Comprehensive Report on Emotion Recognition Market 2021 Emerging Trends, Growth Analysis, Demand, Opportunities & Business Forecast to 2030| Affectiva, Beyond Verbal, Crowd Emotion Limited, Emotibot Technologies Limited

The Rapid growth of technology, increasing popularity of wearable technology, and the spread of smartphones around the world are driving the global emotional awareness and detection Emotion recognition Market. However, the high cost of applications, diverse functional requirements, misunderstandings of emotional analysis limit the growth of emotional awareness and detection market. The adoption of cloud-based technologies also provides a major opportunity for market expansion.

Global Emotion Recognition Market Research Report by Absolute Markets Insights covers variables such as size, drivers, vulnerabilities, key players, segment overview and geographic outlook. The report involves a deep analysis of current market dynamics along with past statistics. The report includes data on the business environment, value/volume results, marketing tactics and expert viewpoints. The market segmentation provides the customer a comprehensive overview of the overall industry, assisting them in making crucial decisions in terms of their business growth. Then the study also delivers a credible estimation for the predicted period.

In terms of revenue, the global emotion recognition market stood at US$ 599.91 Mn in 2020 and is anticipated to reach US$ 7,204.81+ Mn by 2030, expanding at a CAGR of 32.56%+ during the forecast period.

Key Players Influencing the Emotion Recognition Market: Affectiva, Beyond Verbal, Crowd Emotion Limited, Emotibot Technologies Limited, ENTROPIK TECHNOLOGIES PVT.LTD, Ever Co., Eyeris, Human, iMotions, LIGHTWAVE INC., NEURODATA LAB, Noldus Information Technology, NVISO SA, Q3 technologies, Inc., Realeyes OÜ, Sightcorp, and Ultimate Software amongst others.

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The report covers key developments in the Emotion Recognition market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players are anticipated to lucrative growth opportunities in the future with the rising demand for Emotion Recognition market in the global market. The report also provides exhaustive PEST analysis for all regions considered in the Global Emotion Recognition Market Report.

The study has classified the market into segments including product type, application & more. Every segment is evaluated based on share and growth rate. Besides, the analysts have studied the potential regions that may prove rewarding for the manufacturers in the coming years. The regional analysis includes reliable predictions on value and volume, thereby helping market players to gain deep insights into the overall industry. Besides segmental breakdown, the report is highly structured into a region-wise study. The researchers’ regional analysis highlights key regions and their dominating countries accounting for substantial revenue share in the Emotion Recognition market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR.

Global Emotion Recognition Market is expected to witness improvements in adoption from various industry verticals over the forecast period. Emotion recognition deals with the identification of emotions that are portrayed by humans. These emotions may be portrayed in the form of facial expressions, changes in body posture amongst others. The offerings under the market are receiving demand from industry verticals such as automotive, healthcare, consumer goods, and public safety organizations amongst others.

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The offerings under the emotion recognition include software, hardware and services. The hardware segment primarily includes sensors, processors and other accessories. Software provided for emotion recognition utilizes innovative technologies such as machine learning and artificial intelligence for improvements in analytical capabilities. Organizations are increasing their efforts for researching human emotions so as to create various algorithms that can be used to analyze human emotions. The idea of facial emotion recognition was first devised by Carl-Herman Hjortsjö, who was Swedish expert in the field of anatomy. The system named FACS (Facial Action Coding System) helped in the creation of a taxonomy for human expressions as per their appearance for specific instances. This taxonomy aids the creation of algorithms for emotion recognitions. Users can utilize the various visualization capabilities of the software in order to represent the data fed from the sensors. This data is processed to gain insights regarding the person’s behavior. Inclusion of technologies such as neural networks in the analysis of recognized data would help in the future growth of global emotion recognition market.

Study Objectives of this Report:
• Detailed overview of market.
• Changing market dynamics of the industry.
• In-depth market segmentation by Type, Application etc.
• Historical, current and projected market size in terms of volume and value.
• Recent industry trends and developments.
• Competitive landscape of market.
• Strategies of key players and product offerings.
• Potential and niche segments/regions exhibiting promising growth.
• A neutral perspective towards market performance.
• Market players’ information to sustain and enhance their footprint.

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Global Emotion Recognition Market:
Emotion Recognition Market Segmentation:

By Offerings:
Solutions
Services

By Application:
Facial Emotion Recognition
Posture/Gesture Recognition
Voice Recognition

By Technology:
Machine Learning
Natural Language Processing
Pattern Recognition Network
Others

By Organization Size:
Small and Medium Sized Enterprises
Large Enterprises

By Industry Vertical:
Consumer Goods
Military and Defense
Media and Entertainment
Healthcare
Others

By Region:
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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