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The Emotion Detection and Recognition Market Size was valued at USD 32 Billion in 2023 and is expected to reach USD 129 Billion by 2032 and grow at a CAGR of 16.82% over the forecast period 2024-2032.
Emotion detection & recognition has been gaining much attention nowadays and it is mainly because machine learning (ML) & Artificial Intelligence (AI) have made considerable progress over the past few years. Increase in adoption of biometric technologies. The growing adoption of voice and gesture-based navigation systems mainly in software or hardware is expected to drive market growth. The increased usage of IoT-based technologies, the increase in wearable technology penetration, and the ownership of smartphones are further propelling the growth of the market. That is where emotion detection and recognition come into the game, with this type of software; companies can track human emotions by analyzing facial expressions implemented in computer-vision models based on deep learning algorithms or AI. The software can detect basic emotions (happiness, sadness, anger) and micro-expressions like disdain or contempt. For instance, Modern emotion detection systems can detect basic emotions, such as happiness, sadness, or anger in controlled environments with accuracy levels over 90% for each category sophisticated face detection algorithms monitor as many as 68 facial landmarks inspecting for slight changes in expression. Real-time emotion detection systems can process and analyze facial expressions in just 33 milliseconds.
In human-machine communication systems (including robots, and games), the system must acknowledge emotions which in turn help to develop emotional intelligence. Emotion recognition software helps in improving human-computer interfaces because better responses to user feedback can be given by computers. The accuracy of systems in detecting emotions from speech is estimated to be 75-85% given the quality and depth of emotion. Micro-expression detection and recognition are enabled using specialized algorithms that function efficiently allowing capture of a fleeting microexpression from 1/25th to 1/15th of a second.
Growth of the market is driven by the increasing use of voice-based emotion analytics systems to analyze emotional conditions, global adoption of AI and ML technology in IoT/ deep learning areas need for artificial intelligence automotive applications socially intelligent electronic Wizard machine demand, and pursuit of excellent operating performance. These key drivers together create demand for the emotion detection and recognition market. To achieve robustness and accuracy, machine learning models for emotion recognition are normally trained on large datasets with more than 100,000 annotated images or audio clips. For instance, wearable devices may come with sensors that can continuously monitor up to 250 physiological signals per second (such as heart rate variability or skin conductance or temperature) to determine emotional states.
Market Dynamics
Driver
Rapid developments in AI and machine learning have significantly enhanced the accuracy and efficiency of emotion detection and recognition systems.
The proliferation of wearable devices equipped with emotion-sensing capabilities is expanding the market.
Businesses are increasingly using emotion detection technologies to personalize customer interactions and improve user experience, especially in sectors like retail,
Emotion detection technologies are being used to monitor and improve mental health, providing valuable insights for patient care and therapy.
The growing advancement in artificial intelligence (AI) and machine learning is one of the major potential drivers for the emotion detection and recognition market. Such technologies have helped to improve the accuracy and efficiency of emotion detection systems, resulting in their increased use across diverse domains. Emotion detection systems have become more accurate with AI and ML advancements For example, deep learning models are now able to reach accuracies over 90% in facial emotion recognition for some datasets in controlled environments. In some systems, these models can identify up to 68 facial landmarks that are used to detect even minuscule changes in expressions. Emotion Detection Emotions are universal human interactions and in real-time cases, emotion detection systems could process facial expressions on a 33ms-rate basis so we can have the feedback near to immediately as close.
Consumer electronics have recently integrated AI-powered emotion recognition. For instance, tech firms such as Affectiva and RealEyes have introduced AI-powered emotion recognition software for analyzing viewer responses during video streaming or advertising by 2023. These are data-driven solutions that learn from huge datasets-sometimes more than 100,000 labeled images and videos-the models are trained to recognize numerous emotional states correctly. Furthermore, Natural Language Processing (NLP) developments have driven further improvements in emotive presence detection. Vocal tone and speech patterns now allow emotion recognition in spoken language with somewhat 75-85% accuracy. IBM Watson Tone Analyzer An NLP and AI-enabled tool that predicts the intentional tone of a text using which customer service providers can re-structure communication strategy in terms of customer engagement.
Restraints
The use of emotion detection technologies raises significant privacy and ethical concerns, as they involve the collection and analysis of sensitive personal data.
The development and implementation of advanced emotion detection systems can be costly, which may limit their adoption, especially by smaller enterprises.
Achieving high accuracy in real-world conditions is challenging due to factors such as varying lighting conditions, diverse facial expressions, and different voice tones.
There is a risk of misinterpreting emotions, which can lead to incorrect conclusions and actions, potentially harming user trust and acceptance.
