Emotion Detection and Recognition, Global Market Projected to Expand with Staggering CAGR asserts MRFR

Pune, India, January, 2018/MRFR Press Release/- Market Research Future published a Half Cooked    research report on “Global Emotion Detection and Recognition Market Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023

Some of the major players in Global Emotion Detection and Recognition Market include Sightcorp (Netherlands), Sentiance (Belgium), Realeyes (U.K.), nViso. (Switzerland), Skybiometry (Lithuania), Kairos Ar. Inc. (U.S.), Eyeris (U.S.), Affectiva (U.S.),and Crowdemotion Ltd (U.K)among others, are profiled in MRFR Analysis and are at the forefront of competition in the global emotion detection and recognition market.

Emotion Detection and Recognition Market Global Market   - Overview

Emotion detection and recognition is an advanced technique implemented through software that offers a program to read the emotions on a human face with the help of advanced image processing technologies. It also allows the business enterprises to monitor and supervise consumer behaviour regarding particular brand that affect their productivity. This advanced technique is widely implemented in the law enforcement and surveillance for tracking lie detection test.

Surging use of technology in smartphones and rising adoption of IoT technology and emerging trend of wearable devices are anticipated to be driving factors for the emotion detection and recognition  market. Additionally, intense market competition and growing need for surveillance market are expected to fuel the growth of emotion detection and recognition market. However, high installation cost and misinterpretation of emotional analysis are presumed to be hinder the growth of emotion detection and recognition market.

Industry News:

October 2017, Sentiance secured 8 million Yen funded by Volta Ventures. Inorder to strengthen the intelligent platform and accelerate the growth, Sentiance has successfully able to secure the funds from Volta ventures. The platform utilizes the machine learning algorithms and deep learning techniques to interpret IoT sensor data from mobile phones, wearables and IoT gateways.

January 2018, Eyeris incorporation with iPal robot to offer face to face interaction. Eyeris, a leading solution provider in the Artificial Intelligence for human behaviour, will offer the iPal Robot with human-like face-to-face interaction, creating a continuous Human-Robot-Interaction (HRI). With its sophisticated vision of AI for emotion recognition from facial micro-expression and more than 30 complementary face-reading analytics, Eyeris eliminates the gap between humans and social robot interactions.

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Emotion Detection and Recognition Market Global Market   - Segmentation

Segmentation by Technology: Bio Sensors Technology, Pattern Recognition, Natural Language Processing (NLP), Feature Extraction and 3D Modelling, Machine Learning, and Others

Segmentation by Service: SDK Kits, Cloud based Solutions, Consulting and Integration

Segmentation by Software: Speech and Voice Recognition, Facial Expression Recognition, and Bio Sensing Software Tools and Apps.

Segmentation by End User: Law Enforcement, Surveillance and Monitoring, Marketing & Advertising, Media & Entertainment, Industrial, Commercial, Defense & Security Agency, Enterprises, and Others

Segmentation by Region: North America, Europe, Asia Pacific, Rest of the World.

Emotion Detection and Recognition Market Global Market   -

Regional Analysis

North America is expected to dominate the emotion detection and recognition market with the largest market share in the region. This is attributed to advanced technological infrastructure which in turn allow large investments to enhance the innovative techniques in the market. The U.S and Canada are the leading countries in the North America region. Asia Pacific is presumed to be the fastest growing region over the forecast period. This is due to increasing adoption rate of the technology and rapid economic progress in emerging economies such as China, Japan and India. Additionally, Europe is expected to have a substantial growth of the emotion detection and recognition market