Affective Computing Market analysis by Service Type, by Vertical
Global Covid-19 Analysis on Affective Computing Market Research Report — By Type (hardware, software) By Vertical (retail, IT & Telecom) By Deployment (cloud, on-premise) By Organization size (SME’s, large enterprises) By Technology (touch, touchless) — Forecast till 2023
Key Players
MRFR listed some notable players operating in the affective computing market. They are; Microsoft Corporation (U.S.), Softkinetic Systems (Belgium), Saffron Technologies Inc. (U.S.), IBM Corporation (U.S.), Numenta (U.S.), Qualcomm Inc. (U.S.), Pyreos Limited (Scotland), Google LLC (U.S.), Eyesight Technologies Ltd. (Israel), SiteCorp. (The Netherlands), Elliptic Labs A/S (Norway), Vokaturi (The Netherlands), Gesturetek(U.S.), Dream Face Technologies (U.S.), SRI International (U.S.), Palantir Technologies(U.S.), Emotional Recognition(U.K), Affectiva (U.S.), CrowdEmotion(U.K), Feel Wristband (Sentio Solutions)(U.S.), among others
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Market Scenario
Market Research Future (MRFR) in its affective computing market 2020report reveals the impact of COVID pandemic on the regional affective computing market size. The expansion of the affective computing industry can be credited to the presence and increase in new entrants dealing in affective computing technology. The rise in investment to develop highly intelligent systems to introduced highly effective human-machine interaction can bolster the expansion of the affective computing market value across the assessment period. The impact of affective computing on industrial applications, such as customer relationship management (CRM), consumer electronics, virtual reality, security, healthcare, and robotics can boost the expansion of the global market in the near future. The high application of connected devices in different industries and constant improvement in affective computing technology can impel the expansion of the market. The inadequacy of standards and high production expenses can deter the market growth pace.
The Covid-19 Analysis on Affective Computing Market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the Covid-19 Analysis on Affective Computing Market highlights the future prediction and the growth alternatives that can be created.
Market Segment
The segment study of the Covid-19 Analysis on Affective Computing Market is based on technology, organization size, type, vertical, and deployment.
The type based, affective computing market segments are hardware and software. The software segment comprises of enterprise software, speech recognition, analytics software, gesture recognition, and facial feature extraction among others.
The vertical-based segments of the affective computing market are transportation & logistics, IT &Telecom, retail, BSFI, public sector, and others.
The deployment based, the affective computing market segments are on-premise and cloud.
The organization size- based segments of the affective computing market are large enterprises and small & medium scale enterprise (SME’s).
The technology based segments of the affective computing market are touchless and touch-based.
Regional Analysis
The affective computing market in the North America region is expected to attain a large share of the world market share throughout the review period. The presence of numerous enterprises that are deploying affective computing technologies, with modern technologies can promote the expansion the affective computing market in the region, reveals MRFR study.
In Europe, the rise of the affective computing market can be attributed to the increase in its demand, along with cost cutting benefits, availability of import or export scheme, boost in manufacturing volume, and significant contribution to affective computing in the GDP of EU can boost the expansion of the regional market. The UK can lead the regional market, followed by the rest of EU. The rise in cases of COVID positive in EU can impact the affective computing market dynamic of the region. A temporary halt in research and development activities associated with multimodal recognition can impede the affective computing market growth in the region.
In Asia Pacific, the high growth potential of the affective computing market can gain considerable revenue for the market across the forecast period. The expansion of the affective computing market in the APAC region can be driven by improvement in technological implementations and increased investments in smart cities. In India, South Korea, Australia, and other regions of Asia Pacific the growing popularity of affective computing market is observed as a key driver for the market to rise as robotic culture and digital call centers are gaining prominence.
LIST OF TABLES
Table1 Global Affective Computing Market: By Region, 2018-2023
Table2 North America Affective Computing Market: By Country, 2018-2023
Table3 Europe Affective Computing Market: By Country, 2018-2023
Table4 Asia Pacific Affective Computing Market: By Country, 2018-2023
Table5 The Middle East & Africa Affective Computing Market: By Country, 2018-2023
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LIST OF FIGURES
FIGURE 1 Global Affective Computing Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Affective Computing Market
FIGURE 4 Value Chain Of Global Affective Computing Market
FIGURE 5 Share Of Global Affective Computing Market In 2018, By Country (In %)
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