The Emotion Detection And Recognition Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Emotion Detection And Recognition Global Market Report 2024, The emotion detection and recognition market size has grown rapidly in recent years. It will grow from $24.54 billion in 2024 to $28.25 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%. The growth in the historic period can be attributed to increasing integration in consumer electronics, rising demand for enhanced customer experience, growing awareness in healthcare.
The emotion detection and recognition market size is expected to see rapid growth in the next few years. It will grow to $49.92 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to rise of remote and virtual interactions, focus on mental health applications, application in education, expanding use in automotive industry, privacy-preserving solutions. Major trends in the forecast period include integration with artificial intelligence (AI) and machine learning (ML), advancements in facial recognition technology, integration with wearable technology, advancements in facial recognition algorithms, application in human-computer interaction.
The increasing IoT applications and adoption of wearable devices are expected to propel the growth of the emotion detection and recognition (EDR) market. The IoT applications and adoption of wearable devices are increasing due to various reasons such as a shift towards digital processes, productivity with reduced cost and efficiency, collection of accurate data, analysis, and others. This rising adoption of IoT and wearable devices will result in the use of emotion detection and recognition as EDR can be integrated into IoT applications and wearable devices to capture physiological, and behavioral data and responses to analyze and create automated responses based on emotion. This will help derive better decisions and improve the performance and functionalities of a business or product. For instance, according to the IoT statistics published in May 2022 by an independent review site DataProt, the number of active IoT devices is expected to surpass 25.4 billion by 2030. By 2025, 152,200 IoT devices will connect to the internet every minute. By 2025, Internet of Things solutions will have the potential to generate $4-11 trillion in economic value. IoT technology has improved the efficiency of 83% of organizations. These statistics indicate that the IoT applications are increasing globally. Thus, the increasing IoT applications and adoption of wearable devices will drive the emotion detection and recognition (EDR) market growth.
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The emotion detection and recognition market covered in this report is segmented –
1) By Software Tool: Facial Expression And Emotion Recognition, Gesture And Posture Recognition, Voice Recognition
2) By Technology: Pattern Recognition Network, Machine Learning, Natural Language Processing, Other Technologies
3) By End-User: Commercial, Entertainment, Retail, Other End Users
Major companies operating in the emotion detection and recognition (EDR) market are focused on product innovations such as face biometrics-based emotion recognition solutions to monitor behavioral metrics in an individual by intuitively detecting the direction of the gaze and head orientation. Facial biometrics-based emotion recognition solutions utilize AI to analyze facial expressions and micro-expressions to determine a person's emotional state. For instance, in January 2021, Herta Security, a Spain-based facial recognition solutions provider company, launched a new video analysis solution called BioObserver, which provides a platform for automatic micro-expression detection based on face biometrics. The AI-based BioObserver can analyze seven basic facial emotions as well as 18 micro-expressions, such as 'frowning,' 'blinking,' or 'raising eyebrows. BioObserver is offered via cloud-based software, enabling customers to rapidly process videos in a short amount of time.
The emotion detection and recognition market report table of contents includes:
1. Executive Summary
2. Emotion Detection And Recognition Market Characteristics
3. Emotion Detection And Recognition Market Trends And Strategies
4. Emotion Detection And Recognition Market - Macro Economic Scenario
5. Global Emotion Detection And Recognition Market Size and Growth
.......
32. Global Emotion Detection And Recognition Market Competitive Benchmarking
33. Global Emotion Detection And Recognition Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Emotion Detection And Recognition Market
35. Emotion Detection And Recognition Market Future Outlook and Potential Analysis
36. Appendix
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Industry OVERVIEW OF Emotion Detection and Recognition MARKET 2020 TO 2026:The market intelligence report on the Global Emotion Detection and Recognition Market offers accurate insights into the industry relating to the leading segments, product types, applications, and the leading geographic regions studied in this report, along with the market value, capacity, production, consumption, gross revenue, market dynamics, and forecast until the year 2026.
The Global Emotion Detection and Recognition Market is expected to deliver a steady growth rate in the forecast duration from 2020 to 2026.
Additionally, the report also gives a historical analysis of the market to use that data to predict future growth trends.The emotion detection and recognition market is forecasted to grow at a rate of 36.9% during the forecast period and reach USD 148.11 Billion in 2026.This report covers the recent COVID-19 incidence and its impact on 777.
This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.Fill in your details to get your hands on an Exclusive Sample of this Report @ https://www.reportsanddata.com/discount-enquiry-form/2162In market segmentation by manufacturers, the report covers the following companies-Crowdemotion Ltd., Affectiva, Beyond Verbal, Kairos Ar, Inc., Emotient, an Apple Company, Eyeris, Realeyes, Noldus, Nviso, and Skybiometry, Sightcorp.Furthermore, the research report projects the changes in the supply-demand dynamics, market value, market competition, leading market players, and market estimations from 2020 to 2026.
The report has been created after analyzing its essential information in the overall Global Emotion Detection and Recognition market 2020, the vital market aspects influencing the market growth in the coming years.
Our team of expert analysts has scrutinized the Emotion Detection and Recognition market report by referring to the data provided by leading companies.In market segmentation by types of Emotion Detection and Recognition, the report covers-Software Tool Type Outlook (Revenue, USD Billion; 2020-2026)Speech and Voice RecognitionBio-Sensing Software Tools and AppsFacial Expression RecognitionTechnology type Outlook (Revenue, USD Billion; 2020-2026)Bio-Sensors TechnologyFeature Extraction and 3D ModelingNatural Language Processing [NLP]Machine LearningPattern RecognitionOthersIn market segmentation by applications of the Emotion Detection and Recognition, the report covers the following uses-Law Enforcement, Monitoring, and SurveillanceEntertainment and Consumer ElectronicsMarketing and AdvertisingMedical emergency and healthcareOthersDo you have questions about the Report or want to inquire about a Discount?
Emotion Detection And Recognition MarketIn this rapidly changing world of technology, emotion detection and recognition market is projected to show major growth prospects during the forecast period.
Due to technological advancements, there is increasing adoption of emotion detection and recognition applications on a wider platform.As compared to other regions, the emotion detection and recognition market in North America is expected to witness significant growth during the forecast period.
Huge governmental investments in security and increased public awareness are major factors driving the market growth of emotion detection and recognition market.In addition to this the region also has a well-established infrastructure which allows higher penetration of devices which ultimately provides high speed connectivity and is expected to be a major factor for the growth of emotion detection and recognition market.The emotion detection and recognition market is growing rapidly over 39% of CAGR and is expected to reach at approx.
USD 65 billion by the end of forecast period.The essential areas where emotion detection and recognition are projected to gain traction include entertainment (signifcantly gaming), healthcare (various types of diagnostics), transportation (autonomous cars), and retail (to enhance customer experience).These advanced solutions capture and examine the human emotions from numerous sources, where the human voice functions as one of the major ones.
Emotion recognition capabilities are required to generate marketing insights, support natural, and efficient human-computer interaction, help to discover entertainment content across large repositories and playlists, enable effective eLearning through e-tutors, and many more.
For instance, Amazon’s Alexa team invested in research to analyze the sound of users’ voices to identify their mood or emotional state.
