World Emotion Detection & Recognition Sector Canvassed in Comprehensive M&M Report Now Available at MarketPublishers.com09 Feb 2016 • by Natalie Aster
LONDON – The global emotion detection and recognition market is projected to grow at a CAGR of 31.9% through to 2020, from USD 5.66 billion in 2015 to amount to USD 22.65 billion by the end of the forecast period. The market growth is being driven by increased focus on business intelligence (BI), affective computing, and ever-increasing amount of geospatial data and also the prompt availability of the diverse analytical tools.
The defense and security related agencies need emotion detection technologies to conduct monitoring and surveillance activities. The implementation of this technology has already been done in the military services areas, such as lie-detector tests, among othes. Sightcorp’s unique CrowdSight SDK carries out video and image analysis, which can be utilised for security and traffic monitoring purposes.
Geography-wise, APAC is expected to witness enormous growth opportunities in the short run. In the rapidly expanding economies, like India and China, the rising demand for enhanced technology implementation, awareness and efforts to standardise the emotion detection and recognition technology are amid the major drivers of the market’s growth. In addition, sprouting technology hubs, burgeoning population, and affluent nations such as Japan and South Korea have also contributed to this region’s growth.
Growing trend of wearable devices, IoT evolution, in tandem with ever-evolving technologies are poised to encourage huge growth opportunities in the next 5 years. SightCorp, Affectiva, Kairos AR, RealEyes, Tobbi, Sentiancea are some of the key vendors and service providers in the emotion detection and recognition marketplace.
Comprehensive research report “Emotion Detection and Recognition Market” drawn up by M&M analyses the worldwide emotion detection and recognition market, segmented by technology, software tool, service, application area, and by end user. A geographical analysis if provided as well. It provides revenue figures for the overall market and its segments, which are further split across various verticals and regions. The study limelights the major market drivers and hindrances, challenges and opportunities; offers a granular analysis of industry trends; delves into the competitive scenario; and profiles the top 12 market players. Additionally, granular market size forecasts are at hand in the report.
Emotion Detection and Recognition Market
Published: January, 2016
Price: US$ 4,650.00
More studies by the publisher are available at M&M page.