South Africa Automatic Content Recognition Market Size & Outlook
South Africa automatic content recognition market, 2018-2030 (US$M)
Related Markets
South Africa automatic content recognition market highlights
- The South Africa automatic content recognition market generated a revenue of USD 15.3 million in 2023 and is expected to reach USD 50.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 18.6% 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 15.3 million |
| Market revenue in 2030 | USD 50.5 million |
| Growth rate | 18.6% (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, South Africa accounted for 0.5% 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 Middle East & Africa, Saudi Arabia automatic content recognition market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 43.3 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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South 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 73.2% in 2023. Horizon Databook has segmented the South Africa automatic content recognition market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing influence of social media platforms, such as TikTok, Facebook, Instagram, LinkedIn, etc. is instigating the demand for automatic content recognition (ACR) technology which identifies multimedia content, such as videos, images, and audio clips.
Another important factor driving the market expansion is the increased demand for smart devices and other consumer electronics which are embedded with ACR tools enabling innovative features such as voice commands.
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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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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 South Africa automatic content recognition market , including forecasts for subscribers. This country databook contains high-level insights into South Africa automatic content recognition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa automatic content recognition market size, by component, 2018-2030 (US$M)
South Africa Automatic Content Recognition Market Outlook Share, 2023 & 2030 (US$M)
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