Published Date: 16-Sep-2020
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According to a new report Global Affective Computing Market, published by KBV research, The Global Affective Computing Market size is expected to reach $123.3 billion by 2026, rising at a market growth of 36.4% CAGR during the forecast period.
The touch-based segment ruled the affective computing market in 2019 and accounted for revenue of more than 50% share. Touch-based innovations play an essential role in the execution of affective computing solutions. A full-fledged solution commonly requires hardware parts, for example, sensors, cameras, and storage devices to catch facial appearance and physical gestures. The touchless segment is anticipated to observe the fastest development over the forecast period as developing awareness toward proper cleanliness drives the interest for contact-free sensing.
The sensors segment ruled the market in 2019 and accounted for the higher share. Sensors can conceivably identify changes or occasions in the environment and give a conforming output. Sensors are indispensable elements as they are accountable for deciphering, recognizing, processing, and replicating human feelings. The camera segment is anticipated to observe huge development over the forecast period. Cameras are introduced at commercial offices, government structures, and other public and open places and can take a vital job in affective computing solutions.
The healthcare segment ruled the market in 2019. Healthcare organizations are concentrating on developments significantly focusing on cutting edge patient monitoring devices commonly based on facial recognition techniques to screen the patients. The automotive segment is anticipated to observe noteworthy development over the forecast period as the industry officeholders strongly accept innovative strategies to execute cutting edge mobility.
North America ruled the market in 2019 and accounted for the higher revenue share. North America is home to a few of the exceptionally dynamic research associations engaged in creating technically advanced computing devices. The Asia Pacific is anticipated to develop as the quickest developing regional market over the forecast period due to the expanding acceptance of the most recent technologies in the region.
Structural Insights: https://www.kbvresearch.com/affective-computing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Microsoft Corporation, Google, Inc., Apple, Inc., Qualcomm, Inc., Elliptic Laboratories A/S, Congnitec Systems GmbH, GestureTek, Inc., Eyesight Technologies Ltd., and Vocalis Health.
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