How big is the Affective Computing Market?

The Affective Computing Market size is expected to reach USD 73.58 billion in 2024 and grow at a CAGR of 24.29% to reach USD 218.25 billion by 2029. Read More

What is the current Affective Computing Market size?

In 2024, the Affective Computing Market size is expected to reach USD 73.58 billion. Read More

Who are the key players in Affective Computing Market?

Affectiva Inc., IBM Corporation, Nuance Communications Inc., Element Human Ltd and Kairos AR Inc. are the major companies operating in the Affective Computing Market. Read More

Which is the fastest growing region in Affective Computing Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Affective Computing Market?

In 2024, the North America accounts for the largest market share in Affective Computing Market. Read More

What years does this Affective Computing Market cover, and what was the market size in 2023?

In 2023, the Affective Computing Market size was estimated at USD 55.71 billion. The report covers the Affective Computing Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Affective Computing Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Affective Computing Market - Companies, Analysis & Growth

Affective Computing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Affective Computing Market Trends & Size. The Market is Segmented by Component (hardware (sensors, Cameras, Storage Devices, and Processors), Software (analytics Software, Enterprise Software, Facial Recognition, Gesture Recognition, and Speech Recognition)), End User Industry (healthcare, Automotive, and Retail), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Affective Computing Industry Overview

The competition among the existing market players in the affective computing market is high, making them prone to aggressive acquisition strategies to capture the market and enhance the first mover's advantage with new solutions. Affectiva Inc., IBM Corporation, Nuance Communications Inc., Element Human Ltd., and Kairos AR Inc. are a few prominent players with a significant share of the market.

In June 2022, Nuance Communications announced a partnership with SCIENTIA Puerto Rico, Inc. to expand access to Nuance's Dragon Medical One speech recognition solution for the island's physicians and nurses to improve clinical documentation quality and patient outcomes while reducing administrative workloads that contribute to clinician burnout. Also, in June 2022, Aural Analytics, Inc., a prominent player in clinical-grade speech analytics, announced a partnership with Koneksa, a player in digital biomarker development, to further strengthen its platform and research capabilities using Aural Analytics' technology, Speech Vitals.