Global Automatic Content Recognition Market Analysis 2022
The Global Automatic Content Recognition Market is expected to reach $5.86 billion by 2028 growing at a CAGR of 16.8% from 2021 to 2028. Automatic content recognition is an identification technology to recognize content played on media, it reads pixels on smart, internet-connected devices screen as it delivers content to a TV consumer.
Factors such as increasing penetration of speech and voice recognition technology, rising integration of ACR in smart TVs and increasing use of smart devices are driving the growth of the market. However, data security concerns and high investments are restraining the growth of the market.
Based on end user, the media & entertainment segment is going to have a lucrative growth during the forecast period owing to the rise of automatic content recognition technology in smartphones and smart TVs. Audio, video, and image recognition solution are likely to dominate the segment in the automatic content recognition market as it is the most demanding solution, which helps in identifying all types of media content in the smart devices.
The key vendors mentioned are VoiceInteraction, ACRCloud, Nuance Communications, DataScouting, Audible Magic, Gracenote, Zapr Media Labs, ArcSoft, Digimarc, Google, IBM, KT Corporation, Kudelski Group, Microsoft, Viscovery Pte Ltd, and Apple.
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