The North America Emotion AI Market would witness market growth of 21.5% CAGR during the forecast period (2023-2030).
Many virtual assistants and chatbots incorporate Emotion AI to understand better and respond to users' emotional states. This makes interactions with technology more human-like and personalized. It is integrated into smart devices, like voice assistants, to understand better and respond to users' emotions and requests. This makes these devices more user-friendly and adaptable. Advancements in machine learning and deep learning techniques will likely enhance the accuracy and effectiveness of these systems, driving further adoption.
The adoption of Emotion AI is on the rise across various sectors, driven by the potential to improve customer experiences, healthcare, marketing, education, and more. However, ethical, and regulatory considerations will play an increasingly significant role as technology develops and is integrated into various aspects of lives. Artificial intelligence (AI) powered solutions can continuously monitor networks, endpoints, and systems, enabling quick response and real-time visibility into any circumstance. This ultimately results in more precise and efficient business operations.
Emotion AI is applied across various applications in North America, including customer service, marketing, mental health support, virtual assistants, and content personalization. In the healthcare sector, North America is leveraging these for applications related to mental health, patient engagement, and remote monitoring, focusing on improving patient outcomes. North American retailers and e-commerce businesses use it to enhance the customer shopping experience, gather customer insights, and improve recommendations. All these factors will uplift the regional market expansion in coming years.
The US market dominated the North America Emotion AI Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,200 million by 2030. The Canada market is experiencing a CAGR of 24.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 23.2% during (2023 - 2030).
Based on Component, the market is segmented into Software, and Service. Based on Enterprise Size, the market is segmented into Large Enterprises, Small & Medium-sized Enterprises. Based on Vertical, the market is segmented into Retail & E-commerce, BFSI, Media & Entertainment, Healthcare, IT & Telecom, Government & Defense, Automotive, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Cogito Corporation, Eyeris Technologies, Inc., Apple, Inc., Smart Eye A/S (Affectiva, Inc.), NuraLogix Corporation, Realeyes OU, NVISO SA, and Emotibot Technologies Limited
Many virtual assistants and chatbots incorporate Emotion AI to understand better and respond to users' emotional states. This makes interactions with technology more human-like and personalized. It is integrated into smart devices, like voice assistants, to understand better and respond to users' emotions and requests. This makes these devices more user-friendly and adaptable. Advancements in machine learning and deep learning techniques will likely enhance the accuracy and effectiveness of these systems, driving further adoption.
The adoption of Emotion AI is on the rise across various sectors, driven by the potential to improve customer experiences, healthcare, marketing, education, and more. However, ethical, and regulatory considerations will play an increasingly significant role as technology develops and is integrated into various aspects of lives. Artificial intelligence (AI) powered solutions can continuously monitor networks, endpoints, and systems, enabling quick response and real-time visibility into any circumstance. This ultimately results in more precise and efficient business operations.
Emotion AI is applied across various applications in North America, including customer service, marketing, mental health support, virtual assistants, and content personalization. In the healthcare sector, North America is leveraging these for applications related to mental health, patient engagement, and remote monitoring, focusing on improving patient outcomes. North American retailers and e-commerce businesses use it to enhance the customer shopping experience, gather customer insights, and improve recommendations. All these factors will uplift the regional market expansion in coming years.
The US market dominated the North America Emotion AI Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,200 million by 2030. The Canada market is experiencing a CAGR of 24.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 23.2% during (2023 - 2030).
Based on Component, the market is segmented into Software, and Service. Based on Enterprise Size, the market is segmented into Large Enterprises, Small & Medium-sized Enterprises. Based on Vertical, the market is segmented into Retail & E-commerce, BFSI, Media & Entertainment, Healthcare, IT & Telecom, Government & Defense, Automotive, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Microsoft Corporation, Cogito Corporation, Eyeris Technologies, Inc., Apple, Inc., Smart Eye A/S (Affectiva, Inc.), NuraLogix Corporation, Realeyes OU, NVISO SA, and Emotibot Technologies Limited
Scope of the Study
Market Segments Covered in the Report:
By Component- Software
- Service
- Large Enterprises
- Small & Medium-sized Enterprises
- Retail & E-commerce
- BFSI
- Media & Entertainment
- Healthcare
- IT & Telecom
- Government & Defense
- Automotive
- Others
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Microsoft Corporation
- Cogito Corporation
- Eyeris Technologies, Inc.
- Apple, Inc.
- Smart Eye A/S (Affectiva, Inc.)
- NuraLogix Corporation
- Realeyes OU
- NVISO SA
- Emotibot Technologies Limited
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Emotion AI Market, By Component
Chapter 6. North America Emotion AI Market, By Enterprise Size
Chapter 7. North America Emotion AI Market, By Vertical
Chapter 8. North America Emotion AI Market, By Country
Chapter 9. Company Profiles
Companies Mentioned
- IBM Corporation
- Microsoft Corporation
- Cogito Corporation
- Eyeris Technologies, Inc.
- Apple, Inc.
- Smart Eye A/S (Affectiva, Inc.)
- NuraLogix Corporation
- Realeyes OU
- NVISO SA
- Emotibot Technologies Limited
Methodology
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