the basis of service, technology and end user. The service segment is further classified into professional service, managed service, and value-added services. However, professional services segment is expected to hold the major share of the market. Professional service associated with cloud platforms includes selection, deployment and continuous ongoing management of cloud resources. Professional service companies possess an expertise solution and knowledge of tools and process that makes users workflows seamless and high performing. These companies are highly experienced and projects a detailed focus while offering services to small and mid-sized business. They provide a complete risk management solution and possess knowledge regarding cutting edge security features and implements them across different range of business environments. It is also essential for the successful implementation of ACR platforms.
The North America region holds the largest market share of the market across the globe followed by Europe, and Asia Pacific regions. U.S. and Canada are dominating the North America market is due to rising technological enhancements and established media and entertainment industry. Asia-Pacific region is expected to grow with highest CAGR. Owing to growing media and entertainment industry, advanced mobile devices and electronic devices.
ACR Market Segments:
The global automatic content recognition market is segmented by, service, technology and end-user. Based on the technology, the market is segmented into acoustic & digital video fingerprinting, digital audio, video & image watermarking, optical character recognition and speech recognition. Based on service, the market is segmented into professional service, managed service and valued added service. On the basis of end-user the market is segmented into media & entertainment, consumer electronics, e-commerce, education, automotive, IT & telecommunication, healthcare, defense & public safety, avionics and others.
ACR Industry Regional Analysis:
The global automatic content recognition market is studied for Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America region accounts for the largest share of the market. Asia-Pacific and Middle East region is expected to show highest growth opportunities in the market owing to increase population, growing mobile users, rising popularity of BYOD technology and flourishing IT & telecommunication are the main factors fuelling the market growth.
ACR Market Key Players:
Some of the prominent players in the global automatic content recognition market: Arcsoft, Inc. (U.S.), Digimarc Corporation (U.S.), Google, Inc. (U.S.), Microsoft Corporation (U.S.), Nuance communications (U.S.), ACRCloud (China), Audible Magic Corporation (U.S.), Civolution (U.S.), Enswers, Inc. (South Korea), Gracenote, Inc. (U.S.), Mufin GmBH (Germany), Shazam Entertainment Ltd. (U.K.), Vobile, Inc. (U.S.), Voiceinteraction SA (Portugal), Beatgrid Media BV (The Netherlands), Clarifai Inc. (U.S.), DataScouting (Greece), iPharro Media GmbH (Germany), Viscovery Pte Ltd. (Taiwan), and VoiceBace, Inc. (U.S.).
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LIST OF TABLES
Table 1 Global Automatic Content Recognition Market: By Region, 2017-2023
Table 2 North America Automatic Content Recognition : By Country, 2017-2023
Table 3 Europe Telecom Expense Management: By Country, 2017-2023
Table 4 Asia-Pacific Telecom Expense Management: By Country, 2017-2023
Table 5 Rest Of The World Automatic Content Recognition Market: By Country, 2017-2023
Table 6 Latin America Automatic Content Recognition Market: By Country, 2017-2023
Table 7 Global Automatic Content Recognition By Solution Market: By Regions, 2017-2023
Table 8 North America Automatic Content Recognition By Solution Market: By Country, 2017-2023
Table 9 Europe Automatic Content Recognition By Solution Market: By Country, 2017-2023
Table10 Asia-Pacific Automatic Content Recognition By Solution Market: By Country, 2017-2023
Table11 Middle East & Africa Automatic Content Recognition By Solution Market: By Country, 2017-2023
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