North America Emotion AI Market Size, Share & Industry Trends Analysis Report By Component (Software, and Service), By Enterprise Size (Large Enterprises, Small & Medium-sized Enterprises), By Vertical, By Country and Growth Forecast, 2023 - 2030
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
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
- 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
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Emotion AI Market, by Component
- 1.4.2 North America Emotion AI Market, by Enterprise Size
- 1.4.3 North America Emotion AI Market, by Vertical
- 1.4.4 North America Emotion AI Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis – Global
- 4.1 Market Share Analysis, 2022
- 4.2 Porter’s Five Forces Analysis
- 4.3 Strategies Deployed in Emotion AI Market
- Chapter 5. North America Emotion AI Market, By Component
- 5.1 North America Software Market, By Country
- 5.2 North America Service Market, By Country
- Chapter 6. North America Emotion AI Market, By Enterprise Size
- 6.1 North America Large Enterprises Market, By Country
- 6.2 North America Small & Medium-sized Enterprises Market, By Country
- Chapter 7. North America Emotion AI Market, By Vertical
- 7.1 North America Retail & E-commerce Market, By Country
- 7.2 North America BFSI Market, By Country
- 7.3 North America Media & Entertainment Market, By Country
- 7.4 North America Healthcare Market, By Country
- 7.5 North America IT & Telecom Market, By Country
- 7.6 North America Government & Defense Market, By Country
- 7.7 North America Automotive Market, By Country
- 7.8 North America Others Market, By Country
- Chapter 8. North America Emotion AI Market, By Country
- 8.1 US Emotion AI Market
- 8.1.1 US Emotion AI Market, By Component
- 8.1.2 US Emotion AI Market, By Enterprise Size
- 8.1.3 US Emotion AI Market, By Vertical
- 8.2 Canada Emotion AI Market
- 8.2.1 Canada Emotion AI Market, By Component
- 8.2.2 Canada Emotion AI Market, By Enterprise Size
- 8.2.3 Canada Emotion AI Market, By Vertical
- 8.3 Mexico Emotion AI Market
- 8.3.1 Mexico Emotion AI Market, By Component
- 8.3.2 Mexico Emotion AI Market, By Enterprise Size
- 8.3.3 Mexico Emotion AI Market, By Vertical
- 8.4 Rest of North America Emotion AI Market
- 8.4.1 Rest of North America Emotion AI Market, By Component
- 8.4.2 Rest of North America Emotion AI Market, By Enterprise Size
- 8.4.3 Rest of North America Emotion AI Market, By Vertical
- Chapter 9. Company Profiles
- 9.1 IBM Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 SWOT Analysis
- 9.2 Microsoft Corporation
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Cogito Corporation
- 9.3.1 Company Overview
- 9.3.2 SWOT Analysis
- 9.4 Eyeris Technologies, Inc.
- 9.4.1 Company Overview
- 9.4.2 SWOT Analysis
- 9.5 Apple, Inc.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 SWOT Analysis
- 9.6 Smart Eye A/S (Affectiva, Inc.)
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.5.2 Product Launches and Product Expansions:
- 9.6.5.3 Acquisition and Mergers:
- 9.6.6 SWOT Analysis
- 9.7 NuraLogix Corporation
- 9.7.1 Company Overview
- 9.7.2 SWOT Analysis
- 9.8 Realeyes OU
- 9.8.1 Company Overview
- 9.8.2 Recent strategies and developments:
- 9.8.2.1 Partnerships, Collaborations, and Agreements:
- 9.8.2.2 Product Launches and Product Expansions:
- 9.8.3 SWOT Analysis
- 9.9 NVISO SA
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Partnerships, Collaborations, and Agreements:
- 9.9.3 SWOT Analysis
- 9.10. Emotibot Technologies Limited
- 9.10.1 Company Overview
- 9.10.2 SWOT Analysis
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook