According to a recently published Future Market Insights report, Automatic Content Recognition Market were estimated at US$ 2 billion in 2021 and are expected to grow at a CAGR of 13.1% from 2022 to 2032. The market is expected to be worth $7.9 billion by the end of 2032. Revenue from real-time content analytics is expected to grow at a 13% CAGR between 2022 and 2032.

The growing use of automatic content identification by media companies for audience assessment and broadcast monitoring is also expected to drive the global market for autonomous content recognition forward.

With the rise of smart devices such as smartphones, televisions, and wearables, there is a growing demand among enterprises and end users for content identification, recognition, and augmentation.

Businesses' use of automatic content recognition systems and services has simplified life hacking in a variety of ways. Shazam established the trend by releasing music recognition software that combined digital fingerprinting technology.

Many companies adopted this strategy and released automatic content identification-based second-screen apps for smart TVs and smartphones. The rise in popularity of on-demand video platforms such as Netflix, Hotstar, YouTube, and Amazon Prime has heightened the demand for automatic content detection tools and services.

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Competitive Environment

Market participants are constantly improving analytical solutions and expanding their product offerings. Companies in the Automatic Content Recognition Market are concentrating their efforts on strategic alliances, technological collaborations, and product launch strategies.

The following are some recent developments by key Automatic Content Recognition providers:

  • IBM acquired Neudesic, a US cloud services provider that specialises in the Microsoft Azure platform and has multi-cloud expertise, in February 2022. This acquisition broadens IBM's offering of hybrid multi-cloud services and strengthens the company's hybrid cloud and artificial intelligence initiatives.
  • Google and TCS partnered in August 2021 to launch Google Garages within its innovation hubs in New York, Amsterdam, and Tokyo to launch businesses that analyse cloud technologies, prototype and develop applications, and use analytics and AI to meet commercial opportunities.

More Details Are Available

Future Market Insights presents an unbiased analysis of the Automatic Content Recognition Market in its new offering, presenting historical market data (2017-2021) and forecast statistics for the period 2022-2032.

The study reveals significant growth in Automatic Content Recognition across five regions 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).

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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