The global affective computing market size is expected to reach USD 284.73 Billion at a steady CAGR of 32.5% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to growing demand for telemedicine and increasing need to remotely assess patient’s health. Remote monitoring of patients is a primary application of telemedicine. Use of affective competing through smart devices such as smart wearables in telemedicine enables a more cost-effective and rapid means of assessing current state and need for medication for a patient at a distance.
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Affective computing market in North America accounted for the largest revenue share in 2020, attributed to high adoption of advanced technologies, high implementation of Artificial Intelligence in end-use industries such as BFSI, e-commerce, healthcare, and information technology. In addition, presence of leading providers of affective computing solution providers in countries in the region are causative of the steady market growth.
Key players in the market include Microsoft Corporation, Affectiva, Google LLC, Elliptic Laboratories A/S, Apple Inc., Cognitec Systems GmbH, Sony Depthsensing Solutions, International Business Machine Corporation, Qualcomm Technologies Inc., and Cipia Vision Ltd.
Global Affective Computing Market – Overview:
The latest market intelligence report, titled ‘Global Affective Computing Market’, is intended to provide the target audience with the necessary information about the global Affective Computing industry. The report comprises a detailed analysis of the vital elements of the Affective Computing market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors.
Growing demand for telemedicine and increasing need to remotely assess patient’s health is a significant factor driving global affective computing market revenue growth.In addition, telemedicine providers focusing on specialized areas, including telepsychiatry, can particularly gain from affective computing, which enables psychiatrists/psychologists to comprehend feelings and emotional states of their patients even though the patient is physically not present or are unable to describe their emotions to a psychologist.Affective computing can help games interact more naturally with the player by using computer vison to recognize their emotions through facial expressions and adapt accordingly.
The report carefully investigates the present market scenario and the fundamental growth prospects.Therefore, the report, published by Emergen Research, is a detail-oriented compilation of the crucial aspects of the Affective Computing market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.
Speech recognition software helps in analyzing speech features like intonation, vocal pitch, and tone, along with the words that denote a particular sentiment or emotional state. Speech recognition software is particularly beneficial in call centers to detect a caller’s angry voice tone, and transfer such calls to a human operator instead of making the caller interact with an automated system, which might increase their frustration level.
Contactless affective computing technology deploys radio waves to identify a person’s feelings and recognize one emotional states, including sadness, pleasure, anger, and joy. Contactless affective computing technology uses rebounding radio waves to measure an individuals’ heart rate and breathing pattern without even establishing any contact with their body.
Emergen Research has segmented the global affective computing market on the basis of offering, technology, industry vertical, and region:
- Offering Outlook (Revenue, USD Billion; 2018–2028)
- Hardware
- Cameras
- Sensors
- Storage Devices
- Others
- Software
- Speech Recognition
- Facial Feature Extraction
- Gesture Recognition
- Others
- Hardware
- Technology Outlook (Revenue, USD Billion; 2018–2028)
- Contactless
- Contact-based
- Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
- Healthcare
- Retail
- Automotive
- Media Entertainment
- BFSI
- IT Telecommunication
- Government
- Others
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Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Affective Computing market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Affective Computing market size
2.2 Latest Affective Computing market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Affective Computing market key players
3.2 Global Affective Computing size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Affective Computing market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Research Methodology
- Data triangulation and market breakdown
- Research assumptions Research data including primary and secondary data
- Primary data includes breakdown of primaries and key industry insights
- Secondary data includes key data from secondary sources
Key geographical areas:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
Valuable Market Insights:
- The report highlights the latest trends observed in the consumption pattern of each regional segment.
- Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
- The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Affective Computing market.
- The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Read More:https://www.emergenresearch.com/industry-report/affective-computing-market
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