Emotion Detection and Recognition Market – Trends Forecast Till 2028

Emotion Detection and Recognition Market, By Component (Software (Facial Expression Recognition, Speech & Voice Recognition), Services), Technology, Application Area, Vertical, and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa and South America)

Published Date: March, 2021

Base Year Estimate: 2020

Report ID: D-IT-EDRM-118

Format:  

Number of Pages: 323

Domain: IT & Telecom

Emotion Detection and Recognition Market – Trends Forecast Till 2028

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.

Emotion Detection and Recognition Market

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

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.

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the Global Emotion Detection and Recognition Market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial studies of the global Emotion Detection and Recognition Market. Through secondary, the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess prospects. The following figure depicts the market research methodology used in drafting this report on the Global Emotion Detection and Recognition Market.

 

 

The primary Respondent breakdown is given below:

Emotion Detection and Recognition Market Primary Respondents

 

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Global Emotion Detection and Recognition Market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact the primary respondent to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

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
  • Gain authentic and granular data access for the Global Emotion Detection and Recognition Market to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 19.8 billion

Growth Rate

CAGR of 11.7% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Component, Technology, Application Area, Vertical and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

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).

Available Customization

In addition to the market data for the Global Emotion Detection and Recognition Market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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