Global Affective Computing
Market Report
2024
Affective Computing Market size is USD 71.39 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 21.23% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Affective Computing market size is USD 71.39 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 21.23% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Affective Computing Market Sales Revenue 2024 | $ 71.39 Billion |
Global Affective Computing Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 21.23% |
North America Affective Computing Market Sales Revenue 2023 | $ 11661.8 Million |
North America Affective Computing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 36.4% |
Europe Affective Computing Market Sales Revenue 2023 | $ 8746.35 Million |
Asia Pacific Affective Computing Market Sales Revenue 2023 | $ 6705.54 Million |
Asia Pacific Affective Computing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 40.2% |
South America Affective Computing Market Sales Revenue 2023 | $ 1457.73 Million |
South America Affective Computing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 37.6% |
Middle East and Africa Affective Computing Market Sales Revenue 2023 | $ 583.09 Million |
Middle East and Africa Affective Computing Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 37.9% |
Market Split by Technology |
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Market Split by Component |
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Market Split by Verticals |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Affective Computing Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The introduction of affective computing solutions is being driven by several factors, including the demand for enhanced electronic devices like voice-activated biometrics and the necessity to analyze customer behavior. Further, significant market growth is propelled by the increasing utilization of support tools in medical services and educational software tools. Additionally, the optimistic market outlook is shaped by rising internet penetration and the adoption of smart wearable devices. Technological advancements such as improved human-computer interfaces, seamless computing, and cutting-edge network technologies are anticipated to boost the performance of affective computing systems. The increasing adoption of robots highlights the need for socially intelligent and respectful behavior in artificial intelligence. Affective computing enhances human-robot interaction, making industrial robots more engaging and responsive. This aligns with the evolving demands of a rapidly expanding robotics industry.
Rise in Demand for Telehealth-Related Affective Computing Solutions to Increase the Demand Globally. One key driver in the Affective Computing market is the rise in demand for telehealth-related affective computing solutions. The advent of affective computing has spurred the proliferation of various applications, notably in the realm of designing computational devices capable of either naturally expressing emotions or convincingly simulating them. With advancements in computing power, improved communication technologies, and innovative solutions like AI, the market is witnessing a surge in possibilities, fostering its growth. Technological Advancements
High Production Cost of Affective Computing Solutions Lack of Knowledge and Awareness and Technical Challenges
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In April 2024, IBM revealed its latest Cloud Multizone Region (MZR) in Montreal, Quebec, aimed at assisting clients in meeting changing regulatory needs and utilizing cutting-edge technology like Generative AI within a secure enterprise cloud framework. Following the launch of IBM Cloud's Toronto MZR in 2021 and the presence of current data centers in Montreal, the new Montreal MZR is slated to open in the first half of 2025.
Top Companies Market Share in Affective Computing Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the Affective Computing market due to several key factors. Various research organizations are actively developing innovative affective computing devices tailored for various end-user applications, particularly in healthcare, market research, and automotive sectors. With robust infrastructure for artificial intelligence and advanced technologies, the region possesses the necessary resources for effective computing deployment. Further, several organizations are dedicated to researching and advancing technologies in the field of affective computing.
Asia-Pacific stands out as the fastest-growing region in the Affective Computing market due to several compelling reasons. Leveraging state-of-the-art infrastructure for artificial intelligence and other advanced technologies, the region is witnessing a surge in the creation and deployment of effective computing devices. Moreover, a plethora of organizations within APAC are actively engaged in pioneering research to drive innovation in affective computing. This dynamic landscape underscores the region's pivotal role in shaping the future of affective computing technology, catering to diverse end-user needs and driving transformative advancements across various sectors.
The current report Scope analyzes Affective Computing Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Affective Computing Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Affective Computing Industry growth. Affective Computing market has been segmented with the help of its Technology, Component Verticals, and others. Affective Computing market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Affective Computing market.
Technology of Affective Computing analyzed in this report are as follows:
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Affective Computing from 2019 to 2031. This will also help to analyze the demand for Affective Computing across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Component of Affective Computing are:
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According to cognitive market research, healthcare and life sciences are the dominant category. These innovations enhance patient-centered care by analyzing emotions, improving diagnosis accuracy, and personalizing treatment. From sentiment analysis in patient feedback to emotion recognition in telemedicine, affective computing optimizes care delivery. It also advances mental health monitoring, aiding early detection and intervention. This trend highlights affective computing's potential to revolutionize healthcare by enhancing patient experiences and clinical outcomes.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Affective Computing Market is witnessing significant growth in the near future.
In 2023, the Touch-based segment accounted for noticeable share of global Affective Computing Market and is projected to experience significant growth in the near future.
The Software (Speech Recognition segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Microsoft , Apple and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Technology | Touch-based, Touchless |
Component | Software (Speech Recognition, Gesture Recognition, Analytics Software, Facial Feature Extraction, Enterprise Software), Hardware (Sensors, Cameras, Storage Devices and Processors) |
Verticals | Academia and Research, Media and Entertainment, Government and Defense, Healthcare and Life Sciences, IT and Telecom, Retail and E-Commerce, Automotive, BFSI, Others |
List of Competitors | Microsoft, IBM Corporation, Apple, Qualcomm, Intel, Sony Depthsensing Solutions, Affectiva, Elliptic labs, Numenta |
This chapter will help you gain GLOBAL Market Analysis of Affective Computing. Further deep in this chapter, you will be able to review Global Affective Computing Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Analysis 2019 -2031, will provide market size split by Technology. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Technology Analysis 2019 -2031
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Chapter 11 Market Split by Component Analysis 2019 -2031
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Chapter 12 Market Split by Verticals Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Affective Computing market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Touch-based have a significant impact on Affective Computing market? |
What are the key factors affecting the Touch-based and Touchless of Affective Computing Market? |
What is the CAGR/Growth Rate of Software (Speech Recognition during the forecast period? |
By type, which segment accounted for largest share of the global Affective Computing Market? |
Which region is expected to dominate the global Affective Computing Market within the forecast period? |
Segmentation Level Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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