Facts and Factors has authored “Automatic content recognition Market By Type (Technology, and Service), and By technology (Acoustic & Digital Video Fingerprinting, Digital Audio, Video & Image Watermarking, Speech Recognition, and Others), and Service (Professional Services, Managed Services, and Value-Added Services), and By (Media and Entertainment, Consumer Electronics, Education, Automotive, IT & Telecommunication, Healthcare, Defense & Public Safety, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.
Based on our analysis, teh global automatic content recognition market in 2019 is approximately USD 1,700 Million and is anticipated to reach around USD 12,700 Million by 2026. Teh anticipated CAGR for teh automatic content recognition market is around 30% from 2020 to 2026.
Automatic content recognition is an invention that recognizes material that is available in a media document or that is played on a media device. This empowers them to obtain clear details about the material they actually encountered wifout any search activities or noledge based on content. Programmed content acnoledgment gives an answer for different brands to draw in wif audience members on their subsequent screens. Innovation provides second-screen material to watchers that are custom-made to the TV program and empowers devices to increasingly measure crowd viewing of a particular show.
Programmed content acnoledgment works by making a computerized imprint from content on the TV screen. This data can be utilized to distinguish the on-screen content, and to adjust wif other programmed content acnoledgment empowered gadgets, for example, tablets and telephones. As indicated by the IBM report, for television companies, the genuine advantage of programmed automatic content recognition is exact to crowd estimation.
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Due to the growth of innovation in automatic content recognition in smartphones and smart devices, competition in automatic content recognition arrangements has grown in the industry. Moreover, expanding the sending of automatic content recognition by the media organizations for applications. In addition, the emergence of new technologies and increased consumer demand for more custom content has greatly boosted the growing pace of the market for automatic content recognition across industries.
One of the major restraining factors for the growth of the automatic content recognition market is a requirement of large server infrastructure for ACR also, piracy and security constraints. However, ACR technology is expected to provide significant growth opportunities in the future with the integration of analytics, Artificial intelligence, and IoT.
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Based on segmentation the market can be classified on the basis of by type, by technology, by services, and by the application. Based on the type, the technology segment accounted for the largest share of around 75% in the global automatic content recognition market in 2019. Further, by technology Acoustic & Digital Video Fingerprinting accounts for the market share of around 45% and is expected to dominate in the target market. Furthermore, the market can be segmented into services, which includes Professional Services, Managed Services, and Value-Added Services in Professional Services accounts for a major share of around 55% and is expected to dominate in the ACR market.
Based upon the region the global ACR industry has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. In terms of revenue, North America is estimated to dominate the world market relative to markets in other regions during the 2019-2026 forecast period. Due to the high adoption rate of advanced technology North America had a major market share for the ACR market.
The major players in the automatic content recognition industry are Gracenote Inc., Audible Magic Corporation, ACRCloud, muffin GmbH, Beatgrid Media B.V, Arcsoft Inc., Microsoft Corporation, Digimarc Corporation, Google Inc., and Nuance Communications, Inc.
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Teh taxonomy of teh automatic content recognition market by its scope and segmentation is as follows:
Global Automatic Content Recognition Market: Type Analysis
Global Automatic Content Recognition Market: Technology Analysis
- Acoustic & Digital Video Fingerprinting
- Digital Audio, Video & Image Watermarking
- Speech Recognition
Global Automatic Content Recognition Market: Service Analysis
- Professional Services
- Managed Services
- Value-Added Services
Global Automatic Content Recognition Market: Application Analysis
- Media & Entertainment
- Consumer Electronics
- IT & Telecommunication
- Defense & Public Safety
Global Automatic Content Recognition Market: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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