Affective Computing Market 2024 is expected to grow at a CAGR of 33.85% With Leading Players Like Google, Microsoft, IBM Corporation, Apple, Cognitec Systems GmbH, Pyreos Limited, eyeSight Technologies

Market Analysis

Global affective computing market projected for USD 12.65 billion in 2016 growing at a CAGR of 33.85% during the forecast period of 2017 to 2024.

Affective computing aspires to reduce the distance between human emotions and machines by developing computational systems that recognize, response, and express emotions. Computer scientists and major players in the market are inclined toward putting more efforts on affective computing to develop a highly intelligent computing system, which enriches the proactive and intelligent humanmachine interaction.

Increase in adoption of connected devices across various end-user verticals and continuous advancement in enabling technologies are anticipated to drive the market growth during the forecast period. However, lack of standardization and high production cost are estimated to hamper the market growth.

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Global affective computing market competition by top players including –
• Google Inc.,
• Microsoft,
• IBM Corporation,
• Apple, Inc,
• Cognitec Systems GmbH,
• Pyreos Limited,
• eyeSight Technologies Ltd.,
• Elliptic Laboratories A/S,
• Affective,
• SOFTKINETIC,
• Intel Saffron,
• Qualcomm Technologies, Inc.,
• Numenta,
• Beyond Verbal,
• GestureTek

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Market Segments:

The global affective computing market is segmented on the basis of technology into touch-based and touch less.
• On the basis of software, the global affective computing market is segmented into speech recognition, gesture recognition, facial feature extraction, analytics software and enterprise software.
• On the basis of hardware, the global affective computing market is segmented into sensors, cameras, storage devices and processors.
• On the basis of vertical, the global affective computing market is segmented into academia and research, media and entertainment, government and defense, healthcare and life sciences, IT and telecom, retail and e-commerce, automotive, banking, financial services, and insurance and others.
Based on geography, the global affective computing market is segmented into 5 geographical regions, such as,
• North America,
• South America,
• Europe,
• APAC,
• MEA .

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This release was published on openPR.