GLOBAL AFFECTIVE COMPUTING MARKET FORECAST 2018-2026

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The Global Affective Computing Market is estimated to grow at 28.46% CAGR during the years 2018-2026. The base year considered for the study is 2017 and the forecast period is between 2018 and 2026. Major drivers responsible for the market growth are: Growing demand for wearable devices. Increased focus of R&D institutions on software technologies

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GLOBAL AFFECTIVE COMPUTING MARKET FORECAST 2018-2026

Affective Computing Market by Software (Speech Recognition, Gesture Recognition, Facial Expression Recognition, Neural Analytics, Enterprise)  by Hardware  by Industrial Sector  by Application by Technology & by Geography

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The Global Affective Computing Market is estimated to grow at 28.46% CAGR during the years 2018-2026. The base year considered for the study is 2017 and the forecast period is between 2018 and 2026. Major drivers responsible for the market growth are:

• Growing demand for wearable devices
• Increased focus of R&D institutions on software technologies
• Increased usage of computing technologies in various sectors
• Various applications for technology-oriented customers

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However, the market is primarily driven by the increased focus of R&D institutions on software technologies. The major focus of R&D is on developing software technologies that can effectively recognize the gestures and expressions to avoid misinterpretations. In body gesture and facial expression technology, research and developments are continuously taking place by some of the market players such as- Sony Depth-sensing Solutions, Intel, CogniTech and more. The volume of research and development activity is rapidly growing in body gesture and facial expression recognition technology and its application. Body gesture and facial recognition technology is a great achievement in the market of affective computing.

The Global Affective Computing Market was dominated by the dialog/automatic call center, which accounted for a market share of XX% in 2017. It was followed by robotics and security sector. However, in the future, the robotics sector is likely to become dominant. Robotic systems are capable of processing affective information and exhibits higher flexibility while one works in complex or uncertain environments. Various developmentally-based robots inherently adapt to the social context in order to learn to respond to the human interaction. Neurology sector emerged as the fastest growing industry in the market of affective computing with a CAGR of XX% during the forecast period.

Though the market has several growth drivers, it is still curtailed by certain challenges. Factors such as security-related issues & misuse of data and the complexity of technology hinder the growth of this market. The security-related issues & misuse of data is a major challenge for the global affective computing market. Data could be misused by the affective computing technology. For example, emotion recognition enables an interactive system to track a student’s emotional state, and in consequence, it might adapt in accordance with his or her needs. On the other hand, this emotion recognition can infringe the student’s privacy in situations where he/she is especially vulnerable. The system might use the emotional data to manipulate her; superiors could access delicate information on emotional stability and stress tolerance, or any other breaches.

Research scope of affective computing market covers segmentation analysis of hardware & software, industrial sector, application and by technology.

Component type of affective computing market includes:

• Software
• Hardware

Software segment of affective computing market includes:

• Speech Recognition
• Gesture Recognition
• Facial Expression Recognition
• Neural Analytics
• Enterprise Software
• Others

Hardware segment of affective computing market includes:

• Sensors
• Camera
• Storage

Industrial sector segment of affective computing market includes:

• Security
• Medical
• Neurology
• Psychiatry
• Dialog/Automatic Call Center
• Robotics
• Others

Technology segment of affective computing market includes:

• Emotional Speech
• Body volume pulse
• Visual Aesthetics
• Galvanic skin response
• Facial affect detection
• Facial electromyography
• Body gestures

Application segment of affective computing market includes:

• Hands-free computing
• Social interfaces
• Virtual sales assistant
• Distance education
• Internet banking

Geographically, the global affective computing market is segmented into:

• North America Affective Computing Market (U.S, Canada, Mexico)
• Europe Affective Computing Market (Germany, UK, France, Rest of Europe)
• Asia Pacific Affective Computing Market (China, Japan, South Korea, Rest of APAC)
• Rest of World (Latin America, Middle East & Africa)

Asia Pacific accounts for the largest share in the global affective computing market. It is driven by countries such as China, Japan and South Korea. The demand for affective computing is expected to increase in coming years in the Asia Pacific region due to an increase in the adoption of wearable devices and the growth of the internet.  On the other hand, Europe has emerged as the fastest growing region in the global market. The European market is driven by growth in countries such as Germany, UK and France. The continuous advancements in the field of cognitive science and computer science are creating newer growth plans for the affective computing market in the European region. Further, in the European region, there is an increasing trend to recognize the customer behaviour in order to derive greater business insights. This is considerably increasing the affective computing market demand.

