Emotion Detection and Recognition Market Statistics 2020: key Factors behind industry hyper growth

The global emotion detection and recognition market was valued at $5.8 billion in 2016, and is projected to reach at $33.9 billion by 2023, growing at a CAGR of 28.9% from 2017 to 2023. Surge in popularity of wearable technology, growth of Internet of Things, and increase in adoption of smartphones drive the global emotion recognition and detection market. However, high cost of application, varied functional requirements, and misinterpretation in the analysis of emotions restrict this growth. Furthermore, the implementation of cloud-based technology presents a lucrative opportunity for the market.

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North America dominates this market presently, followed by Europe. In 2016, China dominated the Asia-Pacific market; similarly, the UK led the overall market in the European region. The commercial sector led the EDR market by end use with 51.16% market share in 2016. However, the retail sector is anticipated to depict highest CAGR of 31.3% throughout the forecast period.

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The key players profiled in the report include,

• Affectiva

• Beyond Verbal

• Noldus Information Technology

• Sentiance

• Sightcorp

• Realeyes

• CrowdEmotion

• Kairos AR Inc.

• nViso SA.

• SkyBiometry

The Objective of the “Global Emotion Detection and Recognition Market” report is to depict the trends and upcoming for the Emotion Detection and Recognition industry over the forecast years. Emotion Detection and Recognition Market report data has been gathered from industry specialists/experts. Although the market size of the market is studied and predicted from 2017 to 2023 mulling over 2016 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.

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Key questions answered in Emotion Detection and Recognition Market research study:

• What is the market growth rate of Emotion Detection and Recognition Market from 2019-2026?

• What will be the global market size of the market from 2019 to 2026?

• Who are the leading global manufacturing companies in the Emotion Detection and Recognition Market?

• What are the major current trends and predicted trends?

• What are the challenges faced in the Emotion Detection and Recognition Market?

• Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?

• What are the conclusions of the Emotion Detection and Recognition Market report?

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