Emotion Detection and Recognition Market - Global forecast to 2020

Emotion Detection and Recognition market to reach USD 22.65 billion by 2020
This study has been done on a global level broadly covering four regions, namely, North America, Europe, APAC, Middle East and RoW, and the market is projected to grow from USD 5.66 billion in 2015 to USD 22.65 billion by 2020, at a CAGR of 31.9% during the period. The market is being driven by factors such as increased focus on affective computing, business intelligence, and growing amount of spatial data as well as prompt availability of analytical tools.
“Law Enforcement, Surveillance, and Monitoring areas are projected to showcase robust growth in the emotion detection and recognition market”
The defense and security agencies require emotion detection technology for surveillance and monitoring purposes. Major implementation of this technology has already been done in the areas of military services such as lie detectors and polygraph tests. The emotion detection technology helps in matching the records in real-time and detecting the stress levels of a criminal. Sightcorp develops unique CrowdSight SDK and performs video and image analysis, which can be used for security and traffic monitoring purposes.
“The APAC region expected to experience extensive growth opportunities in the next few years”
In the rapidly growing economies, such as China and India, the growing demand for enhanced technology implementation, awareness and efforts to standardize the emotion detection and recogniton technology are some of the growth drivers for the market. Additionally, huge population, developing technology hubs, and affluent countries such as South Korea, Japan have further enhanced growth prospects in this region.
Increasing trend of wearable devices, evolution of IoT, along with evolving technologies would encourage tremendous growth opportunities in the next five years. The various key emotion detection and recognition vendors and service providers profiled in the report are as follows:
1. Affectiva
2. Emotient
3. Kairos AR
4. nViso
5. RealEyes
6. SightCorp
7. Noldus Information Technology
8. Sentiance
9. Tobbi
10. IBM Watson Foundation
The report will help the market leaders/new entrants in this market in the following ways –
1. The report segments the emotion detection and recognition market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across different verticals and regions.
2. This report will help them better understand the competitors and gain more insights to better position their businesses. There is a separate section on competitive landscape, including competitor ecosystem, and mergers and acquisitions. Besides, there are company profiles of 10 players offering services in this market. In this section, market internals have been provided that can put them ahead of the competitors. The report also covers 10 key innovators in the market.
3. The report would help understand the pulse of the market. The report provides information on key market drivers, restraints, challenges, and opportunities.

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from Primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of primaries 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1 BOTTOM-UP APPROACH 22
2.2.2 TOP DOWN APPROACH 23
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 24
2.4 RESEARCH ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 30
