Global Affective Computing Market Expected to Reach 3528.89 million USD by 2025 | Key Players :Google LLC (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Saffron Technologies Inc. (U.S.), Qualcomm Inc. (U.S.), Elliptic Labs A/S (Norway), Eye

Global Affective Computing Market Overview:

Affective computing is a multidisciplinary field of knowledge that involves psychology, cognition and physiology and computer science. Facial expressions, posture, gestures, speech, strength or pace of strikes and changes of temperature hand in a mouse mean changes in the emotional state of the user, which can be detected and interpreted by a computer. For example, the technology includes bracelets that try to capture the emotional signals of the user through vital signs. Due to the growing use of smartphones and connected devices, consumer-focused businesses are finding new ways to stay ahead of the competition through the use of information technology. The application of the focus groups and the survey does not provide a specific emotional state of an end user in relation to a specific product. In addition, your answers may be biased depending on the environmental conditions. The emotional state of a consumer can trigger the commitment to the brand or product and affect the decision to purchase the product. Therefore, knowing the emotional state in real time can help companies sell their products and, as a result, increase their income. Affective Computing is a technology that helps to recognize human decision making by analyzing facial expressions, heart rate, voice and other body parameters. In terms of value, The Global Affective Computing market is valued at 199.87 million USD in 2017 and is expected to reach 3528.89 million USD by the end of 2025, growing at a CAGR of 43.17% between 2017 and 2025.

Global Affective Computing Market Drivers and Restraints:
The increasing adoption of human and mechanical interaction technologies is one of the main drivers of market growth. The main market players focus mainly on affective computing to develop highly intelligent systems for a better interaction between man and computer. The main objective of affective computing is to develop a computer device capable of collecting information about the emotions of users from various sources. Affective Computing will have an impact on many industrial applications, including consumer electronics, customer relationship management (CRM), security, health, virtual reality and robotics. One of the main drivers of the market is the growing adoption of connected devices in different user sectors and the continuous improvement of affective computing technology. However, inadequate standards and high production costs should hinder the growth of the market. Many companies are collaborating with affective IT providers to stimulate research and development in this area. However, companies must analyze the impact of the deployment of these systems before introducing them into the market. This can be a challenge for the providers of affective computing services, since the application of affective computing differs from one company to another, and also on the product or service. The high processing speed of affective computing to record and analyze a human response in real time can accelerate the adoption of this technology in the coming years. Therefore, the use of advanced computer processors, neural networks and sensors must increase in affective computing.

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Geographic Segmentation:
Geographically, Global Affective Computing Market has been divided into regions like North America, Europe and Asia pacific, and Rest of the world. The market has been mainly dominated by North America followed by Europe. Europe is anticipated to become the second-largest contributor to the market.

Global Affective Computing Market analysis includes major companies like Google LLC (U.S.), Microsoft Corporation (U.S.), IBM Corporation (U.S.), Saffron Technologies Inc. (U.S.), Qualcomm Inc. (U.S.), Elliptic Labs A/S (Norway), Eyesight Technologies Ltd. (Israel), Pyreos Limited (Scotland), and Softkinetic Systems (Belgium), SiteCorp. (The Netherlands). Other players in market are Dream Face Technologies (U.S.), Gesturetek(U.S.), Palantir Technologies(U.S.), Affectiva (U.S.), Emotional Recognition(U.K), Numenta (U.S.), CrowdEmotion(U.K), SRI International (U.S.), Feel Wristband (Sentio Solutions)(U.S.), Vokaturi (The Netherlands).

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the aspects influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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