marketreportsupdates (91)

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Emotion Detection and Recognition Market To Reach
USD 148.11 Billion By 2026
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Market Size USD 11.90 Billion in 2018, Market
Growth - CAGR of 36.9, Market Trends The
rising demand for Wearable Technology.
Market Summary
The global emotion detection and recognition
market is forecast to reach USD 148.11 Billion by
2026, according to a new report by Reports and
Data. With the rising number of smart homes,
increasing demand for personal health, and
industry 4.0, the interaction between humans and
machines has gained significance like never
before. It is with the help of a flawless
exchange of emotions the communication between
computer and human can be improved. There are
various applicability of the emotion detection
technology that are propelling the growth of the
market.

• Further key findings from the report suggest
• The emotion detection and recognition market held
  a market share of USD 11.90 Billion in the year
  2018 and is forecasted to witness a CAGR of 36.9
  during the forecast period.
• In context to Software Tool, the facial
  expression recognition segment generated the
  highest revenue of USD 5.83 Billion in 2018, with
  a growth rate of 37.1 during the forecast
  period. Factors like its diverse application and
  the effectiveness of this software in
  understanding the feelings on a human face by
  utilizing hi-tech image processing software by
  calculating head orientation, individual
  characteristics, and gaze direction which
  contributed to the revenue generated by this
  segment.

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Market Summary
Key Players
Key participants Crowdemotion Ltd., Affectiva,
Beyond Verbal, Kairos Ar, Inc., Emotient, an
Apple Company, Eyeris, Realeyes, Noldus, Nviso,
and Skybiometry and Sightcorp.
Segmentation
Software Tool Type Outlook (Revenue, USD Billion
2020-2026) Speech and Voice Recognition Bio-Sensi
ng Software Tools and Apps Facial Expression
Recognition Technology type Outlook (Revenue, USD
Billion 2020-2026) Bio-Sensors
Technology Feature Extraction and 3D
Modeling Natural Language Processing
NLP Machine Learning
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Market Summary

• Regional Outlook for Assessment Services Market
  analyses the following geographies
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, and Italy)
• Asia-Pacific (China, Japan, Korea, India, and
  Southeast Asia)
• South America (Brazil, Argentina, Colombia, etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt,
  Nigeria, and South Africa)

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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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