Latin America Automatic Content Recognition Market Size & Outlook
Latin America automatic content recognition market, 2018-2030 (US$M)
Related Markets
Latin America automatic content recognition market highlights
- The Latin America automatic content recognition market generated a revenue of USD 136.5 million in 2023.
- The market is expected to grow at a CAGR of 17.9% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 136.5 million |
| Market revenue in 2030 | USD 431.1 million |
| Growth rate | 17.9% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 4.7% of the global automatic content recognition market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,136.3 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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Latin America 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 73.99% in 2023. Horizon Databook has segmented the Latin America automatic content recognition market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Moreover, increased demand for smart devices such as smartphones, wearables, smart TVs, smart home devices, etc., that are equipped with automatic content recognition (ACR) technology is also favoring the expansion of regional market.
The growing prominence of social media platforms, such as WhatsApp, Facebook, Instagram, TikTok, Telegram, Snapchat, etc. is expected to impel the demand for ACR solutions in the region. These solutions help social media platforms understand the type of content consumed by their users, allowing them to push relevant content toward them and facilitate targeted advertising.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America automatic content recognition market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America automatic content recognition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America automatic content recognition market size, by country, 2018-2030 (US$M)
Latin America Automatic Content Recognition Market Outlook Share, 2023 & 2030 (US$M)
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