Global Automatic Content Recognition Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Automatic Content Recognition Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global automatic content recognition market report has been segmented on the basis of component, technology, industry vertical, and region.

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Global Automatic Content Recognition Market: Overview

Automatic content recognition is an identification technique implemented via software to recognize content elements on a media device or within a close distance. This technique involves algorithms that compare and processes the contents with characteristics of image, audio, or video with real-time data.

Automatic content recognition enables individuals to quickly obtain detailed information about the content without any text-based input or search efforts. Automatic content recognition is used to bring revolutionary actions together for smart networking and advertising by measuring consumer viewing habits.

Global Automatic Content Recognition Market: Dynamics

Increasing integration of automatic content recognition in avionics to manufacture smart devices is a factor to support growth of the target market. In addition, increasing deployment of automatic content recognition technology in electronics such as smart TV, display devices, smartphones, and wearables is among some of the major factors to support growth of the target market over the forecast period.

Increasing deployment of automatic content recognition technologies by entertainment and media companies to support applications that include audience measurement and broadcast monitoring is also a factor to support growth of the global market in the coming few years.

Revenue generation opportunities that can be benefited by implementing automatic content recognition systems such as personalization, interactivity, and socialization to television oriented organizations will also support growth of the global market.

However, personal privacy and data security constraints, and compulsory requirement of huge server infrastructure and additional bandwidth for applying automatic content recognition are factors that would hamper growth of the global market.

Global Automatic Content Recognition Market: Segment Analysis

Automatic content recognition systems and service providers offer a diverse range of solutions. These solutions include audio, video, and image recognition, voice and speech recognition, real-time content analytics, security and copyright management, data management and metadata, content aggregation, processing, filtering, and enhancement, encoding and transcoding, broadcast and media monitoring, and media synchronization. Thus, the solutions segment is expected to dominate among the component segment owing to high offerings offered by solutions segment to various organizations.

Global Automatic Content Recognition Market: Region Analysis

The automatic content recognition market in Asia Pacific is proliferating owing to increasing digitalization and growing preferences towards smart devices by individuals in countries such as Japan, China, and India in this region. Thus, Asia Pacific based organizations are evolving at a high rate in terms of technological advancements which in turn is a factor to support growth of the target market in this region.

Countries in North America have a high presence of automatic content recognition solutions players that are operating in the global market. Technologically advanced infrastructure is a factor that supports various organization to dwell on smart IT infrastructure thus providing businesses that are operating in this region high revenue growth opportunities. Whereas the market in Latin America is expected to register lucrative revenue growth in the global market.

Global Automatic Content Recognition Market Segmentation:

Segmentation by Component:

Solutions
Services

Segmentation by Technology:

Acoustic & digital video fingerprinting
Digital audio, video & image watermarking
Optical character recognition
Speech recognition

Segmentation by Industry Vertical:

Avionics
E-Commerce
Consumer Electronics
Media and Entertainment
Transportation and Logistics
Banking, Financial Services, and Insurance
Information Technology and Telecommunications
Others (Manufacturing, Government, Travel and Hospitality, Food & Beverage, Commercial, etc.)