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Posted by George on August 4, 2024 at 12:52am 0 Comments 0 Likes
Posted by Micheal Alexander on August 4, 2024 at 12:47am 0 Comments 0 Likes
The global Affective Computing Market size is expected to reach USD 192.45 billion by 2027, registering a CAGR of 33.0% from 2020 to 2027, according to a new report by Grand View Research, Inc. Affective computing is being used across a myriad of end-use industries to gauge the emotional states of customers and analyze how these emotional states can influence the buying and selling decisions. The increasing rate of crime and terrorism has particularly increased the adoption of affective computing for security and surveillance purposes. The growing popularity of smart devices and wearables among individuals also bodes well for the growth of the market.
Affective computing helps in detecting human emotions and analyzing the human decision-making process through various human parameters, such as voice, heart rate, and expressions. Film making companies have already been employing algorithms, such as Factorized Variational Autoencoders (FVAEs) to gauge audience responses to different characters in movies. Video games are being developed to offer gamers an improved gaming experience by understanding the gamers’ emotions while playing games. Such diversified usage of the technology is expected to open new growth opportunities for the market over the forecast period.
The potential to use affective computing to develop emotions for treating autism-based diseases is another factor expected to drive the growth of the market. The growing demand for consumer electronics and IoT-based devices coupled with the evolving needs for convenience and comfort in product usage is also expected to boost the growth of the market. The growing awareness toward proper hygiene in the wake of the COVID 19 pandemic outbreak is equally expected to discourage physical contact and instead encourage the usage of facial recognition, and gesture recognition, among other techniques, thereby driving the market growth.
Related Press Release@ Affective Computing Market Report
Affective Computing Market Report Highlights
List of Key Players of Affective Computing Market
Request a Free Consultation @ https://www.grandviewresearch.com/request-free-consultation/450693/rfc
Affective Computing Market Segmentation
Grand View Research has segmented the global affective computing market based on technology, software, hardware, end-use, and region:
Affective Computing Technology Outlook (Revenue, USD Million, 2016 - 2027)
Affective Computing Software Outlook (Revenue, USD Million, 2016 - 2027)
Affective Computing Hardware Outlook (Revenue, USD Million, 2016 - 2027)
Affective Computing End-use Outlook (Revenue, USD Million, 2016 - 2027)
Affective Computing Regional Outlook (Revenue, USD Million, 2016 - 2027)
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