Affective Computing Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast Till 2026

0
494

 

 

Growing internet penetration across numerous industry verticals are propelling the market growth.

The global affective computing market is forecast to reach USD 255.43 Billion by 2026, according to a new report by Reports and Data. Affective computing is the study and development of frameworks and devices that can perceive, interpret, process, and simulate human effect. The study is an interdisciplinary field crossing computer science, cognitive science, and psychology. The affective computing market is getting popular across various ventures, for instance, healthcare, banking, and automotive, due to the wide affective computing adoption to recognize the emotional state of the shoppers in real-time and examine how consumers’ mind really influences the buying or selling of products. Affective computing will help in recognizing human emotion and decision making by studying one’s heart rate, voice, expressions, and other parameters. The market for affective computing is influenced by the rising demand and increasing adoption of wearable devices.

The above-mentioned factors collectively create opportunities for market growth, while factors such as exuberant production cost of affective computing systems pose limitations in the market. However, each factor would have a definite impact on the market during the forecast period. Consistent advancements in the affective computing market owing to innovative efforts have enhanced the efficiency of the technology.

 To download a PDF sample copy of the report, visit @ https://www.reportsanddata.com/sample-enquiry-form/2216

Top 10 Companies Operating in the Global Keyword Market:

Google Inc., Microsoft Corporation, IBM Corporation, Apple, Inc., Qualcomm Inc., Eyesight Technologies, Ltd., Elliptic Labs, Affectiva, Pyreos Limited, and Cognitec Systems GmbH among others.

Inquiry before buying @ https://www.reportsanddata.com/inquiry-before-buying/2216

The global market is further segmented into type and application:

Technology Outlook ( Revenue, USD Billion; 2016-2026)

  • Touch-based
  • Touchless

Software Outlook ( Revenue, USD Billion; 2016-2026)

  • Speech Recognition
  • Gesture Recognition
  • Facial Feature Extraction
  • Analytics Software
  • Enterprise Software

Hardware Outlook ( Revenue, USD Billion; 2016-2026)

  • Sensors
  • Cameras
  • Storage Devices and Processors
  • Others

End-use Industries Outlook ( Revenue, USD Billion; 2016-2026)

  • Healthcare & Life Sciences
  • Government & Defense
  • IT & Telecom
  • Automotive
  • Media and Entertainment
  • Others

 Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

 Further key findings from the report suggest

·       The touch-based segment held a market share of 54.1% in the year 2018. Affective touch, particularly human affective touch, brings a very extraordinary measure of information about distinct emotions in the affective computing field.

·       The facial feature extraction software segment is forecasted to grow with a CAGR of 36.6% during the forecast period. The growth is attributed to the growing demand for smartphones and other authenticating devices.

·       Deployment of cameras for affective computing is forecasted to grow with a CAGR of 36.9% during the forecast period, owing to the rising demand in facial feature extraction software.

·       The healthcare and life sciences segment held the largest market share of 28.9% in the year 2018 and is forecasted to grow with the highest CAGR of 37.3% during the forecast period. In the healthcare industry, affective computing find various application which includes facial expression recognition for the specially-abled children (dyslexia, autism, and others) and detection of mental disorder.

·       The North America region held the largest market share of 36.3% in the year 2018. Research organizations, for example, MIT have been concentrated in the locale leading different research ventures which incorporate affective response to haptic signals, automatic stress recognition in real-life scenario and so forth which in turn expands the interests in the region and attract increasing investments for the growth of affective computing.

Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/2216

Thank you for reading our report. We also offer customized report as per client requirement. Kindly connect with us to know more about customization plan and our team will offer you the altered report.

Explore More Industry Research by Reports and Data:

Specialty Tractor Market @ https://www.globenewswire.com/news-release/2020/03/03/1994603/0/en/Specialty-Tractor-Market-To-Reach-USD-132-1-Billion-By-2026-Reports-And-Data.html

Automotive Seats Market @ https://www.globenewswire.com/news-release/2019/08/12/1900508/0/en/Automotive-Seats-Market-To-Reach-USD-76-41-Billion-By-2026-Reports-And-Data.html

Body in White (BIW) Market @ https://www.globenewswire.com/news-release/2020/01/14/1969955/0/en/Body-in-White-BIW-Market-Is-Expected-To-Grow-With-CAGR-of-2-23-Reports-And-Data.html

Automotive Flooring Market @ https://www.globenewswire.com/news-release/2020/07/06/2058099/0/en/Automotive-Flooring-Market-To-Reach-USD-1-32-Billion-By-2027-Reports-and-Data.html

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

 

 

 

Pesquisar
Categorias
Leia mais
Outro
Organic Saffron Market overview, Research Report By 2022-2030
Market Overview The Organic Saffron Market is projected to be esteemed at USD 419.25 Million...
Por Harikaka Itachi 2023-03-30 07:30:10 0 550
Art
2023 Valid Dumps C-S4CWM-2208 Ppt | C-S4CWM-2208 Certification Test Answers
What's more, part of that TestPassKing C-S4CWM-2208 dumps now are free:...
Por Lynunozu Lynunozu 2023-02-10 06:04:50 0 594
Health
https://www.facebook.com/NivaCBDGummies/
✅➢Product Review: — Niva CBD Gummies ✅➢Used For: — Pain Relief & Stress ✅➢Main...
Por Marilynwarren Warren 2023-06-09 09:56:51 0 447
Causes
Top 50 Funny Apex Trader Funding Quotes
Despite all of the negative sentiment that has plagued Wall Street lately, there are still plenty...
Por Jazzy Expert 2023-05-22 11:41:17 0 483
Outro
Getting rid of QuickBooks Has Stopped Working or Not Responding
QuickBooks users have got trouble while performing their tasks due to sudden shutdown of...
Por Joey Williams 2023-09-23 12:44:36 0 523