Global Emotion Analytics Market: Market Driver and Restraint
Applications of Emotion Analytics are anticipated to create new business segments in the market. Emotion Analytics is in use for a broad range of Media & Entertainment, Retail and Education. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since the market concentration of this industry is very high in recent years.
Manufacturers are exploring the potential of Emotion Analytics in Financial Services, Healthcare and others. Application of Emotion Analytics in Financial Services, Healthcare products are gaining traction in the recent years. Recently, manufacturers have started using this technology to help their customers and business.
Global Emotion Analytics Market: Key Takeaways
· The key differentiation strategy is to offer products that are better match customers’ business
· In terms of form, the demand for Media & Entertainment is the highest, followed by Retail and Education
· One of the major challenges for the Emotion Analytics market is the technology changes. The technology shift to business or how to help ones’ do business is not so that mature.
Global Emotion Analytics Market: Forecast by Application
Application segment consists of Media & Entertainment, Retail and Education, Financial Services, Healthcare and others. Among Media & Entertainment industry segment, Emotion Analytics finds application in various situation, which was estimated to account for a revenue share of over 36.8% within the Media & Entertainment industry segment in 2017. In 2017, the Retail and Education segment was estimated to be valued at US$ 51 Mn which is expected to increase at a CAGR of 59.5% over the forecast period.
Global Emotion Analytics Market: Forecast by Form
This segment includes Facial Analytics, Speech Analytics, Video Analytics and Others. In terms of volume, Facial Analytics segment is expected to remain dominant in the global Emotion Analytics market. Facial Analytics segment in the global Emotion Analytics market is expected to create absolute $ opportunity of US$ 700 Mn between 2018 and 2023.
Global Emotion Analytics Market: Forecast by Region
North America, Europe, China, Japan, India, Southeast Asia and Rest of the World are the seven regions that are included in this report. North America is the dominant market in the global Emotion Analytics market in terms of value. The North America Emotion Analytics market was estimated to be valued at US$ 50 Mn in 2017 and is expected to expand at a value CAGR of 57.7% over the forecast period. The Europe market is expected to expand at a robust rate of 60.7% in terms of revenue over the forecast period due to the steadily increasing production.
Global Emotion Analytics Market: Key Players
Microsoft, IBM, Imotions A/S, Kairos, Beyond Verbal, Affectiva, Eyeris (EmoVu), nViso SA, Realeyes, Yuyidata, Adoreboard, Heartbeat AI, Deloitte, SAS Institute Inc, Clarabridge, Crimson Hexagon, Berkshire Media, Dentsu are the key vendors included in this report.
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