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Emotion Analytics Market Forecasted to Garner USD 7.61 Billion with a CAGR of 14.7% by 2030 – Report by Market Research Future (MRFR)

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New York, USA, Jan. 26, 2022 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Emotion Analytics Market information by Type, by Technologies, by Solution, by End-Users and Region – forecast to 2030” market size to reach USD 7.61 billion, growing at a compound annual growth rate of 14.7% by 2030.

Market Scope:
The adoption of emotion analytics in the video gaming industry will offer robust opportunities for the market in the forecast period. Industry players are laying emphasis on the integration of these features in different software and programs to understanding the emotions and behavior of customers. This software will help businesses to analyze and understand real-time emotions of the gamer, including reactions, feelings like fear, anger, and joy, facial expressions and behavior at every stage of the game.

Dominant Key Players on Emotion Analytics Market Covered are:

  • Microsoft Corporation (U.S.)
  • International Business Machines Corporation (U.S.)
  • Apple Inc. (U.S)
  • Retinad Virtual Reality Inc. (Canada)
  • Neuromore Inc. (U.S.)
  • Imotions A/S (Denmark)
  • Kairos AR Inc. (U.S.)
  • Beyond Verbal (Israel)
  • Affectiva (U.S.)
  • Eyris (EmoVu) (U.S.)
  • Adoreboard (U.K.)
  • sensation.io (Germany)
  • iMotions (U.S)
  • RealComm Global LLC (U.S)
  • Lightspeed LLC (U.S.)

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Market USP Exclusively Encompassed:
Market Drivers
Growing Demand from Automotive Industry
Burgeoning demand for emotion analytics from the automotive industry will boost market growth over the forecast period. The auto sector is moving to next-generation technologies via installing AI-based solutions in cars. Automakers are focusing on R&D to allow emotion recognition features in automobiles wherein the installed software responds intelligently to the emotions expressed via the driver. The software enables gesture recognition, eye movement, and touch while identifying the driver’s alertness thus reducing the risk of road accidents.

High Cost to act as Market Restraint
The high cost associated with the deployment and use of emotion analytics to act as market restraint over the forecast period.

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Lack of Skilled Professionals to act as Market Challenge
The lack of skilled professionals will act as a market challenge over the forecast period.

Browse In-depth Market Research Report (100 Pages) on Emotion Analytics Market: 
https://www.marketresearchfuture.com/reports/emotion-analytics-market-5330   

Segmentation of Market Covered in the Research:
The global emotion analytics market is bifurcated based on end users, solution, technology, and type.

By type, the global emotion analytics market is segmented into video analytics, speech analytics, facial analytics, and others.

By technology, the global emotion analytics market is segmented into records management, pattern recognition, 3D modeling, biometrics and neuroscience, artificial intelligence, and others.
By solution, the global emotion analytics market is segmented into cloud, web application, mobile application, and others.

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By end users, the global emotion analytics market is segmented into industrial, commercial, defense and security agencies, enterprises, and others.

Regional Analysis
North America to Precede Emotion Analytics Market
North America will precede the market over the forecast period. Rising use of cloud-faced face recognition software in organizations, increasing investments in R&D activities in Canada and the US, Canada and the US emphasizing on innovation, and the growing use of emotion analytics software in banking, financial services, retail, and others are adding to the global emotion analytics market growth in the region. Besides, the increasing adoption of AI technologies in various end use industries, booming service industry, the presence of numerous big industries, constant technological advances, huge IT expenditure, and technological advancements are also adding market growth.

APAC to Have Promising Growth in Emotion Analytics Market
The APAC region will have promising growth over the forecast period. Expanding service industry in China and India, increasing digitization rate, mounting number of contact centers, support from the government for implementation of biometrics, the presence of the world’s fastest growing economies, technology penetration in the region being high, and the region covering potential market countries like Singapore, South Korea, Japan, Malaysia, Thailand, Japan, and China are adding to the global emotion analytics market growth in the region. Besides, for rapid industrialization, organizations here are becoming more competitive as well as focusing on offering better customer service are also adding market growth. The region is likely to experience extensive growth opportunities in the upcoming years.

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COVID-19 Impact on the Global Emotion Analytics Market
Many people have displayed anguish due to the COVID-19 scenario as this crisis has taken an emotional toll. Thus as people are not capable of engaging in social connection, most people are depending on social media for expressing their sentiments. This provides sellers the opportunity of showcasing their wares. For instance Sociometrica and Expert System employ text analytics across social media for tracking the overall mood and emotions of people. The AI system of Expert System collects emotions from every published text that Sociometrica then analyzes as well as interprets.

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Competitive Landscape
The global emotion analytics market is fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, & new product launches and more.

Related Reports:
Global Learning Analytics Market Research Report, By Tools (Predictive Analytics, Content Analytics, Adaptive Learning Analytics, And Others), By Deployment (On-Premises And On Cloud), By Service, And By End-Users – Forecast Till 2027

Video Content Analytics Market Research Report: Information By Type (Solution and Service), Deployment (On-Premise and On-Cloud), Architecture (Server-Based and Edge-Based), Application (Incident Detection, Intrusion Management, Automatic Number Plate Recognition (ANPR), Facial Recognition, Traffic Monitoring, Crowd Management and others), Vertical (BFSI, Retail, Healthcare, Transportation and Logistics, Government, Manufacturing, Hospitality and Entertainment and others) – Forecast till 2027

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

Basware Makes Waves as a Leader in Accounts Payable Invoice Automation

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New analyst report recognizes Basware capabilities with the highest scores possible in the Exception Handling, Fraud and Risk Management, and Tax Compliance and Operations criteria.
CHARLOTTE, N.C., July 8, 2024 /PRNewswire/ — Basware, a global leader in AP automation and invoice processing, has been recognized as ‘a Leader’ in The Forrester Wave™: Accounts Payable Invoice Automation, Q3 2024.