In the affective computing market, some key players have already consolidated their positions in the market. These include:

• Microsoft
• Apple
• Intel
• IBM
• Google

To gain a competitive edge over other players, they continuously look for new product development and packaging innovations, along with several other business strategies like merger and acquisitions, strategic alliance, business expansions, and horizontal and vertical integrations. These major players also have to face a strong competition from the domestic or local companies. For instance, in May 2018, IBM announced to acquire Armanta Inc., a provider of aggregation and analytics software to financial services firms. In June 2018, Microsoft announced that it acquired Bonsai, a small Berkley based artificial intelligence start-up. The company specializes in reinforcement learning, a kind of trial and error approach to teaching a system within the confines of a simulation.

Key Findings of the Global Affective Computing Market:

• Rise in demand for sensors
• Swelling depression driving growth in neurology sector
• Asia Pacific leads the affective computing market revenue
• Mexico emerges as the fastest growing nation in the affective computing market

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1. RESEARCH SCOPE
   • STUDY GOALS
   • SCOPE OF THE MARKET STUDY
   • WHO WILL FIND THIS REPORT USEFUL?
   • STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
   • SOURCES OF DATA
     • SECONDARY DATA
     • PRIMARY DATA
   • TOP DOWN APPROACH
   • BOTTOM-UP APPROACH
   • DATA TRIANGULATION
3. EXECUTIVE SUMMARY
   • MARKET SUMMARY
   • KEY FINDINGS
     • RISE IN DEMAND FOR SENSORS
     • SWELLING DEPRESSION DRIVING GROWTH IN NEUROLOGY SECTOR
     • ASIA PACIFIC LEADS THE AFFECTIVE COMPUTING MARKET BY REVENUE
     • MEXICO EMERGES AS THE FASTEST GROWING NATION IN THE AFFECTIVE COMPUTING MARKET
     • GROWTH IN ROBOTICS AND AUTOMATIC CALL CENTERS LEADING THE MARKET

4. MARKET DETERMINANTS
   • MARKET DEFINITION
   • MARKET DRIVERS
     • GROWING DEMAND FOR WEARABLE DEVICES
     • INCREASED FOCUS OF R&D INSTITUTIONS ON SOFTWARE TECHNOLOGIES
     • INCREASED USAGE OF COMPUTING TECHNOLOGIES IN VARIOUS SECTORS
     • VARIOUS APPLICATIONS FOR TECHNOLOGY ORIENTED CUSTOMERS
   • MARKET RESTRAINTS
     • SECURITY-RELATED ISSUES AND MISUSE OF DATA
     • COMPLEXITY OF TECHNOLOGY
     • PRIVACY APPREHENSIONS
   • MARKET OPPORTUNITIES
     • MULTIMODAL RECOGNITION AND DETECTION
     • COLLABORATION AMONG DIFFERENT RESEARCHERS
   • MARKET CHALLENGES
     • WRONG INTERPRETATION OF THE EMOTIONS
     • HIGH RISK OF ALTERED EXPLANATION

5. MARKET BY SOFTWARE & HARDWARE
   • MARKET BY SOFTWARE
     • SPEECH RECOGNITION
     • GESTURE RECOGNITION
     • FACIAL EXPRESSION RECOGNITION
     • NEURAL ANALYTICS
     • ENTERPRISE SOFTWARE
     • OTHERS
   • MARKET BY HARDWARE
     • SENSORS
     • CAMERAS
     • STORAGE

