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Emotion Detection and Recognition Industry Will Experience A Dazzling Growth | Affectiva, Beyond Verbal, Crowd Emotion Limited., Emotient, Eyeris, Kairos

03-13-2020 01:44 PM CET | IT, New Media & Software

Press release from: Data Bridge Market Research

Emotion Detection and Recognition Industry

Emotion Detection and Recognition Industry

The emotion detection and recognition market research report is a prevalent portrayal of the overall emotion detection and recognition market. In this report, this market is segmented depending on market types, items, innovation, administrations, end-client, and applications for better understanding. The division is required to give the readers fastidious information of the business and the significant components including it. This emotion detection and recognition market uses a top-notch market research technique such as SWOT analysis which highlights the limitations, dangers, drivers, and openings of the overall market. It moreover notes down budgetary elements that are influencing the development rate of this market.

Global emotion detection and recognition market is set to witness a healthy CAGR of 41.93% in the forecast to 2026. This rise in the market value can be attributed due to increasing demand for wearable devices and increasing penetration of Internet of Things. The need for technological advancement to standardize emotion detection and recognition by various industries is driving the market forward.

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Few of the major competitors currently working in the global emotion detection and recognition market are Affectiva, Beyond Verbal, Crowd Emotion Limited., Emotient, Eyeris, Kairos Ar, Noldus Information Technology, NVISO SA., Realeyes, Sentiance, Sightcorp, SkyBiometry, Tobii AB, Mad Street Den Inc., AdMobilize, Emotion Research Lab, Quantic Dream, Emotibot Technologies Limited, iMotions, Vokaturi B.V. The Netherlands, knexus Research Corp., Kneron, EMOJ Graphic Identity among others.

In January 2017, Voxpopme and Affectiva collaborated to improve their emotion recognition software. Affectiva emotion AI will be combined with the Voxpopme platform to enhance the overall experience by analyzing the emotions. The partnership will enable to perform the accurate research on the consumer behavior.

In November 2016, Noldus launched improved software that tracks the animal behaviors in an efficient way and yields the better output data. The launch will improve the offering of the company which will expand the market share of the company.

Key Segmentation: Emotion detection and recognition Market

By Software Tool (Facial Expression & Emotion Recognition, Gesture & Posture Recognition, Bio-Sensing Software Tools and Apps, Speech & Voice Recognition), Technology (Feature Extraction & 3D Modelling, Bio Sensors Technology, Pattern Recognition, Natural Language Processing, Machine Learning, Others), Service (Storage & Maintenance, Consulting & Integration), Application Area (Medical Emergency & Healthcare, Marketing & Advertising, Law Enforcement, Surveillance & Monitoring, Entertainment & Consumer Electronics, Robotics & E-Learning, Others), End User (Enterprises, Defense and Security Agencies, Commercial, Industrial, Personal Users, Government, Retail, Entertainment, Transportation, Others),

What are the major market growth drivers?

Strapping needs to understand the consumers behavior, drives the market growth

Growth in the wearable technology market, is driving the market forward

Increase in the applications in various industries across all the sectors, fosters the growth of the market

Upgradation and advancement in enabling technology and robust data repository drives the growth of the market

Research strategies and tools used of Emotion detection and recognition Market:

This Emotion detection and recognition market research report helps the readers to know about the overall market scenario, strategy to further decide on this market project. It utilizes SWOT analysis, Porter's Five Forces Analysis and PEST analysis.

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