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Automatic content recognition (ACR) is a recognition technology which is used to perceive content played on a media device or present in a media file. This promotes users quickly to obtain detailed information about the content they have just experienced without any text-based input or search efforts. The rush around third-party consumer-facing ACR-enabled applications has significantly destroyed with a turn to broadcaster-centric social and interactive content applications.
Asia-Pacific Automatic Content Recognition Market Segments Size & Growth:
Asia-Pacific Automatic Content Recognition Market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to 34.7% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include increased integration of ACR in smart TVs and second screen devices such as smartphones and wearables, increasing deployment of ACR technologies by media companies for applications such as broadcast monitoring and audience measurement, revenue generated benefits of interactivity, personalization, and socialisation imparted by the ACR technology to the television environment, an urgent need among the companies to understand the consumer behavior and growing Number of hosted ACR solution providers. However, the requirement of additional bandwidth and large server infrastructure for applying ACR, and privacy and security constraints are
Asia-Pacific Automatic Content Recognition Market Segments Share:
Asia-Pacific Automatic Content Recognition Market is categorized into a type which comprises of solution, and services. Among them, Services segment is projected to hold the largest share as these services are necessary for the successful implementation of ACR platforms and technologies. On the basis of Technology, the market is segmented into acoustic and digital video fingerprinting, digital audio, video, and image watermarking, optical character recognition, and speech recognition. Among them, Acoustic & Digital Video Fingerprinting is projected to be the fastest-growing technology, as it is less complicated to deploy, highly secure, and doesn’t alter the properties of media content. Majority of the companies involved in ACR market work on fingerprinting technology for identifying any type of media content from the vast web databases. On the basis of End User, the market is segmented into media and entertainment, consumer electronics, e-commerce, education, automotive, IT and telecommunication, healthcare, defense and public Safety, Avionics, and Others. On the basis of Geography, China is projected to dominate the market with the largest share due to technological advancement and developed media & entertainment industry in the region and Malaysia is estimated to grow at the highest rate during
Asia-Pacific Automatic Content Recognition Market Trends:
Asia-Pacific Automatic Content Recognition Market Research Report:
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