Emotion Detection Market to Reach USD 124.24 Billion by 2030

The emotion detection and recognition market has gained significant traction in recent years, driven by the increasing need for businesses to understand consumer emotions and behavior. The market size was valued at USD 17.41 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 32.41% from 2024 to 2030, reaching nearly USD 124.24 billion.

The report provides an in-depth analysis of the global emotion detection and recognition market, including market size, share, growth, trends, and forecast. The market is segmented by technology, software tool, and region. By technology, the machine learning segment dominates the market, followed by natural language processing and pattern recognition. By software tool, facial expression recognition, bio-sensing software tools and apps, and speech and voice recognition are the top segments.

The report also provides a comprehensive analysis of the competitive landscape, including key players such as Affectiva, Emotient, Beyond Verbal, NVISO, Paravision Inc., Noldus Information Technology, Sightcorp, Realeyes, Cognitec, and NEC Corporation. The key questions answered in the report include market size, growth rate, factors driving growth, fastest-growing region, growth strategies, and leading companies.

The report provides key offerings such as past market size and competitive landscape, past pricing and price curve by region, market size, share, and forecast by different segment, market dynamics, market segmentation, competitive landscape, and key trends by region.

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Q: What is emotion detection and recognition?

A: Emotion detection and recognition is the process of identifying and analyzing human emotions using artificial intelligence and machine learning techniques.

Q: What was the emotion detection and recognition market size in 2023?

A: The emotion detection and recognition market size was valued at USD 17.41 billion in 2023.

Q: What is the growth rate of the emotion detection and recognition market?

A: The emotion detection and recognition market is expected to grow at a CAGR of 32.41% from 2024 to 2030.

Q: Which are the factors expected to drive the emotion detection and recognition market growth?

A: Increasing demand for AI-powered emotional intelligence, growing need for businesses to understand consumer emotions and behavior, and advancements in machine learning and natural language processing are expected to drive the emotion detection and recognition market growth.

Q: Who are the leading companies in the emotion detection and recognition market?

A: Leading companies in the emotion detection and recognition market include Affectiva, Emotient, Beyond Verbal, NVISO, Paravision Inc., Noldus Information Technology, Sightcorp, Realeyes, Cognitec, and NEC Corporation.