DUBLIN--(BUSINESS WIRE)--The "Global Emotion Detection and Recognition Market - Segmented by Software and Services, End-user Vertical and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global emotion detection & recognition market is estimated to witness a CAGR of 32.7% over the forecast period (2018-2023), driving the market to reach 24.74 billion by 2020.
The increasing demand for wearable devices and increasing penetration of Internet of Things (IoT) are the major determinants of the growth of the global EDR solutions market. Countries, such as China, India, Japan, and South Korea, which have a massive population, are putting extra efforts to implement EDR technology to meet the growing expectations.
Growing adoption of wearable devices, which include smart watches, fitness bands, smart glasses, and smart textiles, will enable the growth of the EDR market over the forecast period. The usage of these devices has witnessed high growth rate in the past few years. According to Consumer Technology Association, the global shipments of smart watches have almost doubled from 38 million in 2016 to 75 million in 2017. 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 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.
The government sector is expected to dominate the market landscape.
- Affectiva Inc.
- Emotient Inc. (Apple Inc.)
- Tobii AB (PUBL)
- Realeyes OU
- Nviso SARL
- Emovu (Eyeris)
Key Topics Covered
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Technology Snapshot
6. Global Emotion Detection & Recognition Market Segmentation
7. Competitive Intelligence - Company Profiles
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