Privacy issues are a major challenge for the emotion detection and recognition market. These technologies typically perform data collection of such personal-sensitive information (facial expressions, voice tones, and physiological signals), growing concerns about security, and well-informed consent. For example, emotion detection systems using face analysis may collect fine-grained data including all 68 facial landmarks which can be used in unintended ways if not properly secured.
The General Data Protection Regulation of 2023 in the European Union would have restricted emotion recognition technologies to use only explicit data, obtained with consent that was clear and informed and used solely for a specified legitimate purpose. Furthermore, compliance with such rules no longer works if you lack the tools to secure data - a very expensive process. A 2022 study by The Electronic Frontier Foundation found that a surge in concern about the misuse of biometric data - with two-thirds of people they surveyed worrying specifically how this seemed dangerous for facial recognition technology. This creates an obstacle to market adoption and growth.
By Tools Insights
The Speech/Voice recognition segment contributed to the largest revenue share in 2023 which is more than 42%. Facial expression and identification technology provide fast, accurate results as well as robust matching capabilities while maintaining non-contact processes supporting applications in border control programs, fighting crime, etc.
Various advantages of facial expression recognition systems are offered like fraud reduction, security enhancement, and process automation face recognition processes have easy integration and a high success rate. Growing consumption by the government, and defence sector on facial recognition technology as well as advancement across all industry verticals were some of the major factors that have been driving this market.
By Technology
Natural Language Processing (NLP) was the largest revenue-generating segment in 2023, which captured a market share of 25%. Today, technologies like NLP, computational linguistics, and affective computing are growing the research & developments surrounding emotion detection & recognition. Furthermore, the industry for AI-based tools is also expected to grow as they can easily interpret emotion spectrums. AI encodes these patterns into structured algorithms via actions such as pattern unit representation, recognition algorithm development, and precision input illustration. Technological progress is expected to propel the market for AI-based emotion detection and recognition, especially in machine learning and natural language processing.
By End-use Vertical
The healthcare and life sciences segment dominated the market and accounted revenue share of 20.4% in 2023, in the health sector where speech recognition technology facilitates data capture within Electronic Health Record (EHR) systems by simplifying for doctors to make notes using voice commands. Enterprises use emotion detection software to reduce or eliminate fraud prevention. It has applications almost in every system or product, automotive to develop and bond emotionally with consumers. By utilizing emotion sensors, companies can gather data to better understand human emotions and enhance customer experiences. Emotion recognition technology is at a nascent stage since varied industries have adopted it to fulfill their specific requirements including security, customized customer experience, and operational efficiency. For example, the automotive industry can use emotion recognition to make user interaction more interesting and reactive through personalized interactions depending on the driver's emotional state.
Regional analysis
The emotion detection and recognition (EDR) market in North America held the largest share of revenues 32% in 2023. The market is driven by an expanding internet of things (IoT) and the emergence with more advanced wearables devices which provides significant growth prospects in the industry. Solid government outlay, and increased requirements in services and security by different business verticals continue to push the growth prospects of the regional market. The major reason behind the dominance of EDR technology in North America is said to be, due to the presence of large tech companies and innovative startups that are working towards driving the development & adoption for efficient deployment of solutions related to enterprise data replication. Markets have continued to rise driven by demand for advanced marketing tools, individualized customer experiences, and health/wellness initiatives. The area is a pioneer of sorts when it comes to technological advancements, especially in AI, ML, and computer vision that fuels EDR technology. North America boasts a strong ecosystem with a robust R&D facility base, universities, and tech firms that have kept the EDR solutions intact making them more qualitative solutions than any other innovations. Rising need for advanced marketing and advertising tools in North America Straight Drive Technologies EDR market-dominated landscape EDR technology allows marketers to picture how customers feel and sentiment, empowering them to create more engaging campaigns, optimize ad effectiveness, or improve their user experience. Both the retail and e-commerce sectors are moving towards widespread adoption of EDR as well to EDR solutions to stay competitive.
The Asia-Pacific region growing with a significant growth rate during the forecast period of 2024-2032. These factors are expected to drive the technology expansion and focus strategies for effective EDR systems in countries such as India, China, etc. The area demographic expands well-built technology hubs as also several organizations in the region advantage of regional growth.
North America
USA
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major players in the Emotion Detection and Recognition Market are IBM CORPORATION, Noldus Information Technology BV, Affectiva, SkyBiometry, Sentiance NV, Kairos AR, Inc., NVISO SA, Intel Corporation, Realeyes, Sightcorp, and other players.
