The Presence of Prominent E-commerce Players Like Flipkart, Amazon, Myntra are Booming the Demand for Automatic Content Recognition

The booming e-commerce market has surged the automatic content recognition market. However, the requirement of additional bandwidth and large server infrastructure for applying ACR has thereby hampered the growth of the market.

The global Automatic Content recognition market is expected to grow from USD 1.7 billion in the year 2019 to USD 10.5 billion in 2029 at a compound annual growth rate (CAGR) of 32.9% in the forecast period.

Segmental Outlook

Global Automatic Content Recognition Market has been segmented majorly based on type, application.