Emotion Detection and Recognition (EDR) Market: 2016–2022
Emotion Detection and Recognition (EDR) is the technology used to identify the emotional state of the person (anger, confusion or deceit across both voice and non-voice channels). EDR gives an opportunity to learn about the customer’s state of mind as they emotionally respond to marketing, product and service experiences.
Organizations need EDR for deep insight into consumer’s unfiltered and unbiased emotional reactions to digital content and to judge the human content’s likability, its effectiveness, and its virality potential. The addition of the emotion layer to digital experiences enriches company’s interactions and communications with the client (like retail, telecommunications etc.).
With the demand for business, artificial intelligence and increasing trend of wearable devices, the industry has become prominent in detection technology. According to Infoholic Research, the market will witness a CAGR of around XX% during the forecast period 2016–2022. EDR can be a powerful tool for market research and focus groups, providing quantitative analysis of a measure that was previously untraceable. Emotion detection could be integrated into iPlayer to help users decide what to watch next in the future.
The market is driven by various factors such as increasing demand, increasing focus on effective computing, and easy availability of analytical tools. The stabilizing economies in APAC and Europe regions will drive the growth. Due to IT spending in developed countries, the market is mostly related to maintenance and productivity, which is relatively stable. Despite the presence of various drivers, the market is facing some challenges such as data security & privacy issues and degree of accuracy.
Few players included in the report are Affectiva, Beyond Verbal Communication Ltd., Emotient, Emospeech, Eyeris (EmoVu), Kairos AR Inc., Noldus, Nviso, Realeyes, Sentiance, Sightcorp, Tobii, SkyBiometry, and FaceSDK (Luxand, Inc.). The report provides a comprehensive review of technology, modes, services, and industry verticals. The Emotion Detection and Recognition market is analyzed by six regions – APAC, Western Europe, Central & Eastern Europe, Middle East & Africa, North America and Latin America.
The study covers and analyzes the “Worldwide Emotion Detection and Recognition” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.
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