CHICAGO, March 29, 2021 /PRNewswire/ — According to a new market research report “Emotion Detection and Recognition Market by Component (Solutions [Facial Expression Recognition, Speech & Voice Recognition], Services), Technology, Application Area, End User, Vertical, Region – Global Forecast to 2026“, published by MarketsandMarkets™, in the post COVID-19 scenario, the global Emotion Detection and Recognition Market size is projected to grow from USD 19.5 billion in 2020 to USD 37.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period.
The major factors driving the market growth include the rising need for accretion of speech-based emotion detection systems to analyze emotional states, Adoption of IoT, AI, ML, and deep learning technologies across the globe, growing demand in the Automotive AI industry, growing need for high operational excellence, and rising need for socially intelligent artificial agents.
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369 – Tables
42 – Figures
344 – Pages
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