Emotion Recognition and Sentiment Analysis Software Market Overview
Emotion detection and recognition is a technology that reads human facial emotions by using advanced image processing. This software is helpful for security purposes. Emotion recognition and sentiment analysis technologies can capture an extensive range of body languages that remain unobserved even by humans themselves.
The global Emotion Recognition and Sentiment Analysis Software market is expected to grow at a considerable rate in the forecast period. Several noteworthy factors such as increasing availability of cognitive services, rising focus on improvement in the country’s competitive intelligence, expanding surveillance sector, and increasing number of applications of the software in various industry verticals are contributing more to the development of emotion recognition and sentiment analysis software market. Furthermore, other factors such as the rising trend of using wearable and Internet of things (IoT) technology are also propelling the growth of this market.
On the downside, high functional requirements and application costs related to the deployment of the technology are some key challenges that the market is estimated to face in the forthcoming years. Besides this, increasing development of the emotion detection technology and growing adoption among end-users create enormous opportunities for vendors operating in the emotion recognition and sentiment analysis software market.
Covid-19 Impact on Emotion Recognition and Sentiment Analysis Software Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Emotion Recognition and Sentiment Analysis Software Market Segment Overview
Primarily, emotion recognition and sentiment analysis systems were deployed by surveillance departments and law enforcement agencies to detect polygraph and lie tests. In addition, the range of usage of these technologies has been increasing in various industry verticals such as gaming, research, retail, health care, marketing, and media & entertainment. Consequently, the need for sophisticated and advanced technologies to standardize emotion detection is growing worldwide.
Moreover, companies have been working on combining refined algorithms with promising image processing techniques that have been developed in recent times. This approach would help enterprises understand more about how a specific video or an image of a person's face provides insights about his/her thoughts and emotions. It is expected that this fact further supports the market’s enhancement in the coming years.
Emotion Recognition and Sentiment Analysis Software Market, By Component
· Commercial
· Industrial
· Government
· Others
Emotion Recognition and Sentiment Analysis Software Market, By Industry Vertical
· Health Care
· Transport & Logistics
· Government & Defense
· Gaming
· Retail
· Media & Entertainment
· Others
Emotion Recognition and Sentiment Analysis Software Market, By Enterprise Size
· Small- and Medium-Sized Enterprises (SMEs)
· Large-Sized Enterprises
Emotion Recognition and Sentiment Analysis Software Market Regional Overview
In terms of region, North America and Europe are the prominent regions for the global Emotion Recognition and Sentiment Analysis Software market. The market in these regions is mainly driven by the presence of a large number of vendors of emotion recognition and sentiment analysis software. Additionally, the growth of the market in North America is due to the growth of the market in the U.S. and Canada, as companies in these countries are investing highly in improving their research and development (R&D) activities to come up with differential offerings. Similarly, the market in the Asia Pacific is anticipated to expand at a rapid pace during the forecast period. This is due to the growing adoption of mobile- and web-based applications in this region. In addition, Asia Pacific is also anticipated to offer profitable growth opportunities to key players operating in the global emotion recognition and sentiment analysis software market in coming years, owing to substantial growth in industrialization in this region.
Emotion Recognition and Sentiment Analysis Software Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Emotion Recognition and Sentiment Analysis Software Market, Key Players
· Affectiva, Inc.
· Apple, Inc.
· Realeyes, Inc.
· nViso S.A.
· Sightcorp
· Sentiance
· Tobii AB.
· Kairos AR, Inc.
· Noldus Information Technology
Emotion detection and recognition is a technology that reads human facial emotions by using advanced image processing. This software is helpful for security purposes. Emotion recognition and sentiment analysis technologies can capture an extensive range of body languages that remain unobserved even by humans themselves.
The global Emotion Recognition and Sentiment Analysis Software market is expected to grow at a considerable rate in the forecast period. Several noteworthy factors such as increasing availability of cognitive services, rising focus on improvement in the country’s competitive intelligence, expanding surveillance sector, and increasing number of applications of the software in various industry verticals are contributing more to the development of emotion recognition and sentiment analysis software market. Furthermore, other factors such as the rising trend of using wearable and Internet of things (IoT) technology are also propelling the growth of this market.
