Portland, OR , Feb. 07, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global emotion analytics market was estimated at $2.58 billion in 2021 and is expected to hit $10.5 Billion by 2031, registering a CAGR of 15.3% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $2.58 billion |
| Market Size in 2031 | $10.51 billion |
| CAGR | 15.3% |
| No. of Pages in Report | 298 |
| Segments Covered | Type, Enterprise Size, Deployment Mode, Application, End User and Region |
| Drivers | Increase in demand from the automotive sector |
| Sure in need for customer behavior management using data | |
| Restraints | Analysis of emotional misunderstandings |
| Opportunities | Applications for emotional recognition are in greater demand |
Covid-19 scenario-
- Around the world, business have been severely impacted by the COVID 19 outbreak. Because of the lockdowns imposed by various governments.
- However, it has favorably impacted the adoption of emotion analytics industry. Customer feedback analysis using emotion analytics has gained significant popularity in this period.
The global emotion analytics market is analyzed across type, enterprise size, deployment mode, application, end-user, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By type, the text analytics segment held the largest share in 2021, garnering around three-fourths of the global emotion analytics market revenue, and is projected to maintain its dominance by 2031. The facial analytics segment would also showcase the fastest CAGR of 17.6% during the forecast period.
By enterprise size, the large enterprise segment accounted for the highest share in 2021, generating nearly half of the global emotion analytics market revenue. The SMEs segment would also portray the fastest CAGR of 17.1% during the forecast period.
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By deployment, the on-premises segment held the largest share in 2021, garnering around three-fourths of the global emotion analytics market revenue, and is projected to maintain its dominance by 2031. The cloud segment would also showcase the fastest CAGR of 16.8% during the forecast period.
By application, the customer experience management segment contributed to nearly one-third of the global emotion analytics market share in 2021, and is projected to rule the roost by 2031. The Public safety and law enforcement segment, on the other hand, would display the fastest CAGR of 17.5% throughout the forecast period.
By end-user, the retail segment accounted for the highest share in 2021, generating nearly half of the global emotion analytics market revenue. The defense and security segment would also portray the fastest CAGR of 17.7% during the forecast period.
By region, North America held the major share in 2021, garnering more than one-third of the global emotion analytics market revenue. Asia-Pacific, simultaneously, would showcase the fastest CAGR of 17.8% from 2022 to 2031.
The key market players analyzed in the global emotion analytics market report include Adoreboard, Affectiva, Apple, Inc., Beyond Verbal Communication, IBM Corporation, iMotions A/S, Microsoft Corporation, Neuromore, NVISO SA and Retinad. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
