Global emotion detection and recognition market size are anticipated to reach over USD 55 Billion by 2025. This can be attributed to the rising adoption of wearable and smart connected devices.
Dallas, United States - October 25, 2020 /MarketersMedia/ —
Emotion detection and recognition is a process that leverages advanced image processing that enables a program or software to detect and recognize the various emotions of an individual. With the help of complex algorithms based on various parameters and emotions such as fear, sadness, joy, anger, surprise, and others the software detects and recognizes emotions. Also, emotion detection and recognition technology have wide applications in security and surveillance, healthcare, and other areas that can help respective authorities in recognizing and detecting potential suspects or personal behaviour. The increasing need for speech, voice, and gesture-based biometric systems to enable multifactor authentication is the key factor boosting the global emotion detection and recognition market growth.
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In addition to this, technological innovation and development is also one of the major factor boosting the growth of the emotion detection and recognition market over the forecast period. However, the growing data regulation and data privacy concerns are expected to impede the market growth. Furthermore, increasing demand for industry-specific solutions is expected to be opportunistic for the market growth in the next few years.
The Global emotion detection and recognition market can be split on the basis of various segments such as technology, Software type, applications, key geographies and key companies. Based on the technology segment, the market is divided into natural language processing (NLP), machine learning, and feature extraction & 3D modelling. Furthermore, on the basis of software type, market can be divided into Gesture Recognition, Bio sensing, Speech & Voice Recognition and Facial Recognition. On the basis of application overview market can be split into Entertainment, Retail, Monitoring & Surveillance, Marketing, Healthcare and many others.
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Looping on the basis of key geographies the Global Emotion detection and recognition Market can be divided into North America (U.S. and Canada), Asia Pacific (India, Japan, China and Rest of APAC), Europe (France, UK, Germany and Rest of Europe), Central and South America (Brazil, Mexico and Rest of Central & South America), Middle East and Africa and Rest of World (RoW). Geographically, North America dominated the global Emotion detection and recognition market and is anticipated to retain its position through the forecast period. However, Asia-pacific is expected to top in terms of highest CAGR of Market.
Major players competing in the global emotion detection and recognition market include iMotions (Denmark), Apple (US), NEC Corporation (Japan), Google (US), Cognitec Systems (Germany), CrowdEmotion (UK), Microsoft (US), Ayonix (Japan), nViso (Switzerland), IBM (US), Eyeris (US), Affectiva (US), Kairos (US), Beyond Verbal (Israel), Tobii (Sweden), Noldus Information Technology (Netherlands), and many more.
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Key Segments of the Global Emotion Detection and Recognition Market
Technology Overview, 2018-2025 (USD Billion)
Natural Language Processing
Machine Learning
Feature Extraction & 3D Modeling
Software Overview, 2018-2025 (USD Billion)
Speech & Voice Recognition
Facial Recognition
Gesture Recognition
Biosensing
Application Overview, 2018-2025 (USD Billion)
Healthcare
Marketing
Monitoring & Surveillance
Retail
Entertainment
Others
Regional Overview, 2018-2025 (USD Billion)
North America
S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
Reasons for the study
The purpose of the study is to give an exhaustive outlook of the global emotion detection and recognition market. Benchmark yourself against the rest of the market.
Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
The study on the global emotion detection and recognition market includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the market segmented based on technology, software, and application. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.
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Source: MarketersMedia
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