Market Overview:
The global emotion AI solutions market is expected to grow at a CAGR of 27.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for emotion AI solutions from various end-use industries, such as academia and research, media and entertainment, government and defense, healthcare and life sciences, IT and telecom, retail and eCommerce, automotive BFSI ,and others. The rising demand for emotion AI solutions across these end-use industries is due to the growing need for understanding customer emotions in order to provide better customer experience.
Product Definition:
Emotion AI solutions aim to detect and interpret human emotions. This technology is important because it can help machines interact with humans in a more natural way, which can improve the user experience. Additionally, emotion AI can be used for marketing purposes, to better understand customer sentiment and preferences.
Software:
Software is the invisible layer that helps companies manage their data. It's used by businesses to record and process transactions, analyze information, create reports, and store data. The software also enables users to access the stored information using a computer or smartphone.
The global software market size was valued at USD 1,099 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 11% from 2019 to 2025.
Hardware:
Hardware is the physical devices and tools that are used to build an Emotion AI solution. It can be in the form of chips, boards, dongles or any other hardware device. Hardware components consist of sensors such as cameras & image sensors, actuators such as motors & controllers along with various other electronic devices that capture data from different sources and transfer it to a software application for analysis.
The major function performed by hardware is to provide interfaces between machines (e.g.
Application Insights:
The media and entertainment segment accounted for the largest revenue share in 2017. The growing adoption of AI solutions to enhance the customer experience, improve operational efficiency, and develop new products is driving the demand in this sector. For instance, Soundwave Labs developed an AI chatbot for Twitter users to have a live audio conversation with them on different topics such as current affairs, sports updates, weather forecasts, jokes etc. The bot can also understand user queries through natural language processing and deliver relevant content within five minutes. Such initiatives by companies are expected to drive market growth over the forecast period.
The healthcare and life sciences segment is anticipated to witness significant growth over the forecast period owing to increasing investments by governments as well as private institutions in research activities related with affective computing systems that can help people suffering from mental disorders or physical conditions (such as Parkinson¢â‚¬â„¢s disease).
Regional Analysis:
North America dominated the market in 2017 owing to the presence of a large number of prominent players and increased funding for research activities. The region is expected to maintain its dominance over the forecast period due to increasing investments in R&D and growing adoption of AI technology across various sectors. Europe accounted for significant share in terms of revenue, owing to increased funding from government organizations, such as EU & EIB; academic institutions; and private companies.
Asia Pacific is anticipated to grow at a lucrative CAGR during the forecast period due rising awareness about emerging technologies along with increasing penetration of smartphones. Moreover, countries like China are investing heavily in this space which will drive regional growth over next seven years or so.
Growth Factors:
- Increasing demand for emotional intelligence from businesses to improve customer engagement and satisfaction
- Growing number of social media users and the increasing trend of online shopping
- Proliferation of digital devices and the increasing use of mobile apps
- Development of new emotion recognition technologies
- Rising demand for mental health diagnosis and treatment
Scope Of The Report
Report Attributes
Report Details
Report Title
Emotion AI Solutions Market Research Report
By Type
Software, Hardware
By Application
Academia and Research, Media and Entertainment, Government and Defense, Healthcare and Life Sciences, IT and Telecom, Retail and eCommerce, Automotive, BFSI, Others
By Companies
Kairos, CrowdEmotion, Affectiva, Beyond Verbal, PointGrab, nViso, Eyeris, Intel RealSense, Realeyes, the Affective Computing Company, Elliptic Labs, SoftKinetic, Sension, Gestigon, Cogito, Sightcorp
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
223
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Emotion AI Solutions Market Report Segments:
The global Emotion AI Solutions market is segmented on the basis of:
Types
Software, Hardware
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Academia and Research, Media and Entertainment, Government and Defense, Healthcare and Life Sciences, IT and Telecom, Retail and eCommerce, Automotive, BFSI, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kairos
- CrowdEmotion
- Affectiva
- Beyond Verbal
- PointGrab
- nViso
- Eyeris
- Intel RealSense
- Realeyes
- the Affective Computing Company
- Elliptic Labs
- SoftKinetic
- Sension
- Gestigon
- Cogito
- Sightcorp
Highlights of The Emotion AI Solutions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Hardware
- By Application:
- Academia and Research
- Media and Entertainment
- Government and Defense
- Healthcare and Life Sciences
- IT and Telecom
- Retail and eCommerce
- Automotive
- BFSI
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Emotion AI Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Emotion AI Solutions is a company that specializes in artificial intelligence (AI) and machine learning. It offers a range of services, including natural language processing, image recognition, and predictive analytics. The company's clients include businesses and governments around the world.
