Pune, Maharashtra -- (SBWire) -- 09/11/2023 --The Global Emotion Detection and Recognition Market study with 132+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029. The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. Some of the players studied are 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), Tobii (Sweden).
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The Global Emotion Detection and Recognition Market was valued at USD xx Million in 2023 and is expected to reach USD xx Million by 2029, growing at a CAGR of 33.2% during 2023-2029.
Definition:
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
Market Trends:
Combining multiple data sources, such as facial expressions, voice tone, and text analysis, for more accurate and nuanced emotion recognition. Integrating different modalities allows for a more comprehensive understanding of emotions.
Market Drivers:
Emotion detection and recognition are being used in healthcare settings for various purposes, such as patient monitoring, mental health diagnosis, and therapy. The growing awareness of mental health issues and the need for remote healthcare solutions have contributed to the expansion of this market.
Market Opportunities:
Adoption of Cloud-Based Technology
Growing Need of Strong Authentication Methods and Demand for Agile Data Analytics
Target Audience:
New Entrants/Investors Analysts and Strategic Business Planners New Entrants and Investors Emotion Detection and Recognition Manufacturer Emotion Detection and Recognition Suppliers Government Bodies End-Users Others
Global Emotion Detection and Recognition Market Competitive Analysis
Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: 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), Tobii (Sweden)
Additionally, Past Global Emotion Detection and Recognition Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
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Segmentation and Targeting
Essential demographic, geographic, psychographic, and behavioural information about business segments in the Emotion Detection and Recognition market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.
Emotion Detection and Recognition Product Types In-Depth: Pattern Recognition, Natural Language Processing, Machine Learning, Others
Emotion Detection and Recognition Major Applications/End users: Enterprises, Defense and Security Agencies, Commercial, Industrial, Other
Emotion Detection and Recognition Major Geographical First Level Segmentation:
- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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