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32.7% CAGR growth by 2023 in Emotion Detection & Recognition Market| Key Players - FFECTIVA INC., EMOTIENT INC. (APPLE, INC.), TOBII AB (PUBL), NOLDUS, SIGHTCORP, REALEYES OU, NVISO SARL, KAIROS, EMOVU (EYERIS), amongst others

01-22-2019 07:47 PM CET | IT, New Media & Software

Press release from: Market Prognosis

Market Analysis:

North America to Dominate the Market
High investments and growing support from several end-user verticals to provide better services and security are driving the growth of the market in this region. The governments in this region are hosting several R&D activities in the field of EDR.

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The increasing demand for wearable devices and increasing penetration of Internet of Things (IoT) are the major determinants of the growth of the global EDR solutions market. Countries, such as China, India, Japan, and South Korea, which have a massive population, are putting extra efforts to implement EDR technology to meet the growing expectations. The major application of EDR in government sector includes security & surveillance, authentication, and law enforcement. Governments around the world are inclined toward advanced authentic solutions to diminish wrongdoings and improve regulations. Various governments across the world are allocating a significant share of their budgets for tools that improve situational awareness of their army personal.

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Market Segments:
Emotion Detection & Recognition Market is segmented by:
1. Software & Services: Software(Facial Recognition, Speech & Voice Recognition, Bio Sensing), Services
2. End-user Vertical: Government, Healthcare, Retail, Entertainment, Transportation, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• January 2017 - Voxpopme partnered with Affectiva to enhance emotion recognition software.
• January 2017 - Eyeris Emotional AI and Face Analytics Technology gained momentum for commercialization in the automotive and social robot markets.
• November 2016 - Ubisoft collaborated with Tobii to provide new eye tracking features for the PC versions of WATCH_DOGS 2 and Steep.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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