Portland, OR , June 07, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global emotion detection and recognition market $18.8 billion in 2020, and is projected to reach $103.1 billion by 2030, growing at a CAGR of 18.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Significant surge in the internet of things (IoT), rise in popularity of wearable technology, remarkable growth in the internet penetration, and increase in the use of smartphones among people across the globe are expected to drive the growth of the global emotion detection and recognition market. On the other hand, extortionate functional requirements and cost of application are expected to hinder the growth of the market to some extent. However, extensive adoption of cloud-based technology is predicted to create ample opportunities for the growth of the industry.
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COVID-19 Scenario
- The outbreak of COVID-19 has had a negative impact on the growth of the global emotion detection and recognition market, owing to the occurrence of lockdowns in various countries across the globe. Lockdowns adversely decreased the demand for emotion detection and recognition as wearing masks became…
