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Thursday, November 23, 2023

Global Emotion Detection and Recognition Market is Anticipated to Grow at a CAGR of 13.2% during 2024 to 2030

The future of the global emotion detection and recognition market looks promising with opportunities in the academia and research, media and entertainment, IT and ITes, healthcare and social assistance, telecommunications, retail and ecommerce, automotive, andBFSI markets. The global emotion detection and recognition market is expected to reach an estimated $59.2 billion by 2030 with a CAGR of 13.2% from 2024 to 2030. The major drivers for this market are increasing demand for biometric security system and rising popularity of wearable device.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the emotion detection and recognition market by component (software and services), application (medical emergency, marketing and advertising, law enforcement, surveillance, and monitoring, entertainment and consumer electronics, and others), end use (academia and research, media and entertainment, IT and ITes, healthcare and social assistance, telecommunications, retail and ecommerce, automotive,BFSI, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, software and service are the major segments of emotion detection and recognition market by component. Lucintel forecasts that service is expected to witness the highest growth over the forecast period.Within this market, healthcare and social assistance is expected to witness the highest growth over the forecast period.

North America is expected to witness highest growth over the forecast period.

NEC, IBM, Microsoft, Apple, and Google are the major suppliers in the emotion detection and recognition market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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