Automatic Content Recognition (ACR) Market Research Report Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2027
Automatic Content Recognition (ACR) Market
Research Report Demand, Industry Size, Top Players,
Opportunities, Sales, Revenue and Regional Forecast
To 2027
Automatic Content Recognition Market: By Solution (Audio, Video and
Image Recognition, Voice, Real Time Content Analytics), By Service
(Professional, Managed), End User (IT & Telecommunication, Healthcare) –
Global Forecast till 2027
Market Overview
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. The market is anticipated to
develop at a CAGR of 27 percent while achieving USD 4,507 million in revenue
through the forecast period.
Rapid advances in automation and artificial intelligence have created a substantial
impact on the automatic content recognition market. The market for automatic content
recognition is motivated by a few main factors such as its improved application in
smart TVs, wearables, mobile screens, as well as by entertainment and media
companies for broadcast monitoring and audience measurement. Moreover, the
increased use of technologies such as fingerprinting or watermarking is backing the
market’s growth. The smart TV manufacturers are also using ACR technology to can
create adapted watching experiences by providing audiences with content
recommendations based on the viewer’s history, this feature is expected to expand
the market share significantly over the forecast period.
Moreover, automatic content recognition also offers several benefits such as
second screen synchronization, content verification, and content identification
which are instrumental for escalating the demand in the market in the forecast
period. With second screen synchronization, can gain more information and
targeted advertising while allowing them to enhance their television viewing with the
help of ACR. As automatic content recognition aids in recognizing the content
based on sound or images without additional research by users, the market is
responding positively to these changes. However, the automatic content
recognition market is still considered to be in the nascent stage of expansion. The
rapidly growing adoption rates of this technology through several industry verticals
is irrefutably creating a plethora of prospects for developers and vendors to develop
applications to their maximum potential, thus increasing the potential for
development of the market.
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Segmental Analysis
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.
Detailed 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
2027.
Competitive Analysis
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 Entertainment Ltd. (US).
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