Press release
Global Affective Computing Market Projected to Surpass $280.09 Billion by 2029 with 28.3% Annual Growth
Affective Computing Market Size
The surge in the usage of the Internet of Things (IoT) devices is predicted to boost the expansion of the affective computing market. IoT devices, which are non-traditional computing hardware that wirelessly connects to a network and is capable of data transmission, are utilized in affective computing to comprehend and analyze human emotions via technological means. For example, DataProt, a Republic of Serbia-based cybersecurity firm, disclosed in May 2023 that by the year 2030, the number of IoT devices in operation is expected to exceed 25.4 billion. Further, these devices are forecasted to latch onto the internet at a speed of 152,200 per minute by 2025. Hence, this increasing use of IoT devices is driving the progression of the affective computing market.
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How will the growth rate of the affective computing market shape industry trends by 2034?
The market size of affective computing has seen a significant increase in the past few years. The market, valued at $80.41 billion in 2024, is predicted to surge to $103.46 billion in 2025, with a compound annual growth rate (CAGR) of 28.7%. This growth during the historic period can be linked to the rising use of electronic devices, the spread of gesture-enabled IoT devices in the realm of smart home automation, an increasing demand for voice-operated workstations and navigation systems, the integration of in-car entertainment systems, and a surge in the use of cutting-edge electronic devices.
The market size of affective computing is projected to experience remarkable expansion over the upcoming years, reaching $280.09 billion by 2029 with a compound annual growth rate (CAGR) of 28.3%. This surge in the forecast timeframe is ascribed to the increase in internet usage, the embracing of smart wearable devices and gesture-enabled IoT gadgets for automating smart homes, along with the widespread use of wearable tech and extensive acceptance of cloud-based services. Emerging trends during the prediction interval are the debut of innovative products and technologies, creativity to meet customer demand, the necessity for research in affective computing, and tackling challenges of communication and emotional regulation.
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What trends are poised to drive the future success of the affective computing market?
Leading firms in the affective computing market are developing novel solutions, such as AI-powered facial recognition and emotion detection systems, in order to maintain their market prominence. AI facial recognition and emotion detection technology marries artificial intelligence and computer vision to scrutinize facial expressions and discern emotions exhibited by people. For example, in August 2022, Intetics Inc., an American software development firm, unveiled a cutting-edge AI facial recognition and emotion detection system. This technology leverages machine learning and artificial intelligence to automatically assess sentiment and emotions by studying facial expressions, body language, and other non-verbal indicators. This area includes facial emotion detection and the automated analysis of sentiment extracted from non-verbal signs like body language, vocal patterns, gestures, facial expressions, etc. Emotion detection systems go beyond mere facial recognition, analyzing body language, voice patterns, and other non-verbal cues for a more exhaustive understanding of a person's mood.
Which primary segments of the affective computing market are driving growth and industry transformations?
The affective computing market covered in this report is segmented -
1) By Technology: Touch-Based, Touchless
2) By Component: Hardware, Analytics Software, Cameras, Other Components,
3) By Vertical: Media And Entertainment, Healthcare And Life Sciences, Government And Defense, Banking, Financial Services And Insurance (BFSI), Other Verticals
Subsegments:
1) By Touch-Based: Gesture Recognition, Facial Recognition, Biometric Sensors
2) By Touchless: Voice Recognition, Emotion Detection via Video Analysis, Environmental Sensors
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Which geographical regions are pioneering growth in the affective computing market?
North America was the largest region in the affective computing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the affective computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the affective computing market landscape?
Major companies operating in the affective computing market report are Amazon.com Inc., Apple Inc., Alphabet Inc., Microsoft Corporation, Sony Group Corporation, Panasonic Corporation, Intel Corporation, International Business Machines Corporation, Qualcomm Technologies Inc., NEC Corporation, Tobii Technology AB, Gorilla Technology Group, Noldus Information Technology, Entropic Technologies, Affectiva Inc., Beyond Verbal Communication Ltd., iMotions A/S, Sentiance NV, audEERING GmbH, Gesturetek Inc., NuraLogix Corporation, NVISO Inc., Numenta Inc., Kairos AR Inc., Cipia Vision Ltd.
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What Is Covered In The Affective Computing Global Market Report?
• Market Size Forecast: Examine the affective computing market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the affective computing market for a structured understanding.
• Key Players Overview: Analyze major players in the affective computing market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the affective computing market.
• Segment Contributions: Evaluate how different segments drive overall growth in the affective computing market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the affective computing market.
• Industry Challenges: Identify potential risks and obstacles affecting the affective computing market.
• Competitive Landscape: Review strategic developments in the affective computing market, including expansions, agreements, and new product launches.
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