It's expected the global affective computing market will increase from USD 12.20 billion in 2016 to USD 53.98 billion by 2021, at a CAGR of 34.7%.
The market is escalating rapidly, owing to rising digitization and continuous advancements in the field of cognitive science and computer science that are shaping the way for a new technology. However, the cost incurred in making affective computing systems is more and the tangible return on investment is low, thereby posing a major restraining factor for the market's growth.
The affective computing market is segregated into touch-based and touchless technologies. Touch-based technology recorded for the largest market share during the initial phase of the growth period. However, due to rising technological advancements, the touchless technology is expected to dominate the market.
APAC offers prospective growth opportunities. The major factors affecting the growth in the APAC region include smart technology initiatives growing demand for wearable devices, and rising investments in security infrastructure. Moreover, the APAC countries have witnessed tremendous traction, in terms of technological innovations, including facial feature extractions, gesture recognition, and speech recognition, coupled with the growing adoption of neural analytical solutions.
- Apple, Inc.
- Beyond Verbal Communication Ltd.
- Cognitec Systems GmbH
- Elliptic Labs
- Eyesight Technologies, Ltd.
- Google Inc.
- IBM Corporation
- Microsoft Corporation
- Pyreos Limited
- Qualcomm Inc.
- Saffron Technology Inc.
Softkinetic System S.A.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Affective Computing Market Analysis, By Technology
8 Affective Computing Market Analysis, By Software
9 Affective Computing Market Analysis, By Hardware
10 Affective Computing Market Analysis, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Key Innovators
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