Some of the major companies in the emotion ai solutions market are Kairos, CrowdEmotion, Affectiva, Beyond Verbal, PointGrab, nViso, Eyeris, Intel RealSense, Realeyes, the Affective Computing Company, Elliptic Labs, SoftKinetic, Sension, Gestigon, Cogito, Sightcorp.
The emotion ai solutions market is expected to register a CAGR of 27.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Emotion AI Solutions Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Emotion AI Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Emotion AI Solutions Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Emotion AI Solutions Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Emotion AI Solutions Market Size & Forecast, 2018-2028
4.5.1 Emotion AI Solutions Market Size and Y-o-Y Growth
4.5.2 Emotion AI Solutions Market Absolute $ Opportunity
Chapter 5 Global Emotion AI Solutions Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Emotion AI Solutions Market Size Forecast by Type
5.2.1 Software
5.2.2 Hardware
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Emotion AI Solutions Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Emotion AI Solutions Market Size Forecast by Applications
6.2.1 Academia and Research
6.2.2 Media and Entertainment
6.2.3 Government and Defense
6.2.4 Healthcare and Life Sciences
6.2.5 IT and Telecom
6.2.6 Retail and eCommerce
6.2.7 Automotive
6.2.8 BFSI
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Emotion AI Solutions Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Emotion AI Solutions Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Emotion AI Solutions Analysis and Forecast
9.1 Introduction
9.2 North America Emotion AI Solutions Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Emotion AI Solutions Market Size Forecast by Type
9.6.1 Software
9.6.2 Hardware
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Emotion AI Solutions Market Size Forecast by Applications
9.10.1 Academia and Research
9.10.2 Media and Entertainment
9.10.3 Government and Defense
9.10.4 Healthcare and Life Sciences
9.10.5 IT and Telecom
9.10.6 Retail and eCommerce
9.10.7 Automotive
9.10.8 BFSI
9.10.9 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Emotion AI Solutions Analysis and Forecast
10.1 Introduction
10.2 Europe Emotion AI Solutions Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Emotion AI Solutions Market Size Forecast by Type
10.6.1 Software
10.6.2 Hardware
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Emotion AI Solutions Market Size Forecast by Applications
10.10.1 Academia and Research
10.10.2 Media and Entertainment
10.10.3 Government and Defense
10.10.4 Healthcare and Life Sciences
10.10.5 IT and Telecom
10.10.6 Retail and eCommerce
10.10.7 Automotive
10.10.8 BFSI
10.10.9 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Emotion AI Solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Emotion AI Solutions Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Emotion AI Solutions Market Size Forecast by Type
11.6.1 Software
11.6.2 Hardware
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Emotion AI Solutions Market Size Forecast by Applications
11.10.1 Academia and Research
11.10.2 Media and Entertainment
11.10.3 Government and Defense
11.10.4 Healthcare and Life Sciences
11.10.5 IT and Telecom
11.10.6 Retail and eCommerce
11.10.7 Automotive
11.10.8 BFSI
11.10.9 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Emotion AI Solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America Emotion AI Solutions Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Emotion AI Solutions Market Size Forecast by Type
12.6.1 Software
12.6.2 Hardware
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Emotion AI Solutions Market Size Forecast by Applications
12.10.1 Academia and Research
12.10.2 Media and Entertainment
12.10.3 Government and Defense
12.10.4 Healthcare and Life Sciences
12.10.5 IT and Telecom
12.10.6 Retail and eCommerce
12.10.7 Automotive
12.10.8 BFSI
12.10.9 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Emotion AI Solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Emotion AI Solutions Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Emotion AI Solutions Market Size Forecast by Type
13.6.1 Software
13.6.2 Hardware
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Emotion AI Solutions Market Size Forecast by Applications
13.10.1 Academia and Research
13.10.2 Media and Entertainment
13.10.3 Government and Defense
13.10.4 Healthcare and Life Sciences
13.10.5 IT and Telecom
13.10.6 Retail and eCommerce
13.10.7 Automotive
13.10.8 BFSI
13.10.9 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Emotion AI Solutions Market: Competitive Dashboard
14.2 Global Emotion AI Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kairos
14.3.2 CrowdEmotion
14.3.3 Affectiva
14.3.4 Beyond Verbal
14.3.5 PointGrab
14.3.6 nViso
14.3.7 Eyeris
14.3.8 Intel RealSense
14.3.9 Realeyes
14.3.10 the Affective Computing Company
14.3.11 Elliptic Labs
14.3.12 SoftKinetic
14.3.13 Sension
14.3.14 Gestigon
14.3.15 Cogito
14.3.16 Sightcorp
