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Affective Computing Market to grow by USD 236.41 billion from 2023 to 2028; increasing demand for affective computing from the media and entertainment industry to boost market growth- Technavio
"Affective Computing Market - Forecast and Analysis 2024-2028" report has been added to Technavio's offering. It is segmented according to component (software and hardware), technology (touch-based and touch-less), and geography (North America, Europe, Asia Pacific, South America, and Middle East and Africa).. For over 16 years, Technavio has been proudly partnering with more than 100 Fortune 500 companies, and has achieved ISO 9001:2015 certification.. Between 2024 and 2028, there is a potential growth difference of USD 236 in the market for affective computing.The number of billions is 41The number of billions is 41 Market growth is primarily driven by the increasing demand for affective computing from the media and entertainment industry, which is driving the market development. There are several video and film makers who use affective computing to capture and examine the expressions of audiences in the process of making strategic decisions regarding their content. Also, it is extremely important for video and movie designers to understand how to capture and analyze the audience's emotions so that they can comprehend the scenes and characters that will positively or negatively impact the audience as a whole. Furthermore, affective computing is capable of recognizing and exploring the entire range of human emotions. As a result, the market growth is expected to be driven by this factor during the forecast period As a result, the market growth is expected to be driven by this factor during the forecast periodMarket growth is being driven by the increasing demand for affective computing from the media and entertainment industry, which is driving the market upwards. There are a number of videos and filmmakers who use affective computing to capture and analyze the expressions of audiences in order to make strategic decisions based on the responses. Aside from that, being able to capture and analyze the emotions of the audience is crucial for video and movie designers in order for them to comprehend the scenes and characters that have a positive or negative effect on them.. Furthermore, affective computing has the capability of recognizing and exploring the entire spectrum of human emotions. The growth of the market is therefore expected to be driven by this factor during the forecast period. The growth of the market is therefore expected to be driven by this factor during the forecast period.There is a significant challenge to be overcome - As a result of privacy and security concerns, the growth of the market is affected. In this day and age of cybercrime, many individuals consider such activities to be suspicious, even when permission has been granted. In addition to this, companies that use emotion recognition software, such as market research organizations and advertising agencies, are now required to comply with the new regulations as well. In view of this, it is expected that such factors will hinder the growth of the market during the forecast period. The risks that are associated with safety and the leakage of sensitive information are also some of the further significant issues that organizations face while using emotion recognition software. The risks that are associated with safety and the leakage of sensitive information are also some of the further significant issues that organizations face while using emotion recognition software.It is estimated that the global market for affective computing is segmented into four main segments: component (software and hardware), technology (touch-based and touch-less), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The following are some of the key companies in the market for affective computing:Among these companies are Affectiva Inc., Alphabet Inc., Amazon.com Inc., Apple Inc., audEERING GmbH, Cipia Vision Ltd., Cognitec Systems GmbH, Elliptic Enterprises Ltd., Eyeris Technologies Inc., GestureTek technologies, Intel Corp., International Business Machines Corp., Kairos AR Inc., Microsoft Corp., Nemesysco Ltd., NVISO SA, Qualcomm Inc., Raydiant Inc., Realeyes OU, Sony Group Corp.Reports related to this topic include:From 2023 to 2028, it is estimated that the size of the Neuromorphic Computing market will grow by USD 96.18 million at a CAGR of 24.13%. Between 2022 and 2027, the edge computing market is forecast to grow at a CAGR of 24.74%, which means that the market size is expected to increase by USD 9,928.42 million between 2022 and 2027.Table of Contents:The Exclusive SummaryAn overview of the marketThe size of the marketSizes of the market in the pastAnalysis of the Five ForcesComponent-based segmentation of the marketTechnology-based market segmentation of the global marketGeographical segmentation of the marketAn overview of the customer landscapeA description of the geographical landscapeAn analysis of the drivers, challenges, and trends in the industryAn overview of the company's landscapeAnalyses of the companyThe appendixTechnavio's mission and visionA leading global technology research and advisory firm, Technavio focuses on the emerging trends in the market and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market position by providing actionable insight into emerging market trends.As a result of Technavio's over 500 specialized analysts, the report library consists of more than 17,000 reports, in over 50 countries, covering 800 technologies, and counting.. As part of their client base, they serve enterprises of all sizes, including more than 100 Fortune 500 companies.. In order to identify opportunities in existing and potential markets, and to assess their competitive positions in the changing market scenarios, this growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights. In order to identify opportunities in existing and potential markets, and to assess their competitive positions in the changing market scenarios, this growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights.Getting in touchResearch Analyst at TechnavioJesse MaidaMedia and Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.comTechnavio is the source of this informationFrom 2023 to 2028, the market size for landing string equipment is expected to grow by USD 424.91 million, according to Technavio. 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