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Automatic Content Recognition Market Analysis, Size, Trends And Forecast 2033

06-18-2024 07:06 AM CET | IT, New Media & Software

Press release from: The Business research company

Automatic Content Recognition Market Analysis

Automatic Content Recognition Market Analysis

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Automatic Content Recognition Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $15.75 billion In 2028 At A CAGR Of 29.8% :

The automatic content recognition market size has grown exponentially in recent years. It will grow from $4.3 billion in 2023 to $5.55 billion in 2024 at a compound annual growth rate (CAGR) of 29.1%. The growth in the historic period can be attributed to increased demand for personalized content, upsurge in the popularity of digital platforms, proliferation of digital content across various platforms, growth in the use of second-screen applications, rising adoption of smart tvs and connected devices.

The automatic content recognition market size is expected to see exponential growth in the next few years. It will grow to $15.75 billion in 2028 at a compound annual growth rate (CAGR) of 29.8%. The growth in the forecast period can be attributed to expansion of the streaming services market, rising focus on content monetization and targeted advertising, increased adoption of acr in the automotive industry, increasing need for real-time content recognition, rising adoption of smart devices. Major trends in the forecast period include development of cross-platform acr solutions, use of deep learning and neural networks in acr technology, implementation of acr for live and real-time content recognition, integration of acr in social media platforms, emphasis on data privacy and security in acr applications.

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Automatic Content Recognition Market Major Segments
The automatic content recognition market covered in this report is segmented -
1) By Type: Audio, Video And Image Recognition, Voice And Speech Recognition, Real-Time Content Analytics, Security And Copyright Management
2) By Component: Hardware, Software
3) By Deployment: Cloud, On-Premises
4) By Application: Audience Segmentation And Measurement, Broadcast Monitoring, Advertisement Targeting And Pricing, Content Filtering, Other Applications
5) By Vertical: Media And entertainment, Consumer Electronics, Retail And E-commerce, Education, Automotive

Key Driver - Driving Forces Of Automatic Content Recognition Market Surging Smart Device Use And Content Streaming Services

The rising use of smart devices and content streaming services is expected to propel the growth of the automatic content recognition market. Smart TVs are essentially televisions with built-in streaming apps, that can stream content (video, music, movies, and sports) using a streaming device or app by connecting the TV or home theatre to the internet. Smart devices have transformed the way we consume and interact with content streaming services, making it easier and more enjoyable for users to access their favorite movies, TV shows, and music from the comfort of their homes. For instance, in June 2022, counterpoint a US-based technology research company published an article in the economic times stating that the Indian smart tv market raised to 33% in Q1 2022. Currently, 89% of India's TV market is made up of smart TVs. Moreover, Amazon stated that the number of monthly active fire TV users worldwide surpassed 50 million users. Therefore, demand for automatic content recognition will rise as the prevalence of the increasing use of smart devices and content streaming services rises.

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Prominent Trend - Advancements In Automatic Content Recognition Technology With Cutting-Edge Speech Recognition System

Technological advancement is a key trend gaining popularity in automatic content recognition. Major companies in the automatic content recognition market are advancing in their new technologies and research and developing the automatic content recognition market. For instance, in August 2021, LumenVox a US-based speech recognition software company launched a new generation of automatic speech recognition (ASR). The unique features of ASR are a transcription engine built with deep machine learning and artificial intelligence (AI), DNN's (Deep Neural Network) end-to-end architecture, and processing skills for speech recognition. The system is more accessible to users since it can grow the language model more quickly and provide new toolsets for adding additional languages and dialects. The development of this innovative technology is another step forward in automatic content recognition.

Automatic Content Recognition Market Players
Major companies operating in the automatic content recognition market report are International Business Machines Corporation, Microsoft Corporation, Google LLC, Digimarc Corporation, Apple Inc., ArcSoft Inc., Nuance Communications Inc., Shazam Entertainment Ltd., Vobile Group Limited, VoiceInteraction SA, Audible Magic Corporation, Civolution, Enswers Inc., Gracenote Inc., Mufin GmbH, Beatgrid Media BV, Clarifai Inc., DataScouting, iPharro Media GmbH, Kantar Media SA, MediaMelon Inc., Nexidia Inc., Nuxeo SA, OpenText Corporation, Veritone Inc., Viscovery Pte Ltd., VoiceBase Inc., Vualto Ltd., Yospace Technologies Ltd., Zappware NV, ZEFR Inc., ZOO Digital Group plc

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https://www.thebusinessresearchcompany.com/report/automatic-content-recognition-global-market-report

Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the automatic content recognition market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the automatic content recognition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automatic Content Recognition Market Report Structure
3. Automatic Content Recognition Market Trends And Strategies
4. Automatic Content Recognition Market - Macro Economic Scenario
5. Automatic Content Recognition Market Size And Growth
…..
27. Automatic Content Recognition Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
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Americas: +1 315 623 0293
Email: info@tbrc.info

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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