ACR technology gives a smart device such as a tablet, smartphone, or smart TV the ability to become ‘content-aware’ and ‘know’ what content is being watched. The device can then deliver complementary and fully synchronized content associated with the viewed program, film or advertisement. Rising integration of automatic content Recognition technology in smart TVs and smartphones is mainly driving the global ACR technology market over forecast period. Additionally, growing deployment of ACR by the media companies for the applications such as audience measurement and broadcast monitoring is anticipated to foster the global automatic content Recognition Market growth.

Global Automatic Content Recognition Market is segmented by solution, service, technology, end user and by Region. By solution, audio, video, and image recognition segment held 37.89% of market share in 2019 and is expected to keep its dominance over forecast period.

This growing consumers’ appetite for interactivity opens opportunities for broadcasters, content owners and advertising agencies to deepen their relationship with the consumer. Adding interactive applications to companion devices and smart TVs meets the demands of today’s media consumers and offers new monetization opportunities for targeted applications and advertising.

By geography, market is segmented into North America, APAC, Europe, MEA & Africa and Latin America. North America held 36.76% of market share in 2019 and is expected to keep its dominance over forecast period owing to technological advancement and developed media & entertainment industry in the region.

Report covers in depth analysis of market leaders, potential players and new entrants. Some of the key players covered in this report are, 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), VoiceBase, Inc. (U.S.). These key players are adopting various inorganic and organic growth strategies such as merger& acquisition, expansion, joint ventures, strategic alliances, collaborations and patent to increase their regional presence and business opeartions.

Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Automatic Content Recognition Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Automatic Content Recognition Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Automatic Content Recognition Market positioning of competitors.

https://www.maximizemarketresearch.com/market-report/global-automatic-content-recognition-market/58219/

The post Automatic Content Recognition Market was valued at USD 1.82 Bn in 2019 and is expected to reach at USD 12.76 Bn by 2027 at a CAGR of 27.56% over forecast period 2020-2027. appeared first on MAXIMIZE MARKET RESEARCH.