Press release
Emotion AI Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence
As per the study initiated by Evolve Business Intelligence, the global Emotion AI Market size accounted for USD 1.84 Billion in 2023, growing at a CAGR of 22.74% from 2023 to 2033. Emotion AI, short for Emotion Artificial Intelligence, refers to technology that enables machines to interpret, understand, and respond to human emotions. It involves the use of algorithms, machine learning, and other artificial intelligence techniques to analyze various cues such as facial expressions, tone of voice, body language, and text to infer the emotional state of individuals. Emotion AI systems can detect and recognize emotions such as happiness, sadness, anger, and surprise, allowing for more personalized and responsive interactions in applications ranging from customer service and market research to mental health and human-computer interaction.The Emotion AI market is primarily driven by the growing demand for enhanced human-computer interactions and personalized experiences in various sectors, including customer service, healthcare, and entertainment. Additionally, advancements in artificial intelligence, machine learning, and deep learning technologies are fueling the development of more accurate and sophisticated emotion recognition systems, further stimulating market growth.
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Key Highlights:
• The global Emotion AI Market size was valued at USD 1.84 billion in 2023 growing at a CAGR of 22.74% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Emotion AI Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges.
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Key Players
Some of the major Emotion AI Market players holding high market shares include Realeyes, Beyond Verbal, CrowdEmotion, iMotions, and Sension. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Affectiva
• Emotient
• Kairos
• Noldus Information Technology
• Eyeris
• Realeyes
• Beyond Verbal
• CrowdEmotion
• iMotions
• Sension
Segmental Analysis
Market Segment By Component
• Software
• Service
Market Segment By Enterprise Size
• Large Enterprises
• Small and Medium-sized Enterprises
Market Segment By Application
• BFSI
• Healthcare
• IT and Telecommunication
• Retail and E-commerce
• Government
• Media and Entertainment
• Automotive
• Others
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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• Comprehensive insights.
• Reliable and accurate data.
• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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