Emotion AI is a field of computer science that helps machines or robots to gain an understanding of human emotions. Emotion AI appears in several forms. The primary kind recognizes feelings in individuals. This type of technology has significant promise for diagnosis in the field of mental healthcare. In addition, it may be used to track resiliency in illnesses including cancer in terms of physical health.
Moreover, AI-powered solutions have the capacity to continually monitor networks, endpoints, and systems, allowing for quick reaction and real-time visibility into any situation. This further leads to more accurate and effective business operations. In addition, the increase in demand for behavioral analysis in several industries further contributes to driving growth of the global market. The AI systems are more trained, that further reduced the chances of false positives by improving accuracy of the emotion detection solutions. Such enhanced factors are expected to provide lucrative opportunities for market growth during the forecast period. In addition, emotion AI solutions are also set to influence industries like healthcare, insurance, education and transportation, which are further expected to contribute to the growth of global market. Moreover, the surge in usage of internet devices in various applications and rising amount of data generated by these internet devices creates lucrative opportunities for the global emotion AI market. Moreover, growing demand for flexible emotion recognition services across businesses is expected to fuel the growth of the market during the forecast period.
Furthermore, the rise in visualization tools for security data is also arising, which further is expected to provide lucrative growth opportunities for the market in the forecast period. These factors actively impact the growth of the market in the forecast period. Additionally, the growing trend of digitally enabled solutions is the major factor driving the market growth. Also, the surge in usage of IoT devices in various applications and the rising amount of data generated by these internet devices creates lucrative opportunities for the global emotion AI market. Moreover, the growing demand for flexible digital services across businesses is expected to fuel the growth of the market during the forecast period. Furthermore, the rise in visualization tools for security data is also arising, which further is expected to provide lucrative growth opportunities for the market in the forecast period.
The emotion AI market is segmented into components, enterprise size, application and region. On the basis of component, it is bifurcated into software and service. By enterprise size, it is divided into large enterprise and small and medium-sized enterprises. By application, it is categorized into BFSI, healthcare, IT & telecommunication, retail and e-commerce, government, media and entertainment, automotive, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the global emotion AI market. This report further outlines the current trends and key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key market players to increase their market share and sustain intense competition in the industry. The key players operating in the market include IBM Corporation, Microsoft Corporation, Cogito Corporation, Eyesight Technologies, Apple, Inc., Affectiva, Nuralogix Corporation, Realeyes, NVISO, and Emotibot.
Key Benefits for Stakeholders
-The study provides an in-depth analysis of the emotion AI market forecast along with the current and future trends to explain the imminent investment pockets.
-Information about key drivers, restraints, and opportunities and their impact analysis on emotion AI market trends is provided in the report.
-The Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
-The quantitative analysis of the emotion AI market from 2022 to 2032 is provided to determine the market potential.
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KEY MARKET SEGMENTS
By Component
- Software
- Service
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By Application
- BFSI
- Healthcare
- IT and Telecommunication
- Retail and E-commerce
- Government
- Media and Entertainment
- Automotive
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Microsoft Corporation
- Apple, Inc.
- Affectiva
- NVISO
- Realeyes
- Cipia Vision Ltd.
- Cogito Corporation
- NuraLogix Corporation
- Emotibot
- IBM Corporation