Automatic Content Recognition Market
The Automatic Content Recognition Market is currently valued at over USD 1000 Mn and this figure is expected to grow to USD 8.65 Bn.
$8.65 Billion
Market Size
26.74%
CAGR
North America
Dominating Region
2030
Forecast Period
Segmentation
Key Players
- Arcsoft Inc. (US)
- Digimarc Corporation (US)
- Microsoft Corporation (US)
- ACR Cloud (US)
- Audible Magic Corporation (US)
- Clarifai Inc. (US)
- Enswers Inc. (South Korea)
- Beatgrid Media B.V. (The Netherlands)
- Shazam Entertainment Ltd. (US).
Drivers
- Increasing adoption of ACR in Smart TV's
- Increasing deployment of ACR Technologies by media industry
Automatic Content Recognition Market Snapshot:
Automatic content recognition (ACR) market is viewed as a unique technology and is primarily used in media applications. The market for ACR is set to register a strong growth over the next couple of years. The Automatic Content Recognition Market is currently valued at over USD 1000 Mn and this figure is expected to grow to USD 8.65 Bn by the year 2023. Electronic goods such as smartphones, tablets and televisions are being integrated with content recognition features where ACR plays an important role. ACR allows applications to identify a content element within a close distance. Advances in watermark technology and fingerprinting technology have made ACR more efficient, making it capable of facilitating seamless interlinking of applications, content, devices, and viewers. ACR is likely to find tremendous opportunities in next-generation interactive applications. Many of the companies specializing in display and TV technology are aiming to leverage ACR features in order to create ACR-driven viewing experiences.
Report Overview:
This MRFR report offers detailed insights into the market opportunities for automotive content recognition (ACR) that are likely to arise in the near future. It also includes a five-year (2018-2023) revenues forecast of global ACR market. Future prospect of the technology and application opportunities are also discussed in the report. The scope of the discussion also covers different ACR technologies such as passive fingerprinting, speech recognition, and digital watermarks. Broadcasting industry, advertising, media & entertainment, industrial, gaming, consumer electronics, and education were identified as the prominent end use application areas for ACR. The data provided in the report is based on analysis of global ACR market, which covers Asia Pacific (APAC), North America, Europe, Latin America and the Middle East & Africa (MEA).
Report Coverage:
Historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers supply chain and Porter’s five forces analysis of the market.
Automatic Content Recognition Market Players Covered:
Arcsoft, Inc. (US), Digimarc Corporation (US), Microsoft Corporation (US), ACR Cloud (US), Audible Magic Corporation (US), Clarifai Inc. (US), Enswers, Inc. (South Korea), Beatgrid Media B.V. (The Netherlands), Shazam Entertainment Ltd. (US).
Research Methodology:
Incorporation of qualitative and quantitative aspects of the industry provide a detailed information outlook to MRFR’s report. Thorough analysis of market landscape is imbibed through entailment of primary and secondary research methodologies to prepare cutting-edge and insightful reports which can be employed by stakeholders for business advantage. In addition to analyzing current and historical market trends, market statics are unveiled through extensive primary research which consists of structured interactions with key level executives and participants across the value chain. Primary research is supplemented with a host of secondary sources including whitepapers, news releases, articles, annual reports, SEC financial filings, etc. to reach to concrete conclusions on the market. To validate the sanctity of the information provided in the reports, top-down and bottom-up approaches are adopted which are intricately designed to ensure compliance with proprietary standards along with providing a holistic perspective on the market.
Other Description:
- Market Denomination- USD Million
- Base Year- 2017
- Forecast Period- From 2018 to 2023
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for ACR
By Technology:
- Passive Fingerprinting
- Speech Recognition
- Digital Watermarks
By End-User Applications:
- Broadcasting Industry
- Advertising, Media & Entertainment
- Industrial
- Gaming
- Consumer Electronics
- Education
- Others
By Region:
- North America
- US
- Canada
- Europe
- The U.K
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- The Middle East & Africa
- Latin America
Intended Audience:
- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- Government Bodies
- E-commerce companies
- Original Equipment Manufacturers
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 8.65 Billion |
| CAGR | 26.74% |
| Base Year | 2019 |
| Forecast Period | 2020-2030 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Solution, By Service |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Arcsoft, Inc. (US), Digimarc Corporation (US), Microsoft Corporation (US), ACR Cloud (US), Audible Magic Corporation (US), Clarifai Inc. (US), Enswers, Inc. (South Korea), Beatgrid Media B.V. (The Netherlands), Shazam Entertainment Ltd. (US). |
| Key Market Opportunities | This MRFR report offers detailed insights into the market opportunities for automotive content recognition (ACR) that are likely to arise in the near future. It also includes a five-year (2018-2023) revenues forecast of global ACR market. Future prospect of the technology and application opportunities are also discussed in the report. |
| Key Market Drivers | The global market for ACR is set to register a strong growth over the next couple of years. |
Frequently Asked Questions (FAQ) :
By 2023, the worldwide automatic content recognition (ACR) market can value at USD 8.65 Bn.
