Emotional Intelligence market is anticipated to grow at a considerable CAGR of 22.3% during the forecast period. The primary factor contributing to the market growth includes the growing demand for artificial technologies (AI) to understand human behavior. According to Help Guide Organization, emotional intelligence (also known as emotional quotient or EQ) is the ability to understand, use, and manage emotions in positive ways to relieve stress, communicate effectively, empathize with others, overcome challenges, and defuse conflict. Emotional intelligence supports building communicational understanding among people. For instance, Receptiviti’s (Emotions engine), called SALLEE (Syntax-Aware LexicaL Emotion Engine; pronounced Sally), detects emotions and sentiments expressed in text. It can count the score of emotions a person is expressing. It includes emotions such as feelings in the present, emotions they’ve felt in the past or expect to feel in the future, and emotions they see or assume others are feeling.
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Among the industry, the IT and telecommunication sub-segment is anticipated to hold a considerable market share, owing to the increasing demand for emotional intelligence software and platforms to improve the mental health of employees. Additionally, the rising introduction and implementation of various AI-based human behavior learning software. For instance, in March 2019, the MIT Management Sloan School published a report that states AI learns to interpret and respond to human emotion, senior leaders should consider how it could change their industries and play a critical role in their firms.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Emotional Intelligence Market Report Segment
By Component
- Software
- Services
By Application
- Human resource management
- Customer relationship management
- Sales and marketing
- Leadership development
By Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
Global Emotional Intelligence Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global emotional intelligence market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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