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Affective Computing Market Worth 53.98 Billion USD by 2021


News provided by

MarketsandMarkets

23 Mar, 2017, 11:30 GMT

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PUNE, India, March 23, 2017 /PRNewswire/ --

According to a new market research report "Affective Computing Market by Technology (Touch-Based and Touchless), Software (Speech Recognition, Gesture Recognition, Facial Feature Extraction, Analytics Software, & Enterprise Software), Hardware, Vertical, and Region - Forecast to 2021", published by MarketsandMarkets, the global market to increase from USD 12.20 Billion in 2016 to USD 53.98 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 34.7%.

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Browse 64 market Tables and 32 Figures spread through 115 Pages and in-depth TOC on "Affective Computing Market"

http://www.marketsandmarkets.com/Market-Reports/affective-computing-market-130730395.html

Early buyers will receive 10% customization on this report.

The Affective Computing Market is growing rapidly, owing to the increasing need for data archiving tools to organize the data generated from varied end-use sectors.

Facial feature extraction software is expected to grow during the forecast period
 

The research study for the global Affective Computing Market encompasses the analysis of the market on the basis of software, which is further segmented into speech recognition, gesture recognition, facial feature extraction, analytics software, and enterprise software. The deployment of facial feature extraction software is mainly driven by the increasing demand expression recognition technique, used by various end-use sectors, especially, healthcare & life sciences and media & entertainment.

The healthcare and life sciences sector is expected to hold the largest market share

The affective computing end-users are segmented into academia & research, media & entertainment, government & defense, healthcare & life sciences, Information Technology (IT) & telecom, retail & e-commerce, automotive, and Banking, Financial Services, & Insurance (BFSI). The healthcare and life sciences sector holds large scale application areas for affective computing technology, which include facial expression recognition for the specially-abled children (autism & dyslexia) and detection of psychological disorders, thereby holding the largest market share among other end-use verticals studied for the market analysis.

Ask for PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=130730395

Asia-Pacific is expected to be the most lucrative market in 2016

The research study encompasses regional market analysis for North America, Europe, Asia-Pacific (APAC), and the Rest of World (RoW), along with some of the major countries in specific regions. North America is expected to hold the largest share in the Affective Computing Market in 2016, which may then overshadowed by the APAC region, by the end of forecast period.

The rapid developments in infrastructure and higher adoption of digital technologies are the two major drivers that increase the demand for the Affective Computing Market. Furthermore, the U.S is the most technologically-advanced region, with the presence of different business verticals in this region, such as BFSI, healthcare, and retail & e-commerce.

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The prominent players in the Affective Computing Market are Google Inc. (California, U.S.), IBM Corporation (New York, U.S.), Microsoft Corporation (Washington DC, U.S.), Saffron Technology (North Carolina, U.S.), Softkinteic System S.A. (Brussels, Belgium), Affectiva (Waltham, U.S.), Elliptic Labs (Oslo, Norway), Eyesight Technologies Ltd. (Israel), Pyreos Ltd. (Edinburgh, U.K.), Cognitec Systems GmbH (Germany), Beyond Verbal Communication Ltd. (Tel Aviv, Israel), Numenta (California, U.S.), GestureTek (Canada), and SightCorp (Amsterdam, the Netherlands).

Browse 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
http://www.marketsandmarkets.com/Market-Reports/emotion-detection-recognition-market-23376176.html

Natural Language Processing Market by Type (Rule-Based, Statistical, and Hybrid), Technologies (Recognition, IVR, OCR, Speech Recognition, Text Processing, Pattern & Image Recognition), by Deployment Type, Vertical & by Region - Global Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/natural-language-processing-nlp-825.html

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About MarketsandMarkets 

MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients, almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets is now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


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