January 2023 - nViso SA (NVISO), a global leader in Human Behavioural Analytics AI, announced the demonstration of its Neuro SDK at CES2023, partnered with Socionext_ENCODE. The new AI-Apps are transferred from NVISO's portfolio, broadening the range of Human behavioural AI apps that BrainChip and its partners can provide using the Akida event-domain neural processor. Action Units, Body Pose, and Gesture Recognition are new features that have been added as part of the release for Evaluation Kit (EVK) version in addition to previously announced Headpose, Facial Landmark, Gaze, Emotion AI Apps.
Sep 2022 - CyberLink Corporation FaceMe AI facial recognition engine has been integrated into MediaTek Genio AIoT platform Built for a variety of industries and jobs, FaceMe's versatile technology applications include security/smart banking/authentication/access control/public safety/smart retail/ etc. with the MediaTek Genio 1200 integration recently achieving outstanding performance in facial recognition accuracy.
July 2022, Secunet, a biometrics and security firm in Germany plans to implement technology that will bring Zurich Airport into compliance with the European Entry/Exit System (EES). Under the EES at land, sea and air borders of Schengen area only third-country nationals are going to be registered with a face image and four fingerprints.
Zoom, Video communication provider Zoom developed an algorithm in April 2022 using Artificial Intelligence (AI) to track and interpret emotions of the user. This is because it indicates the “sentiment” of a business deal.
Intetics In August 2022, Intetics introduced a new AI facial recognition and detection solution for enterprises. Such factors help to enhance the services through a better understanding of the users that drive the market growth.
Noldus and Affectiva In May 10, 2023, Noldus and Affectiva announced a partnership with the University of Amsterdam to develop new research in the field of emotion detection and recognition. The partnership will focus on developing new methods for measuring and understanding emotions.
Report Attributes | Details |
Market Size in 2023 | US$ 32 Bn |
Market Size by 2032 | US$ 129 Bn |
CAGR | CAGR of 16.82 % From 2023 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Component (Software, Services) • By Application (Surveillance and Monitoring, Marketing and Advertising, Robotics and eLearning, Medical Emergency, Others) • By Tools (Facial Recognition, Speech and Voice Recognition, Gesture & Posture Recognition) • By Technology (Biosensors technology, Machine Learning, Pattern Recognition, Feature Extraction, Natural Language Processing) • By End-use Vertical (BFSI, Healthcare & Life Sciences, IT & Telecommunication, Retail and eCommerce, Education, Media and Entertainment, Automotive, Others) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
Company Profiles | IBM CORPORATION, Noldus Information Technology BV, Affectiva, SkyBiometry, Sentiance NV, Kairos AR, Inc., NVISO SA, Intel Corporation, Realeyes, Sightcorp |
Key Drivers | • Increasing Adoption of AI and ML • Rising Demand for Human-Computer Interaction |
Market Restraints | • The use of emotion detection raises privacy and ethical concerns related to data collection and potential misuse of emotional data. • The accuracy of emotion detection systems can be affected by environmental factors leading to challenges in real-world deployment. |
Ans. The Compound Annual Growth rate for Emotion Detection and Recognition Market over the forecast period is 16.82 %.
Ans. USD 129 Billion is the projected market size of the Emotion Detection and Recognition Market size by 2032.
Ans. The Emotion Detection and Recognition Market is a market that focuses on the development and implementation of technology that can detect and recognize human emotions. This technology is used in various industries, including marketing, healthcare, and security.
Ans. Emotion Detection and Recognition technology has many applications in different fields, including market research, surveillance and monitoring, marketing and advertising, robotics and E-learning, medical emergency, and others.