ACR Cloud (US), Clarifai Inc. (US), and Audible Magic Corporation (US) are some well-known players of the automatic content recognition market.
Broadcasting industry, industrial, advertising, and media & entertainment are areas of application of automatic content recognition solutions.
Speech recognition, passive fingerprinting, and digital watermarks are technologies that are used in automatic content recognition.
The rise in demand for advanced interactive applications can support automatic content recognition market expansions.
Contributions of market players and dynamics of automatic content recognition market are elaborated in the report.
Upgradation of existing product line and hefty investment in innovations by marketers can favor the automatic content recognition market growth.
Global Automatic Content Recognition Market: Competitive Landscape
The global automatic content recognition market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain market share. Intense competition, advances in technology, and changes in government policies are key factors that confront market growth. The vendors compete based on cost, quality, reliability, and aftermarket service.
The growth of the market vendors is dependent on the market conditions, government support, and advances in technology. Thus, the vendors should focus on expanding geographically and improving their services. Arcsoft, Inc. (US), Digimarc Corporation (US), Microsoft Corporation (US), ACRCloud (China), Audible Magic Corporation (US), Enswers, Inc. (South Korea), Shazam Entertainment Ltd. (UK), Beatgrid Media BV (The Netherlands), and Clarifai Inc. (US) among others are profiled in the study. These companies primarily focus on the development of automatic content recognition technologies and services. Although the global players are dominating the market, regional and foreign players with small market shares also have a considerable presence. The international players are expected to strengthen their presence worldwide through partnerships, collaboration, and acquisitions during the forecast period.
Arcsoft is one of the prominent players in the automatic content recognition market. Arcsoft is a global leader in computational photography and visual computing technologies. They have successfully built an efficient research and development team in the industry with hundreds of scientists and engineers specialized in all aspects related to the techniques of imaging and computer vision. From embedded software solutions to cloud-based imaging services, the company offers solutions for all. The company also provides imaging intelligence technology for automatic content recognition. The company strongly focusses on partnerships and product development as a part of its business growth strategy. The company’s strategy is significantly dependent upon the timely advancement and is continually engaged in the development of next-generation process technologies.
Digimarc Corporation is another major player in the automatic content recognition market. The company is engaged in the provision of media identification and management solutions and is best known for its digital watermarking technologies. It provides solutions, licenses intellectual property, and offers development services. The company also specializes in invisible barcodes, audio recognition, content identification, data-rich art, and mobile barcode scanner SDK. For its growth strategy, the company encompasses both government and commercial businesses. It plans to continue investing in R&D and sales & marketing to develop and market its products, including Digimarc Discover, Digimarc Barcode, and Guardian, to continue expanding its intellectual property portfolio. In April 2018, Microsoft and Digimarc partnered to integrate scanning software in the Windows 10 operating system. Digimarc Corporation announced a new 15-year partnership with Microsoft. Also, in June 2018, Digimarc Corporation got a patent issued for content recognition and synchronization using local caching.
ACRCloud and Audible Magic Corporation are other major players in the automatic content recognition market. The major services offered by ACR Cloud are music recognition, content monitoring, live and pre-taped content identification and triggering. The company also offers broadcast monitoring, audio measurement, and copyright compliance solutions. For developers, ACR Cloud supports Android, iOS, Java and Python SDKs. Whereas, Audible Magic Corporation develops digital fingerprinting and automated content recognition (ACR) solutions. The company offers content identification (ID) software and information services for networks, cloud platforms, devices, and applications as well as content ID databases for applications associated with advertising, live television (TV), music, custom, submitted content, and on-device, as well as media synchronization services. In Dec 2017, ACRCloud and VidVita, a US media and entertainment technology company, joined forces in order to deliver live channel detection / live playback detection ACR services to the North American market. In Jan 2018, Xperi, a global leader in innovative technology solutions partnered with ACRCloud to bring music recognition to the hybrid radio.
