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Global Emotion Detection And Recognition Market 2023 Technology Scouting, Future Scope, Industry Insights And Forecast To 2032 | Major Players Are Affectiva, Beyond Verbal, Noldus Information Technology, Sentiance, Sightcorp
Emotion Detection And Recognition Market
The Business Research Company's Emotion Detection And Recognition Global Market Report 2023 identifies increasing IoT applications and adoption of wearable devices as the major driver for the Emotion Detection And Recognition Market's growth in the forecast period. 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.
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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Major competitors in the Emotion Detection And Recognition Market are Affectiva, Beyond Verbal, Noldus Information Technology, Sentiance, Sightcorp, Realeyes, CrowdEmotion, Kairos AR Inc., nViso SA, SkyBiometry, Cognitec Systems, Cipia Vision Ltd., iMotions, Elliptic Labs and Kairos.
A key trend in the Emotion Detection And Recognition Market includes wide use of emotion detection and recognition. EDR is used in smart cars to recognize the emotions of the drivers such as from drowsiness detection for driver safety, to identifying whether the driver is attentive or distracted while driving, and building a highly personalized and intimate experience. An EDR software system installed in a device within the car collects data on driver behaviour through real-time facial analysis and alerts the driver, resulting in ensuring safety. For instance, Smart Eye, a Swedish AI company offers Interior Sensing solutions based on Emotion AI of its subsidiary Affectiva. This solution incorporates a camera and sensors in the car that capture data based on facial analysis of the driver to enable road safety and enhance the mobility experience.
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The Emotion Detection And Recognition Market is segmented -
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.
The Business Research Company's "Global Emotion Detection And Recognition Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
30. Appendix
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