The affective computing market was valued at US$6.947 billion in 2017 and is expected to grow at a CAGR of 42.63% to reach a market size of US$41.008 billion by the year 2025.
With the increasing use of smartphones and connected devices, consumer-focused businesses are looking for new ways to use computing technology to stay ahead of the competition. The application of focus groups and surveys does not provide the exact emotional state of the end user related to a particular product. Also, depending on the ambient conditions, the reaction may be biased. A consumer’s emotional state can trigger engagement with a brand or product and influence the decision to purchase a product. So, knowing your real-time emotional state can help businesses increase revenue by selling their products. Emotional computing is a technology that helps recognize human decisions by analyzing facial expressions, heart rate, speech, and other body parameters.
A full report of Affective Computing Market is available at: https://www.orionmarketreports.com/affective-computing-market/25170/
Affective Computing Market: Market Segmentation
By Technology
• Touchless
• Touch-Based
By Solutions
• Software
• Gesture Recognition
• Speech Recognition
• Enterprise Software
• Facial Expression Recognition
• Neural Analytics
• Others
By Hardware
• Storage Devices and Processors
• Sensors
• Cameras
• Others
By Vertical
• Healthcare
• Media and Entertainment
• Government and Defense
• Education
• Leisure and Hospitality
• Communication and Technology
• Retail
• Others
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Smart Home market report
• What was the Affective Computing Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Affective Computing Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Affective Computing Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
