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Emotion Detection and Recognition Market is Estimated to Grow at a CAGR of 7.9% within the forecast period of 2023-2030: Cognitive Market Research
Emotion Detection and Recognition Market is Estimated to Grow at a CAGR of 7.9% within the forecast period of 2023-2030
Emotion detection recognition (EDR) is a technique used for the detection and recognition of human emotions with the integration of technological capabilities, such as facial recognition, voice recognition and speech, machine learning, biosensing, and pattern recognition.
Summary:
• As per the study of CMR, The Global Emotion Detection and Recognition market is estimated to be valued at USD 22.23 billion in 2022 and is expected to exhibit a CAGR of 7.9% during the forecast period (2023-2030).
• By end user, the government segment is forecasted to dominate the global emotion detection and recognition market.
• North America region has the largest revenue share for the growth of the global emotion detection and recognition market.
To know more about The Emotion Detection and Recognition Market statistics click here: https://www.cognitivemarketresearch.com/emotion-detection-and-recognition-market-report
Emotion Detection and Recognition Market Dynamics:
Emotion Detection and Recognition Market Drivers
The significant growth of the internet of things technology, and the increase in the popularity of wearable technology drive the global emotion recognition and detection market. In addition, the incredible rise in the usage of smartphones is another factor that drives the growth of the global market.
Emotion Detection and Recognition Market Opportunity
The increasing technological advancements in emotion detection and recognition solutions provide the opportunity for the growth of the global market.
What is the restraining factor for the global emotion detection and recognition market?
However, the high cost associated with the functional requirements & application and misunderstanding in the analysis of emotions may hamper the growth of the market.
Emotion Detection and Recognition Market Segmentation:
Software tool:
• Facial Expression and Emotion Recognition
• Gesture and Posture Recognition
• Voice Recognition
The facial recognition segment is forecasted to dominate the global market during the forecast period, due to the growing usage of facial recognition in different industries for access control, authentication, and validation.
Application:
• Law Enforcement Surveillance and Monitoring
• Entertainment and Consumer Electronics
• Marketing and Advertising
• Others
By application, the global market is segmented into Law enforcement surveillance and monitoring, marketing and advertising, entertainment and consumer electronics, and others. The marketing and advertising segment is forecasted to dominate the growth of the global market, due to increasing demand for this segment across the globe.
Technology:
• Biosensors technology
• Machine Learning
• Pattern Recognition
• Feature Extraction
• Natural Language Processing
End User:
• Government
• Healthcare
• Retail
• Entertainment
• Transportation
• Other
By end-user, the market is segmented into retail, entertainment, government, healthcare, transportation, and other end-user verticals. The government segment is forecasted to dominate the global market. This is attributed to the governments across the globe increasingly integrating facial recognition into their initiatives and departments.
Competitive Analysis of Emotion Detection and Recognition Market: Affectiva, Beyond Verbal Communication Ltd., Crowd Emotions, Emotie, Inc., Noldus, nViso, RealEyes, Sentiance, Sightcorp, Tobii, Xovia
Get free sample pages of the latest published Emotion Detection and Recognition Market Report: https://www.cognitivemarketresearch.com/emotion-detection-and-recognition-market-report
North America has the highest revenue share in the global emotion detection and recognition market
North America region has the largest revenue share for the growth of the global emotion detection and recognition market. This is attributed to the presence of countries, such as Canada and the United States which are home to the major retail markets, with demand for the internet of things and smart wearables driving the demand for the target market. Furthermore, Asia Pacific is forecasted to dominate the global market in terms of growth rate. The rising population, robust technical centers, and the presence of a huge number of companies in the region in countries.
Emotion Detection and Recognition Market Recent Development:
Smart Eye acquired an emotion-detection software startup named Affectiva
In May 2021, Smart Eye acquired an emotion-detection software startup named Affectiva a Sweden-based publicly traded company that supplies driver monitoring systems for a dozen automakers, for USD73.5 million in a cash-and-stock deal.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Emotion Detection and Recognition Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Emotion Detection and Recognition Market Segmentation
1.5.1 Emotion Detection and Recognition Market Regional Fragmentation
1.5.1 Emotion Detection and Recognition Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Emotion Detection and Recognition Market
• 3.1 Global Emotion Detection and Recognition Market Size 2018 - 2030, (USD Million)
• 3.2 Global Emotion Detection and Recognition Value, Absolute & Opportunity Analysis
• 3.3 Global Emotion Detection and Recognition Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Emotion Detection and Recognition Market Statistics 2022: Snapshot
Chapter 4 Global Emotion Detection and Recognition Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Emotion Detection and Recognition Market by Software tool Segmentation Analysis (2018-2030)
Chapter 10 Global Emotion Detection and Recognition Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Emotion Detection and Recognition Market by Technology Segmentation Analysis (2018-2030)
Chapter 12 Global Emotion Detection and Recognition Market by End User Segmentation Analysis (2018-2030)
Chapter 13 Global Emotion Detection and Recognition Market Regional Analysis
Chapter 14 North America Emotion Detection and Recognition Market Outlook (2018 - 2030)
Chapter 15 Europe Emotion Detection and Recognition Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Emotion Detection and Recognition Market Outlook (2018 - 2030)
Chapter 17 Latin America Emotion Detection and Recognition Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Emotion Detection and Recognition Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Emotion Detection and Recognition Market TOC click here: https://www.cognitivemarketresearch.com/emotion-detection-and-recognition-market-report#table_of_contents
Related Report:
• Emotion Analytics for Remote Psychotherapy Market- https://www.cognitivemarketresearch.com/emotion-analytics-for-remote-psychotherapy-market-report
• Emotion AI Software Market- https://www.cognitivemarketresearch.com/emotion-ai-software-market-report
• Emotion Analytics Market- https://www.cognitivemarketresearch.com/emotion-analytics-market-report
• Emotion Artificial Intelligence Market- https://www.cognitivemarketresearch.com/emotion-artificial-intelligence-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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