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE EMOTION DETECTION AND RECOGNITION MARKET 30
4.2 EMOTION DETECTION AND RECOGNITION MARKET: GEOGRAPHIC ANALYSIS 31
4.3 LIFECYCLE ANALYSIS BY REGION, 2015 32
4.4 EMOTION DETECTION AND RECOGNITION MARKET, TOP APPLICATION AREAS VS. END USERS 33
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5 MARKET OVERVIEW 34
5.1 INTRODUCTION 35
5.2 MARKET SEGMENTATION 35
5.2.1 BY TECHNOLOGY 35
5.2.2 BY SOFTWARE TOOL 35
5.2.3 BY SERVICE 36
5.2.4 BY APPLICATION AREA 36
5.2.5 BY END USER 36
5.2.6 BY REGION 37
5.3 MARKET DYNAMICS 37
5.3.1 DRIVERS 38
5.3.1.1 Strong need to understand customer behavior 38
5.3.1.2 Advancements in enabling technologies and robust data repository 38
5.3.1.3 Increasing adoption of wearable technology 38
5.3.1.4 Increasing applications in numerous industry sectors 38
5.3.2 RESTRAINTS 39
5.3.2.1 Absence of governing bodies and set regulations 39
5.3.2.2 Misinterpretation in analysis of emotions 39
5.3.3 OPPORTUNITIES 40
5.3.3.1 Adoption of cloud-based technology 40
5.3.3.2 Growing partnerships and congenial market landscape 40
5.3.4 CHALLENGES 40
5.3.4.1 Power consumption of wearable computing devices 40
5.3.4.2 Impact on businesses not yet fully analyzed 40
5.3.4.3 Technical challenges 41
6 INDUSTRY TRENDS 42
6.1 INTRODUCTION 42
6.2 VALUE CHAIN ANALYSIS 42
6.3 EMERGING TECHNOLOGY AREAS 43
6.3.1 E-LEARNING AND SMART EDUCATION 43
6.3.2 E-THERAPY 43
6.3.3 MARKETING AND ADVERTISING 44
6.3.4 SURVEILLANCE SYSTEMS 44
6.4 ECOSYSTEM 45
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7 EMOTION DETECTION AND RECOGNITION MARKET ANALYSIS,
BY TECHNOLOGY 46
7.1 INTRODUCTION 47
7.2 FEATURE EXTRACTION AND 3D MODELLING 48
7.3 BIOSENSORS TECHNOLOGY 51
7.4 PATTERN RECOGNITION 53
7.5 NATURAL LANGUAGE PROCESSING (NLP) 55
7.6 MACHINE LEARNING 57
7.7 OTHER TECHNOLOGIES 59
8 EMOTION DETECTION AND RECOGNITION MARKET ANALYSIS,
BY SOFTWARE TOOL 61
8.1 INTRODUCTION 62
8.2 FACIAL EXPRESSION RECOGNITION 63
8.3 BIOSENSING SOFTWARE TOOLS AND APPS 65
8.4 SPEECH AND VOICE RECOGNITION 67
9 EMOTION DETECTION AND RECOGNITION MARKET ANALYSIS, BY SERVICE 69
9.1 INTRODUCTION 70
9.2 STORAGE AND MAINTENANCE 71
9.3 CONSULTING AND INTEGRATION 72
10 EMOTION DETECTION AND RECOGNITION MARKET ANALYSIS,
BY APPLICATION AREA 75
10.1 INTRODUCTION 76
10.2 MEDICAL EMERGENCY AND HEALTHCARE 77
10.3 MARKETING AND ADVERTISEMENT 78
10.4 LAW ENFORCEMENT, SURVEILLANCE, AND MONITORING 78
10.5 ENTERTAINMENT AND CONSUMER ELECTRONICS 79
10.6 OTHERS 80
11 EMOTION DETECTION AND RECOGNITION MARKET ANALYSIS, BY END USER 81
11.1 INTRODUCTION 82
11.2 ENTERPRISES 83
11.3 DEFENSE AND SECURITY AGENCY 83
11.4 COMMERCIAL 84
11.5 INDUSTRIAL 85
11.6 OTHERS 86
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12 GEOGRAPHIC ANALYSIS 87
12.1 INTRODUCTION 88
12.2 NORTH AMERICA 91
12.3 EUROPE 95
12.4 ASIA-PACIFIC (APAC) 98
12.5 MIDDLE EAST 101
12.6 REST OF THE WORLD (ROW) 103
13 COMPETITIVE LANDSCAPE 106
13.1 OVERVIEW 106
14 KEY INNOVATORS 109
14.1 AFFECTIVA 109
14.2 BEYOND VERBAL COMMUNICATION LTD. 109
14.3 EMOTIENT 110
14.4 EMOSPEECH 110
14.5 EYERIS 111
14.6 KAIROS AR, INC. 111
14.7 NOLDUS: 112
14.8 NVISO 113
14.9 REALEYES 113
14.10 SENTIANCE 114
14.11 SIGHTCORP 114
14.12 TOBII 115
15 APPENDIX 116
15.1 INSIGHTS FROM INDUSTRY EXPERTS 116
15.2 DISCUSSION GUIDE 117
15.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 124
15.4 AVAILABLE CUSTOMIZATIONS 125
15.5 RELATED REPORTS 126