Press release
Global Affective Computing Market Expected to be Worth $3530 Million with CAGR 43.2% by 2025 | Top Players: IBM, Microsoft, Eyesight Technologies, Affectiva, gestigon GmbH, Beyond Verbal, nViso SA
Affective Computing Market
In 2018, the global Affective Computing market size was 200 million US$ and it is expected to reach 3530 million US$ by the end of 2025, with a CAGR of 43.2% during 2019-2025.
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Affective computing (also known as artificial emotional intelligence, or emotion AI) is the study and development of systems and devices that can recognize, interpret, process, and simulate human affects. It is an interdisciplinary field spanning computer science, psychology, and cognitive science. While the origins of the field may be traced as far back as to early philosophical inquiries into emotion (“affect” is, basically, a synonym for “emotion.”), the more modern branch of computer science originated with Rosalind Picard’s 1995 paper on affective computing. A motivation for the research is the ability to simulate empathy. The machine should interpret the emotional state of humans and adapt its behavior to them, giving an appropriate response for those emotions.
Two major categories describing emotions in machines are Emotional speech and Facial affect detection. In the forecast perio, Touchless AI models is seeing to is expected to grow at a high rate and hold the largest share of the affective computing market between 2017 and 2025.
Potential applications for affective computing seems limitless. The market for affective computing systems has already started to evolve, with enabling technologies already being adopted across in many areas like market research, healthcare, media & advertisement, automotive, retail, education, communication and so on. In 2017, the healthcare sector recorded the largest market share in terms of affective computing technology implementation, owing to the large number of application areas which include facial expression recognition for the specially abled children (autism, dyslexia, and others) and detection of psychological disorders in this area.
North America is estimated to hold the largest market share (about 33.85%) in 2017 due to the presence of a large number of enterprises deploying affective computing technologies, along with technological advanced scenarios. However, APAC offers the potential growth opportunities for the market to emerge over the coming years and surpass the North American affective computing market in terms of technology adoption. The key factors driving the growth rate in the APAC region include increasing technological implementations and rising smart city investments.
IBM, Microsoft, Eyesight Technologies, Affectiva, gestigon GmbH, Beyond Verbal, nViso SA, and Cogito Corporation, Kairos are some of the major market players in this market. Other prominent vendors include Crowd Emotion, NuraLogix, iMotions, Drive.ai, the Affective Computing Company and etc. Increasing investments in affective computing market and rise in the number of acquisitions of start-ups by leading players such as Affectiva, Eyeris Technologies, IBM, etc., are anticipated to thrive the global market of affective computing over the next few years.
Slow digitization rate across emerging economies, exuberant cost of making affective computing systems, and other operational challenges are the major restraining factors for the growth of the global affective computing market.
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No. of Pages: 93 & Key Players: 11
Key Companies Analyzed in this Report are:
• IBM
• Microsoft
• Eyesight Technologies
• Affectiva
• NuraLogix
• gestigon GmbH
• Crowd Emotion
• Beyond Verbal
• nViso
• Cogito Corporation
• Kairos
• …
Affective Computing Market Report 2019 is a valuable source of insightful data for business strategists. It provides the Affective Computing industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Affective Computing.
The Objective of the Study:
• To study and forecast the market size of Affective Computing in Global
• To analyze the Global key players, SWOT analysis, value and Global Affective Computing market share for top players.
• To identify significant trends and factors driving or constraining the growth of the market.
• To analyze competitive developments such as extensions, contracts, new product launches, mergers, and acquisitions in the market
• To strategically analyze each sub-market in regards to the individual growth trends and their influence in the Affective Computing market.
• technological and market latest trends striking the Affective Computing market.
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Market analysis by product type
• Touch-Based
• Touchless
Market analysis by market
• Market Research
• Healthcare
• Media & Advertisement
• Automotive
• Others
Major Points Covered in Table of Contents:
1 Study Coverage
2 Executive Summary
3 Market Size by Manufacturers
4 Affective Computing Production by Regions
5 Affective Computing Consumption by Regions
6 Market Size by Type
7 Market Size by Application
8 Manufacturers Profiles
9 Production Forecasts
10 Consumption Forecast
11 Upstream, Industry Chain and Downstream Customers Analysis
12 Opportunities & Challenges, Threat and Affecting Factors
13 Key Findings
14 Appendix
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