Emotion Detection and Recognition Market

The global emotion detection and recognition market is foreseen to grow by 13.2%, from USD 19.87 Billion in 2021 to USD 53.58 Billion in 2029. Accretion of speech-based emotion detection systems to analyze emotional states, adoption of IoT, AI, ML, and deep learning technologies worldwide to increase demand, rising need for socially intelligent artificial agents are some of the factors driving the market for the estimated forecast period. However, high production cost of emotion detection and recognition systems, oligopoly in the development of the speech and voice recognition technologies using neural networks restricting their use for cloud-based services are seen to hamper the market growth for the estimated period.

Market Definition

What is Emotion Detection And Recognition Market?

Emotion detection recognition (EDR) is a method used for detection and recognition of human emotions with the incorporation of technological capabilities, such as facial recognition, speech and voice recognition, biosensing, machine learning, and pattern recognition.

Market Overview

The emotion detection and recognition market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the emotion detection and recognition market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global emotion detection and recognition market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

emotion detection and recognition Market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the emotion detection and recognition market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the emotion detection and recognition market include Affectiva, Apple, Ayonix, Beyond Verbal, Cognitec, Crowdemotion, Elliptic Labs, Eyeris, Gesturetek, Google, IBM, Imotions, Intel, Kairos, Microsoft, NEC, Noldus, Numenta, Nviso, Pointgrab, Pyreos, Sentiance, Sightcorp, Sony Depthsensing Solutions, Tobii.

COVID-19 Impact on Global Emotion Detection And Recognition Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. The impact of COVID-19 on the emotion detection and recognition Market has forced the companies to change their sourcing, pricing, and promotion strategies. The emotion detection and recognition market players are seen focusing more on optimizing the Data Centre & Networking with the rising innovations in the digital sector, which are creating new business models for the Data Centre & Networking industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). The market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics and emotion detection and recognition Market future markets are analyzed to understand their impact on demand for the forecast period. Growth rates have been estimated using correlation, regression and time-series analysis.

Market Segmentation

For the purpose of this report, the global emotion detection and recognition market segmented on the basis of technology, component, software, verticals, application, end user, and region:

Technology Outlook:

On the basis of technology, the market is segmented into biosensors technology, feature extraction and 3D modelling, machine learning (ML), natural learning processing (NLP), and other technologies.

Figure 1 Technology Outlook (Revenue, USD Million, 2021)

Component Outlook:

On the basis of component, the market is segmented into services, software.

Software Outlook:

On the basis of software, the market is segmented into biosensing solutions and apps, facial expression recognition, gesture and posture recognition, speech and voice recognition.

Figure 2 Emotion Detection And Recognition Market By Software (Market Size And Forecast By Value USD Million, 2021 & 2029)