Automatic Content Recognition Market is Led by the Speech Recognition Technology

The automatic content recognition market made a total revenue of USD 2,540.8 million in 2023, and it will reach USD 5,961.6 million by 2030, with a rate of 13% by the end of this decade.

This industry is powered by the increasing acceptance of smart devices, such as tablets and smartphones. This tech helps users attain seamless data synchronization from numerous devices by sharing info on the content being played. This additionality helps content creators and promoters analyze viewers’ engagement and offer the applicable content, which eventually improves the experiences of the viewers’ experiences.

Based on the component, the solutions category had the larger share, of 70%, because of the increasing acceptance of internet-connected video and audio streaming platforms. Hardware components the data from which is collected and analyzed by ACR solutions comprise of computers, smartphones, laptops, and smart TVs, which capture video, audio text, and image content.

The related software makes use of applications based on ML models and AI algorithms to extract meaningful info, by analyzing the astute data, and storing it in secure sources. The progressions in ML and AI have led to enhancements in the accuracy and efficacy of ACR systems, letting them to comprehend and identify the content in a better way.

Speech recognition technology leads the automatic content recognition market, driven by the increasing acceptance of smart devices globally to simplify tasks, get easy access to content, and remotely control various home appliances.

The speech recognition technology allows automatic content recognition systems to classify content, enhanced user experiences, personalize recommendations, and provide multilingual support and instantaneous processing competencies. These solutions likewise automate the devices, by incorporating voice-activated functionalities into them.

The advertisement targeting & pricing category is having a rapid growth in the application segment. By the application of ACR technologies for targeted advertisements and pricing, corporations can advance their audience segmentation by examining viewer experiences based on their preferences and behaviors. This eventually lets them reach the correct audience with tailored ads or provide the best pricing deal.

North America was the leader of the pack, with a share of 45%, in 2023, in the industry. This has a lot to do with the rising acceptance of automatic content recognition solutions & services by more than a few industries, with the growing investments in cutting-edge technologies, for example ML/AI, IoT, and big data analytics.

Furthermore, the existence of an extremely developed media & entertainment sector, content creators, broadcasters, leading streaming platforms, and global players power the industry's growth. Additionally, smart gadgets have observed high sales recently, which eventually drives the industry by allowing companies to use ACR solutions to amass data on consumption of content for analysis.

Due to the rising adoption of smart devices, the demand for automatic content recognition is on the rise. This trend will continue in the future as well.

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Increasing Need in Sanitary and Ceramic Sector Boosts Kaolin Market

The kaolin market was USD 4,734.3 million in 2023, which will increase to USD 6,557.9 million, growing at a 4.9% compound annual growth rate, by 2030.

The growth of this industry is boosted by its surging utilization as a pharmaceutical ingredient as well as the rising need in sanitary and ceramic sectors. 

The paper category, on the basis of application, led the industry, and it will propel at a 5.3% CAGR, during this decade. Kaolin is employed broadly in the paper sector as a coating element, as it provides whiteness as well as improves the finished look of the paper.

Another widespread application of this chemical in paper production is filling. It is utilized as a filler to enhance fiber length and paper printability, by improving ink absorption, enhancing roughness, and reducing pigment holdout and tinting tendency. 

The hydrous category, based on grade, was the largest contributor to the kaolin market, with a 35% share in 2030. The manufacturing procedure is long and requires sorting, crushing, slurring, shifting, centrifugation, and grinding to achieve the anticipated residue, purity, brightness, and particle size; magnetic treatment, and drying. 

However, a decrease in impurities and a rise in brightness are attained in these means, which assists in this category expansion.

APAC is leading the industry, and it is likely to observe the highest growth, of 5.2%, in the years to come. This can be because of the constant industrialization as well as economic expansion, both of which are driving construction activities and people’s salaries. 

China, India, Vietnam, South Korea, and Malaysia are the major contributors to this industry, because of the surging consumption of refractories, cement, paper, and ceramics.

Moreover, Germany is leading the European industry, the U.K., on the other hand, is advancing at the fastest CAGR.

North America will be a significant contributor to the industry in the coming years, because of the rising rate of technological developments and increasing disposable salaries. 

With the surge in demand from the sanitary as well as ceramic sectors, the kaolin industry will continue to grow in the years to come.

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Data Loss Prevention Market Will Reach USD 13,031.0 Million By 2030

By the end of 2023, the market for data loss prevention is expected to be worth USD 3,393.9 million. In addition, it is expected to grow at an annual growth rate of 21.3% and will reach USD 13,031.0 million in 2030 during the forecast period between 2024 and 2030.

This growth of the market can be credited to the increasing cases of cyber-attacks, acceptance of cloud computing in a growing count of industries, and exponential dependency of governments, industries, and individuals on the internet.

During the projection period, small and medium-sized enterprises will experience a higher CAGR, of 21.5%. This development can be credited to the fact that they are becoming more and more reliant on information in the current digital era. Such assets, whether they be client data, economic records, intellectual property, or working data, are important for SMEs to uphold their competitiveness, expand, and grow. SMEs should execute DLP procedures since with great amounts of enterprise and client data comes great responsibility.

