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The global affective computing market size is expected to reach USD 284.73 Billion at a steady CAGR of 32.5% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to growing demand for telemedicine and increasing need to remotely assess patient’s health. Remote monitoring of patients is a primary application of telemedicine. Use of affective competing through smart devices such as smart wearables in telemedicine enables a more cost-effective and rapid means of assessing current state and need for medication for a patient at a distance. In addition, telemedicine providers focusing on specialized areas, including telepsychiatry, can particularly gain from affective computing, which enables psychiatrists/psychologists to comprehend feelings and emotional states of their patients even though the patient is physically not present or are unable to describe their emotions to a psychologist.
The Affective Computing market report focuses on the economic developments and consumer spending trends across different countries for the forecast period 2020 to 2028. The research further reveals which countries and regions will have a better standing in the years to come. Apart from this, the study talks about the growth rate, market share as well as the recent developments in the Affective Computing industry worldwide. Besides, the special mention of major market players adds importance to the overall market study.
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Report Objectives
Examine the size of the global Affective Computing market based on the parameters of value and volume.
Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Affective Computing market.
Explore the underlying dynamics of the global Affective Computing market.
Highlight significant trends of the global Affective Computing market based on factors including, production, revenue, and sales.
Extensively profile top players of the global Affective Computing market and showing how they compete in the industry.
Study manufacturing processes and the costs, product pricing, and various trends associated with them.
Analyze the performance of different regions and countries in the global Affective Computing market.
Forecast the market size and share of all segments and regions in the global landscape.
Affective computing market in North America accounted for the largest revenue share in 2020, attributed to high adoption of advanced technologies, high implementation of Artificial Intelligence in end-use industries such as BFSI, e-commerce, healthcare, and information technology. In addition, presence of leading providers of affective computing solution providers in countries in the region are causative of the steady market growth.
Key players in the market include Microsoft Corporation, Affectiva, Google LLC, Elliptic Laboratories A/S, Apple Inc., Cognitec Systems GmbH, Sony Depthsensing Solutions, International Business Machine Corporation, Qualcomm Technologies Inc., and Cipia Vision Ltd.
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Regional scope: North America; Europe; Asia Pacific; Central & South America; MEA
Offering Outlook (Revenue, USD Billion; 2018–2028)
Hardware
Cameras
Sensors
Storage Devices
Others
Software
Speech Recognition
Facial Feature Extraction
Gesture Recognition
Others
Technology Outlook (Revenue, USD Billion; 2018–2028)
Contactless
Contact-based
Industry Vertical Outlook (Revenue, USD Billion; 2018–2028)
Healthcare
Retail
Automotive
Media & Entertainment
BFSI
IT & Telecommunication
Government
Others
Key questions answered in the report
What will be the market size in terms of value and volume in the next five years?
Which segment is currently leading the market?
In which region will the market find its highest growth?
Which players will take the lead in the market?
What are the key drivers and restraints of the market’s growth?
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Important Points Mentioned in the Affective Computing Market Study
Manufacturing Analysis: The report initially analyzes the various segments of the market in a brief manner, which includes product types, applications, and so on. Further, the report consists of a separate section wherein an in-depth analysis of the manufacturing process has been provided which has been verified thorough primary information collected by experts of reputed industries as well as the industry analysts.
Sales and Revenue Estimation: By applying several top-down and bottom-up approaches on the previous years’ sales and revenue data as well as the present market scenario, the analysts have anticipated the market growth and size in major geographies. The report further includes an all-inclusive study on the applications and end-user industries participating in the market. Furthermore, the report provides crucial data on the regulatory policies and guidelines, as well as the macro-economic factors, that determine the evolution of the market along with predictive analysis.
Demand & Supply Assessment: The report further offers key information on the manufacturing and cost analysis, consumption ration, import/export factors, and product and service distribution.
Competitiveness: The report provides crucial data based on the company profile, product portfolio, product and service cost, potential, and sales and revenue generated by the key pioneers and other leading companies.
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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2028
Chapter 3. Key Insights
Chapter 4. Affective Computing Market Segmentation & Impact Analysis
Chapter 5. Affective Computing Market By Usages Insights & Trends, Revenue (USD Billion)
Chapter 6. Affective Computing Market By Design Insights & Trends Revenue (USD Billion)
Chapter 7. Affective Computing Market By Material Insights & Trends Revenue (USD Billion)
Chapter 8. Affective Computing Market By Applications Insights & Trends Revenue (USD Billion)
Chapter 9. Affective Computing Market By Marketing Channels Insights & Trends Revenue (USD Billion)
Chapter 10. Affective Computing Market Regional Outlook
Continued…
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