A recent Future Market Insights report estimates that sales of Automatic Content Recognition will reach US$ 2 billion in 2021 and grow at a compound annual growth rate (CAGR) of 13.1% from 2022 to 2032. By the end of 2032, the market is expected to be worth US$ 7.9 billion. Between 2022 and 2032, real-time content analytics revenue is expected to grow at a compound annual growth rate (CAGR) of 13%.
The increasing use of this technology by media companies for audience measurement and broadcast monitoring is expected to drive the global market for autonomous content recognition. The growth of smart devices, including as smartphones, televisions, and other gadgets, has increased the demand for content identification, recognition, and augmentation in the enterprise.
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The usage of automatic content recognition systems and services by businesses led to a range of ways in which life hacking has become simpler. By launching music recognition software that combined digital fingerprinting technology, Shazam established the trend. Many companies adopted this strategy and released second-screen apps for smart TVs and smartphones that were based on automatic content identification. The popularity of on-demand video platforms like Netflix, Hotstar, YouTube, and Amazon Prime has increased the need for automatic content detection tools and services.
Competitive Landscape
Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in the Automatic Content Recognition Market are focused on their alliances, technology collaborations, and product launch strategies.
Some of the recent developments of key Automatic Content Recognition providers are as follows:
- In February 2022, IBM acquired Neudesic, a US cloud services provider that specializes in the Microsoft Azure platform and has multi-cloud expertise. This acquisition significantly expands IBM’s provision of hybrid multi-cloud services and strengthens the company’s hybrid cloud and artificial intelligence initiatives.
- In August 2021, Google and TCS collaborated to establish Google Garages within its innovation hubs in New York, Amsterdam, and Tokyo to launch businesses that analyze cloud technologies, prototype and develop applications, and employ analytics and AI to meet commercial possibilities.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Automatic Content Recognition Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals extensive growth in Automatic Content Recognition in terms of Solution (Real-time Content Analytics, Voice & Speech Recognition, Security & Copyright Management, Data Management & Metadata, Other), and End-user Industry (IT & Telecommunication, Consumer Electronics, Media & Entertainment, Healthcare, Other) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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Automatic Content Recognition Market Segmentation
By Solution:
- Real-time Content Analytics
- Voice & Speech Recognition
- Security & Copyright Management
- Data Management & Metadata
- Other
By End Use:
- IT & Telecommunication
- Consumer Electronics
- Media & Entertainment
- Healthcare
- Other
By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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