The recent analysis by Report Ocean on the Global Automatic Content Recognition Market Report 2022 revolves around various aspects of the market, including characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, strategies, etc. It also includes COVID-19 Outbreak Impact, accompanied by traces of the historic events. The study highlights the list of projected opportunities, sales and revenue on the basis of region and segments. Apart from that, it also documents other topics such as manufacturing cost analysis, Industrial Chain, etc. For better demonstration, it throws light on the precisely obtained data with the thoroughly crafted graphs, tables, Bar & Pie Charts, etc.
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The global automatic content recognition market has been segmented on the basis of technology, end-user application, and region. Of all the technologies, speech recognition held the largest market share of 42.5% in 2017, with a market value of USD 452.1 million, which is projected to grow at a CAGR of 28.3% during the forecast period. On the basis of end-user application, advertising, media and entertainment held the largest market share of 24.5% in 2017, with a market value of USD 261 million, which is projected to grow at the highest CAGR of 29.3%.
Automatic content recognition (ACR) is a technique used by an application to identify a content element within a close distance. These techniques are most commonly used in televisions, smartphones, and tablets nowadays. By making use of watermark technology or fingerprinting technology, ACR helps in dynamic and seamless interlinking of applications, content, devices and viewers. ACR is poised to power the majority of these next generation interactive applications.
ACR is an emerging technology that is widely used to capture and identify digital content, across devices connected to internet. The automatic content recognition technology generally works on certain algorithms that identify and capture the content. This content is often in the form of an image, video clip or an audio note. The major technologies being used to identify the content include fingerprinting, watermarking, and speech recognition. Many companies provide these technologies integrated within a mobile application. Advertising, media & entertainment, and consumer electronics are the leading end-users of the automatic content recognition technology. The applications of automatic content recognition include content enhancement, content identification, real-time audience measurement, and broadcast monitoring.
The global automatic content recognition market is expected to grow at 27.2% CAGR during the forecast period, 2017-2023. In 2017, the market was led by North America, followed by Europe and Asia-Pacific, respectively. There have been developments in the media and advertising industry, considering the recognition of content and personalizing the output. Shazam, allows the users to identify any music played in the background and display matching results. Another great example of content recognition is Google Images, wherein the user can upload any image and get search results based on the content recorded in the image.
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Key Players
The key players in the global automatic content recognition market are Arcsoft Inc, Digimarc Corporation, Microsoft Corporation, ARC Cloud, Audible Magic Corporation, Clarifai Inc, Enswers Inc, Beatgrid Media B.V, and Shazam Entertainment.
Scope of the Report:
This comprehensive analysis delves into the effects of COVID-19 on the worldwide market, offering insights from both a global and regional viewpoint. The financial landscape of the industry saw a valuation of millions in 2022, which surged to its peak in 2023, and is projected to achieve another pinnacle by 2031, demonstrating a remarkable compound annual growth rate (CAGR) for the period between 2023 and 2031. The study places a strong emphasis on a detailed market assessment of the impact of COVID-19, presenting strategic response plans tailored to diverse regions, including North America, Europe, China, and Japan.
Some Important Questions Answered in Market Report:
- What will be the market growth rate, overview, and analysis by type in 2031?
- What are the primary factors influencing market dynamics?
- What are the drivers, challenges, and business risks in the market?
- What are the overall market dynamics? Does the overview include scope analysis and price analysis of key manufacturer profiles?
- What are the opportunities, risks, and driving forces in the market?
- Who are the main manufacturers in the market?
- What factors are driving and limiting this industry?
- What are the conditions for market growth?
- What are the industry opportunities and segment risks faced by major vendors?
- What are the strengths and weaknesses of the main providers?
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