Emotion recognition is a technique used in software that allows a program to “read” the emotions on a human face using advanced image processing.
Emotion Detection and Recognition Market Conspectus
Global Emotion Detection and Recognition Market Report demonstrated that Emotion Detection and Recognition market is poised to present surging growth during the predicted period from XXXX million USD in 2019 to XXXX million USD by 2026 with a CAGR of XXXX%. Global economic development, government policy adjustment, related industry dynamics, industrial upgrading, and competition among enterprises are influencing the development of Emotion Detection and Recognition market. A distinctive and comprehensive picture of Emotion Detection and Recognition is embodied in the report.
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Major Participators Landscape
Major participators covered in this report are Affectiva, Emotient, Apple Company, Eyeris, Kairos Ar. Inc, Noldus, Realeyes, Noldus, Tobii AB (publ), Nviso SARL,and Emovu (Eyeris). To cater to the need of consumers, manufacturers focus on product innovation, brand extension, and the introduction of new product. Some of them will be endowed with vital future while others will show a weak growth during the prospective timeframe.
Market Dynamics Abstract
First and foremost, the market growth is primely attributed to the increasing demand for wearable devices such as smart watches, fitness bands, smart glasses, and smart textiles. Secondly, the increasing penetration of Internet of Things is also giving impetus to the Emotion Detection and Recognition market growth. Apart from this, the increasing rate of cybercrime and illegal trespassing is stimulating the usage of biometric authentication and emotion detection systems.
Market Challenges Abstract
On the other side, Emotion Detection and Recognition market growth is anticipated to be retarded by some factors such as the high cost of employment, functional requirements, and misinterpretation in analysis of emotions.
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Emotion Detection and Recognition Type Abstract
On the basis of the type, the Emotion Detection and Recognition can be bifurcated into Facial Recognition, Speech & Voice Recognition, and Bio Sensing.
Emotion Detection and Recognition Application Abstract
The Emotion Detection and Recognition is commonly used into Government, Healthcare, Retail, Entertainment, Transportation, and Others.
Government segment occupied the largest Emotion Detection and Recognition market share. This is primely attributed to the increasing rate of cybercrime and illegal trespassing is stimulating the usage of biometric authentication and emotion detection systems. Government segment includes security& surveillance, authentication, and law enforcement. Governments around the world are inclined toward advanced authentic solutions to diminish wrongdoings and improve regulations. Various governments across the world are allocating a significant share of their budgets for tools that improve situational awareness of their army personal. These tools help them analyze data accrued daily, which, in turn, is used to monitor stress and emotional intelligence of soldiers in critical situations. For instance, in Japan, software for evaluating stress using speech emotion recognition technology was developed to help militaries and civilian citizens dealing with Post Traumatic Stress Disorder (PTSD). This system will be used to investigate emotion (mental stress) by natural speaking voice. Thus, development of this software is boosting the growth of EDR in this sector.
Key Regions Overview
North America is expected to dominate the Emotion Detection and Recognition Market. High investments and growing support from several end-user verticals to provide better services and security are driving the growth of the market in this region. The governments in this region are hosting several R&D activities in the field of EDR.
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