According
to the new market research report "Automatic Content Recognition Market by Solution (Audio, Video, & Image
Recognition, Voice & Speech Recognition, Real time Content Analytics,
Security and Copyright Management), by Service (Professional, Managed), by
Technology (Acoustic & Digital Video Fingerprinting), by Vertical - Global
Forecast to 2021", published
by MarketsandMarkets™, the Automatic
Content Recognition (ACR) market size is expected to grow from USD 0.94 Billion
in 2016 to USD 3.57 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of
30.6% during the forecast period.
The
major drivers of this market include increasing integration of ACR in smart
TVs, and second screen devices such as smartphones and wearables, increasing
deployment of ACR technologies by media companies for applications such as
broadcast monitoring and audience measurement, and revenue generated benefits
of interactivity, personalization, and socialization imparted by the ACR
technology to the television environment.
Professional services segment is expected to be the largest market
segments by services during the forecast period
The
automatic content recognition market has been segmented into solutions,
services, technology, and verticals. Professional services hold a major share
in the automatic content recognition services as these services are necessary
for the successful implementation of ACR platforms and technologies.
Browse and
in-depth TOC on "Automatic
Content Recognition Market"
75
- Tables
45
- Figures
165
- Pages
Acoustic and digital video fingerprinting technology is expected
to be the most promising segments during the forecast period
Acoustic
& Digital Video Fingerprinting is the fastest-growing technology, as it is
less complicated to deploy, highly secure, and doesn’t alter the properties of
media content. Majority of the companies involved in ACR market work on
fingerprinting technology for identifying any type of media content from the
vast web databases.
Presently, North America contributes the maximum market share in
the ACR market
North
America is expected to hold the largest market share and dominate the ACR
market in 2016 due to technological advancement and developed media &
entertainment industry in the region. From 2016 to 2021, APAC is estimated to
grow at the highest rate during this forecast period and is becoming a new
hotspot for automatic content recognition vendors as a revenue generating
region. Furthermore, Europe is expected to be another revenue generating
market, with solution market as the leading revenue generating segment.
The major
vendors covered in the ACR market for the study are 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.)
MarketsandMarkets
segments the automatic content recognition market on the basis of solutions,
services, technology, verticals, and region. The scope of the report covers
detailed information regarding the major factors influencing the growth of the
automatic content recognition market such as drivers, restraints, challenges,
and opportunities. A detailed analysis of the key industry players has been
done to provide insights into their business overview, products & services,
key strategies, new product launches, mergers & acquisitions, partnerships,
agreements, collaborations, and recent developments associated with the security
analytics market.
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