Automatic Content Recognition (ACR) Market Size USD 3.62 Billion by 2023 at a 32.4% of CAGR

November 28 11:09 2017

ACR Market
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 2023

Market Highlights

The global automatic content recognition market is projected to witness a rapid growth during the forecast period. High growth opportunities in emerging economies and rising adoption of portable device are the major factor driving the growth of the market. Moreover, increasing demand for automatic content recognition across various industry verticals such consumer electronics, IT & telecommunication, retail, e-commerce is fueling the growth of the global market.

 

The global Automatic Content Recognition Market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World. As compared to other regions, the automatic content recognition market in North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the North American automatic content recognition market owing to the presence of large number of established key players such as ACRCloud (China), Audible Magic Corporation (U.S.), Civolution (U.S.), Enswers, Inc. (South Korea), Gracenote, Inc. (U.S.) in this region. Due to the high adoption of portable device and rising technological advancement in the region, the market is likely to show immense growth in the coming future. Additionally, North America also has a well-established infrastructure, which allows higher penetration of devices and ultimately provides better connectivity. Increasing need for innovations and advancements in the technology are other major factors responsible for the growth of the automatic content recognition market.

 

The global Automatic Content Recognition market is projected to reach USD 3.62 billion at a CAGR of over 32.4% by the end of the forecast period 2017-2023.

 

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In the global automatic content recognition market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of portable device, emerging economies and technological advancement in automatic content recognition in the region.

 

Automatic Content Recognition Market Segmentation:

The global automatic content recognition market is segmented on the basis of service, technology and end user. The end user segment is classified into consumer electronics, IT & telecommunication, automotive, retail, ecommerce and others. However, consumer electronics segment is expected to hold the largest share of the automatic content recognition market. This is owing to the increased adoption of ACR technology in TV, smartphones and electronic gadgets, expansion of markets across globe, increased expenditure on mobile devices and advanced communications channels to connect with employees, customers, and clients has led to demand of automatic content recognition solution in the industry.

 

Some of the prominent players in the global automatic content recognition market: Arcsoft, Inc. (U.S.), Digimarc Corporation (U.S.), Google, Inc. (U.S.), Microsoft Corporation (U.S.), Nuance communications (U.S.), ACRCloud (China), Audible Magic Corporation (U.S.), Civolution (U.S.), Enswers, Inc. (South Korea), Gracenote, Inc. (U.S.), Mufin Gmbh (Germany), Shazam Entertainment Ltd. (U.K.), Vobile, Inc. (U.S.), Voiceinteraction SA (Portugal), Beatgrid Media BV (The Netherlands), Clarifai Inc. (U.S.), DataScouting (Greece), iPharro Media GmbH (Germany), Viscovery Pte Ltd. (Taiwan), and VoiceBace, Inc. (U.S.).

 

Market Research Analysis:

North America is estimated to account for the largest share of the market, whereas Asia-Pacific market is projected to grow at the fastest rate during the forecast period. The North American market is witnessing rapid growth due to technological advancements and increasing demand for mobile application development platforms across different industry verticals in this region. U.S. holds majority of the market share both in terms of revenue as well as adoption of mobile applications.

 

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List Of Figures

Figure 1    Global Automatic Content Recognition Market Segmentation

Figure 2    Forecast Methodology

Figure 3    Five Forces Analysis Of Global Automatic Content Recognition Market

Figure 4    Value Chain Of Global Automatic Content Recognition Market

Figure 5    Share Of Global Automatic Content Recognition Market In 2017, By Country (In %)

Figure 6    Global Automatic Content Recognition Market, 2017-2023,

Figure 7    Global Automatic Content Recognition Market Size By Service, 2017

Figure 8    Share Of Global Automatic Content Recognition Market By Service, 2017 To 2023

Figure 9    Global Automatic Content Recognition Market Size By Technology, 2017

Figure 10   Share of Global Automatic Content Recognition Market By Technology, 2017 To 2023   

Figure 11   Global Automatic Content Recognition Market Size by End-User, 2017 To 2023

Figure 12   Share of Global Automatic Content Recognition Market by End-User, 2017 To 2023

 

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