Global Artificial Intelligence-Emotion Recognition Market
Dublin, April 05, 2023 (GLOBE NEWSWIRE) -- The "Global Artificial Intelligence-Emotion Recognition Market (2023-2028) by Component, Technology, Application, and Geography, Competitive Analysis, Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Artificial Intelligence-Emotion Recognition Market is estimated to be USD 1.36 Bn in 2023 and is expected to reach USD 2.81 Bn by 2028, growing at a CAGR of 15.60%.
Market Dynamics
Drivers
-
Rising Adoption of Biometrics
-
Massive Adoption of Smartphones
Restraints
-
High Cost of Systems and Software
Opportunities
-
Rising Adoption of Voice and Gesture Driven Navigation Systems
-
Significant Expansion of IoT Based Technologies
Challenges
-
Critical Nature of Understanding Emotions
-
Less Adoption in Underdeveloped Countries
Market Segmentations
The Global Artificial Intelligence-Emotion Recognition Market is segmented based on Component, Application, and Geography.
-
By Component, the market is classified into software, solutions and hardware.
-
By Application, the market is classified into Government, Healthcare, Gaming, Marketing and Advertising, and Others.
-
By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Artificial Intelligence-Emotion Recognition Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Artificial Intelligence-Emotion Recognition Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
-
The report offers a comprehensive evaluation of the Global Artificial Intelligence-Emotion Recognition Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
-
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
-
The report includes an in-depth Market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the Report
-
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
-
The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.