Emotion Detection and Recognition Market - Trends Forecast Till 2028

Market Overview

The global Emotion Detection and Recognition Market is anticipated to reach USD 19.8 billion in 2021 growing at a CAGR of 11.7% during the forecasting period, 2021-2028.

Emotional detection and recognition system is a system that is used to detect the emotional state of a person using their facial expressions. This system uses AI or artificial technology to perform the task. There are multiple controversies related to its basic science as the technology seems to be biased. Along with facial expressions the technology also uses voice, body movement, gesture, speech. The popular algorithm used is ML, SVM, RF, and kNN.

With an increase in demand for speech-based emotion detection systems to judge the state of mind and also the need for socially intelligent agents some of the factors that have supported long-term expansion for the Global Emotion Detection and Recognition industry.

Key Findings

Global Emotion Detection and Recognition Market is segmented into Component, Technology, Application Area, Vertical and geography.

The component segment is segmented into Software (Facial Expression Recognition, Speech & Voice Recognition), Services

Geographically, the global Emotion Detection and Recognition Market is sub-segmented into North America, Europe, Asia-Pacific, Middle East, and Africa and South America, and insights are provided for each region and major countries within the regions

Competitive Landscape

Key players in the global Emotion Detection and Recognition Market are  NEC Global (Japan), IBM (US), Intel (US), Microsoft (US), Apple (US), GestureTek (Canada), Noldus Technology (Netherlands), Google (US), Tobii (Sweden), Cognitec Systems (Germany), Cipia Vision Ltd (Formerly Eyesight Technologies) (Israel), iMotions (Denmark), Numenta (US), Elliptic Labs (Norway), Kairos (US), PointGrab (US), Affectiva (US), nViso (Switzerland), Beyond Verbal (Israel), Sightcorp (Holland), Crowd Emotion (UK), Eyeris (US), Sentiance (Belgium), Sony Depthsense (Belgium), Ayonix (Japan), and Pyreos (UK) among others.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
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• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope