The Asia Pacific Affective Computing Market would witness market growth of 38.5% CAGR during the forecast period (2020-2026). Affective computing is being utilized over a horde of end-use enterprises to check the emotional conditions of clients and examine how these emotional states can impact the purchasing and selling choices. The expanding pace of crime and terrorism has especially expanded the adoption of Affective computing for security and surveillance purposes. The developing fame of smart devices and wearables among people also looks good for the development of the market.
The Asia Pacific is home to developing economies, for example, India and China. In addition, a few nations in the region are seeking different initiatives for electronic ID generation of their respective residents. For example, initiatives such as the UIDAI venture in India and the e-KTP venture in Indonesia, are opening new open doors for the acceptance of affective computing in the region. On the other hand, the developing popularity of smartwatches and smart wearable gadgets in China is inspiring significant market players to reinforce their footprint in the Asia Pacific. Affective computing is widely utilized by law requirement organizations for investigation purposes.
Facial recognition ensures a significant level of safety and has henceforth been increasing wide acknowledgment in recent years. Facial recognition uses an associated camera or a digital camera to distinguish the faces in the captured pictures and contrast the characteristics of those faces with those available in the database. Authorities are especially utilizing facial recognition to confirm the tourist's identity, especially in air terminals. Agencies of Law enforcement are utilizing facial recognition to filter faces trapped in the surveillance cameras to find the targeted individual. The developing need for an elevated level of safety and security and the ability of facial recognition technology to give the equivalent is anticipated to drive the development of the market over the forecast period.
Based on Component, the market is segmented into Software and Hardware. Software segment is further classified across Speech Recognition, Enterprise Software, Face Recognition, Analytics Software and Others. Hardware segment is further segmented into Sensors, Storage Devices & Processors and Cameras & Others. Based on Technology, the market is segmented into Touch Based and Touchless. Based on End User, the market is segmented into Healthcare, Media & Entertainment, BFSI, Automotive, IT & Telecom, Retail & E-commerce and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Affective Computing Market in Asia Pacific is expected to register a CAGR of 38.5% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include 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.
Market Segmentation:
By Component
By Technology
By End-User
By Country
Companies Profiled
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