According to a new report, published by KBV research, The Global Emotion AI Market size is expected to reach $8.2 billion by 2030, rising at a market growth of 22.3% CAGR during the forecast period.
The Service segment would experience a CAGR of 24.5% during (2023 - 2030). Emotion AI service providers offer strategic guidance to organizations looking to implement emotion AI solutions. They help clients identify use cases, set goals, and plan emotion AI integration into their business strategies. Emotion AI solutions are often customized to meet the specific needs of clients. Service providers tailor the software to match industry requirements and individual goals. Service teams help clients deploy emotion AI solutions on-premises or in the cloud, ensuring a smooth transition.
The Large Enterprises segment is registering maximum revenue in the Global Emotion AI Market, By Enterprise Size in 2022, achieving a market value of $5.5 billion by 2030. Large enterprises often generate and collect vast amounts of data. Emotion AI thrives on data, and having a substantial data reservoir allows large enterprises to train more accurate and effective emotion AI models. Emotion AI solutions can be scaled to suit the needs of larger organizations with multiple departments, locations, and customer touchpoints. Emotion AI's scalability aligns well with large enterprises' complex and varied operations.
The Media & Entertainment segment would witness a CAGR of 22.7% during (2023 - 2030). Emotion AI can help writers and filmmakers gauge the emotional impact of scripts and stories, improving storytelling and character development. Emotion AI is used to gauge audience emotions during live events, broadcasts, or theatrical performances, helping producers make real-time adjustments for a better audience experience. Emotion AI can be integrated into interactive content, such as video games, allowing characters and storylines to adapt based on player emotions and responses.
The North America region is generating the highest revenue in the Global Emotion AI Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3.1 billion by 2030. The Asia Pacific region would exhibit a CAGR of 23.1% during (2023 - 2030). Additionally, The Europe region would experience a CAGR of 22.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/emotion-ai-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, Cogito Corporation, Eyeris Technologies, Inc., Apple, Inc., Smart Eye A/S (Affectiva, Inc.), NuraLogix Corporation, Realeyes OU, NVISO SA, and Emotibot Technologies Limited
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