Global procurement intelligence advisory firm, SpendEdge, has announced the release of their 'Automatic Content Recognition Procurement Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the information technology industry. This report breaks down the data and analysis behind the procurement of automatic content recognition solutions and acts as an all-inclusive guide for making smart purchasing decisions.
This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171216005005/en/
Global Automatic Content Recognition Procurement Market Intelligence Report (Graphic: Business Wire)
"The global ACR market is characterized by an increase in demand for media monitoring and second screen synchronization solutions, which are matched by suppliers' technological innovations in their ACR-related products and service portfolio," says SpendEdge procurement research analyst Bhuvaneshwari Udayakumar. "TV manufacturers prefer strategic partnerships with ACR suppliers to imbibe the technology in TV sets as it would allow them to incorporate better product features such as second screen synchronization," added Bhuvaneshwari.
Looking for more insights from this report? Request a free sample report
SpendEdge sample reports are free of charge and provide insights that focus on cost-saving aspects of procurement and optimization of category spend.
Procurement analysts at SpendEdge highlight the following top three market trends that are contributing to the growth of the Global Automatic Content Recognition Market:
- Development of offline content recognition capabilities.
- The rise in adoption of AI for mood analysis.
- Development of ACR-enabled TV loyalty programs.
This report is available at USD 1000 discount for a limited time only: View the report snapshot before purchasing
Development of offline content recognition capabilities:
There is a high demand for the development of offline content recognition capabilities since most of the ACR solutions cannot work without an internet connection. In case of unavailability of appropriate internet connection, the ability of ACR solutions is restricted. Suppliers in this industry have started developing ACRCloud which aims at offering ACR solutions with offline content recognition capabilities. This eliminates the need for the end consumers' device to be connected to the internet.
The rise in adoption of AI for mood analysis:
The suppliers in this market space are increasingly adopting AI, as it will help in identification and categorization of songs as per the mood and emotion. This is because content recognition in the music segment lacks expertise regarding the selection of appropriate songs as per the mood and emotion of the audience. Moreover, the adoption of AI results in the better classification of the content and further enhances audience engagement capabilities of ACR solutions.
Development of ACR-enabled TV loyalty programs:
Developing TV loyalty programs based on ACR technology help in increasing the TV program viewership. The loyalty programs also include points and rewards such as gift coupons that are attained by the users by synchronizing their screen with a program that is broadcasted. These reward points and vouchers can be redeemed to avail various offers. Also, developing such ACR enabled TV loyalty programs help in increasing the customer's engagement due to the rewards.
Get unlimited access to all our reports. Our Insights platform provides ready-to-use procurement research reports, latest supplier news, innovation landscape, markets insights, supplier tracking, and much more at the click of a button. Start your 14-day trial now
We also customize reports to meet clients' requirements.
Browse Related Reports:
- Global Industrial Robots Category Procurement Market Intelligence Report
- Global Projector Category Procurement Market Intelligence Report
- Global Programmable Logic Controllers Category Procurement Market Intelligence Report
- Global Commercial Telematics Category Procurement Market Intelligence Report
About SpendEdge
SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171216005005/en/
Contacts:
SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
hello@spendedge.com
