Market Overview

Global Emotion Recognition and Sentiment Analysis Software Market 2018-2022| 60% CAGR Projection Over the Next Four Years| Technavio

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The global emotion recognition and sentiment analysis software market is
expected to post a CAGR of over 60% during the period 2018-2022,
according to the latest market research report by Technavio.

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Technavio has published a new market research report on the global emotion recognition and sentiment ...

Technavio has published a new market research report on the global emotion recognition and sentiment analysis software market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the growth of IoT. With
the internet of things, one device can directly pass information to
another device without any human intervention. For instance, Amazon's
Alexa, if operated with a smart camera, can recognize and identify a
person's face. If Alexa is connected to a smart camera, it can name the
person standing in front of the camera based on past records and facial
recognition. The technology can prevent strangers from gaining access to
the houses. Therefore, the growth of such IoT applications will drive
the growth of emotion recognition software.

This market research report on the ‘Global
Emotion Recognition and Sentiment Analysis Software Market 2018-2022'

also provides an analysis of the most important trends expected to
impact the market outlook during the forecast period. Technavio
classifies an emerging trend as a major factor that has the potential to
significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

In this report, Technavio highlights the use in health monitoring as one
of the key emerging trends in the global emotion recognition and
sentiment analysis software market:

Global emotion recognition and sentiment
analysis software market: increasing use in health monitoring

Emotion recognition and sentiment analysis software can work effectively
in the healthcare sector. Using this software, healthcare service
providers can avoid errors when treating or diagnosing a patient.
Doctors use the software to diagnose patients from their behavioral
attributes. With recent developments in healthcare, there are
emotion-sensing detectors that can detect illness and enable doctors to
save time and consequently, the life of patients. The software can be
integrated with wearables for patient monitoring by doctors and
caretakers 24/7 as well as in selecting the correct line of treatment
and in communicating with patients.

"Wearable devices have been developed that can track information and
track the vital statistics of individuals. Emotion recognition wearables
can also help visually impaired and autistic individuals understand the
emotions of people they interact with. Such increasing functionalities
of emotion recognition wearable will boost the growth of the global
market,"
says a senior analyst at Technavio for research on media
and entertainment services.

Global emotion recognition and sentiment
analysis software market: Segmentation analysis

This market research report segments the global emotion recognition and
sentiment analysis software market by application (customer
service/experience, product/market research, patient diagnosis, others)
and geographical regions (APAC, EMEA, and the Americas).

In 2017, the customer service/experience segment dominated the global
emotion recognition and sentiment analysis software market and accounted
for a 44% share followed by the product/market research segment and the
patient diagnosis and others segments respectively. The others segment
includes automotive, education, gaming, and monitoring and law
enforcement, which have limited use for such software. The two leading
segments are expected to witness a significant increase in their market
share over the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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