Emotion Detection and Recognition Market 2028 By Technology, Software Tools, End-User and Geography | The Insight Partners

MARKET OVERVIEW

Emotion detection recognition (EDR) is a method used for detection and recognition of human emotions with the incorporation of technological capabilities, such as facial recognition, speech and voice recognition, biosensing, machine learning, and pattern recognition. The key influencers of the market include the rising need for better customer experience (as emotional connection also plays a key role along with customer satisfaction), the increasing need for a human touch in digital communications (chatbots), and challenges in language context and facial recognition.

MARKET SCOPE

The "Global Emotion Detection and Recognition Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the emotion detection and recognition market with detailed market segmentation by technology, software tools, end user and geography. The report provides key statistics on the market status of the leading emotion detection and recognition market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on technology, the global emotion detection and recognition market is segmented into 3d modelling and feature extraction, natural language processing, bio-sensors, machine learning, others
  
•   On the basis of software tools, the market is segmented into bio-sensing software tools and apps, facial expression, voice and speech recognition
  
•   Based on end user, the market is bifurcated into commercial, industrial, defense and security, corporate, others
  

MARKET DYNAMICS

Drivers:

•   Accretion of speech-based emotion detection systems to analyze emotional states
  
•   Adoption of IoT, AI, Ml, and deep learning technologies across the globe to increase demand.
  
•   Rising need for socially intelligent artificial agents
  

Restraints

•   High production cost of emotion detection and recognition systems
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The emotion detection and recognition market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the emotion detection and recognition market in these regions.

IMPACT OF COVID-19 ON EMOTION DETECTION AND RECOGNITION MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the emotion detection and recognition market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from emotion detection and recognition market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the emotion detection and recognition market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Affectiva
  
•   Beyond Verbal
  
•   Crowd Emotion Limited
  
•   Emotient Inc (Apple Inc.)
  
•   IBM Corporation
  
•   Kairos AR, Inc.
  
•   NVISO SA
  
•   RealEyes
  
•   Sightcorp
  
•   Tobii AB
  
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.