Industry Background:
The global Emotion Recognition and Sentiment Analysis Software market are expected to witness high demand in the forecasted period due to the increasing adoption of IoT, Artificial Intelligence, Machine learning, and deep learning technologies around the world. Emotion detection and recognition is a technology that reads human facial emotions by using advanced image processing. This software can seize human micro-expressions. Also, The software is beneficial for security purposes. Additionally, Emotion recognition and sentiment analysis technologies have been able to capture a wide range of body languages that remain unnoticed even by humans themselves. The rising demand for security purposes is expected to create a lucrative opportunity in the forecasted period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Realeyes, Inc. (United States), nViso S.A. (Switzerland), Sightcorp (Netherlands), Sentiance (Belgium), Affectiva, Inc. (United States), Apple, Inc. (United States), Tobii AB. (Sweden), Kairos AR, Inc. (United States) and Noldus Information Technology (United States) |
According to AMA, the market for Emotion Recognition and Sentiment Analysis Software is expected to register a CAGR of 12.3% during the forecast period to 2027. This growth is primarily driven by Accretion of speech-based emotion detection systems to analyze emotional states and The fueling demand in the automotive ai industry.
Globally, a noticeable market trend is evident The growing trend of using the wearable and Internet of things (IoT) technology
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Realeyes, Inc. (United States), nViso S.A. (Switzerland), Sightcorp (Netherlands), Sentiance (Belgium), Affectiva, Inc. (United States), Apple, Inc. (United States), Tobii AB. (Sweden), Kairos AR, Inc. (United States) and Noldus Information Technology (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The emotion recognition and sentiment analysis software market is undergoing its developing stage, as companies in the market are developing innovative technologies and profoundly investing in R&D activities.
Key Developments in the Market:
On 23rd October 2020, NEC Corporation and new windowRealeyes OÜ (Realeyes) have jointly developed a new emotion analysis service that combines NEC's biometric identification and video analytics technologies with Realeyes' emotion analysis technology. This is part of a collaboration announced in July 2020, and NEC will launch this service in January 2021. NEC aims to capture the top share of the global emotion analysis service market, which is estimated to be worth 360 billion yen (3.4 billion USD).
Influencing Trend:
The growing trend of using the wearable and Internet of things (IoT) technology and The rising number of applications of the software in numerous industry verticals
Market Growth Drivers:
Accretion of speech-based emotion detection systems to analyze emotional states and The fueling demand in the automotive ai industry
Challenges:
The concern related to high functional requirements as well as application costs associated with the deployment of the technology
Restraints:
The issues associated with the high production cost of this software
Opportunities:
The upsurging development of the emotion detection technology and The increasing adoption among end-users
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Emotion Recognition and Sentiment Analysis Software Market
- Analysis about New Entrants in Emotion Recognition and Sentiment Analysis Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Emotion Recognition and Sentiment Analysis Software Study Sheds Light on
The Emotion Recognition and Sentiment Analysis Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Emotion Recognition and Sentiment Analysis Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Emotion Recognition and Sentiment Analysis Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.