Emotion Analytics Market size was valued at USD 2.99 Bn. in 2023 and the total Emotion Analytics revenue is expected to grow by 16.7 % from 2024 to 2030, reaching nearly USD 8.81 Bn.
Emotion Analytics Market Overview:
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Emotion Analytics Market Scope:
Speech, face, text, and video analytics are the four categories into which the emotions analytics market is divided. Over the course of the forecast period, the voice analytics market is anticipated to expand at a rapid pace due to the rising demand and usage of voice-activated smart home devices and assistants, such as Google Nest and Amazon Echo. An increasing number of people are using their voices to search the internet thanks to smartphones and smart home devices. The primary factors anticipated to propel the speech analytics market in 2023 are the increasing importance of speech analytics in contact centers and the rising number of businesses implementing speech analytics in the retail sector.
Technological segments including pattern recognition, 3D modeling, biometrics and neuroscience, artificial intelligence, record management, and others make up the emotion analytics market. As new technologies like artificial intelligence (AI) are increasingly being used for emotion analytics and other purposes, the AI category is predicted to have the biggest market share by 2030. AI technology is used to research human emotions, giving businesses insights into their customers and helping them expand. This promotes the artificial intelligence market’s expansion.
There are two segments in the emotion analytics market: on-premise and on-cloud. By 2030, the on-cloud segment is anticipated to hold a sizable market share due to the growing use of cloud-based technologies for emotion analytics. Applications for artificial intelligence (AI), facial recognition, and other cloud-based tools and software include customer preference analysis, emotional recognition, and more. These are the main forces propelling the on-cloud industry’s expansion.
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Emotion Analytics Market Key Players:
Secondary research is used to identify market Emotion Analyticsers, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the Emotion Analyticsing manufacturers’ annual and financial reports, whilst primary research included thorough interviews with key opinion Emotion Analyticsers and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using primary sources.
The biggest players in the Emotion Analytics market are as follows:
1. Affectiva Inc (US)
2. Lexalytics (US)
3. Lionbridge (US)
4. Emotient, Inc. (US)
5. Eyeris(EmoVu) (US)
6. IBM Corp. (US)
7. Kairos AR Inc (US)
8. Microsoft Corp (US)
9. Neuromore Inc (US)
10. SAS Institute Inc (US)
11. Google (US)
12. Cogito (US)
13. Retainad Virtual Reality Inc (US)
14. Repustate (Canada)
Emotion Analytics Market Key Players for Europe
1. Realeyes (UK)
2. TextRazor Ltd. (UK)
3. Adoreboard (UK)
4. Tobii (Sweden)
5. Sentiance (Belgium)
6. Aylien (Ireland)
7. SAP AG (Germany)
8. iMotions A/S (Denmark)
9. nViso SA (Switzerland)
10. Noldus Information Technology (Netherlands)
Emotion Analytics Market Key Players for the Middle East and Africa
1. Beyond Verbal (Israel)
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Emotion Analytics Market Regional Analysis:
Individual market influencing components and changes in market legislation that affect current and future market trends are also covered in the Emotion Analytics market study’s regional overview. Current and future trends are investigated in order to analyze the overall market potential and find profitable patterns in order to get a more firm footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on Emotion Analytics Market:
End-user industries where Emotion Analytics are utilized saw a decline in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, as well as Spain, France, and India, due to a pause in operations. This resulted in a significant drop in the revenues of enterprises in these industries, as well as in demand for Emotion Analytics manufacturers, affecting the Emotion Analytics market’s growth in 2020. End-user business demand for Emotion Analytics has plummeted as a result of lockdowns and an increase in COVID-19 events throughout the world.
Key Questions Answered in the Emotion Analytics Market Report are:
- In 2021, which segment accounted for the most share of the Emotion Analytics market?
- What is the competitive landscape of the Emotion Analytics market?
- What are the key factors influencing Emotion Analytics market growth?
- In the Emotion Analytics market, which region has the most market share?
- What will be the CAGR of the Emotion Analytics market during the forecast period (2022-2027)?
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