Ans. The Emotion Detection and Recognition Market is segmented by technology into the following categories. Feature Extraction and 3D Modeling, Bio-Sensors and Wearables, Natural Language Processing, Machine Learning and Artificial Intelligence.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Emotion Detection and Recognition Market Segmentation, by Component
9.1 Introduction
9.2 Trend Analysis
9.1 Software
9.2 Services
10. Emotion Detection and Recognition Market Segmentation, by Application
10.1 Introduction
10.2 Trend Analysis
10.1 On-Premises
10.2 Cloud
11. Emotion Detection and Recognition Market Segmentation, by Tools
11.1 Introduction
11.2 Trend Analysis
11.1 Large Enterprises
11.2 SMEs
12. Emotion Detection and Recognition Market Segmentation, by Technology
12.1 Introduction
12.2 Trend Analysis
12.1 Lead Management
12.2 Data Management
12.3 Analytics and Reporting
12.4 Others
13. Emotion Detection and Recognition Market Segmentation, by End-use Vertical
13.1 Introduction
13.2 Trend Analysis
13.1 BFSI
13.2 IT & Telecom
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 Trend Analysis
14.2.2 North America Emotion Detection and Recognition Market by Country
14.2.3 North America Emotion Detection and Recognition Market by Component
14.2.4 North America Emotion Detection and Recognition Market by Application
14.2.5 North America Emotion Detection and Recognition Market by Tools
14.2.6 North America Emotion Detection and Recognition Market, by Technology
14.2.7 North America Emotion Detection and Recognition Market, by End-use Vertical
14.2.8 USA
14.2.8.1 USA Emotion Detection and Recognition Market by Component
14.2.8.2 USA Emotion Detection and Recognition Market by Application
14.2.8.3 USA Emotion Detection and Recognition Market by Tools
14.2.8.4 USA Emotion Detection and Recognition Market, by Technology
14.2.8.5 USA Emotion Detection and Recognition Market, by End-use Vertical
14.2.9 Canada
14.2.9.1 Canada Emotion Detection and Recognition Market by Component
14.2.9.2 Canada Emotion Detection and Recognition Market by Application
14.2.9.3 Canada Emotion Detection and Recognition Market by Tools
14.2.9.4 Canada Emotion Detection and Recognition Market, by Technology
14.2.9.5 Canada Emotion Detection and Recognition Market, by End-use Vertical
14.2.10 Mexico
14.2.10.1 Mexico Emotion Detection and Recognition Market by Component
14.2.10.2 Mexico Emotion Detection and Recognition Market by Application
14.2.10.3 Mexico Emotion Detection and Recognition Market by Tools
14.2.10.4 Mexico Emotion Detection and Recognition Market, by Technology
14.2.10.5 Mexico Emotion Detection and Recognition Market, by End-use Vertical
14.3 Europe
14.3.1 Trend Analysis
14.3.2 Eastern Europe
14.3.2.1 Eastern Europe Emotion Detection and Recognition Market by Country
14.3.2.2 Eastern Europe Emotion Detection and Recognition Market by Component
14.3.2.3 Eastern Europe Emotion Detection and Recognition Market by Application
14.3.2.4 Eastern Europe Emotion Detection and Recognition Market by Tools
14.3.2.5 Eastern Europe Emotion Detection and Recognition Market by Technology
14.3.2.6 Eastern Europe Emotion Detection and Recognition Market, by End-use Vertical
14.3.2.7 Poland
14.3.2.7.1 Poland Emotion Detection and Recognition Market by Component
14.3.2.7.2 Poland Emotion Detection and Recognition Market by Application
14.3.2.7.3 Poland Emotion Detection and Recognition Market by Tools
14.3.2.7.4 Poland Emotion Detection and Recognition Market by Technology
14.3.2.7.5 Poland Emotion Detection and Recognition Market, by End-use Vertical
14.3.2.8 Romania
14.3.2.8.1 Romania Emotion Detection and Recognition Market by Component
14.3.2.8.2 Romania Emotion Detection and Recognition Market by Application
14.3.2.8.3 Romania Emotion Detection and Recognition Market by Tools
14.3.2.8.4 Romania Emotion Detection and Recognition Market by Technology
14.3.2.8.5 Romania Emotion Detection and Recognition Market, by End-use Vertical
14.3.2.9 Hungary
14.3.2.9.1 Hungary Emotion Detection and Recognition Market by Component
14.3.2.9.2 Hungary Emotion Detection and Recognition Market by Application
14.3.2.9.3 Hungary Emotion Detection and Recognition Market by Tools
14.3.2.9.4 Hungary Emotion Detection and Recognition Market by Technology
14.3.2.9.5 Hungary Emotion Detection and Recognition Market, by End-use Vertical
14.3.2.10 Turkey
14.3.2.10.1 Turkey Emotion Detection and Recognition Market by Component
14.3.2.10.2 Turkey Emotion Detection and Recognition Market by Application