On the basis of the industry segment, the BFSI category dominates the industry, because according to reports, in recent years, 27.7% of the cyber-attacks had been on financial establishments.

Attacks through email and the web constantly rank among the most frequent threat channels. Generally, phishing strategies and links to fake websites are distributed through email by hackers with a motive to attain users' login credentials. When hackers get illegal access to monetary and banking firms' networks, numerous different kinds of cyber-attacks can take place. They commonly take benefit of a weakness, like an account that is not in use, and then build backdoors into infected systems. The attacker is, thus, shown in their capability to enter the network, steal data, and even elevate their privileges, to access more sensitive information.

In addition, as public authorities continue to be at a constant risk of lost data due to unauthorized access, the Government industry also contributes significant market revenues. Hackers purposefully deceive government employees into giving them unwitting access to top-secret information. Sometimes accidentally making a mistake also causes private information to be published.

In recent years, the North American region has generated the highest revenue, and the region is also projected to grow at a CAGR of 21.0% during the projection period, credited to the widespread acceptance of big data and cloud techs. The requirement for such solutions has also surged because of the increasing concerns regarding data security and privacy, as the incidence of cyber-attacks has surged. The regional nations have also accepted strict laws for the safety of sensitive information by corporations.

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Waste Heat Recovery Market Will Reach USD 133.2 Billion By 2030

By 2023, the market for waste heat recovery is expected to be worth USD 75.4 billion and it will grow at a compound annual growth rate of 8.5% between 2024 and 2030 in order to exceed USD 133.2 billion by 2030. This growth of the market can be credited to the growing concern for greenhouse gases (GHGs). Along with this, the increasing automation level is causing the growing need for power, and the growing electricity expenses propel the world to produce it sustainably.

Climate change shows a great test for financial, political, social, and environmental dimensions globally. The most lucrative and dependable method to justify carbon releases and saving on expenditures is advancing power effectiveness. Delivering electricity for justifiable financial growth is a shared aim of both advanced and emerging nations.

Industrial amenities produce significant heat during their workings while contributing to a heightened carbon footprint and opposing ecological consequences. Waste heat retrieval systems play a vital role in accelerating the overall electricity efficiency of industrial manufacturing procedures by decreasing the requirement for fossil fuels to produce primary electricity.

The waste heat is transported to a medium or fluid, which can then be utilized to produce steam to propel a turbine in a making facility. Moreover, in the aluminum and copper sectors, the gases generated after recovery can be used to preheat the stock. The benefit of this is a decrease in the danger of explosions that can result from entrapped water vapor.

The cement category is expected to have a high growth rate in the end-user segment during the forecast period. Rapid worldwide growth of the construction sector has given rise to a strong demand for waste heat recovery systems within the cement industry, as well as with regard to other developing economies. In particular, educational, social, retail, health care, and residential sectors have been experiencing such growth in India, China, and Indonesia.

In a wide range of manufacturing processes, heat exhaust gases are discharged into the atmosphere. This heat can be captured and transferred to a different medium such as water or air, with the use of heat exchangers. Recovered heat may be used for the preheating of incoming process fluids, space heating or to generate steam in other processes.

The largest industry for waste heat recovery systems is Europe. The European Union's rules to produce energy from waste and the growing public consciousness of power effectiveness and air pollution are the major industry development propels in this region.

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Federated Learning Market Will Touch USD 260.5 Million in 2030

The federated learning market was USD 128.3 million in 2023, which will increase to USD 260.5 million, progressing at a 10.7% compound annual growth rate, by 2030.

This growth is because of the increasing acceptance of this learning solution across different sectors to improve understanding of organizations and devices, and the growing funding in drug discovery.

Furthermore, its beneficial features like better data privacy, compared to conventional learning, make it exclusive. It enables numerous companies to produce strong deep training models without sharing real data from devices. Therefore, sustaining data confidentiality, protection, convenience to grand data sets to be worked on, and privileged access to data.

The drug discovery category, based on application, was a significant contributor to the industry. This is because of the rising occurrence of illnesses worldwide owing to the mounting populace, decreasing nutritious quality of food, and increasing levels of pollution.

Whereas, the industrial IoT category accounted for a 20% share, in 2023. This can be attributed to the benefits, including enhanced productivity, ease of addition of new business models, and lowered prices, provided by federated learning united with IoT.

Furthermore, the increasing advancement in technology in developed and developing nations and the rising acceptance of big data analytics further boost this category's growth.

In 2023, the automotive & transportation category, based on vertical, was the largest contributor to the federated learning market, with a 35% share. This is because of the increasing sales of vehicles globally, owing to the rising economies and the mounting populace. This results in further traffic on roads and eventually congestion, and people spend hours facing traffic.

