India Automatic Content Recognition Market Size & Outlook
India automatic content recognition market, 2018-2030 (US$M)
Related Markets
India automatic content recognition market highlights
- The India automatic content recognition market generated a revenue of USD 80.8 million in 2023 and is expected to reach USD 301.3 million by 2030.
- The India market is expected to grow at a CAGR of 20.7% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Automatic content recognition market data book summary
| Market revenue in 2023 | USD 80.8 million |
| Market revenue in 2030 | USD 301.3 million |
| Growth rate | 20.7% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Apple Inc, Digimarc Corp, Alphabet Inc Class A, Sony Group Corp, International Business Machines Corp, KT Corp ADR, Kudelski SA, Microsoft Corp, Nuance Communications |
Other key industry trends
- In terms of revenue, India accounted for 2.8% of the global automatic content recognition market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China automatic content recognition market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 301.3 million by 2030.
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Automatic Content Recognition Market Scope
Automatic Content Recognition Market Companies
| Name | Profile | # Employees | HQ | Website |
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India automatic content recognition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automatic content recognition market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 73.02% in 2023. Horizon Databook has segmented the India automatic content recognition market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The ongoing digital transformation and increased internet usage in the country is opening lucrative growth avenues for the market. Growing consumer proclivity toward online marketing and e-commerce platforms in the country is creating the demand for ACR solutions further.
ACR facilitates several unique capabilities that enhance the overall user experience. It can identify products within images and videos and help e-commerce platforms make more accurate product recommendations. It also helps with targeted advertising, detection of counterfeit products, inventory management.
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Target buyers of India automatic content recognition market databook
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Our clientele includes a mix of automatic content recognition market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India automatic content recognition market , including forecasts for subscribers. This country databook contains high-level insights into India automatic content recognition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India automatic content recognition market size, by component, 2018-2030 (US$M)
India Automatic Content Recognition Market Outlook Share, 2023 & 2030 (US$M)
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