What is Emotion Detection and Recognition?
Emotion detection and recognition (EDR) plays an important role in computer vision and artificial intelligence (AI) for understanding and detecting emotions. It is a technique used in software that allows a program to read the emotions on a human face with the help of advanced image processing technologies and machine learning. The very market is expected to rise significantly, due to huge law enforcement investments in security & surveillance infrastructure, increased public awareness, and emergence of enhanced technologies are anticipated to boost the market in the near future
The market study is broken down, by Application (Enterprises, Defense and Security Agencies, Commercial, Industrial and Other) and major geographies with country level break-up. According to AMA, the Global Emotion Detection and Recognition market is expected to see growth rate of 33.2% and may see market size of USD32.65 Billion by 2026.
Analysts at AMA Research estimates that Players from United States and The Netherlands will contribute to the maximum growth of Global Emotion Detection and Recognition market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Affectiva (United States), Beyond Verbal Communication Ltd. (Israel), Crowd Emotions (United Kingdom), Emotient (United States), Emospeech (United States), Eyeris (United States), Good Vibrations (The Netherlands), Kairos AR Inc. (United States), Noldus (The Netherlands), nViso (Switzerland) and Tobii (Sweden) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are RealEyes (England), Sentiance (Belgium) and Sightcorp (The Netherlands).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Emotion Detection and Recognition market by Type, Application and Region.
On the basis of geography, the market of Emotion Detection and Recognition has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Software Tool, the sub-segment i.e. Bio Sensing Software Tools and Apps will boost the Emotion Detection and Recognition market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Bio Sensors Technology will boost the Emotion Detection and Recognition market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Storage and maintenance will boost the Emotion Detection and Recognition market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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Market Trend
- Adoption of machine learning, natural language processing
Market Drivers
- Increasing demand for wearable devices including smart watch, fitness bands, smart glasses and other
- Surging penetration of Internet of Things (IoT) technology
- Rise in Usage of Smartphones
Opportunities
- Adoption of Cloud-Based Technology
- Growing Need of Strong Authentication Methods and Demand for Agile Data Analytics
Restraints
- High Cost of Device and Solutions
- Dearth of Efficient Algorithm
Challenges
- Misinterpretation in Analysis of Emotions
- Lack of Expertise, and Other Operational Challenges
Key Target Audience
Enterprise users, Defense and security agencies, Commercial users, Industrial users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.