IMARC Group, a leading market research company, has recently releases report titled “Emotion Detection and Recognition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global emotion detection and recognition market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Emotion Detection and Recognition Market
Emotion detection and recognition (EDR) is an approach employed to detect and observe human emotions, utilizing various capabilities such as facial recognition, speech and voice recognition, machine learning, pattern recognition, and biosensing, among others. This technique predominantly relies on image processing technologies, which are widely harnessed to identify emotions like happiness, sadness, anger, and more. EDR also has the capability to discern subtle micro expressions like disdain and contempt. Additionally, it extends its scope to scrutinize body postures and gestures, enabling the identification of behavioral patterns. The utilization of emotion detection and recognition spans a diverse array of industries, including but not limited to marketing, advertising, law enforcement, and the medical field.
How Big Is the Emotion Detection and Recognition Market?
The global emotion detection and recognition market size reached US$ 40.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 116.7 Billion by 2028, exhibiting a growth rate (CAGR) of 19.3% during 2023-2028.
Global Emotion Detection and Recognition Market Trends and Drivers:
The predominant driver behind the emotion detection and recognition market’s expansion is the escalating demand for elevated client experiences. Furthermore, the increasing desire for a human element within digital interactions and the widespread adoption of EDR for capturing micro expressions and soliciting customer feedback on products and services are additionally amplifying market growth. Moreover, the surge in employing emotion detection and recognition via wearable devices to capture physiological and behavioral data, thereby facilitating automated responses, stands as another pivotal factor fostering growth. Notably, the application of EDR solutions has gained substantial momentum within governmental entities to surveil crowd behavior and identify potential threats, exerting a positive impact on the global market. Furthermore, the integration of these systems into smart vehicles, providing real-time facial analysis to alert drivers, is further stoking market expansion. Additionally, the infusion of AI and deep learning algorithms to enhance outcomes is anticipated to provide sustained impetus to the emotion detection and recognition market throughout the projected period.
Who Are The Key Players/Companies In The Emotion Detection and Recognition Market?
Affectiva (Smart Eye AB), Cognitec Systems GmbH (SALTO Systems), Emotibot Technologies Limited, Eyeris Technologies Inc., International Business Machines Corporation, Kairos AR Inc., NEC Corporation (AT&T Corporation), Noldus Information Technology bv, NVISO SA, Paravision, Realeyes, Sightcorp BV and SkyBiometry.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Component:
- Software Tools
- Facial Expression Recognition
- Bio-Sensing Software Tools and Apps
- Speech and Voice Recognition
- Services
- Storage and Maintenance
- Consulting and Integration
Breakup by Technology:
- Pattern Recognition Network
- Machine Learning
- Natural Language Processing
- Bio-Sensors Technology
- Feature Extraction and 3D Modelling
- Others
Breakup by Application:
- Law Enforcement, Surveillance and Monitoring
- Marketing and Advertising
- Media and Entertainment
- Others
Breakup by End User:
- Government
- Healthcare
- Retail
- Entertainment
- Transportation
- Defence and Security Agency
- Education
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa