Affective Computing Market: Investment Opportunities and Risks
The global affective computing market was valued at USD 62.53 billion in 2023 and is expected to grow to USD 388.28 billion by 2030, with a CAGR of 30.6% from 2024 to 2030. The rapid advancements in artificial intelligence (AI), machine learning (ML), and sensor technologies, along with a heightened focus on enhancing user experience, have driven market growth. Additionally, the increasing demand for sentiment analysis and emotional intelligence in customer service and marketing has prompted businesses to invest in affective computing solutions. Various industries, including media and entertainment, advertising services, healthcare and life sciences, and IT & telecom, have begun adopting affective computing solutions to create more personalized user experiences. As technology continues to innovate, other sectors are anticipated to utilize affective computing techniques during the forecast period. According to a report from the International Federation of Robotic...