In-Depth Analysis of Emotion Detection And Recognition (EDR) Market 2020 | Report Covers Top Key Players, Regions, Supply and Consumption, Forecast till 2024

Emotion Detection And Recognition (EDR)

The Key purpose of “Emotion Detection And Recognition (EDR) Market” report is to deliver key market trends, the scope of report, competitive landscape and industry overview with key players. Emotion Detection And Recognition (EDR) market report is designed by a detailed investigation process to collect all the necessary data. Further, the report studies the revenue generated from the market analysis and opportunity analysis to estimate the market size.

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Emotion Detection And Recognition (EDR) Market Covers Key Players:

  • Affectiva Inc.
  • Emotient Inc. (Apple Inc.)
  • Tobii AB
  • Noldus
  • Sight Corp.
  • Realeyes OU
  • Kairos

    Market Overview:

  • The global emotion detection and recognition market was valued at USD 12.37 billion in 2018 and is expected to reach a value of USD 91.67 billion by 2024 at a CAGR of 40.46% over the forecast period of 2019 – 2024. Understanding emotion holds significance during the interaction process between humans and machine communication systems. EDR not only improves human and computer interfaces, but also enhances the feedback mechanism actions taken by computers from the users.
  • – Though Artificial Intelligence (AI) is expected to unleash the next wave of digital disruption, the limitation of AI to understand human emotion still remains a challenge. However in the past few years, increased access to data, low-cost computing power and evolving NLP combined with digital learning is enabling the systems to analyze human emotions.
  • – Key influencers of the market are rising need for better customer experience, as emotional connection also plays a key role along with customer satisfaction; the rising need for a human touch in digital communications (Chatbots) and challenges in language context and facial recognition.
  • – The key areas where emotion detection and recognition are expected to gain traction include entertainment (majorly gaming), transportation (autonomous cars), healthcare (various kinds of diagnostics) and retail (to enhance customer experience).

    The Emotion Detection And Recognition (EDR) Market Report Includes:

    • The Emotion Detection And Recognition (EDR) market report covers the present status and future prospects.
    • The report analyses market trends, size, and forecast in different geographically.
    • The report provides market competition overview among the Top companies.
    • The report provides a complete analysis of the current and emerging market trends and opportunities.

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    Scope of the Report:

  • Emotion Detection and Recognition (EDR) is typically identifying human emotion from facial expression or verbal expression. Now, with the help of AI, NLP and ML, the machine is made to understand human emotion through various software and act according to it. Various types of software and services are used by different end-user industry to help them know human emotion in their industry environment without a human being physically present over there.<

    Key Market Trends:

    Growing Adoption of Wearable Devices to Drive the EDR Market

    – Growing adoption of wearable devices, which includes smartwatches, fitness bands, smart glasses, and smart textiles, will enable the growth of the EDR market.
    – According to the Consumer Technology Association, the sales of smart wearables in the U.S reached 49.3 million units in 2018 and earned USD 6.4 billion.
    – High investments in the industry and large industry collaborations are resulting in innovations in wearable technology.
    – These wearable devices are equipped with biological sensors to monitor heartbeat and temperature, along with other components, such as microphones and cameras to capture human emotions, such as gestures, body postures, tone of voice, and facial expressions.
    – Wearable devices continuously collect data from these sources and analyze the data to monitor the health and other aspects of the user. Thus, the growing number of wearable devices is expected to drive the growth of the market over the coming years.
    – According to Cisco, the connected wearable device was 325 million in 2016 and expected to reach 1105 million in 2022. This is due to the growing awareness among the people regarding smart devices and technology like IoT that are boosting the market.

    North America to Dominate the EDR Market

    – North America has the largest share in the market. High investments and growing support from several end-user verticals to provide better services and security are driving the growth of the market in this region.
    – The governments in this region are hosting several R&D activities in the field of EDR. The Feature Extraction and 3D modeling techniques are being used in the North America region and the bio-sensors technology is expected to attain a better growth rate by 2022.
    – High investment and growing support from several end-user verticals to provide better services and security are driving the growth of the market in this region.

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    Important Questions Answered in The Emotion Detection And Recognition (EDR) Market Report:

    • What is the main factor that takes this market to the next level?
    • What will the market demand and what will be growth?
    • What are the latest opportunities for the Emotion Detection And Recognition (EDR) Market in the future?
    • What are the strengths of the main players?
    • What is the key to the Emotion Detection And Recognition (EDR) Market?

    Detailed TOC of Emotion Detection And Recognition (EDR) Market Report 2020-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Industry Attractiveness – Porter’s Five Force Analysis
    4.2.1 Bargaining Power of Suppliers
    4.2.2 Bargaining Power of Buyers/Consumers
    4.2.3 Threat of New Entrants
    4.2.4 Threat of Substitute Products
    4.2.5 Intensity of Competitive Rivalry
    4.3 Market Drivers
    4.3.1 Growing Internet of Things (IoT) Applications
    4.3.2 Need for Advanced Marketing Tools
    4.3.3 Growing Adoption of Wearable Devices
    4.4 Market Restraints
    4.4.1 Privacy Concerns Relating to the Deployment of this Technology
    4.4.2 Need for Specialized Hardware
    4.5 Technology Snapshot
    4.5.1 Machine Learning
    4.5.2 Pattern Recognition
    4.5.3 Bio Sensors Technology
    4.5.4 3D Modelling
    4.5.5 Natural Language Processing

    5 MARKET SEGMENTATION
    5.1 By Software & Services
    5.1.1 Software
    5.1.1.1 Facial Recognition
    5.1.1.2 Speech & Voice Recognition
    5.1.1.3 Bio Sensing
    5.1.2 Services
    5.2 By End-user Vertical
    5.2.1 Government
    5.2.2 Healthcare
    5.2.3 Retail
    5.2.4 Entertainment
    5.2.5 Transportation
    5.2.6 Other End-user Verticals
    5.3 Geography
    5.3.1 North America
    5.3.2 Europe
    5.3.3 Asia-Pacific
    5.3.4 Rest of the World

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Affectiva Inc.
    6.1.2 Emotient Inc. (Apple Inc.)
    6.1.3 Tobii AB
    6.1.4 Noldus
    6.1.5 Sight Corp.
    6.1.6 Realeyes OU
    6.1.7 Kairos

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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