14.3.2.10.3 Turkey Emotion Detection and Recognition Market by Tools
14.3.2.10.4 Turkey Emotion Detection and Recognition Market by Technology
14.3.2.10.5 Turkey Emotion Detection and Recognition Market, by End-use Vertical
14.3.2.11 Rest of Eastern Europe
14.3.2.11.1 Rest of Eastern Europe Emotion Detection and Recognition Market by Component
14.3.2.11.2 Rest of Eastern Europe Emotion Detection and Recognition Market by Application
14.3.2.11.3 Rest of Eastern Europe Emotion Detection and Recognition Market by Tools
14.3.2.11.4 Rest of Eastern Europe Emotion Detection and Recognition Market by Technology
14.3.2.11.5 Rest of Eastern Europe Emotion Detection and Recognition Market, by End-use Vertical
14.3.3 Western Europe
14.3.3.1 Western Europe Emotion Detection and Recognition Market by Country
14.3.3.2 Western Europe Emotion Detection and Recognition Market by Component
14.3.3.3 Western Europe Emotion Detection and Recognition Market by Application
14.3.3.4 Western Europe Emotion Detection and Recognition Market by Tools
14.3.3.5 Western Europe Emotion Detection and Recognition Market by Technology
14.3.3.6 Western Europe Emotion Detection and Recognition Market, by End-use Vertical
14.3.3.7 Germany
14.3.3.7.1 Germany Emotion Detection and Recognition Market by Component
14.3.3.7.2 Germany Emotion Detection and Recognition Market by Application
14.3.3.7.3 Germany Emotion Detection and Recognition Market by Tools
14.3.3.7.4 Germany Emotion Detection and Recognition Market by Technology
14.3.3.7.5 Germany Emotion Detection and Recognition Market, by End-use Vertical
14.3.3.8 France
14.3.3.8.1 France Emotion Detection and Recognition Market by Component
14.3.3.8.2 France Emotion Detection and Recognition Market by Application
14.3.3.8.3 France Emotion Detection and Recognition Market by Tools
14.3.3.8.4 France Emotion Detection and Recognition Market by Technology
14.3.3.8.5 France Emotion Detection and Recognition Market, by End-use Vertical
14.3.3.9 UK
14.3.3.9.1 UK Emotion Detection and Recognition Market by Component
14.3.3.9.2 UK Emotion Detection and Recognition Market by Application
14.3.3.9.3 UK Emotion Detection and Recognition Market by Tools
14.3.3.9.4 UK Emotion Detection and Recognition Market by Technology
14.3.3.9.5 UK Emotion Detection and Recognition Market, by End-use Vertical
14.3.3.10 Italy
14.3.3.10.1 Italy Emotion Detection and Recognition Market by Component
14.3.3.10.2 Italy Emotion Detection and Recognition Market by Application
14.3.3.10.3 Italy Emotion Detection and Recognition Market by Tools
14.3.3.10.4 Italy Emotion Detection and Recognition Market by Technology
14.3.3.10.5 Italy Emotion Detection and Recognition Market, by End-use Vertical
14.3.3.11 Spain
14.3.3.11.1 Spain Emotion Detection and Recognition Market by Component
14.3.3.11.2 Spain Emotion Detection and Recognition Market by Application
14.3.3.11.3 Spain Emotion Detection and Recognition Market by Tools
14.3.3.11.4 Spain Emotion Detection and Recognition Market by Technology
14.3.3.11.5 Spain Emotion Detection and Recognition Market, by End-use Vertical
14.3.3.12 Netherlands
14.3.3.12.1 Netherlands Emotion Detection and Recognition Market by Component
14.3.3.12.2 Netherlands Emotion Detection and Recognition Market by Application
14.3.3.12.3 Netherlands Emotion Detection and Recognition Market by Tools
14.3.3.12.4 Netherlands Emotion Detection and Recognition Market by Technology
14.3.3.12.5 Netherlands Emotion Detection and Recognition Market, by End-use Vertical
14.3.3.13 Switzerland
14.3.3.13.1 Switzerland Emotion Detection and Recognition Market by Component
14.3.3.13.2 Switzerland Emotion Detection and Recognition Market by Application
14.3.3.13.3 Switzerland Emotion Detection and Recognition Market by Tools
14.3.3.13.4 Switzerland Emotion Detection and Recognition Market by Technology
14.3.3.13.5 Switzerland Emotion Detection and Recognition Market, by End-use Vertical
14.3.3.14 Austria
14.3.3.14.1 Austria Emotion Detection and Recognition Market by Component
14.3.3.14.2 Austria Emotion Detection and Recognition Market by Application
14.3.3.14.3 Austria Emotion Detection and Recognition Market by Tools
14.3.3.14.4 Austria Emotion Detection and Recognition Market by Technology
14.3.3.14.5 Austria Emotion Detection and Recognition Market, by End-use Vertical
14.3.3.15 Rest of Western Europe
14.3.3.15.1 Rest of Western Europe Emotion Detection and Recognition Market by Component