This boosts the requirement for federated learning, which with the support of ML and AI algorithms, can assist in managing traffic by adjusting routes and creative solutions for vehicles.

Europe led the industry in 2023, with a 50% share, and it will remain leading throughout this decade. This will be because of the stringent privacy & protection guidelines employed by governments under the General Data Protection Regulation.

Moreover, data privacy is an important feature of federated learning, which complies with these guidelines, therefore, making federated learning an attractive method for businesses in this region.

North America is likely to advance at a considerable rate in the years to come. This will be mainly because of the existence of recognized generated learning solution vendors in this continent.

Furthermore, the extensive funding in R&D particularly in AI and IoT for developing and enhancing FL algorithms and techniques further boosts the industry expansion.

With the increase in the funding for drug discovery, the federated learning industry will progress continuously in the years to come.

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Ethyleneamines Market Will Reach USD 3 177.3 Million By 2030

The worldwide ethylene amines market is estimated to be USD 2 298.9 million in 2023, and the market size is projected to grow at an anticipated compound annual growth rate of 4.8 % from 2024 to 2030 while reaching a value of USD 3 177.3 million by 2030. This growth of the market can be credited to the thriving agriculture sector, the growing need for cars, and the rising use of personal care products and cosmetics. Moreover, the increasing customer awareness regarding cleanliness and hygiene is likely to drive the need for laundry detergents, which will further surge the industry value.

The growing need for light in weight and fuel-effective cars is a major industry propeller. This is mainly because ethyleneamines are utilized in a range of automotive applications, like plastics, corrosion inhibitors, and fuel additives, to decrease their weight and advance their fuel efficiency. 

As per the International Trade Administration (ITA), China is the world’s biggest vehicle industry, and the Chinese government supposes automobile production to touch 36 million units by 2025. Additionally, as per the Society of Indian Automobile Manufacturers (SIAM), in 2021–22, more than 17,617,606 cars were sold, while 21,204,182 were sold in 2022– 23 in India.

In 2023, on the basis of end-use, the resins category leads the industry. With an industry share of 25%, the category is also projected to showcase a significant growth rate in the upcoming years. ethylamines are used to produce different types of resins, such as epoxy and polyamide. 

They are widely used in the production of adhesives, paints, or composite materials. Moreover, to improve the paper's water strength, diethyltaminic polyamines are applied. Paper products are usually lost in strength and disintegrate when they come into contact with moisture or water. This is prevented by wet strength additives, e.g. DETAylated Polyamines, that are cross-linked to the fibers in the paper.

In 2023, the APAC region is leading the industry, and the region is also projected to remain dominant in the future as well. This is primarily because of the economic development and increasing demand for cars. Also, China is the key maker of ethyleneamines for many sectors, like textile, adhesives and paints, and personal care.

 

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Product Engineering Services Market Will Reach USD 1,840.8 Million By 2030

The value of the product engineering services market stood at USD 1,116.5 million in 2023, and this number is projected to reach USD 1,840.8 million by 2030, advancing at a CAGR of 7.5% during the projection period. This is mainly because of the growing demand for smart houses, lesser manufacturing expenditures, and constant innovation and iteration.

The customer enterprise product category leads the industry. This is because an in-depth examination of the client's needs forms the basis of item engineering facilities. When studying client enterprise products, it is vital to identify the problems, workflows, and business measures of a company.

In 2023, the large enterprises category was valued at USD 0.7 billion, advancing at a CAGR of 7.5% during the projection period. This is mainly because the majority of big businesses target to transform more rapidly and function at lower prices. Also, huge enterprises commonly have more money, technical infrastructure, and skilled labor accessible to them. They have the resources to pay for item engineering facilities to build or enhance their mobile items.

Product engineering services offer businesses the capability to work more rapidly and quickly, which progresses client engagement. Samples can be made by an organization utilizing effective digital item growth services to aid business development.

Furthermore, smart establishments know that they should fully use their potential to understand their technology plan. They are required to grow platform knowledge in the latest software, tools, and techs, and also launch new frameworks and accelerators, to apply the ideal products within the establishments.

During the projection period, the SME category is estimated to observe substantial development. This is mainly because SMEs commonly specify in specific domains or niche industries, permitting them to utilize unique item engineering facilities personalized to their needs. This aids them in attracting clients seeking extremely focused and modified solutions.

During the projection period, the APAC product engineering services industry is projected to advance at a CAGR of 7.9%. This is mainly because of the growing expenditure on technology infrastructure and the increasing demand for innovative products and solutions, in the region.

In this region, many countries have become world leaders in their fields of production. These countries have an important R&D emphasis and are recognized for their skill in electronics, automobiles, telecommunications as well as other sectors. This production strength is generating a large demand for product engineering services in support of the development and improvement of new products.

Hence, the key drivers of the product engineering services industry include the increasing emphasis on time-to-market (TTM) products, the growing need for continuing innovation and iteration, the rising acceptance of digital alteration technology, and the rising wish for smart homes, smart electronics, and in-vehicle networking systems.

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