57837070 Allied20Market20Research20Logo

According to a report published by Allied Market Research, the global emotion detection and recognition market was valued at $5.8 billion in 2016, and is projected to reach at $33.9 billion by 2023, growing at a CAGR of 28.9% from 2017 to 2023.

Increase in popularity of wearable technology, growth of the Internet of Things, and rise in the adoption of smartphones propel the growth of the global emotion recognition and detection market.

However, high cost of application, varied functional requirements, and misinterpretation in analysis of emotions curb the growth. Furthermore, the implementation of cloud-based technology is expected to offer lucrative opportunities for the market.

Download Sample Report (Get Full Insights in PDF – 265 Pages) at: https://www.alliedmarketresearch.com/request-sample/3806

The global emotion detection and recognition market is segmented on the basis of the software tool, application, technology, end-user, and region.

Based on software tools, the facial expression & emotion detection segment dominated the global emotion detection and recognition market growth in 2016 with 66.0% share in the software tool segment, in terms of revenue.

However, based on technology, machine learning led the growth of the global market, followed by natural language.

Based on end-user, the commercial sector led the EDR market to grow with 51.16% of the share in 2016. However, the retail sector is expected to depict highest CAGR of 31.3% throughout the study period.

Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The region across North America dominates the market presently, followed by Europe. Whereas, in 2016, China dominated the Asia-Pacific market. On the other hand, the UK led the overall market in the European region.

Major Findings of the Emotion Detection and Recognition Market:

1. In 2016, the marketing & advertising applications contributed to the highest revenue in the global EDR market.

2. In 2016, machine learning technology contributed to the largest revenue in the emotion detection and recognition industry.

3. In 2016, the facial expression & emotion detection segment accounted for the lion’s share in terms of revenue in the global market.

4. Asia-Pacific is expected to show the highest CAGR of 30.6% during the study period.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3806

Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.                       

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

Tags: Emotion Detection and Recognition Market, Emotion Detection and Recognition Market Size, Emotion Detection and Recognition, Emotion Detection and Recognition Market Share

See Campaign: https://www.alliedmarketresearch.com/emotion-detection-and-recognition-market

Contact Information:

Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll-Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on: LinkedIn Twitter

Tags:
PR-Wirein, Menafn, Reportedtimes, iCN Internal Distribution, Research Newswire, English