The global automatic content recognition market size is expected to reach USD 7.86 billion by 2030, according to a new study by Polaris Market Research. The report “Automatic Content Recognition Market Share, Size, Trends, Industry Analysis Report, By Component (Solution, Services); By Technology, By Deployment Type; By Organization Size; By End-Use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Automatic content recognition captures data, records, and indexes through speech recognition. The goal of this has always been to perform a variety of operational duties linked to content on consolidated platforms. The proliferation of digital identification and the increasing adoption of Social, Mobile, Analytics, and Cloud (SMAC) technologies will support the expansion of the industry.
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In addition, digitalization has become a crucial and common element of the private commercial and non-commercial sectors, but one of the notable aspects driving the growth of the market is the growing demand for digitalization in the government sector. These factors create lucrative growth opportunities in the industry.
The growth of the industry is primarily by the greater penetration of smartphones and mobile devices. In addition, consumer behaviors have evolved as a result of greater connectivity via cell phones and social media. A significant rise in demand for on-demand video services and greater adoption of OTT platforms has significantly contributed to the growth of the industry.
Automatic Content Recognition Market Report Highlights
Polaris Market Research has segmented the automatic content recognition market report based on component, deployment type, technology, organization size, end-user industry, and region:
Automatic Content Recognition, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Automatic Content Recognition, Deployment Type Outlook (Revenue - USD Billion, 2018 - 2030)
Automatic Content Recognition, Technology Outlook (Revenue - USD Billion, 2018 - 2030)
Automatic Content Recognition, Organization Size Outlook (Revenue - USD Billion, 2018 - 2030)
Automatic Content Recognition, End-User Industry Outlook (Revenue - USD Billion, 2018 - 2030)
Automatic Content Recognition, Regional Outlook (Revenue - USD Billion, 2018 - 2030)