[FURL=https://www.industryarc.com/Research/Emotion-Detection-And-Recognition-Market-Research-500905?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Emotion Detection And Recognition Market[/FURL] Emotion Detection and Recognition Market size was valued at $18.67 billion in 2020 and it is estimated to grow at a CAGR of 10.43% during 2021-2026. Emotion detection and recognition technology is used for reading the sentiments of a human by utilizing various sophisticated technologies. The growth of the emotional detection and recognition market is mainly attributed to the increasing demand for different types of software. Such software includes bio sensing, speech and voice recognition, facial expression recognition, gesture and posture recognition, which are being used for analyzing the emotional states.Key Takeaways
According to the Emotion Detection And Recognition Market Analysis of IndustryARC, Automotive sector is estimated to grow with the fastest CAGR during the forecast period, due to the high penetration of advanced technology such as AI, ML, IoT and others in this industry to offer better and safer experience.
APAC witnessed the fastest market growth during the forecast period 2021-2026, rapid developments in digital transformation, economical growth are few of the key factors contributing towards the market growth.
The demand for emotion detection and recognition technology is estimated to witness a significant upsurge during the forecast period, owing to the high usage of wearable devices and growing popularity of facial expression recognition technology.
The Emotion Detection and Recognition Market outlook is consolidated with top market players including Affectiva, Inc., Microsoft Corporation, Google LLC, Amazon, Inc., Kairos Ar, Inc., Emotient, Inc. and others.
Download Sample Report @ [FURL]https://www.industryarc.com/pdfdownload.php?id=500905[/FURL]
Emotion Detection and Recognition Market Segment Analysis - By Geography
According to Emotion Detection And Recognition Market Research report of IndustryARC, APAC is estimated to witness the highest CAGR close to 11.43% during the forecast period 2021-2026. Rapid digitalization, economic growth, development of various industries including e-commerce, automotive and other industries; and growing adoption of advanced technologies are the main driving forces for this region. Apart from that, governments of this region are also taking initiatives to promote the usage of digital platforms, which is fueling the adoption of this technology.
Emotion Detection and Recognition Market Drivers
Usage of Wearable Devices
Increasing Popularity of Facial Expression Recognition Technology
Emotion Detection and Recognition Market Landscape
Emotion Detection and Recognition market outlook has top market players, including Affectiva, Inc., Microsoft Corporation, Google LLC, Amazon, Inc., Kairos Ar, Inc., Emotient, Inc., Realeyes Data Services Ltd., Noldus Information Technology BV and Sentiance NV among others.
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.