Automatic Content Recognition Market Worth 3.57 Billion USD by 2021

Automatic Content Recognition Market Worth 3.57 Billion USD by 2021

PUNE, India, July 6, 2016 /PRNewswire/ --



According to a 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 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.



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Browse 75 market data Tables and 49 Figures spread through 171 Pages and in-depth TOC
on "Automatic Content Recognition Market"

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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.



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 Automatic Content Recognition 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.)



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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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