Signal Affective computing is put at $88.6bn in 2024 growing to $347bn by 2029

Summary

NTT DATA presents market forecasts for four emotion-related technology segments between 2024 and 2029, drawing mainly on Technavio. Global affective computing is the largest, projected to grow from 88.57 billion dollars to 347.43 billion, a compound annual rate of 31.4 percent. Emotion AI is expected to rise from 5.99 billion to 17.42 billion dollars. Digital human avatars show the fastest pace at 43.9 percent a year, expanding from 5.29 billion to 32.72 billion. Emotion analytics, based partly on internal estimates, is projected to increase from 3.91 billion to 9.26 billion. The report attributes the growth to industries building affect-aware interaction into their service models.