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Emotion Detection and Recognition Market Size To See Booming Growth | Sentiance, Sightcorp, Realeyes, CrowdEmotion
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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market.Global ICT exports are anticipated to increase 3.9% on average year fromUS$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by228.2%year over year, while Sierra Leone has decreased by 61.7% year over year.
By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.
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.
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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). 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 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.
KEY MARKET PLAYERS PROFILED
Affectiva
Beyond Verbal
Noldus Information Technology
Sentiance
Sightcorp
Realeyes
CrowdEmotion
Kairos AR, Inc.
nViso SA.
SkyBiometry
KEY MARKET SEGMENTS
BY SOFTWARE TOOL
Facial Expression & Emotion Recognition
Gesture & Posture Recognition
Voice Recognition
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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)
BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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