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According to a new report Asia-Pacific Automatic Content Recognition Market, the market is expected to attain a market size of $9.3 billion by 2022, growing at a CAGR of 34.4% during the forecast period.
Automatic Content Recognition 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. The viewer's experience is automatically enhanced without the need for any manual interaction.
The viewer can then use its companion device or the smart TV to access other applications and social networking tools. By being content aware, the connected device can make use of the broadband connection to retrieve additional content related information.
The different technologies highlighted in the Automatic Content Recognition market are Media & Entertainment, Consumer Electronics, E-Commerce, Education, Automotive, IT & Telecommunication, Healthcare, Defense & Public Safety, Avionics and Others. In 2015, Media & Entertainment segment dominated the Asia-Pacific Automatic Content Recognition market by technology. The segment has generated revenue of $197.0 million in 2015. However, others segment would witness highest CAGR of 39.4% during the forecast period (2016-2022).
In 2015, China dominated the Asia-Pacific Automatic Content Recognition Market. The Country has registered revenue of USD 379.6 million in 2015. However, Malaysia is expected to witness the highest CAGR of 37.3% during the forecast period (2016-2022). Based on the type, the Asia-Pacific Automatic Content Recognition market is bifurcated into Solution and services segment. In 2015, Audio, Video & Image Recognition was the dominating segment. Based on services the market is segmented into professional, managed and value-added services. In 2015, the Professional Services segment dominated the Asia-Pacific Automatic Content Recognition Market by service type. The segment has generated revenue of USD 157.9 million in 2015.
The report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the countries in Asia-Pacific region. The key influencing factors of the Asia-Pacific Automatic Content Recognition market have been discussed in the report along with the elaborated company profiles Microsoft Corporation, Google Inc. (Alphabet Inc.), Nuance Communications, Inc., Digimarc Corporation, Shazam Entertainment Limited, ArcSoft, Inc., Enswers Inc. and Doreso.