Automatic Content Recognition Market Size, Share and Demand Forecast Report,

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1 1 Automatic Content Recognition Market Size, Share and Demand Forecast Report,

2 2 The value of the automatic content recognition market stood at USD 2,540.8 million in 2023, and this number is projected to reach USD 5,961.6 million by 2030, advancing at a CAGR of 13.0% during the projection period. This growth of the market can be credited to the growing adoption of smart devices, such as tablets and smartphones. This technology aids operators to attain the smooth synchronization of information from many devices, by sharing data on the content being played. This also aids content creators and advertisers in analyzing viewers engagement and providing relevant content, which eventually advances viewers experiences. Based on component, the solutions category grips the larger industry share, of 70%, due to the increasing acceptance of internet-connected audio and video streaming channels. Hardware components the data from which is collected and studied by ACR solutions comprise smart TVs, smartphones, laptops, and computers, which capture image, audio, text, and video content. The related software utilizes applications on the basis of ML models and AI algorithms to extract meaningful data, by studying the insightful information and storing it in safe repositories. The improvements in ML & AI have led to enhancements in the accuracy and efficacy of ACR systems, permitting them to understand and identify the content better. Speech recognition technology grips the largest industry share, propelled by the increasing acceptance of smart devices throughout the globe to streamline tasks, get convenient access to content, and remotely control a variety of house appliances. The speech recognition tech allows automatic content recognition systems to classify content, enhance user experiences, modify recommendations, and provide multilingual backing and real-time processing abilities. Such solutions also mechanize the devices, by adding voice-activated functionalities into them. 2

3 3 In view of its scale and the ability to deal with large amounts of data for automatic content recognition solutions, Cloud Deployment mode has acquired a higher market share around the world. Moreover, it allows for flexibility and facilitates remote access as well as collaboration. It is also cost-effective to use cloud content recognition solutions since this mode replaces the need for expensive IT infrastructure. The powerful processing abilities of cloud-based ACR software provide enhanced accurateness and speed of automatic content recognition. In 2023, regionally, the North American region had the largest share, of 45%, in the worldwide industry. This is mainly credited to the rising acceptance of automatic content recognition solutions & facilities by numerous sectors in the continent, with the growing expenditure in progressive technologies, like AI/ML, IoT, and big data analytics. Hence, this growth of the market can be credited to the growing adoption of smart devices, such as tablets and smartphones. Download sample copy of this report: Global Automatic Content Recognition Market Key Players Are: Apple Inc. Beatgrid Media B.V. Google Inc. IBM Corporation Kudelski S.A. Microsoft Corporation mufin GmbH Nuance Communications Inc. Samba TV Inc. Samsung Electronics Co. Ltd. Market Size Breakdown by Segment By Component Solutions 3

4 4 Audio Video Text Image Services Professional services Managed services By Technology Audio and Video Fingerprinting Audio and Video Watermarking Optical Character Recognition Speech Recognition By Platform Linear TV Connected TV OTT By Deployment Mode Cloud On Premises By Organization Type Small & Medium Enterprises Large Enterprises By Application Advertisement Targeting & Pricing Audience Segmentation & Measurement Broadcast Monitoring Content Filtering Browse detailed report analysis on: By End User Automotive BFSI Consumer Electronics Education Government & Defense Healthcare 4

5 5 IT & Telecommunications Media & Entertainment Retail & E-Commerce Geographical Analysis North America o U.S. o Canada Europe o U.K. o Germany o France o Italy o Spain Asia-Pacific o China o Japan o Australia o India o South Korea Latin America o Brazil o Mexico Middle East & Africa o Saudi Arabia o South Africa o U.A.E. 5

6 6 Disclaimer: P&S Intelligence always keeps its customers interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector 2, Noida, U.P , INDIA International: US/Canada Toll-Free: P&SIntelligence.Allrightsreserved 4 6