Market Highlights
The emotion analytics market is developing quickly across the globe. The market development ascribes to the expanding reception of facial biometrics in government and banking and monetary areas for ID cards, visa, driving permit, health care coverage card, and federal retirement aide cards. Moreover, the developing interest for man-made brainpower and huge information analytics drives the emotion analytics market perfectly. In addition, the expanding reception of emotion analytics (EA) across end-client enterprises raises market interest.
Market Research Future (MRFR), in its most recent report on the COVID 19 emotional analytics market, declares that the market valuation is relied upon to reach around USD 25 BN by 2023, developing at 17% CAGR all through the figure time frame (2017-2023). With cutting edge emotion analytics, associations can exploit existing observation foundations, access control, and time and participation applications.
The expanding take-up of emotional analytics in line security control, wrongdoing misrepresentation avoidance and location, and installment frameworks support market development. Emotion analytics can communicate the emotional importance in composed correspondence with the plan of breaking down each creator's emotional likelihood toward an activity. Moreover, Emotions investigation joined with information representation approach further improves the granularity at which brands can examine client conduct and patterns.
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Segmentation:
The report is segmented into five dynamics;
By Type : Facial Analytics, Speech Analytics, Video Analytics, and others.
By Technologies : Artificial Intelligence, Biometrics & Neuroscience, 3D Modeling, Pattern Recognition, Records Management, and others.
By Solution : Mobile & Web Application, Cloud, and others.
By End-Users : Enterprises, Defense & Security Agencies, Commercial, Industrial, and others.
By Regions : Asia Pacific, Americas, Europe, and the Rest-of-the-World.
Global Emotion Analytics Market – Regional Analysis
North America dominates the global emotion analytics market. The largest market share attributes to the increasing adoption of cloud-based face recognition software in organizations. Besides, large technological advancements and increasing uptake of emotion analytics by law enforcement agencies and various other sectors drive the regional market growth.
Moreover, the early adoption of the latest identification and recognition technologies increase the COVID 19 emotion analytics (EA) market. The North American emotion analytics market is projected to retain its dominance throughout the estimated period.
Europe stands second in the global emotion analytics market. The market growth is driven by well-established technology development sectors and the augmenting demand for regulatory support in the region. Additionally, the resurging economy in the region acts as a significant factor substantiating the growth of the market.
Also, increased funding to mitigate security management concerns provides an impetus to the market growth in the region. The European emotion analytics market is expected to witness rapid growth in the years to come.
The emotion analytics market in the Asia Pacific region is growing briskly. Factors driving the regional market growth include substantial advances in related technologies and the availability of cost-competitive yet futuristic identification technologies. Besides, the dynamic growth in industries such as web, telecom, data centers, and the internet of things (IoT) boosts the growth of the regional market.
Global Emotion Analytics Market – Competitive Analysis
Highly competitive, the emotion analytics market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, industry players adopt approaches such as mergers & acquisitions, brand reinforcement, and innovation.
Players make sizable investments in research and development of innovative technologies and upgrade their portfolios with cost-effective solutions. Mergers & acquisitions have been a key strategy for the key players to strengthen their global footprint, increasing their customers' reach. The market competition is predicted to intensify further due to rising innovations and M&A.
Major players:
Players leading the EA market include International Business Machines Corporation (US), Microsoft Corporation (US), Apple, Inc. (US,), Neuromore Inc. (US), Retinad Virtual Reality Inc. (Canada), Imotions A/S (Denmark), Beyond Verbal (Israel), Kairos AR, Inc. (US), Affectiva (US), Adoreboard (UK), Eyris (EmoVu) (US), sensation.io (Germany), RealComm Global LLC (US), iMotions (US), and Lightspeed LLC (US), among others.
Industry/ Innovation/ Related News:
July 28, 2020 ---- NEC Corporation (Japan), a leading information technology & electronics company, announced is Realeyes (the US), a multinational Emotion AI company, to develop and market a new emotion analysis solution globally.
COVID-19 pandemic has promoted virtual meeting experiences as a viable solution. Thanks to wireless 5G technologies that have created brilliant virtual meeting experiences making default methods for communication, collaboration, entertainment, and learning. Moreover, AI technologies help companies safely and effectively understand how users interact with such services and respond to their needs, using COVID 19 Emotional Analytics Software.
NEC has established itself as a leader in the integration of IT and network technologies. Realeyes is a pioneer in artificial emotional intelligence and a leader in computer vision and emotion AI that can empower companies to create remarkable customer experiences that drive growth.
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Global Emotion Analytics Market Research Report: By Type (Facial Analytics), Technologies (Biometrics), Solution (Cloud), End-Users (Industrial) - Forecast Till 2027
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Emotion analytics software programs are used by the organizations in data collection, data classification, data analytics, and data visualization.Market Analysis:According to Infoholic Research, the Worldwide Emotion Analytics market is estimated to witness a CAGR of 82.9% during the forecast period 2016–2022 to aggregate $1,711.0 million by 2022.
The emotion analytics market is analyzed based on five segments – technologies, types, solutions, verticals and regions.
Facial analytics is driving the emotion analytics market as a lot of organizations are showing interest in analyzing customer’s facial expressions and their emotions, which would help them in knowing customer perceptions towards their products.The solutions covered in the report are API & SDK, mobile & web application, cloud and others.
Media & entertainment is the leading industry in the emotion analytics market and education sector will have a lot of opportunities in the next 5 years.
The demand for surveillance cameras for security purposes and videos for media & entertainment and photography & events has increased the growth rate for the video analytics market.Request For Report Discount@ https://www.trendsmarketresearch.com/report/discount/9798 Regional Analysis:North America is the fastest growing region in the world, where a lot of technologies are emerging and being implemented by various organizations.
APAC is expected to have the major market share with a CAGR of 85.8% in emotion analytics followed by EMEA.Key Players:Some of the key players are Microsoft, IBM, Retinad Virtual Reality, Neuromore, Imotions A/S, Kairos, Beyond Verbal, Affectiva, Eyeris (EmoVu), etc.
