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The LAMEA Emotion Detection & Recognition Market is expected to reach $1,896.7 million by 2022, growing at a CAGR of 31.8% during 2016 -2022. The growth of consumerism and consumer legislation emphasizes the importance of the consumer over merely products and brands. Consumer behaviour is a vast field that focuses on studying how individuals make decision to spend their available resources (time, money and effort) or consumption related aspects. Understanding consumer behaviour is a challenging task to marketers, as consumers are heterogenic in nature. Therefore the need for an in-depth knowledge aroused to study and understand consumers buying behaviour. Eventually, this new found knowledge became the base of marketing consultants and an imperative tool to forecast the buying behaviour of customers.
The report highlights the adoption of Emotion Detection & Recognition market in LAMEA (Latin America, Middle East and Africa). Based on the Type, the Emotion Detection & Recognition Market is segmented into Feature Extraction and 3D Modeling, Bio-Sensors Technology, Pattern Recognition, Natural Language Processing, Machine Learning and Other segment. Based on the Software Tool, the market is bifurcated into Facial Expression Recognition, Bio-Sensing Software Tools and Apps and Speech & Voice Recognition segments. According to the Application, the Emotion Detection and Recognition Market is segmented into Healthcare, Transport and Logistics, Law enforcement and Surveilance, Gaming and Other segments.
Based on the end users, the market is segmented into Enterprises, Defense and security agencies, Commercial, Industrial, Others (Personal users). The countries included in the report are Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA. Key players included in the report include Affectiva, Emotient, Noldus Information Technology, Sightcorp., Realeyes, Nviso, Kairos, Eyeris.