14.3.3.15.2 Rest of Western Europe Emotion Detection and Recognition Market by Application
14.3.3.15.3 Rest of Western Europe Emotion Detection and Recognition Market by Tools
14.3.3.15.4 Rest of Western Europe Emotion Detection and Recognition Market by Technology
14.3.3.15.5 Rest of Western Europe Emotion Detection and Recognition Market, by End-use Vertical
14.4 Asia-Pacific
14.4.1 Trend Analysis
14.4.2 Asia-Pacific Emotion Detection and Recognition Market by country
14.4.3 Asia-Pacific Emotion Detection and Recognition Market by Component
14.4.4 Asia-Pacific Emotion Detection and Recognition Market by Application
14.4.5 Asia-Pacific Emotion Detection and Recognition Market by Tools
14.4.6 Asia-Pacific Emotion Detection and Recognition Market by Technology
14.4.7 Asia-Pacific Emotion Detection and Recognition Market, by End-use Vertical
14.4.8 China
14.4.8.1 China Emotion Detection and Recognition Market by Component
14.4.8.2 China Emotion Detection and Recognition Market by Application
14.4.8.3 China Emotion Detection and Recognition Market by Tools
14.4.8.4 China Emotion Detection and Recognition Market by Technology
14.4.8.5 China Emotion Detection and Recognition Market, by End-use Vertical
14.4.9 India
14.4.9.1 India Emotion Detection and Recognition Market by Component
14.4.9.2 India Emotion Detection and Recognition Market by Application
14.4.9.3 India Emotion Detection and Recognition Market by Tools
14.4.9.4 India Emotion Detection and Recognition Market by Technology
14.4.9.5 India Emotion Detection and Recognition Market, by End-use Vertical
14.4.10 Japan
14.4.10.1 Japan Emotion Detection and Recognition Market by Component
14.4.10.2 Japan Emotion Detection and Recognition Market by Application
14.4.10.3 Japan Emotion Detection and Recognition Market by Tools
14.4.10.4 Japan Emotion Detection and Recognition Market by Technology
14.4.10.5 Japan Emotion Detection and Recognition Market, by End-use Vertical
14.4.11 South Korea
14.4.11.1 South Korea Emotion Detection and Recognition Market by Component
14.4.11.2 South Korea Emotion Detection and Recognition Market by Application
14.4.11.3 South Korea Emotion Detection and Recognition Market by Tools
14.4.11.4 South Korea Emotion Detection and Recognition Market by Technology
14.4.11.5 South Korea Emotion Detection and Recognition Market, by End-use Vertical
14.4.12 Vietnam
14.4.12.1 Vietnam Emotion Detection and Recognition Market by Component
14.4.12.2 Vietnam Emotion Detection and Recognition Market by Application
14.4.12.3 Vietnam Emotion Detection and Recognition Market by Tools
14.4.12.4 Vietnam Emotion Detection and Recognition Market by Technology
14.4.12.5 Vietnam Emotion Detection and Recognition Market, by End-use Vertical
14.4.13 Singapore
14.4.13.1 Singapore Emotion Detection and Recognition Market by Component
14.4.13.2 Singapore Emotion Detection and Recognition Market by Application
14.4.13.3 Singapore Emotion Detection and Recognition Market by Tools
14.4.13.4 Singapore Emotion Detection and Recognition Market by Technology
14.4.13.5 Singapore Emotion Detection and Recognition Market, by End-use Vertical
14.4.14 Australia
14.4.14.1 Australia Emotion Detection and Recognition Market by Component
14.4.14.2 Australia Emotion Detection and Recognition Market by Application
14.4.14.3 Australia Emotion Detection and Recognition Market by Tools
14.4.14.4 Australia Emotion Detection and Recognition Market by Technology
14.4.14.5 Australia Emotion Detection and Recognition Market, by End-use Vertical
14.4.15 Rest of Asia-Pacific
14.4.15.1 Rest of Asia-Pacific Emotion Detection and Recognition Market by Component
14.4.15.2 Rest of Asia-Pacific Emotion Detection and Recognition Market by Application
14.4.15.3 Rest of Asia-Pacific Emotion Detection and Recognition Market by Tools
14.4.15.4 Rest of Asia-Pacific Emotion Detection and Recognition Market by Technology
14.4.15.5 Rest of Asia-Pacific Emotion Detection and Recognition Market, by End-use Vertical
14.5 Middle East & Africa
14.5.1 Trend Analysis
14.5.2 Middle East
14.5.2.1 Middle East Emotion Detection and Recognition Market by Country
14.5.2.2 Middle East Emotion Detection and Recognition Market by Component
14.5.2.3 Middle East Emotion Detection and Recognition Market by Application
14.5.2.4 Middle East Emotion Detection and Recognition Market by Tools
14.5.2.5 Middle East Emotion Detection and Recognition Market by Technology
14.5.2.6 Middle East Emotion Detection and Recognition Market, by End-use Vertical
