Global Emotion Detection and Recognition Market By Software Tool (Facial Expression and Emotion Recognition, Gesture and Posture Recognition, Bio-Sensing Software Tools and Apps, Speech and Voice Recognition), Technology (Feature Extraction and 3D Modelling, Bio Sensors Technology, Pattern Recognition, Natural Language Processing, Machine Learning and Others), Service (Storage and Maintenance and Consulting and Integration), Application Area (Medical Emergency and Healthcare, Marketing and Advertising, Law Enforcement, Surveillance and Monitoring, Entertainment and Consumer Electronics, Robotics and E-Learning and Others), End User (Enterprises, Defense and Security Agencies, Commercial, Industrial, Personal Users, Government, Retail, Entertainment, Transportation and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Increase in the demand for wearable devices, growing adoption of internet of things technology by small and medium scale organisations and surge in the need for technological advancement to standardize emotion detection are the major factors attributable to the growth of the emotion detection and recognition market. Data Bridge Market Research analyses that the emotion detection and recognition market will exhibit a CAGR of 15.35% for the forecast period of 2021-2028. This means that the emotion detection and recognition market would stand tall at a market value of USD 49.36 billion by 2028.
The emotion detection and recognition technology is based on image processing technologies that are used to detect the emotions of a human face. The emotion detection and recognition technology is used to identify the behavioural patterns along with analysing the gestures and postures of the body.
Increased needs to understand the consumers’ behaviour by the end user verticals will emerge as the major market growth driving factor. Rising data repository services and growing pro liferation of wearable technology will further aggravate the growth of the market. Growth in the research and development proficiencies in speech-based emotion detection systems and rise in the demand for operation excellence are some other factors bolstering the growth of market.
However, huge probability of misreading the emotions will act as a growth restraint for the market. High costs involved in the development and deployment of this technology will further dampen the growth rate of the market. Dearth of skilled personnel or trained expertise and adequate IT infrastructure in developing and underdeveloped economies will yet again hamper the market growth rate.
This emotion detection and recognition market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on emotion detection and recognition market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Emotion Detection and Recognition Market Scope and Market Size
The emotion detection and recognition market is segmented on the basis of software tool, technology, service, application area and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- By the software tool, the emotion detection and recognition market is segmented into facial expression and emotion recognition, gesture and posture recognition, bio-sensing software tools and apps, speech and voice recognition.
- Based on technology, the emotion detection and recognition market is segmented into feature extraction and 3D modelling, bio sensors technology, pattern recognition, natural language processing, machine learning and others.
- On the basis of service, the emotion detection and recognition market is segmented into storage and maintenance and consulting and integration.
- Based on the application area, the emotion detection and recognition market is segmented into medical emergency and healthcare, marketing and advertising, law enforcement, surveillance and monitoring, entertainment and consumer electronics, robotics and e-learning and others.
- On the basis of end user, the emotion detection and recognition market has been segmented into enterprises, defense and security agencies, commercial, industrial, personal users, government, retail, entertainment, transportation and others.
Global Emotion Detection and Recognition Market Country Level Analysis
The emotion detection and recognition market is analysed and market size, volume information is provided by country, software tool, technology, service, application area and end user as referenced above.
The countries covered in the emotion detection and recognition market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the emotion detection and recognition market and will continue to flourish its trend of dominance during the forecast period owing to the existence of major players in this region. Asia-Pacific will however, register the highest CAGR for this period. This is because of the increased penetration of internet of things technology in the region.
The country section of the emotion detection and recognition market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Emotion Detection and Recognition Market Share Analysis
The emotion detection and recognition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to emotion detection and recognition market.
The major players covered in the emotion detection and recognition market report are Affectiva., Noldus Information Technology bv., Kairos AR, Inc., Takema Intelligent Technology (Shanghai) Co., Ltd., NVISO SA., Vocalis Health., Crowd Emotion Limited, Emotient, Inc., Eyeris Technologies, Inc., Realeyes, Sentiance NV., Sightcorp., SkyBiometry UAB, Tobii AB, Mad Street Den Inc., AdMobilize, Emotion Research Lab, Quantic Dream., Emotibot Technologies Limited and iMotions among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.