On the downside, high functional requirements and application costs related to the deployment of the technology are some key challenges that the market is estimated to face in the forthcoming years. Besides this, increasing development of the emotion detection technology and growing adoption among end-users create enormous opportunities for vendors operating in the emotion recognition and sentiment analysis software market.
Covid-19 Impact on Emotion Recognition and Sentiment Analysis Software Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Emotion Recognition and Sentiment Analysis Software Market Segment Overview
Primarily, emotion recognition and sentiment analysis systems were deployed by surveillance departments and law enforcement agencies to detect polygraph and lie tests. In addition, the range of usage of these technologies has been increasing in various industry verticals such as gaming, research, retail, health care, marketing, and media & entertainment. Consequently, the need for sophisticated and advanced technologies to standardize emotion detection is growing worldwide.
Moreover, companies have been working on combining refined algorithms with promising image processing techniques that have been developed in recent times. This approach would help enterprises understand more about how a specific video or an image of a person's face provides insights about his/her thoughts and emotions. It is expected that this fact further supports the market’s enhancement in the coming years.
Emotion Recognition and Sentiment Analysis Software Market, By Component
- Software
- cloud software
- on-premise software
- services
- Managed Or Outsourced Services
- Professional Services
- Consulting
- Integration & Implementation
- Maintenance & Operations
· Commercial
· Industrial
· Government
· Others
Emotion Recognition and Sentiment Analysis Software Market, By Industry Vertical
· Health Care
· Transport & Logistics
· Government & Defense
· Gaming
· Retail
· Media & Entertainment
· Others
Emotion Recognition and Sentiment Analysis Software Market, By Enterprise Size
· Small- and Medium-Sized Enterprises (SMEs)
· Large-Sized Enterprises
Emotion Recognition and Sentiment Analysis Software Market Regional Overview
In terms of region, North America and Europe are the prominent regions for the global Emotion Recognition and Sentiment Analysis Software market. The market in these regions is mainly driven by the presence of a large number of vendors of emotion recognition and sentiment analysis software. Additionally, the growth of the market in North America is due to the growth of the market in the U.S. and Canada, as companies in these countries are investing highly in improving their research and development (R&D) activities to come up with differential offerings. Similarly, the market in the Asia Pacific is anticipated to expand at a rapid pace during the forecast period. This is due to the growing adoption of mobile- and web-based applications in this region. In addition, Asia Pacific is also anticipated to offer profitable growth opportunities to key players operating in the global emotion recognition and sentiment analysis software market in coming years, owing to substantial growth in industrialization in this region.
Emotion Recognition and Sentiment Analysis Software Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Emotion Recognition and Sentiment Analysis Software Market, Key Players
· Affectiva, Inc.
· Apple, Inc.
· Realeyes, Inc.
· nViso S.A.
· Sightcorp
· Sentiance
· Tobii AB.
· Kairos AR, Inc.
· Noldus Information Technology
Emotion Recognition and Sentiment Analysis Software Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Emotion Recognition and Sentiment Analysis Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Component
- 5.2.1. Software
- 5.2.1.1. cloud software
- 5.2.1.2. on-premise software
- 5.2.2. services
- 5.2.2.1. Managed Or Outsourced Services
- 5.2.2.2. Professional Services
- 5.2.2.2.1. Consulting
- 5.2.2.2.2. Integration & Implementation
- 5.2.2.2.3. Maintenance & Operations
- 5.3. Market Analysis, Insights and Forecast – By End-User
- 5.3.1. Commercial
- 5.3.2. Industrial
- 5.3.3. Government
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 5.4.1. Health Care
