Automatic Content Recognition Market to growing at a rate of 13.1% CAGR by 2032 | Get Customized Reports

According to a recently published Future Market Insights report, Automatic Content Recognition revenues were estimated at US$ 2 billion in 2021 and are expected to grow at a CAGR of 13.1% from 2022 to 2032.

The market is expected to be worth $7.9 billion by the end of 2032. Revenue from real-time content analytics is expected to grow at a 13% CAGR between 2022 and 2032.

The growing use of automatic content identification by media companies for audience assessment and broadcast monitoring is also expected to drive the global market for autonomous content recognition forward.

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Due to the rise of smart devices such as smartphones, televisions, and wearables, there is a growing demand for content identification, recognition, and augmentation among enterprises and end users.

The usage of automatic content recognition systems and services by businesses led to a range of ways in which life hacking has become simpler. By launching music recognition software that combined digital fingerprinting technology, Shazam established the trend.

Many companies adopted this strategy and released second-screen apps for smart TVs and smartphones that were based on automatic content identification. The popularity of on-demand video platforms like Netflix, Hotstar, YouTube, and Amazon Prime has increased the need for automatic content detection tools and services.

Competitive Landscape

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in the Automatic Content Recognition Market are focused on their alliances, technology collaborations, and product launch strategies.

Some of the recent developments of key Automatic Content Recognition providers are as follows:

In February 2022, IBM acquired Neudesic, a US cloud services provider that specializes in the Microsoft Azure platform and has multi-cloud expertise. This acquisition significantly expands IBM's provision of hybrid multi-cloud services and strengthens the company's hybrid cloud and artificial intelligence initiatives.

In August 2021, Google and TCS collaborated to establish Google Garages within its innovation hubs in New York, Amsterdam, and Tokyo to launch businesses that analyze cloud technologies, prototype and develop applications, and employ analytics and AI to meet commercial possibilities.
More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Automatic Content Recognition Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Automatic Content Recognition in terms of Solution (Real-time Content Analytics, Voice & Speech Recognition, Security & Copyright Management, Data Management & Metadata, Other), and End-user Industry (IT & Telecommunication, Consumer Electronics, Media & Entertainment, Healthcare, Other) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Automatic Content Recognition Market Segmentation

By Solution:

Real-time Content Analytics
Voice & Speech Recognition
Security & Copyright Management
Data Management & Metadata
Other

By End Use:

IT & Telecommunication
Consumer Electronics
Media & Entertainment
Healthcare
Other

By Region:

North America
Latin America
Europe
APAC
MEA

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.