14.5.2.7 UAE
14.5.2.7.1 UAE Emotion Detection and Recognition Market by Component
14.5.2.7.2 UAE Emotion Detection and Recognition Market by Application
14.5.2.7.3 UAE Emotion Detection and Recognition Market by Tools
14.5.2.7.4 UAE Emotion Detection and Recognition Market by Technology
14.5.2.7.5 UAE Emotion Detection and Recognition Market, by End-use Vertical
14.5.2.8 Egypt
14.5.2.8.1 Egypt Emotion Detection and Recognition Market by Component
14.5.2.8.2 Egypt Emotion Detection and Recognition Market by Application
14.5.2.8.3 Egypt Emotion Detection and Recognition Market by Tools
14.5.2.8.4 Egypt Emotion Detection and Recognition Market by Technology
14.5.2.8.5 Egypt Emotion Detection and Recognition Market, by End-use Vertical
14.5.2.9 Saudi Arabia
14.5.2.9.1 Saudi Arabia Emotion Detection and Recognition Market by Component
14.5.2.9.2 Saudi Arabia Emotion Detection and Recognition Market by Application
14.5.2.9.3 Saudi Arabia Emotion Detection and Recognition Market by Tools
14.5.2.9.4 Saudi Arabia Emotion Detection and Recognition Market by Technology
14.5.2.9.5 Saudi Arabia Emotion Detection and Recognition Market, by End-use Vertical
14.5.2.10 Qatar
14.5.2.10.1 Qatar Emotion Detection and Recognition Market by Component
14.5.2.10.2 Qatar Emotion Detection and Recognition Market by Application
14.5.2.10.3 Qatar Emotion Detection and Recognition Market by Tools
14.5.2.10.4 Qatar Emotion Detection and Recognition Market by Technology
14.5.2.10.5 Qatar Emotion Detection and Recognition Market, by End-use Vertical
14.5.2.11 Rest of Middle East
14.5.2.11.1 Rest of Middle East Emotion Detection and Recognition Market by Component
14.5.2.11.2 Rest of Middle East Emotion Detection and Recognition Market by Application
14.5.2.11.3 Rest of Middle East Emotion Detection and Recognition Market by Tools
14.5.2.11.4 Rest of Middle East Emotion Detection and Recognition Market by Technology
14.5.2.11.5 Rest of Middle East Emotion Detection and Recognition Market, by End-use Vertical
14.5.3 Africa
14.5.3.1 Africa Emotion Detection and Recognition Market by Country
14.5.3.2 Africa Emotion Detection and Recognition Market by Component
14.5.3.3 Africa Emotion Detection and Recognition Market by Application
14.5.3.4 Africa Emotion Detection and Recognition Market by Tools
14.5.3.5 Africa Emotion Detection and Recognition Market by Technology
14.5.3.6 Africa Emotion Detection and Recognition Market, by End-use Vertical
14.5.3.7 Nigeria
14.5.3.7.1 Nigeria Emotion Detection and Recognition Market by Component
14.5.3.7.2 Nigeria Emotion Detection and Recognition Market by Application
14.5.3.7.3 Nigeria Emotion Detection and Recognition Market by Tools
14.5.3.7.4 Nigeria Emotion Detection and Recognition Market by Technology
14.5.3.7.5 Nigeria Emotion Detection and Recognition Market, by End-use Vertical
14.5.3.8 South Africa
14.5.3.8.1 South Africa Emotion Detection and Recognition Market by Component
14.5.3.8.2 South Africa Emotion Detection and Recognition Market by Application
14.5.3.8.3 South Africa Emotion Detection and Recognition Market by Tools
14.5.3.8.4 South Africa Emotion Detection and Recognition Market by Technology
14.5.3.8.5 South Africa Emotion Detection and Recognition Market, by End-use Vertical
14.5.3.9 Rest of Africa
14.5.3.9.1 Rest of Africa Emotion Detection and Recognition Market by Component
14.5.3.9.2 Rest of Africa Emotion Detection and Recognition Market by Application
14.5.3.9.3 Rest of Africa Emotion Detection and Recognition Market by Tools
14.5.3.9.4 Rest of Africa Emotion Detection and Recognition Market by Technology
14.5.3.9.5 Rest of Africa Emotion Detection and Recognition Market, by End-use Vertical
14.6 Latin America
14.6.1 Trend Analysis
14.6.2 Latin America Emotion Detection and Recognition Market by country
14.6.3 Latin America Emotion Detection and Recognition Market by Component
14.6.4 Latin America Emotion Detection and Recognition Market by Application
14.6.5 Latin America Emotion Detection and Recognition Market by Tools
14.6.6 Latin America Emotion Detection and Recognition Market by Technology
14.6.7 Latin America Emotion Detection and Recognition Market, by End-use Vertical
14.6.8 Brazil
14.6.8.1 Brazil Emotion Detection and Recognition Market by Component
14.6.8.2 Brazil Emotion Detection and Recognition Market by Application
14.6.8.3 Brazil Emotion Detection and Recognition Market by Tools
14.6.8.4 Brazil Emotion Detection and Recognition Market by Technology
