Emotion Detection and Recognition Market

There are Several Renowned Players in this Market Such as Affectiva (U.S.), Beyond Verbal (Israel), Crowd Emotion Ltd. (U.K.) in Emotion Detection and Recognition Technologies Market

The emotion detection and recognition technologies can act as one of the main drivers for the growth of service industries, such as automotive, healthcare, and retail. Technologies such as Natural Language Processing (NLP), feature extraction & 3-D modeling, and bio-sensors technology are expected to have exponential growth. MarketsandMarkets forecasts the emotion detection and recognition market size to grow from USD 6.72 Billion in 2016 to USD 36.07 Billion by 2021, at a CAGR of 39.9% from 2016 to 2021.

There are several renowned players in this market such as Affectiva (U.S.), Beyond Verbal (Israel), Crowd Emotion Ltd. (U.K.), Emotient, an Apple company (U.S.), Eyeris (U.S.), Kairos Ar. Inc. (U.S.), Noldus (Netherlands), nViso (Switzerland), Realeyes (U.K.), Sentiance (Belgium), Sightcorp (Netherlands), and SkyBiometry (Lithuania). These players have adopted various strategies such as partnerships, collaborations, agreements, mergers & acquisitions, and new product developments to achieve growth in the global emotion detection and recognition market.

Affectiva (U.S.) is one of the leading players in the emotion detection and recognition market. The company adopted both organic as well as inorganic strategies to enhance its presence in this market. It entered into various partnerships and strategic alliances with local as well as global players. For instance, in June 2016, Affectiva partnered with Confirmit to offer market research organization a detail insight on sentiments to understand the buying behavior of customers. In September 2015, the company launched Affdex SDK, an emotion sensing SDK for iOS, Windows, and Android platforms. Affdex SDK 2.0 facilitates clients with new expression model based on extensive set of facial images.

Beyond Verbal (Israel) is another major provider of emotion detection and recognition solutions. The company has a robust data repository of 2.13 million voice samples from 170 countries. The company also has eight patents in the field of emotion sensing technology. Beyond Verbal focuses more on organic growth strategies to tap into the emotion detection and recognition market. For instance, in March 2016, the company launched Emotions Analytics API to improve the critical business intelligence of customers by enabling innovative integration of emotional intelligence into any voice driven, network-connected solution.

Related Reports:

Emotion Detection and Recognition Market by Technology (Bio-Sensor, NLP, Machine Learning), Software Tool (Facial Expression, Voice Recognition), Service, Application Area, End User, and Region - Global Forecast to 2021

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Report Code
TC 4016
RI Published ON
12/2/2016
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