Emotion Analytics Market Growth Supported By Automobile Sector
August 3, 2022 ⚊ 1 Min read ⚊ Views 140 ⚊ BLOG
The emotion analytics market stood at $164.7 million in 2018, and it is expected to reach $1,419.2 million by 2024, displaying a CAGR of 46.8% during the forecast period (2019–2024). This growth can be stimulated by factors, such as the growing service sector, soaring demand for business intelligence and data analytics solutions, rising focus on customer satisfaction, and spurring demand for automobiles. Moreover, the advertising industry is generating high demand for emotion analytics solutions to analyze the feedback of customers on specific ads.
Apart from this, the increasing incorporation of emotion analytics in the video gaming sector is fueling the market growth. Currently, industry players are largely integrating new solutions with emotion analytics software to understand the emotions and behavior of game players.
