Affective Computing Market Emerging Technological Growth, Future Growth and Business Opportunities 2017-2023

Increase in adoption of connected devices across various end-user verticals and continuous advancement in enabling technologies are anticipated to drive the market growth during the forecast period. However, lack of standardization and high production cost are estimated to hamper the market growth.

Key market players (offering affective computing technologies and services) adopted product launch, partnership, geographical expansion, and acquisition as their key strategies to facilitate their business growth and expansion globally.

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The key players profiled in the market are Apple, Inc., Beyond Verbal Communication Ltd., Cognitec Systems GmbH, Elliptic Labs, Eyesight Technologies, Ltd., Gesturetek, Google Inc., IBM Corporation, Microsoft Corporation, and Qualcomm Inc.

The affective computing market is segmented on the basis of type, vertical, and region. Based on type, it is categorized into hardware and software segments. The software segment is divided into analytics software, enterprise software, facial feature extraction, gesture recognition, and speech recognition.

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Based on vertical, it is classified into retail sector, transportation & logistics, IT & telecom, healthcare sector, public sector, banking, financial, services and insurance (BFSI), and others (manufacturing, energy, and utility). The market is analyzed based on four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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Key Benefits

• The study provides an in-depth analysis of the affective computing market and current and future trends to elucidate the imminent investment pockets.

• Information regarding key drivers, restraints, and opportunities and their impact analysis on the market size is provided.

• Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.

• The quantitative analysis of the global market is provided to determine the market potential.

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