Affective Computing Market Growth 2021 Top Business Growing Strategies, Technological Innovation and Emerging Trends of Outlook To 2026 Top Vendors Google Inc., Microsoft Corporation, IBM Corporation

Research Reports

Jan 22, 2021

Affective Computing Market

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 North America region is the largest market for affective computing and is likely to witness a consistent growth during the forecast period. The presence of established and active research organizations in the region that are working toward the development of innovative affective computing technologies are affecting the market positively.

Affective Computing Market: Leading Participants

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

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The Affective Computing market report by Reports and Data provides an extensive overview of the vital elements of the Affective Computing market and factors such as drivers, restraints, latest trends, regulatory scenario, competitive landscape, technological advancements, and others. An in-depth analysis of these factors is offered to understand the future growth prospects of the global Affective Computing market.

For the purpose of this report, Reports and Data have segmented into the global Affective Computing market on the basis of technology, software, hardware, end-use industries and region:

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

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

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

Regional Outlook (Revenue in USD Million; 2016-2026)

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

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
Continued

Key Questions Answered:

What are the global production value and consumption value of Affective Computing Market in the forecast period?
Who are the key players in the global Affective Computing Market?
What will the Affective Computing Market size and growth rate be in 2026?
Which key factors will shape the competitive landscape in the forecast period?

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Chapter 1. Market Synopsis

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics

Chapter 4. Affective Computing Segmentation & Impact Analysis

4.1. Affective Computing Material Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Market indicators analysis

4.2.2. Market drivers analysis

Continued…

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