The Global Emotion Detection and Recognition Market accounted for USD 7.3 billion in 2016 growing at a CAGR of 40.1% during the forecast period of 2019 to 2026. Emotion detection and recognition is a technique used in software that allows a program to read the emotions on a human face with the help of advanced image processing technologies. Not only this technology is capable of going through facial expression such as anger, sadness, happiness, and others but also capture subtle body language. It is widely applicable in enterprises, defense and security agency, commercial, industrial, and others. Advancements in enabling technologies and robust data repository, and strong need to understand consumer behavior may act as the major driver the growth of emotion detection and recognition market.
Major Market Drivers are as follows:
- Advancements in enabling technologies and robust data repository
- Strong need to understand consumer behavior
- Increasing adoption of wearable technology
- Increasing applications in numerous industry sectors
- Misinterpretation in analysis of emotions
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Key Market Competitors: Emotion Detection and Recognition Market
Few of the major competitors are Affectiva, Beyond Verbal, CrowdEmotion, Emotient (Apple Inc.), Eyeris Medical Center Pvt. Ltd., Kairos AR, Inc., Noldus Information Technology, nViso SA, Realeyes, Sentiance, Sightcorp, SkyBiometry, Tobii AB, and others.
This Emotion Detection and Recognition Market research report makes available state-of-the-art information about the entire market along with the holistic view of the market. This Emotion Detection and Recognition Market research report displays a complete overview of the market, including myriad of aspects such as product definition, segmentation based on various parameters, and the existing vendor landscape. The report describes estimations about key players and brands in the market with respect to their actions such as developments, product launches, acquisitions, merges, joint ventures and competitive research.
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Market Segmentation: Emotion Detection and Recognition Market
The global emotion detection and recognition market is segmented on the basis of technology into feature extraction and 3D modeling, bio-sensors technology, pattern recognition, natural language processing, machine learning, and others.
On the basis of software tool, the global emotion detection and recognition market is segmented into bio-sensing software tools and apps, and speech and voice recognition.
On the basis of service, the global emotion detection and recognition market is segmented into storage and maintenance, and consulting and integration.
On the basis of application area, the global emotion detection and recognition market is segmented into marketing and advertising, law enforcement, surveillance, and monitoring, entertainment and consumer electronics.
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The report for emotion detection and recognition market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.