Albany, NY -- (SBWIRE) -- 11/25/2016 -- A new market intelligence study by Transparency Market Research (TMR) offers an in-depth analysis of the global affective computing market. The study, titled "Affective Computing Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2023," provides a comprehensive overview, focusing on the lucrative opportunities and other growth prospects. In addition, the key application segments, product types, geographical segmentation, and latest trends in the global affective computing market have been discussed in the research study.

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The rising popularity of wearable devices and the growing need to understand consumer behavior are the primary factors expected to augment the global affective computing market throughout the forecast period. Additionally, increasing advancements in enabling technologies and harnessing internet speed are estimated to encourage the market's growth in the near future. The increasing adoption of cloud-based technology and Internet of Things is another key factor driving the demand for affective computing systems worldwide.

On the other hand, the power consumption of wearable computing devices, increasing manufacturing cost, and the rising difficulty faced by leading players to cope with rapidly expanding the scope of affective computing systems are anticipated to restrict the growth of the overall market in the next few years. Nevertheless, the rising number of strategic collaborations and partnerships and the congenial nature of the market are estimated to generate promising opportunities for market players. Moreover, with the rising use of connected devices and smart phones, consumer-centric businesses are making notable efforts to find innovative ways to stay ahead in the competitive landscape by using computing technology.

From a geographical viewpoint, the global affective computing market has been segmented into Asia Pacific, Latin America, North America, Europe, and the Middle East and Africa. Among these regions, increasing investments by key players in developing nations are expected to augment the growth of the affective computing market in Asia Pacific. On the other hand, the rising number of technological developments and required infrastructure is encouraging the growth of this market in North America and Europe.

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Some of the prominent players operating in the affective computing market across the globe are Elliptic Laboratories AS, Affectiva Inc., Microsoft Corp., Cognitec Systems GmbH, Apple Inc., IBM Corp., Emotient, Inc., Intel Corporation, Eyesight Technologies, Ltd., and Saffron Technology, Inc. These players are focusing on research and development activities in order to expand their portfolio and introduce innovative products in order to gain a competitive advantage. To present a clear picture of the market, the research study has provided a detailed analysis of the key players in the market, including their key products, business policies, financial overview, and latest developments.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.