- The Affective Computing market involves the development of systems and devices that can recognize, interpret, process, and simulate human emotions using technologies like facial recognition, speech analysis, and gesture detection, enhancing human-machine interactions.
- The demand for affective computing solutions is significantly driven by the growing adoption of emotion AI in customer service, with 70% of retailers investing in emotion recognition technologies by 2024, and the rise of telehealth, with 60% of healthcare providers using affective computing for mental health monitoring.,
- North America is expected to dominate the Affective Computing market due to significant investments in AI and ML, holding a 30% market share in 2023, driven by key players like Affectiva and IBM.
- Asia-Pacific is expected to be the fastest-growing region during the forecast period due to rapid technological advancements, government support for AI in countries like China and Japan, and increasing demand for smart wearables.
- The Software segment is expected to dominate the market with a market share of 55.0% in 2025 due to the critical role of analytics, facial recognition, and speech recognition software in enabling emotion-aware systems.
