Emotion Detection and RecognitionMarket Analysis, Trends, Growth, Research And Forecast 2032
Emotion Detection And Recognition Market Size, Growth Rate, And Forecast
The global emotion detection and recognition market size grew from $21.88 billion in 2022 to $25.32 billion in 2023 at a compound annual growth rate (CAGR) of 15.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The emotion detection and recognition market size is expected to grow to $45.24 billion in 2027 at a CAGR of 15.6%.
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Emotion Detection And Recognition Market Drivers
The increasing IoT applications and adoption of wearable devices are expected to propel the growth of the emotion detection and recognition (EDR) market. The IoT applications and adoption of wearable devices are increasing due to various reasons such as a shift towards digital processes, productivity with reduced cost and efficiency, collection of accurate data, analysis, and others. This rising adoption of IoT and wearable devices will result in the use of emotion detection and recognition as EDR can be integrated into IoT applications and wearable devices to capture physiological, and behavioural data and responses to analyze and create automated responses based on emotion. This will help derive better decisions and improve the performance and functionalities of a business or product.
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Emotion Detection And Recognition Market Segments
• By Software Tool: Facial Expression And Emotion Recognition, Gesture And Posture Recognition, Voice Recognition
• By Technology: Pattern Recognition Network, Machine Learning, Natural Language Processing, Other Technologies
• By End-User: Commercial, Entertainment, Retail, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the emotion detection and recognition market.
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Emotion Detection And Recognition Market Key Players
Major competitors in the emotion detection and recognition market include Affectiva, Beyond Verbal, Noldus Information Technology, Sentiance, Sightcorp, Realeyes, CrowdEmotion, Kairos AR Inc., nViso SA.
The Business Research Company's "Global Emotion Detection And Recognition Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Emotion Detection And Recognition Market Include:
1. Executive Summary
2. Emotion Detection and Recognition Market Characteristics
3. Emotion Detection and Recognition Market Trends And Strategies
4. Emotion Detection and Recognition Market - Macro Economic Scenario
5. Emotion Detection and Recognition Market Size And Growth
26. Africa Emotion Detection and Recognition Market
27. Emotion Detection and Recognition Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Emotion Detection and Recognition Market
29. Emotion Detection and Recognition Market Future Outlook and Potential Analysis
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