Affective Computing Market is expected to generate a revenue of USD 622.02 Billion by 2030, Globally, at 36.50% CAGR: Verified Market Research®

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Jan 23, 2023, 08:30 ET

The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Affective Computing Market.

JERSEY CITY, N.J., Jan. 23, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Affective Computing Market" By Vertical (Media and Entertainment, Healthcare and Life Sciences), By Component (Hardware, Analytics Software, Cameras), and By Geography.

As per the deep research carried out by Verified Market Research®, the global Affective Computing Market size was valued at USD 37.81 Billion in 2021 and is projected to reach USD 622.02 Billion by 2030, growing at a CAGR of 36.50% from 2023 to 2030.

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Browse in-depth TOC on "Affective Computing Market"

202 - Pages

126 – Tables

37 – Figures

Global Affective Computing Market Overview

Computer science, psychology, and cognitive science all come together in the topic of affective computing. It is employed in the creation of tools and systems that can analyze, process, stimulate, and process the affects of people. A highly intelligent computing system created by effective computing makes it possible to improve human-machine interaction. It has several uses in the fields of education, research, telecom, information technology, and other things.

The primary driver of the market's growth is the demand for sophisticated electronic gadgets, such as voice-activated biometrics, as a result of technological advancement. A few other factors driving the market expansion include the rising use of software tools for educational institutions and support tools in the field of medical services.

Additionally, smart wearable gadget adoption and increased internet penetration are imposing an optimistic perspective on the industry. Technology advancements including seamless computing, enhanced human-computer interfaces, and cutting-edge network technologies are anticipated to boost the performance of an efficient computer system with the arrival of Industry 4.0.

The future of a corporation is expected to be significantly impacted by effective computing, with implications for organizational change, project management, ergonomics, and human aspects. This factor has influenced the global adoption of AI and effective computing solutions across numerous industries.

Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Affective Computing Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Key Players

The "Global Affective Computing Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are IBM Corporation, Qualcomm Incorporated, Google LLC, Microsoft Corporation, Apple Inc, Affectiva, Elliptic Labs, Eyesight Technologies, Sony Depthsensing Solutions, and Intel Corporation.

Based on the research, Verified Market Research® has segmented the global Affective Computing Market into Vertical, Component, and Geography.

Affective Computing Market, by Vertical

Media and Entertainment
Healthcare and Life Sciences
Government and Defence
BFSI
Other

Affective Computing Market, by Component

Hardware
Analytics Software
Cameras
Others

Affective Computing Market, by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

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