6. MARKET BY INDUSTRIAL SECTOR
   • SECURITY
   • MEDICAL
   • NEUROLOGY
   • PSYCHIATRY
   • DIALOG/AUTOMATIC CALL CENTER ENVIRONMENT
   • ROBOTICS
   • OTHERS
7. MARKET BY APPLICATION
   • HANDS-FREE COMPUTING
   • DISTANCE EDUCATION
   • INTERNET BANKING
   • VIRTUAL SALES ASSISTANT
   • SOCIAL INTERFACES
8. MARKET BY TECHNOLOGY
   • EMOTIONAL SPEECH
   • FACIAL EFFECT DETECTION
   • BODY GESTURES
   • BLOOD VOLUME PULSE
   • FACIAL ELECTROMYOGRAPHY
   • GALVANIC SKIN RESPONSE
   • VISUAL AESTHETICS
9. KEY ANALYTICS
   • FIVE FORCE ANALYSIS
     • THREAT OF NEW ENTRANTS
     • THREAT OF SUBSTITUTE PRODUCTS OR SERVICES
     • BARGAINING POWER OF BUYERS
     • BARGAINING POWER OF SUPPLIERS
     • INTENSITY OF COMPETITIVE RIVALRY
   • VENDORS LANDSCAPE
   • OPPORTUNITY MATRIX
10. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
      • MEXICO
    • EUROPE
      • GERMANY
      • UNITED KINGDOM (UK)
      • FRANCE
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF THE WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

11. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • CORPORATE STRATEGY
    • COMPANY PROFILE
      • AFFECTIVA
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVE
      • APPLE INC.
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVE
      • COGNITEC SYSTEMS
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVES
      • CONGNIVUE CORPORATION
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
      • ELLIPTIC LABS
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVE
      • EYESIGHT TECHNOLOGIES
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVE
      • GESTSURE TEK
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
      • GOOGLE INC
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVE
      • IBM
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVE
      • INTEL CORPORATION
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVE
      • MICROSOFT
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVE
      • NUMENTA
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVE
      • PALANTIR
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVE
      • POINTGRAB LTD
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVES
      • PYREOS LIMITED
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC INITIATIVE
      • QUALCOMM
        • OVERVIEW
        • PRODUCTS PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC MOVES
      • SONY DEPTH SENSING SOLUTIONS
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC MOVES
      • TEXAS ADVANCED COMPUTING CENTRE (TACC)
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC MOVES
      • VICON
        • OVERVIEW
        • PRODUCT PORTFOLIO
        • SCOT ANALYSIS
        • STRATEGIC MOVES

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1. MARKET BY SOFTWARE & HARDWARE
   • MARKET BY SOFTWARE
     • SPEECH RECOGNITION
     • GESTURE RECOGNITION
     • FACIAL EXPRESSION RECOGNITION
     • NEURAL ANALYTICS
     • ENTERPRISE SOFTWARE
     • OTHERS
   • MARKET BY HARDWARE
     • SENSORS
     • CAMERAS
     • STORAGE

2. MARKET BY INDUSTRIAL SECTOR
   • SECURITY
   • MEDICAL
   • NEUROLOGY
   • PSYCHIATRY
   • DIALOG/AUTOMATIC CALL CENTER ENVIRONMENT
   • ROBOTICS
   • OTHERS
3. MARKET BY APPLICATION
   • HANDS-FREE COMPUTING
   • DISTANCE EDUCATION
   • INTERNET BANKING
   • VIRTUAL SALES ASSISTANT
   • SOCIAL INTERFACES
4. MARKET BY TECHNOLOGY
   • EMOTIONAL SPEECH
   • FACIAL EFFECT DETECTION
   • BODY GESTURES
   • BLOOD VOLUME PULSE
   • FACIAL ELECTROMYOGRAPHY
   • GALVANIC SKIN RESPONSE
   • VISUAL AESTHETICS
5. GEOGRAPHICAL ANALYSIS
   • NORTH AMERICA
     • UNITED STATES
     • CANADA
     • MEXICO
   • EUROPE
     • GERMANY
     • UNITED KINGDOM (UK)
     • FRANCE
     • REST OF EUROPE
   • ASIA PACIFIC
     • CHINA
     • JAPAN
     • SOUTH KOREA
     • REST OF ASIA PACIFIC
   • REST OF THE WORLD
     • LATIN AMERICA
     • MIDDLE EAST & AFRICA

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