In a software program, emotion recognition provides advanced image processing and allows a program to “read” the emotions of a human face. This procedure involves recognition of a person’s emotional state such as anger, sadness, fear, joy, disgust, surprise, trust, and others. Key players focus on combining image processing techniques with sophisticated algorithms to understand more about a person’s feeling with the help of facial images or videos.
Rapid growth in Internet of Things technology, rise in popularity of wearable technology, and high smartphone penetration worldwide drive the global emotion recognition and detection market. However, high cost of application, numerous functional requirements, misinterpretation in analysis of emotions restricts the emotion recognition and detection market growth. Moreover, adoption of cloud-based technology presents a major opportunity for market expansion.
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The global emotion detection and recognition market is segmented on the basis of software tool, application, technology, end user, and region. Based on software tool, it is divided into facial expression & emotion recognition, gesture & posture recognition, and voice recognition. Based on application, the emotion recognition and detection industry is classified into law enforcement, surveillance, & monitoring; entertainment & consumer electronics; marketing & advertising; and others (e-learning and video games). The technology segment includes pattern recognition network, machine learning, natural language processing, and others (bio-sensors technology). The end users covered in this report are commercial, industrial, defense, others (government, retail, entertainment, and transportation). Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.
In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.
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It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.
KEY BENEFITS FOR STAKEHOLDERS
This study comprises analytical depiction of the global emotion detection and recognition market with current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to gain a stronger coverage in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2017 to 2023 to highlight the financial competency of the market.
Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET PLAYERS PROFILED
Affectiva
Beyond Verbal
Noldus Information Technology
Sentiance
Sightcorp
Realeyes
CrowdEmotion
Kairos AR, Inc.
nViso SA.
SkyBiometry
KEY MARKET SEGMENTS
BY SOFTWARE TOOL
Facial Expression & Emotion Recognition
Gesture & Posture Recognition
Voice Recognition
BY APPLICATION
Law Enforcement, Surveillance, & Monitoring
Entertainment & Consumer Electronics
Marketing & Advertising
Others (e-Learning and Video Games)
BY TECHNOLOGY
Pattern Recognition Network
Machine Learning
Natural Language Processing
Others (Bio-sensors Technology)
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BY END USER
Commercial
Industrial
Defense
Others (Government, Retail, Entertainment, and Transportation)
BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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