Middle East & Africa Automatic Content Recognition Market Size & Outlook
Middle East & Africa automatic content recognition market, 2018-2030 (US$M)
Related Markets
MEA automatic content recognition market highlights
- The MEA automatic content recognition market generated a revenue of USD 81.4 million in 2023.
- The market is expected to grow at a CAGR of 17.5% 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, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 81.4 million |
| Market revenue in 2030 | USD 251.9 million |
| Growth rate | 17.5% (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, MEA region accounted for 2.8% 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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Middle East & Africa 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 73.59% in 2023. Horizon Databook has segmented the Middle East & Africa automatic content recognition market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa region has been witnessing an exponential rise in the demand for consumer electronics and smart devices. Increased adoption of these devices coupled with the expansion of ecommerce in the region is playing a key role in driving the growth of the regional automatic content recognition market.
The e-commerce platforms greatly rely on automatic content recognition (ACR) technology to provide interactive advertising experiences. It helps them collect data on viewer preferences and behavior, enabling e-commerce platforms to provide personalized product recommendations based on the customer’s buying patterns.
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Target buyers of Middle East & Africa 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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa automatic content recognition market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa automatic content recognition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA automatic content recognition market size, by country, 2018-2030 (US$M)
Middle East & Africa Automatic Content Recognition Market Outlook Share, 2023 & 2030 (US$M)
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