The Emotion Detection and Recognition Market report research highlights key dynamics of the global sector. The potential of the industry has been investigated along with the key challenges. The current market scenario and prospects of the sector has also been studied.
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The North America region holds a significant share of the emotion detection and recognition market due to the presence of a well-established economy, advanced IT infrastructure in the U.S., and a high focus on innovation and technology by the market players. The market is expected to show high growth due to the huge investments in security and surveillance solutions. In the rapidly-growing economies of the Asia Pacific region, the increasing demand for advanced security solutions, the evolution of IoT, and the increasing trend of wearable devices will boost the market growth during the forecast period.
The global emotion detection and recognition market is gaining popularity, which is attributable to the rising demand for sentiment mapping, usage of bio-sensing software tools, growing cognitive services, and increasing applications in numerous industry sectors such as transportation, healthcare, banking, and government institutions. Currently, the increasing rate of cybercrime and illegal trespassing is driving the usage of biometric authentication and emotion detection systems. This software is used for security purposes in many industry verticals as it is capable of recognizing faces in the real-time, searching & matching faces from the database, and detecting moods and other features. For instance, the defense and security agencies require emotion detection software for surveillance and monitoring purposes.
Other determinants such as the evolution of the Internet of Things (IoT), increasing trend of wearable devices, growing amount of spatial data, and availability of various analytical tools hold the potential of revolutionizing the market across the globe. In addition to this, Natural Language Processing (NLP) technology is gaining popularity in the Emotion Detection and Recognition Market as it provides cost-effective and easily deployable cloud solutions. This technology is widely used for the summarization of data and social media monitoring.
Misrepresentation in the analysis of emotions can pose a challenge to the global emotion detection and recognition market. Moreover, organizations find it difficult to optimally utilize this technology due to the lack of expertise and operational challenges.
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Emotion Detection and Recognition Market is expected to witness healthy growth from 2018 to 2024 driven by capability of smart interfaces to understand individual emotions, which results in a personalized user experience. Emotion detection and recognition is a technique to recognize a person’s emotional state using advanced image processing techniques. Organizations have been integrating artificial intelligence algorithms with image processing techniques to analyze complex human emotions through facial patterns.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- Beyond Verbal
- Tobii AB
- Crowdemotion Limited
The major players in the global emotion detection and recognition market are Affectiva, Beyond Verbal, Eyeris, Sentiance, Skybiometry, Tobii AB, Noldus, Sightcorp, Realeyes, Kairos, Crowdemotion Limited, Apple, Nviso, and Emovu. Some of these companies are expanding their presence in the global market by developing innovative solutions for their customers. For instance, in April 2018, Huawei developed an AI assistant to detect human emotions. It analyzes data points from facial expressions and behavioral patterns. Similarly, Apple’s upcoming iOS version will have new features such as Face ID support, relying on the depth-sensing front camera to recognize the user’s face for screen unlocking and other security features. These players are creating a unique value proposition through new product development or through innovations in their existing product portfolio.