Emotion Analytics (EA) Market - Challenges, Opportunities, Statistics to 2023
The global emotion analytics market is projected to grow at USD 25 Bn at a CAGR of 17% during the forecast period (2017-2023), states Market Research Future (MRFR) in its detailed report. The growing demand for artificial intelligence along with big data analytics is driving the global emotion analytics market. Also, the increasing adoption of facial biometrics in various sectors such as government, banking and financial sector used for ID cards, passport, driving license, health insurance card, and social security cards, increases the demand for emotion analytics system. On the other hand, lack of technical expertise for developing machine learning and neural networks is presumed to undermine the growth of the market. However, the emotion analytics data is used by companies to create strategies that will improve their business and are also used by organizations in data collection, data classification, data analytics, and data visualization, therefore there is no dearth of demand for t...