NEWS: Emotion Detection and Recognition Market- Global Industry Analysis and Forecast 2020 to 2027
Emotion Detection and Recognition Market: Summary
The Global Emotion Detection and Recognition Market is projected to reach a value of over USD 88.3 billion by 2027 at a CAGR of around 21.2%.
The emotion recognition is refers to a process of identifying the human emotion. Also, it a technique which helps to provide advance image processing as well as a features to read an emotion such as anger, fear, sadness, joy and so on. Whereas, the emotion detection and recognition (EDR) is a method which is being used for recognition and detection of the human emotion, with the help of technological capabilities that includes facial recognition, speech & voice recognition, and pattern recognition.
Hence, this is being implemented to know the about a person’s feeling with the help of a facial image or video. These trend in the technology may lead to boost the growth of the market in the forecast period.
Emotion Detection and Recognition Market: Drivers & Restraints
- Growing Adoption of Wearable Technology
With the growing adoption of wearable technology is witness to boost the growth of the market in the forecast period. Whereas, the wearable technology contain sensors for tracking information which helps to detect the physical traces such as skin temperature, blood pressure as well as the heart rate. As per the Cisco Systems, the number of connected wearable devices is estimated to reach more than 1000 million by 2022. Moreover, the Huami’s latest smartwatch, Amazfit GTS is powered by its Huami Bio Tracker Optical sensor, enabling 24-hour precision heart rate monitoring
Furthermore, the wearable are majorly getting equipped with ECG monitors and can measure electrocardiograms as well as communicate the readings to physicians for diagnosis, and for emergency alerts. Hence, the human emotions such as facial expressions, body postures, and gestures, are accompanied by physiological changes, which can measure with the wearable technology. These growing trend will led to boost the growth of the market in the forecast period.
- High Cost Issue
One of the major key concern of the market high cost issue which may hamper the market growth. Whereas, the emotion detection and recognition system is performing various processes to detect the emotions. Incorporation of such processes and function into a system lead to create a heavy cost to the system. Moreover, the emotion detection application is of different types which includes functional as well as nonfunctional. The functional required face images, image pre-processing, whereas the non-functional required the usability, and scalability.
Hence, these will lead to create a major impact for the growth of the emotion detection and recognition market in the forecast period.
Emotion Detection and Recognition Market: Key Segments
- Segmentation based on Software Tool: Facial Expression & Emotion Recognition, Voice Recognition and Gesture & Posture Recognition.
- Segmentation based on Technology: Pattern Recognition Network, Machine Learning, Natural Language Processing, Bio-sensors Technology, Feature Extraction and 3D Modeling and Others.
- Segmentation based on Service: Storage and Maintenance and Consulting and Integration
- Segmentation based on Application: Law Enforcement, Surveillance, & Monitoring, Entertainment & Consumer Electronics, Marketing & Advertising, E-Learning, Medical Emergency, Video Games and Others.
- Segmentation based on End-User: Commercial, Industrial, Defense, Government, Retail, Entertainment, Transportation and Others.
- Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.
Emotion Detection and Recognition Market: Report Scope
The report on the emotion detection and recognition market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2019–2027Base Year for Market Calculation2020Forecasted Period2021–2027 (2021 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million)Segments IncludedSoftware Tool, Technology, Services, Application, End-User, and RegionRegional CoverageNorth America, Asia-Pacific, Europe, Middle East & Africa, South America
Key Companies Covered
- Google (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Apple (Emotient)
- IBM Corporation
- Noldus Information Technology
- Tobii AB
- NEC Corporation
- Sentiance NV
- NVISO SA
- Other Key Companies
- Eyesight Technologies Ltd.
- Ayonix Corporation
- Cognitec Systems GmbH
- Kairos AR, Inc.
Emotion Detection and Recognition Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Emotion Detection and Recognition Market, by Software Tool
- Facial Expression & Emotion Recognition
- Voice Recognition
- Gesture & Posture Recognition
Emotion Detection and Recognition Market, by Technology
- Pattern Recognition Network
- Machine Learning
- Natural Language Processing
- Bio-sensors Technology
- Feature Extraction and 3D Modeling
Emotion Detection and Recognition Market, by Service
- Storage and Maintenance
- Consulting and Integration
Emotion Detection and Recognition Market, by Application
- Law Enforcement, Surveillance, & Monitoring
- Entertainment & Consumer Electronics
- Marketing & Advertising
- Medical Emergency
- Video Games
Emotion Detection and Recognition Market, by End-User
Emotion Detection and Recognition Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions Answered By The Report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
- Emotion Detection and Recognition Market Providers
- Emotion Detection and Recognition Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Emotion Detection and Recognition Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE EMOTION DETECTION AND RECOGNITION MARKET STUDY