Affective Computing Market to Grow at CAGR 27% till 2022
Growing adoption of
affective computing technology in sectors such as market research, healthcare,
media & advertising, automotive, e-learning, gaming, etc., to drive global affective
computing market through 2022
According
to TechSci Research report, “Global
Affective Computing Market By
Technology, By Solution, By End User, Competition Forecast & Opportunities,
2012 – 2022”, global affective computing market is projected to
grow at a CAGR of 27.47%, in value terms, during 2017-2022. Growing use of smart
wearable devices and increasing deployment of affective computing
solutions by most of the Fortune 500 companies for studying and analyzing their
target audience coupled with rising number of start-ups is expected to drive
global affective computing market during forecast period. Moreover, increasing
role of social robots, which are integrated with affective computing solutions,
in healthcare and other industries is anticipated to boost demand for affective
computing, globally, through 2022.
Browse 97
Tables and 80 Figures spread through 235 Pages and an
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On the basis of solutions, the global affective
computing market has been segmented into facial expression recognition,
physiological recognition, speech recognition, and gesture recognition. In
2016, facial expression recognition solutions dominated the market, on account
of their ability to map the user expressions and analyze them in real time. However,
over the coming years, physiological recognition solutions are expected to
emerge as the fastest growing type of affective computing solutions, owing to
increase in the number of smart wearable users coupled with the use of these
solutions in the healthcare and entertainment industries.
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“Affective computing is the strongest tool for
studying consumer behavior and predicting consumer needs. It helps to understand,
map and analyze consumers’ behavior to find out their true feelings about the
product/service and consequently, it becomes easier to predict what the
consumer wants. Not in just market research, affective computing has
applications in healthcare, media & advertising, online education, etc., thereby
creating huge growth opportunities for global affective computing market,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Affective Computing Market By Technology, By
Solution, By End User, Competition Forecast & Opportunities, 2012 – 2022” has
evaluated the future growth potential of global affective computing market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers to take sound investment evaluation. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global affective computing market.
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