Emotion Detection and Recognition Market is Projected to Register a Significant Growth Rate of 39% by 2023
Jun 15, 2017
Emotion Detection and Recognition Market, By Technology (Bio Sensors Technology, Pattern Recognition, NLP, Machine Learning, Feature Extraction), Software Tool (Voice Recognition, Facial Expression), Service, Application and End User – Global Forecast 2023
Pune, India - June 15, 2017 /MarketersMedia/ —
Market Highlights
In this rapidly changing world of technology, Emotion Detection and Recognition Market is projected to show major growth prospects during the forecast period. Due to technological advancements, there is increasing adoption of emotion detection and recognition applications on a wider platform.
As compared to other regions, the emotion detection and recognition market in North America is expected to witness significant growth during the forecast period. U.S and Canada are anticipated to drive the growth of emotion detection and recognition market. This is owing to the presence of large number of established players in that region. Huge governmental investments in security and increased public awareness are major factors driving the market growth of emotion detection and recognition market.
In addition to this the region also has a well-established infrastructure which allows higher penetration of devices which ultimately provides high speed connectivity and is expected to be a major factor for the growth of emotion detection and recognition market.
The emotion detection and recognition market is growing rapidly over 39% of CAGR and is expected to reach at approx. USD 65 billion by the end of forecast period.
Emotion Detection and Recognition Market Players:
• Affectiva (U.S.)
• Emotient
• Apple Company (U.S.)
• Eyeris (U.S.)
• Kairos Ar. Inc. (U.S.)
• Noldus (Netherlands)
• nViso. (Switzerland)
• Realeyes (U.K.)
• Sightcorp (Netherlands)
• Sentiance (Belgium)
• Skybiometry (Lithuania)
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Emotion Detection and Recognition Market Segmentation
The emotion detection and recognition market has been segmented on the basis of technology, software tool, service, application and end user. The software tool segment is further bifurcated into speech and voice recognition, facial expression recognition and bio sensing software tools and apps. These software tools help in analyzing human reactions and later linking them with their behavioral patterns to fabricate a conclusion.
Market Research Analysis:
The global emotion detection and recognition market, by geography, has been segmented into North America, Europe, Asia Pacific and Others. In the global emotion detection and recognition market, Asia Pacific is anticipated to witness relatively faster adoption and hence the growth rate as compared to other regions. Within Asia Pacific, emotion detection and recognition market is projected to contribute faster to the growth of revenue backed by increased public awareness and emerging advanced technologies in countries such as Japan, China and India.
Across Europe, countries including Germany, France and the U.K. are anticipated to drive the growth of emotion detection and recognition market. In Europe, the presence of advanced infrastructure and with the increasing adoption of technology and technological advancements in numerous countries is driving the market growth of emotion detection and recognition market. In Europe, the feature extraction and 3D modelling dominated the market share of emotion detection and recognition market. The enterprises market in Europe region contributed for larger share of revenue while the industrial market is expected to gain traction during the forecast period.
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Intended Audience
- Technology investors
- Research/Consultancy firms
- Cloud service providers
- Technology providers
- Industrial users
- Commercial users
- Others
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Source: MarketersMedia
Release ID: 208319
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