Emotion Detection and Recognition Market Key Players are: Affectiva, Beyond Verbal, Eyeris, Sentiance, Skybiometry, Kairos, Crowdemotion Limited, Apple, Nviso, and Emovu

Market Overview: -

Emotion Detection and Recognition Market size is expected to witness healthy growth from 2018 to 2024 driven by capability of smart interfaces to understand individual emotions, which results in a personalized user experience. Emotion detection and recognition is a technique to recognize a person’s emotional state using advanced image processing techniques. Organizations have been integrating artificial intelligence algorithms with image processing techniques to analyze complex human emotions through facial patterns.

The global emotion detection and recognition market is gaining popularity, which is attributable to the rising demand for sentiment mapping, usage of bio-sensing software tools, growing cognitive services, and increasing applications in numerous industry sectors such as transportation, healthcare, banking, and government institutions. Currently, the increasing rate of cybercrime and illegal trespassing is driving the usage of biometric authentication and emotion detection systems.

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Top Key Players: -

The major players in the global emotion detection and recognition market are Affectiva, Beyond Verbal, Eyeris, Sentiance, Skybiometry, Tobii AB, Noldus, Sightcorp, Realeyes, Kairos, Crowdemotion Limited, Apple, Nviso, and Emovu. Some of these companies are expanding their presence in the global market by developing innovative solutions for their customers.

Market share calculation in this report is not done based on companies covered in it. The calculation of emotion detection and recognition market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

The North America region holds a significant share of the emotion detection and recognition market due to the presence of a well-established economy, advanced IT infrastructure in the U.S., and a high focus on innovation and technology by the market players. The market is expected to show high growth due to the huge investments in security and surveillance solutions. In the rapidly-growing economies of the Asia Pacific region, the increasing demand for advanced security solutions, the evolution of IoT, and the increasing trend of wearable devices will boost the market growth during the forecast period.

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Misrepresentation in the analysis of emotions can pose a challenge to the global emotion detection and recognition market. Moreover, organizations find it difficult to optimally utilize this technology due to the lack of expertise and operational challenges.

Some of the sectors using the emotion detection and recognition technology include banking and financial institutions, defense, government, retail, entertainment, and manufacturing. The global emotion detection and recognition market is continuously evolving, especially in the form of wearable technology. Wearable bio-sensors are gaining traction in the military, healthcare, and sports sectors. Similarly, the real-time facial-analysis-based applications to improve car safety and to identify the driver’s state of mind are being widely used in the automotive industry. Furthermore, the banking industry is continuously implementing the emotion detection solutions to increase the customer loyalty. Various software solutions such as test analysis software, voice analysis software, and image analysis software are used to analyze emotion-related data and to determine the emotions, creating value for the banks in understanding the customer.

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