Emotion Detection and Recognition Market Demand Analysis 2021 Growth Statistics, Revenue Estimates, COVID-19 Impact, Industry Size, Global Share, Emerging Trends, Top Leading Players with Development Strategies and Forecast 2027

In a software program, emotion recognition provides advanced image processing and allows a program to “read” the emotions of a human face. This procedure involves recognition of a person’s emotional state such as anger, sadness, fear, joy, disgust, surprise, trust, and others. Key players focus on combining image processing techniques with sophisticated algorithms to understand more about a person’s feeling with the help of facial images or videos.

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Rapid growth in Internet of Things technology, rise in popularity of wearable technology, and high smartphone penetration worldwide drive the global emotion recognition and detection market. However, high cost of application, numerous functional requirements, misinterpretation in analysis of emotions restricts the emotion recognition and detection market growth. Moreover, adoption of cloud-based technology presents a major opportunity for market expansion.

The global emotion detection and recognition market is segmented on the basis of software tool, application, technology, end user, and region. Based on software tool, it is divided into facial expression & emotion recognition, gesture & posture recognition, and voice recognition. Based on application, the emotion recognition and detection industry is classified into law enforcement, surveillance, & monitoring; entertainment & consumer electronics; marketing & advertising; and others (e-learning and video games).

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The technology segment includes pattern recognition network, machine learning, natural language processing, and others (bio-sensors technology). The end users covered in this report are commercial, industrial, defense, others (government, retail, entertainment, and transportation). Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players operating in the emotion recognition and detection market are Affectiva, Beyond Verbal, Noldus Information Technology, Sentiance, Sightcorp, Realeyes, CrowdEmotion, Kairos AR, Inc., nViso SA., and SkyBiometry.

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KEY BENEFITS FOR STAKEHOLDERS

This study comprises analytical depiction of the global emotion detection and recognition market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to gain a stronger coverage in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers.

According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology (ICT). With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2023. In today’s society, continuous growth is another reminder of how ubiquitous and crucial technology has become. Over the next few years, traditional tech spending will be driven mainly by big data and analytics, mobile, social, and cloud computing.

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This report analyzes the global primary production, consumption, and fastest-growing countries in the Information and Communications Technology(ICT) market. Also included in the report are prominent and prominent players in the global Information and Communications Technology Market (ICT).

KEY MARKET SEGMENTS

BY SOFTWARE TOOL

Facial Expression & Emotion Recognition
Gesture & Posture Recognition
Voice Recognition

BY APPLICATION

Law Enforcement, Surveillance, & Monitoring
Entertainment & Consumer Electronics
Marketing & Advertising
Others (e-Learning and Video Games)

BY TECHNOLOGY

Pattern Recognition Network
Machine Learning
Natural Language Processing
Others (Bio-sensors Technology)

BY END USER

Commercial
Industrial
Defense
Others (Government, Retail, Entertainment, and Transportation)

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BY Region

North America
U.S.
Canada
Mexico
Europe
UK
France
Germany
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Arica

What is the goal of the report?

The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.

During the forecast period, the report analyzes the growth rate, market size, and market valuation.

The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.

The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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Following are the questions answered by the Market report:

What are the goals of the report?

This market report shows the projected market size for the Emotion Detection and Recognition Market at the end of the forecast period. The report also examines the historical and current market sizes.

On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.

The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.

The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.

The research report includes various factors contributing to the market's growth.

The report analyzes the growth rate, market size, and market valuation for the forecast period.

This report covers aspects of the regional analysis market.

The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

This report analyzes current and future market trends by region, providing information on product usage and consumption.

Reports on the market include the growth rate of every region, based on their countries over the forecast period.

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What factors are taken into consideration when assessing the key market players?

The report analyzes companies across the globe in detail.

The report provides an overview of major vendors in the market, including key players.

Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.

This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

Combined with Porter's Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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