Emotion Detection and Recognition (EDR) Market Future Scope 2022 at CAGR of 12 % by Technology, Research, Size, Top Companies Data till Forecast 2029 | Emotient Inc. (Apple, Inc.), Affectiva Inc., Tobii AB (Publ)

The Global Emotion Detection and Recognition (EDR) Market is forecast to reach a value of USD 4.8 billion by 2028 by rising at a compound annual growth rate (CAGR) of 12% throughout the forecast period from 2019 to 2028

Emotion Detection and Recognition (EDR) Market Overview

Emotion detection recognition (EDR) is a method that uses technology skills such as facial recognition, speech and voice recognition, biosensing, machine learning, and pattern recognition to identify and recognise human emotions. The research being considered looks on the global market for EDR software and services that can recognise fundamental emotions.

The global emotion detection and recognition market is being driven by significant expansion in internet of things technology, increased adoption of wearable technologies, and a massive increase in smartphone usage. Furthermore, technological advancements aid market performance. However, the market's growth is hampered by high application costs and functional requirements, as well as misinterpretation in emotional analysis. The market can benefit from the adoption of cloud-based technology.

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Industry Development

In February 2022, NEC has bolstered its strategic partnership with SAP in order to expedite the company's corporate transformation (CX) and co-create business prospects. Based on the results of the reforms it has achieved using SAP solutions, it will use the latest SAP solutions to accelerate CX. NEC hopes to accomplish data-driven management as a result of this, as well as respond flexibly to changes in the business environment and maximise personnel skills.

In February 2022, Neudesic, a major US cloud services consultancy with a focus on the Microsoft Azure platform and multicloud expertise, was bought by IBM. IBM's portfolio of hybrid multicloud services will be greatly expanded, and the company's hybrid cloud and AI strategy will be further advanced as a result of this acquisition.

Research Methodology:

To calculate the market size, the report considers the revenue generated from the sales of Emotion Detection and Recognition (EDR) market manufacturers. The revenue created from the sales of Emotion Detection and Recognition (EDR) Market has been calculated through primary and secondary research.

The market size assessment also considered leading players revenues as part of triangulation the key players considered are Emotient Inc. (Apple, Inc.), Affectiva Inc., Tobii AB (Publ), Realeyes OU, Noldus, Kairos and Others.

The Emotion Detection and Recognition (EDR) Market has been segmented as below:

Global Emotion Detection and Recognition (EDR) Market by Software Tool Segment, 2019-2028, (in USD million)

Facial Recognition,

Speech and Voice Recognition,

Bio Sensors

Global Emotion Detection and Recognition (EDR) Market by Technology Segment, 2019-2028, (in USD million)

Machine Learning

Artificial Intelligence

Global Emotion Detection and Recognition (EDR) Market by End-Use Industry Segment, 2019-2028, (in USD million)

Government

Health Care

Entertainment

Transportation

Others

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Emotion Detection and Recognition (EDR) Market: Regional Analysis

Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Emotion Detection and Recognition (EDR) market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.

Geographically, the market is dominated by APAC, North America and Europe.

Major Key areas that have been focused on in the report:

Raw material supply analysis
Major trends noticed in the Global Emotion Detection and Recognition (EDR) Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.

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