Emotion Detection and Recognition and Recognition Market
The increasing global penetration of the internet has resulted in the large availability and variations of products on the market. Therefore, companies are forced to focus more on understanding the behavior of consumers and hence, adopt some of the new technological advancements. With the increasing popularity of wearable devices, the goal of identifying behavioral patterns and analyzing gestures and postures of the body has been made possible by adopting emotion detection and recognition technology. That technology is based on image processing, used to detect the emotions of a human face.
The Emotion Detection and Recognition Market size are expected to reach $49.36 billion by 2031, growing at a CAGR of 15.35% during the forecast period of 2022 to 2031.
Emotion Detection and Recognition Market Growth and Trend
The more consumer data that companies store within their database, the more pressing would become the need for its analysis and interpretation. This presents an opportunity for expansion of the global Emotion Detection and Recognition Market, as speech-based emotion detection systems are gaining popularity, due to the higher requirements for operational excellence.
However, what may hinder growth within the Emotion Detection and Recognition Market is the uncertainty of correct interpretation of emotions from computers. In order to ensure excellence in quality, skilled professionals, appropriate IT infrastructure, and technologies must be secured, which involves significant costs that not many can afford.
Emotion Detection and Recognition Market Segmentation
The emotion detection and recognition market are segmented based on a software tool, technology, service, application area, and end-user. According to the software tool, the market is divided into facial expression and emotion recognition, gesture and posture recognition, bio-sensing software tools and apps, speech and voice recognition. Based on technology, the market is segmented into feature extraction and 3D modeling, biosensors technology, pattern recognition, natural language processing, machine learning, and other technologies. By the service type, the emotion detection and recognition can be storage and maintenance, or consulting and integration. On the basis of the application area, the market is segmented to medical emergency and healthcare, marketing and advertising, law enforcement, surveillance and monitoring, entertainment and consumer electronics, robotics, and e-learning, as well as others areas. Finally, based on the end-user, the segments can be categorized as enterprises, defense and security agencies, commercial, industrial, personal users, government, retail, entertainment, transportation, and others.
Emotion Detection and Recognition Market Regional Analysis
A number of country-specific factors affect the Emotion Detection and Recognition Market, amongst which are the regulations in the domestic market, the availability of raw material and consequently its price, the number of production sites and their capacity, and others. On the basis of these factors, North American holds the dominant position within the Emotion Detection and Recognition Market, due to the fact that many of the most profitable companies within the sector are based on its grounds. Although North America is expected to continue holding its leadership position in the future, the Asia Pacific region has demonstrated a growing trend, as a result of the increased usage and penetration of the internet.
Emotion Detection and Recognition Market Share and Competition
The major players operating in the Emotion Detection and Recognition Market 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.
• Historical Revenue and Unit Sales Volume Data (2010 - 2022)
• Forecast Revenue and Unit Sales Volume Data (2021 - 2031)
• Price trend and analysis
• Segment based revenue and unit sales data (2010 - 2031)
• Import/Export Analysis
• Competitive Analysis and Company Profiles
• Product analysis and Strategic framework
Industry segmentation and Revenue Breakdown
Software Tool Type Analysis (Revenue, USD Million, 2021 - 2031)
• Facial Expression and Emotion Recognition
• Gesture and Posture Recognition
• Bio-Sensing Software Tools and Apps
• Speech and Voice Recognition
Technology Type Analysis (Revenue, USD Million, 2021 - 2031)
• Feature Extraction and 3D Modelling
• Bio Sensors Technology
• Pattern Recognition
• Natural Language Processing
• Machine Learning
Service Type Analysis (Revenue, USD Million, 2021 - 2031)
• Storage and Maintenance
• Consulting and Integration
Application Area Analysis (Revenue, USD Million, 2021 - 2031)
• Medical Emergency and Healthcare
• Marketing and Advertising
• Law Enforcement
• Surveillance and Monitoring
• Entertainment and Consumer Electronics
• Robotics and E-Learning
Industry Vertical Analysis (Revenue, USD Million, 2021 - 2031)
• Defense and Security Agencies
• Personal Users
Country Analysis (Revenue, USD Million, 2021 - 2031)
• Rest of South America
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Saudi Arabia
• South Africa
• Rest of the Middle East and Africa
Emotion Detection and Recognition Market Companies
• 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.
• Sentiance NV.
• SkyBiometry UAB
• Tobii AB
• Mad Street Den Inc.
• Emotion Research Lab
• Quantic Dream.
• Emotibot Technologies Limited
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