Emotion Analytics Market Set for Rapid Growth, Projected to Reach $7.46 Billion by 2028

LONDON, GREATER LONDON, UK, June 24, 2024 /EINPresswire.com/ -- The emotion analytics market, driven by advancements in AI and ML technologies, is poised for significant growth. Starting at $3.58 billion in 2023, the market is expected to reach $7.46 billion by 2028, growing at a CAGR of 15.8%. It will grow to $7.46 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%. This growth is fueled by increasing integration with IoT devices, expanding applications in human-robot interaction, and broader adoption across industries such as human resources and edge computing.

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Major Players and Market Trends
Key players like Apple Inc., Google LLC, and Microsoft Corporation are leveraging emotion AI to enhance customer interactions and develop innovative technologies. For instance, Affectiva introduced a cloud-based Emotion AI with an attention metric, using Smart Eye’s eye tracking technology for precise viewer attention analysis.

Segments of the Emotion Analytics Market
• Type: Text Analytics, Facial Analytics, Speech Analytics, Video Analytics
• Deployment Mode: On-premise, Cloud
• Enterprise Size: Large Enterprise, SMEs
• Application: Customer Experience Management, Sales and Marketing Management, Competitive Intelligence, Public Safety and Law Enforcement, Workforce Management
• End User: Retail, IT and Telecom, BFSI, Government, Defense and Security, Others

Regional Insights: North America Leads, Asia-Pacific Shows Fastest Growth
North America dominated the emotion analytics market in 2023, driven by technological advancements and early adoption. Meanwhile, Asia-Pacific is expected to exhibit the highest growth rate during the forecast period, supported by increasing digitalization and adoption of AI technologies.

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Emotion Analytics Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Emotion Analytics Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on emotion analytics market size, emotion analytics market drivers and trends, emotion analytics market major players, competitors' revenues, market positioning, and market growth across geographies. The emotion analytics market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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