Market Analysis
The global automatic content recognition market is predicted to touch USD 8.65 Billion at a 26.74% CAGR in the forecast period (2020- 2030), states the latest Market Research Future (MRFR) report.
Market Segmentation
The Automatic Content Recognition Market Players have been bifurcated based on solution, service, and end user.
By solution, the global automatic content recognition market is segmented into real time content analytics, voice, and audio, video, and image recognition.
By service, the global automatic content recognition market is segmented into managed and professional.
By end user, the global automatic content recognition market is segmented into healthcare, IT and telecommunication, and others.
Drivers
Increasing Use by Media and Entertainment Firms to Boost Market
Increasing use of automatic content recognition technology by media and entertainment firms for applications such as broadcast monitoring, weather forecasting, and audience measurement will add market growth over the forecast period.
Opportunities
Increased Integration in Electronics to offer Robust Opportunities
The increased integration of automatic content recognition technology in electronics such as wearables, smartphones, and smart TVs owing to the demand for smart gadgets will offer robust opportunities for the market over the forecast period.
Restraints
High Costs to act as Market Restraint
The concerns regarding high costs and lack of investments in research and development will act as market restraint over the forecast period.
Get a Free Sample @
https://www.marketresearchfuture.com/sample_request/1208
Challenges
Security and Privacy Issues to act as Market Challenge
Security and privacy issues coupled with the increasing need for additional bandwidth and larger server infrastructure to apply automatic content recognition will act as market challenges over the forecast period.
COVID-19 Analysis
The increasing use of consumer electronic devices at the time of the COVID-19 pandemic due to the burgeoning number of people staying at home is driving market growth. But the government imposed lockdowns across the globe have restricted manufacturing operations across the globe that has resulted in a slowdown in the production of new smart TVs, tablets, smartphones among other consumer electronic devices drastically impacted the market growth. A change has been observed in the purchasing power of consumers due to the global economic crisis. People are buying only essential products that have caused a sharp fall in demand for electronic products that is impacting the market growth.
The media enterprises widely adopted automatic content recognition technology for applications like broadcasting monitoring and audience measurement that are driving market growth. The media and entertainment industry has been severely impacted by the rapid spread of COVID-19 across the globe. The implementation of the lockdown in various countries of the world for containing the spread of the epidemic has placed restrictions on public gatherings at music festivals, theatres, international events, and concerts that are impeding market growth. The industry is expected to face challenges owing to the effects of COVID-19 in the post pandemic period.
Regional Analysis
North America to Lead Automatic Content Recognition Market
North America will lead this market over the forecast period. Rapid technological advances, developed and booming media and entertainment industry, growing investments by companies in R&D activities and development activities, and the growing number of ACR technology-enabled smart devices are adding to the automatic content recognition market growth in the region.
Key Players
Eminent industry players profiled in the global automatic content recognition market report include 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).
Industry Updates
Samba TV has announced global TV viewership dashboard. The dashboard will draw on the ACR technology of Samba TV that is integrated into 24 smart TV brands to offer the viewing information.
Browse Complete Report @
https://www.marketresearchfuture.com/reports/automatic-content-recognition-market-1208
Automatic Content Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
* Trending Reports
Human Augmentation Market
File Sharing Software Market
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