14.6.8.5 Brazil Emotion Detection and Recognition Market, by End-use Vertical
14.6.9 Argentina
14.6.9.1 Argentina Emotion Detection and Recognition Market by Component
14.6.9.2 Argentina Emotion Detection and Recognition Market by Application
14.6.9.3 Argentina Emotion Detection and Recognition Market by Tools
14.6.9.4 Argentina Emotion Detection and Recognition Market by Technology
14.6.9.5 Argentina Emotion Detection and Recognition Market, by End-use Vertical
14.6.10 Colombia
14.6.10.1 Colombia Emotion Detection and Recognition Market by Component
14.6.10.2 Colombia Emotion Detection and Recognition Market by Application
14.6.10.3 Colombia Emotion Detection and Recognition Market by Tools
14.6.10.4 Colombia Emotion Detection and Recognition Market by Technology
14.6.10.5 Colombia Emotion Detection and Recognition Market, by End-use Vertical
14.6.11 Rest of Latin America
14.6.11.1 Rest of Latin America Emotion Detection and Recognition Market by Component
14.6.11.2 Rest of Latin America Emotion Detection and Recognition Market by Application
14.6.11.3 Rest of Latin America Emotion Detection and Recognition Market by Tools
14.6.11.4 Rest of Latin America Emotion Detection and Recognition Market by Technology
14.6.11.5 Rest of Latin America Emotion Detection and Recognition Market, by End-use Vertical
15 Company profile
15.1 IBM CORPORATION
15.1.1 Company Overview
15.1.2 Financials
15.1.3Product/Services/Offerings
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 Noldus Information Technology BV
15.2.1 Company Overview
15.2.2 Financials
15.2.3Product/Services/Offerings
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 Affectiva
15.3.1 Company Overview
15.3.2 Financials
15.3.3Product/Services/Offerings
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 SkyBiometry
15.4.1 Company Overview
15.4.2 Financials
15.4.3Product/Services/Offerings
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 Sentiance NV
15.5.1 Company Overview
15.5.2 Financials
15.5.3Product/Services/Offerings
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 Kairos AR, Inc
15.6.1 Company Overview
15.6.2 Financials
15.6.3Product/Services/Offerings
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7 NVISO SA
15.7.1 Company Overview
15.7.2 Financials
15.7.3Product/Services/Offerings
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 Intel Corporation
15.8.1 Company Overview
15.8.2 Financial
15.8.3Product/Services/Offerings
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 Realeyes
15.9.1 Company Overview
15.9.2 Financials
15.9.3 Product/Service/Offerings
15.9.4 SWOT Analysis
15.9.5 The SNS View
15.10 Sightcorp
15.10.1 Company Overview
15.10.2 Financials
15.10.3 Product/Service/Offerings
15.10.4 SWOT Analysis
15.10.5 The SNS View
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions
17. Use Case and Best Practices
18. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Component
Software
Services
By Application
Surveillance and Monitoring
Marketing and Advertising
Robotics and eLearning
Medical Emergency
Others
By Tools
Facial Recognition
Gesture & Posture Recognition
By Technology
Biosensors technology
Machine Learning
Pattern Recognition
Feature Extraction
Natural Language Processing
By End-use Vertical
BFSI
Healthcare & Life Sciences
IT & Telecommunication
Retail and eCommerce
Education
Media and Entertainment
Automotive
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
Cloud Mobile Backend-As-A-Service Market Size was USD 4.25 Billion in 2023 and was reach USD 17.31 Billion by 2032 and grow at a CAGR of 16.89% by 2024-2032.
The Software Consulting Market was valued at USD 306.4 billion in 2023 and is predicted to expand to USD 769.6 billion by 2031, growing at a CAGR of 12.2% from 2024 to 2031.
The High Availability Server Market Size was USD 13.67 Billion in 2023 and will reach to USD 24.31 Billion by 2032 with a growing CAGR of 6.61% by 2024-2032.
The Data Lake Market Size was valued at USD 7.1 Billion in 2023 and is expected to reach USD 53.28 Billion by 2032 and grow at a CAGR of 25.1% over the forecast period 2024-2032.
The Concierge Services Market size was valued at USD 856.4 Million in 2023 and is expected to reach USD 1548.1 Million by 2032 and grow at a CAGR of 6.8% over the forecast period 2024-2032.
The Cyber Insurance Market size was valued at USD 15.3 Billion in 2023. It is expected to grow to USD 97.3 Billion by 2032 and grow at a CAGR of 22.8% over the forecast period of 2024-2032.
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