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Oct 7, 2020 3:10 AM ET

Affective Computing Market Will Be The Next Big Thing In Emotional Intelligence | Google, Microsoft, IBM, Apple


iCrowd Newswire - Oct 7, 2020

Global Affective Computing Market Size study with COVID-19 Impact, by Component (Software and Hardware), by Technology (Touch-based and Touchless), by Software (Speech Recognition, Gesture Recognition, Facial Feature Extraction, Analytics Software and Enterprise Software), by Hardware (Sensors, Cameras, Storage Devices and Processors and Others), by Vertical (Academia and Research, Media and Entertainment, Government and Defense, Healthcare and Life Sciences, IT and Telecom, Retail and eCommerce, Automotive, BFSI and Others) and Regional Forecasts 2020-2027, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Affective Computing market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Affective Computing market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis

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 Affective Computing Market

Global Affective Computing Market is valued at approximately USD 20.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 37.4 % over the forecast period 2020-2027.

Affective computing develops computational systems that recognize, response, and express emotions, which reduces the distance between human emotions and machines.  The global Affective Computing is being highly demanded due to the coronavirus pandemic as employees are asked to work from home and organizations are temporary shutdown. The governments and regulatory authorities mandate both public and private organizations to embrace new practices for working remotely and maintaining social distancing. So The computer scientists and major players are focusing and putting more efforts on affective computing in order to develop a highly intelligent computing system, which enriches the proactive and intelligent human machine interaction. The growing need for telehealth-related affective computing solutions, rising need for socially intelligent artificial agents, increasing adoption of wearable devices and growing internet penetration across industry verticals, technological advancements across the globe and growing need for high operational excellence, increased resource utilization, and enhanced productivity encourages the growth of Affective Computing Market. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market.  For instance: on 18th June 2019, Microsoft launched four free “Eyes First” games for people with speech and mobility disabilities. These game has Windows 10 eye tracking APIs and can be used with or without Windows 10 Eye Control and can play games, such as tile slide, match two, double up, and maze using the eye gaze input. However, high production cost of affective computing systems and gap between academic research and real-life applications the growth of global Affective Computing market during the forecast period.

The regional analysis of global Affective Computing Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the growing adoption advanced technologies has lead the growth of the market. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Key Segments Studied in the Global Affective Computing Market

Professional Key players: 

Google

Microsoft

IBM

Apple

Qualcomm

Affectiva

Elliptic Labs

Eyesight Technologies

Sony Depthsensing Solutions

Intel

Market Segmentation:
Global Affective Computing Market Size study with COVID-19 Impact,

by Component (Software and Hardware),

by Technology (Touch-based and Touchless),

by Software (Speech Recognition, Gesture Recognition, Facial Feature Extraction, Analytics Software and Enterprise Software),

by Hardware (Sensors, Cameras, Storage Devices and Processors and Others),

by Vertical (Academia and Research, Media and Entertainment, Government and Defense, Healthcare and Life Sciences, IT and Telecom, Retail and eCommerce, Automotive, BFSI and Others)

and Regional Forecasts 2020-2027

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects:
The research includes the key strategic activities such as R&D plans, M&A completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale.

Key Market Features in COVID-19 Outbreak:

The report highlights market features, including revenue, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, supply & demand, cost bench-marking, market share, CAGR, and gross margin.

Market Highlights & Approach
The report provides the rigorously studied and evaluated data of the top industry players and their scope in the market by means of several analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, SWOT analysis, and ROI analysis have been practiced reviewing the growth of the key players operating in the market.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis 

Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster speed and why?

Q.3 Which regions will grow at a faster speed and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats of market?

Q.6 What are emerging trends in market and the reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this market?

Q.11 What M & A activities have taken place in the last five years in this market?

The Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Affective Computing Market Report:

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Affective Computing Market, by Region, 2018-2027 (USD Billion)
1.2.2. Affective Computing Market, by Component, 2018-2027 (USD Billion)
1.2.3. Affective Computing Market, by Technology, 2018-2027 (USD Billion)
1.2.4. Affective Computing Market, by Software, 2018-2027 (USD Billion)
1.2.5. Affective Computing Market, by Hardware, 2018-2027 (USD Billion)
1.2.6. Affective Computing Market, by vertical, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Affective Computing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Affective Computing Market Dynamics
3.1. Affective Computing Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Affective Computing Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Affective Computing Market, by Component
5.1. Market Snapshot
5.2. Global Affective Computing Market by Component, Performance – Potential Analysis
5.3. Global Affective Computing Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. Affective Computing Market, Sub Segment Analysis
5.4.1. Software
5.4.2. Hardware
Chapter 6. Global Affective Computing Market, by Technology
6.1. Market Snapshot
6.2. Global Affective Computing Market by Technology, Performance – Potential Analysis
6.3. Global Affective Computing Market Estimates & Forecasts by Technology 2017-2027 (USD Billion)
6.4. Affective Computing Market, Sub Segment Analysis
6.4.1. Touch-based
6.4.2. Touchless
Chapter 7. Global Affective Computing Market, by Software
7.1. Market Snapshot
7.2. Global Affective Computing Market by Software, Performance – Potential Analysis
7.3. Global Affective Computing Market Estimates & Forecasts by Software 2017-2027 (USD Billion)
7.4. Affective Computing Market, Sub Segment Analysis
7.4.1. Speech Recognition
7.4.2. Gesture Recognition
7.4.3. Facial Feature Extraction
7.4.4. Analytics Software
7.4.5. Enterprise Software
Chapter 8. Global Affective Computing Market, by Hardware
8.1. Market Snapshot
8.2. Global Affective Computing Market by Hardware, Performance – Potential Analysis
8.3. Global Affective Computing Market Estimates & Forecasts by Hardware 2017-2027 (USD Billion)
8.4. Affective Computing Market, Sub Segment Analysis
8.4.1. Sensors
8.4.2. Cameras
8.4.3. Storage Devices and Processors
8.4.4. Others
Chapter 9. Global Affective Computing Market, by vertical
9.1. Market Snapshot
9.2. Global Affective Computing Market by vertical, Performance – Potential Analysis
9.3. Global Affective Computing Market Estimates & Forecasts by vertical 2017-2027 (USD Billion)
9.4. Affective Computing Market, Sub Segment Analysis
9.4.1. Academia and Research
9.4.2. Media and Entertainment
9.4.3. Government and Defense
9.4.4. Healthcare and Life Sciences
9.4.5. IT and Telecom
9.4.6. Retail and eCommerce
9.4.7. Automotive
9.4.8. BFSI
9.4.9. Others

……..and view more in complete table of Contents

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