- 5.4.2. Transport & Logistics
- 5.4.3. Government & Defense
- 5.4.4. Gaming
- 5.4.5. Retail
- 5.4.6. Media & Entertainment
- 5.4.7. Others
- 5.5. Market Analysis, Insights and Forecast – By Enterprise Size
- 5.5.1. Small- and Medium-Sized Enterprises (SMEs)
- 5.5.2. Large-Sized Enterprises
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Emotion Recognition and Sentiment Analysis Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Software
- 6.2.1.1. cloud software
- 6.2.1.2. on-premise software
- 6.2.2. services
- 6.2.2.1. Managed Or Outsourced Services
- 6.2.2.2. Professional Services
- 6.2.2.2.1. Consulting
- 6.2.2.2.2. Integration & Implementation
- 6.2.2.2.3. Maintenance & Operations
- 6.3. Market Analysis, Insights and Forecast – By End-User
- 6.3.1. Commercial
- 6.3.2. Industrial
- 6.3.3. Government
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 6.4.1. Health Care
- 6.4.2. Transport & Logistics
- 6.4.3. Government & Defense
- 6.4.4. Gaming
- 6.4.5. Retail
- 6.4.6. Media & Entertainment
- 6.4.7. Others
- 6.5. Market Analysis, Insights and Forecast – By Enterprise Size
- 6.5.1. Small- and Medium-Sized Enterprises (SMEs)
- 6.5.2. Large-Sized Enterprises
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Emotion Recognition and Sentiment Analysis Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Software
- 7.2.1.1. cloud software
- 7.2.1.2. on-premise software
- 7.2.2. services
- 7.2.2.1. Managed Or Outsourced Services
- 7.2.2.2. Professional Services
- 7.2.2.2.1. Consulting
- 7.2.2.2.2. Integration & Implementation
- 7.2.2.2.3. Maintenance & Operations
- 7.3. Market Analysis, Insights and Forecast – By End-User
- 7.3.1. Commercial
- 7.3.2. Industrial
- 7.3.3. Government
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 7.4.1. Health Care
- 7.4.2. Transport & Logistics
- 7.4.3. Government & Defense
- 7.4.4. Gaming
- 7.4.5. Retail
- 7.4.6. Media & Entertainment
- 7.4.7. Others
- 7.5. Market Analysis, Insights and Forecast – By Enterprise Size
- 7.5.1. Small- and Medium-Sized Enterprises (SMEs)
- 7.5.2. Large-Sized Enterprises
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Emotion Recognition and Sentiment Analysis Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Software
- 8.2.1.1. cloud software
- 8.2.1.2. on-premise software
- 8.2.2. services
- 8.2.2.1. Managed Or Outsourced Services
- 8.2.2.2. Professional Services
- 8.2.2.2.1. Consulting
- 8.2.2.2.2. Integration & Implementation
- 8.2.2.2.3. Maintenance & Operations
- 8.3. Market Analysis, Insights and Forecast – By End-User
- 8.3.1. Commercial
- 8.3.2. Industrial
- 8.3.3. Government
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 8.4.1. Health Care
- 8.4.2. Transport & Logistics
- 8.4.3. Government & Defense
- 8.4.4. Gaming
- 8.4.5. Retail
- 8.4.6. Media & Entertainment
- 8.4.7. Others
- 8.5. Market Analysis, Insights and Forecast – By Enterprise Size
- 8.5.1. Small- and Medium-Sized Enterprises (SMEs)
- 8.5.2. Large-Sized Enterprises
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Emotion Recognition and Sentiment Analysis Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Software
- 9.2.1.1. cloud software
- 9.2.1.2. on-premise software
- 9.2.2. services
- 9.2.2.1. Managed Or Outsourced Services
- 9.2.2.2. Professional Services
- 9.2.2.2.1. Consulting
- 9.2.2.2.2. Integration & Implementation
- 9.2.2.2.3. Maintenance & Operations
- 9.3. Market Analysis, Insights and Forecast – By End-User
- 9.3.1. Commercial
- 9.3.2. Industrial
- 9.3.3. Government
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Industry Vertical
- 9.4.1. Health Care
- 9.4.2. Transport & Logistics
- 9.4.3. Government & Defense
- 9.4.4. Gaming
- 9.4.5. Retail
- 9.4.6. Media & Entertainment
- 9.4.7. Others
- 9.5. Market Analysis, Insights and Forecast – By Enterprise Size
- 9.5.1. Small- and Medium-Sized Enterprises (SMEs)
- 9.5.2. Large-Sized Enterprises
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Affectiva, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Apple, Inc.
- 10.6. Realeyes, Inc.
- 10.7. nViso S.A.
- 10.8. Sightcorp
- 10.9. Sentiance
- 10.10. Tobii AB.
- 10.11. Kairos AR, Inc.
- 9.2.1. Software
- 8.2.1. Software
- 7.2.1. Software
- 6.2.1. Software
- 5.2.1. Software
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
