Global Affective Computing Market By Technology (Touch-Based, Touchless), Software (Speech Recognition, Gesture Recognition, Facial Feature Extraction, Analytics Software, Enterprise Software, Others), Hardware (Sensors, Cameras, Storage Devices and Processors, Others), Vertical (Academia and Research, Media and Entertainment, Government and Defense, Healthcare and Life Sciences, IT and Telecom, Retail and E-Commerce, Automotive, Banking, Financial Services, and Insurance, Other Verticals)

Market Drivers:

Surging preference of wearable devices, is driving the market growth
Continuous technological advancement, is flourishing the market growth
Surging use of internet in various industries, is helping the market to grow
Increasing use of automation in industries, drives the market growth



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Market Restraints:

Lack of regulations and governing bodies, hinders the market growth
Huge production cost of affective computing systems, hampers the market growth



Market Analysis: Global Affective Computing Market

Global affective computing market is set to witness a healthy CAGR of 43.50% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market value can be attributed due to surging preference of wearable devices and continuous technological advancement.



Market Definition: Global Affective Computing Market

Affective computing manages by creating computational systems that acknowledge and communicate feelings to decrease the distance between human feelings and machines. Computer scientists and significant market players are interested in putting more effort into affective computing to create an extremely smart computing system that enhances the proactive and smart interaction between human and machines.

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Segmentation: Global Affective Computing Market

By Technology

Touch-Based
Touchless

By Software

Speech Recognition
Gesture Recognition
Facial Feature Extraction
Analytics Software
Enterprise Software
Others

By Hardware

Sensors
Cameras
Storage Devices
Processors
Others

By Vertical

Academia and Research
Class Monitoring and Student Engagement
Media and Entertainment
Video Analytics
Gaming
Government and Defense
Law Enforcement Agencies
Healthcare and Life Sciences
Telemedicine, Tele Psychiatry, and Doctor on Demand
Autism Spectrum Conditions (ASC)
IT and Telecom
Software Development Kits (SDK)
Retail and E-Commerce
Product Surveying
Customer Engagement
User Experience Review
Automotive
Infotainment Systems and Console Maneuvering
Passive Wireless Heart-Rate Sensor
Driver Awareness
Banking, Financial Services, and Insurance
Human and System Interaction
Offering Evidence-Based Decision-Making Options
Other Verticals

Key Developments in the Market:

In June 2019, Biometric Signature ID (BSI) had launched BioTect-ID, an identity verification solution which can authenticate by capturing the gestures when the users draw a 4-character password with their mouse, finger and stylus. It provides an additional security feature by locking down Windows workstations and devices. This launch had become a game changer in authentication space.

In March 2019, Google had launched Bolo which is speech recognition app which helps the kids in learning and reading. It will be improving the vocabulary and comprehension skills both in English and Hindi. The app listens to the voice and then accordingly reviews. The launch had helped the kids in the learning and education.

Competitive Analysis

Global affective computing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of affective computing market for global, Europe, North America, Asia-Pacific, Middle East & Africa and South America.

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