Dublin, April 20, 2023 (GLOBE NEWSWIRE) -- The "Emotion Detection and Recognition Market, By Software and Services, By End-User Vertical, and By Geography - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides in-depth analysis of the global emotion detection and recognition (EDR)market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year.
Company Profiles:
- Affectiva Inc.
- Emotibot Technologies Limited
- iMotions
- Noldus
- Sight Corp.
- Realeyes OU
- Nviso SARL
- Kairos AR Inc.
- Nemesysco Ltd
- audEERING GMBH
Emotion recognition has many applications in society and many institutions. The application of emotion recognition in healthcare and security is vital, since it allows for automatic detection of human emotions without asking questions. The technology can also be used for online learning.
Along with this, it can also be used to customize the online learning journey for each student based on their learning ability and the pace of delivery.
Emotion recognition is an important application for facial recognition. The technology allows computers to recognize seven universal emotions through the use of facial expressions. It is based on sophisticated algorithms that combine multiple technologies, including image-sensing software, speech analysis software, and voice recognition. The resulting data is then analyzed to produce an accurate analysis.
The increasing adoption of advanced technologies such as artificial intelligence (AI) and machine learning, growing demand for socially intelligent artificial agents and the internet of things are also propelling the market's expansion and the rising adoption of wearable technology are the factors driving growth of the global emotion detection and recognition (EDR) market.
However, factors such as incapability of AI to fully understand human emotions, high cost of manufacturing, and stringent government regulations are expected to impede growth of the global emotion detection and recognition (EDR) market over the forecast period.
Key features of the study:
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global emotion detection and recognition (EDR)market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global emotion detection and recognition (EDR)market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global emotion detection and recognition (EDR)market
Detailed Segmentation:
Global Emotion Detection and Recognition (EDR) Market By, Software and Services:
- Software
- Facial Recognition
- Speech and Voice Recognition
- Biosensing
- Services
Global Emotion Detection and Recognition (EDR) Market By, End-User Vertical:
- Government
- Healthcare
- Retail
- Entertainment
- Transportation
- Other End-user Verticals
Global Emotion Detection and Recognition (EDR) Market By, Geography:
- North America
- Europe
- Asia-Pacific
- Rest of the World
For more information about this report visit https://www.researchandmarkets.com/r/1h12ji
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