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Affective Computing Market to Grow at CAGR 27% till 2022: TechSci Research Forecast
Global Affective Computing Market
According to TechSci Research report, “Global Affective Computing Market By Technology, By Solution, By End User, Competition Forecast & Opportunities, 2012 – 2022”, global affective computing market is projected to grow at a CAGR of 27.47%, in value terms, during 2017-2022. Growing use of smart wearable devices and increasing deployment of affective computing solutions by most of the Fortune 500 companies for studying and analyzing their target audience coupled with rising number of start-ups is expected to drive global affective computing market during forecast period. Moreover, increasing role of social robots, which are integrated with affective computing solutions, in healthcare and other industries is anticipated to boost demand for affective computing, globally, through 2022.
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"Global Affective Computing Market"
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On the basis of solutions, the global affective computing market has been segmented into facial expression recognition, physiological recognition, speech recognition, and gesture recognition. In 2016, facial expression recognition solutions dominated the market, on account of their ability to map the user expressions and analyze them in real time. However, over the coming years, physiological recognition solutions are expected to emerge as the fastest growing type of affective computing solutions, owing to increase in the number of smart wearable users coupled with the use of these solutions in the healthcare and entertainment industries.
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“Affective computing is the strongest tool for studying consumer behavior and predicting consumer needs. It helps to understand, map and analyze consumers’ behavior to find out their true feelings about the product/service and consequently, it becomes easier to predict what the consumer wants. Not in just market research, affective computing has applications in healthcare, media & advertising, online education, etc., thereby creating huge growth opportunities for global affective computing market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Affective Computing Market By Technology, By Solution, By End User, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth potential of global affective computing market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global affective computing market.
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