Global Emotion Detection and Recognition Market – Industry Trends and Forecast to 2024

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 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Market Definition: Global Emotion Detection and Recognition Market

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. On the others side, misinterpretation in analysis of emotions may hamper the market.

Major market drivers & restraints: Global Emotion Detection and Recognition Market

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

Market Segmentation: Global 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.

On the basis of end user, the global emotion detection and recognition market is segmented into enterprises, defense and security agency, commercial, industrial, and others.

On the basis of geography, the global emotion detection and recognition market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis:

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.

Major Market Competitors: Global Emotion Detection and Recognition Market

Some of the major players of the global emotion detection and recognition market 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.

Research Methodology: Global Emotion Detection and Recognition Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Emotion Detection and Recognition Market – Industry Trends and Forecast to 2024

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