Affective Computing Market Share, Growth Prospects and Key Opportunities by 2025
According to a research report " Affective Computing Market Forecast by Technology (Touch-based and Touchless), Component (Software (Speech Recognition and Gesture Recognition) and Hardware (Sensors, Cameras, and Storage Devices and Processors)), Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets, the global affective computing market size in the post-COVID-19 scenario is projected to grow from USD 28.6 billion in 2020 to USD 140.0 billion by 2025, at a CAGR of 37.4% during the forecast period. The major factors driving the market include the growing demand for voice-enabled virtual assistants, soaring need to counter fraudulent activities, and enhanced security in the automotive and banking sectors. Based on technology, the touch-based segment is estimated to lead the market in 2020. Touch-based technologies play a crucial role in the deployment of affective computing solutions. Most of the affective computing technologies...