Emotion Analytics Market to Rake in Around US $25 Billion by 2023 with 17% CAGR - Reuters
The importance of next-gen technologies such as artificial intelligence (AI) and emotion analytics are being quickly realised by enterprises all over the world. Businesses are leveraging the capabilities of such technologies to bolster their customer relationship management (CRM). Emotion analytics with its futuristic characteristics has found the limelight in the business world. The technology is used to enhance data classification, data collection, data visualization and data analytics. A widening application base is partly driving the global market for emotion analytics. A recent study conducted by Market Research Future (MRFR), reveals that the global Emotion Analytics Market will capture a strong CAGR of 17% between 2017 and 2023.
Emotion Analytics Market – Segmental Analysis
Based on type, market has been segmented into video analytics, speech analytics, facial analytics and others. By technology, the market has been segmented into biometrics and neuroscience, pattern recognition, artificial intelligence, records management, 3D modelling and others. By solution, the market has been segmented into cloud, mobile and web application and others. On the basis of end-user, the market has been segmented into defense, commercial, enterprises, industrial, security agencies and others.