CFOs, business leaders and AP (accounts payable) professionals have long sought automated invoice processes. But only recently, with the advent of AI, has there been a significant shift in the space. Companies must offer superior AI capabilities, greater automation, and more comprehensive insights into financial and cash data to attract new customers and retain existing ones.
According to the Forrester report, Basware was named as a leader in its 31-criterion evaluation. The company received the highest scores possible across 16 criteria, including Exception Handling, Fraud and Risk Management, and Tax Compliance and Operations.
The Forrester Wave™ report states:
“Basware heads the pack with a laser focus on automating the last mile of AP processes. As the largest specialist provider of APIA [Accounts Payable Invoice Automation] software, Basware has established itself as an APIA powerhouse with customer obsession, practical innovation, and solid execution. Its pragmatic product roadmap addresses critical client pain points related to compliance and fraud management.”
AP teams have been battling against external forces in recent years, such as macro-economic headwinds, the supply chain crunch, labor market shortages and expanding regulations, putting the squeeze on resources. To alleviate pressures, AP professionals need access to cost and time effective technologies that can manage increasingly complex business operations, support customers and always remain compliant with global regulations.
Nish Makwana, Finance Manager at Specsavers (customer of Basware), commented:  
“Being recognized as a leader in the Forrester report confirms the outstanding performance we’ve experienced as a customer of Basware’s AP automation and Statement Matching solutions.”
In recent months, Basware has furthered its commitment to innovation and delivering value to customers and the industry by:
Partnering with Deloitte to remove manual invoice processing and accelerate finance transformationAcquiring UK-based AP Matching to boost statement reconciliationLaunching AP Protect to help protect organizations from the threat of invoice errors and fraud using AIJason Kurtz, CEO at Basware, commented:
“AP teams are tasked with managing thousands of invoices and payments every week, often putting a strain on resources and pushing them to balance speed with compliance. The answer to this challenge? Unified end-to-end APIA solutions. The industry has been calling for enhanced automated solutions to support AP departments, and we’re helping our customers save time and money, while remaining compliant with ever-changing global regulations. We believe that being named a leader sets us apart from our competitors. But we’re just getting started, and the best is yet to come.”
In 2023, Basware experienced one of its most successful financial years in its almost 40-year history. It expanded its market presence and added over 300 customers to its global portfolio of over 1000+ AP customers. During that period, Basware handled over 200 million invoices and $900 billion in invoice spend through its platform.
About Basware
Basware is how finance leaders in global enterprises can finally automate their complex, labor-intensive invoice processes and stay compliant with regulatory change. Our AP automation and invoicing platform helps you achieve a new level of efficiency – in a matter of months – while reducing errors and risks. We bring a unique combination of true automation, complete coverage, and deeper expertise to make it all just happen for our customers. That’s why the world’s most efficient AP departments at thousands of companies rely on Basware to handle over 220 million invoices per year. Basware. Now it all just happens.™
For more information visit: https://www.basware.com/en/
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Cato Networks Named a Leader in the 2024 Gartner Magic Quadrant for Single-Vendor SASE

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Cato SASE Cloud Platform continues to shape the enterprise security market
TEL AVIV, Israel, July 8, 2024 /PRNewswire/ — Cato Networks, the SASE leader, today announced that Gartner, Inc. has recognized the company as a Leader in the 2024 Gartner® Magic Quadrant™ for Single-Vendor SASE.

“Cato’s true SASE platform is the antidote to IT complexity that persists in the face of ongoing so-called ‘platformization’ efforts,” said Shlomo Kramer, co-founder and CEO at Cato Networks. “Cato pioneered the SASE market and is shaping its future with best-in-class customer experience and a train of innovations that deliver on SASE’s promise.”
Built from its inception to be a platform, the Cato SASE Cloud combines operational excellence and an elegant customer experience. Cato’s autonomous cloud service offloads IT from the grunt work of extending, upgrading, patching, and scaling security infrastructure while sustaining resiliency and availability. “Platformization” is a portfolio approach to SASE and attempts to integrate multiple acquired products with differing code bases, form factors, policy engines, and data lakes into a single platform – an impossible task that is apparent to anyone familiar with the two approaches.
“We believe this Gartner recognition reflects what our customers experience with Cato every day,” continued Kramer.
As of July 3, 2024, on Gartner Peer Insights™, the Cato SASE Cloud Platform had an overall rating of 4.7 out of 5 for single-vendor SASE and 183 verified reviews – more than 10x of any Leader in the single-vendor SASE Magic Quadrant.
Cato Expands the Scope of Single-Vendor SASE
Gartner defines single-vendor secure access service edge (SASE) offerings as those that deliver multiple converged-network and security-as-a-service capabilities, such as software-defined WAN, secure web gateway, cloud access security broker, network firewalling and zero trust network access. These offerings use a cloud-centric architecture and are delivered by one vendor.1
The Cato SASE Cloud Platform extends beyond the original definition of SASE to deliver world-class performance and empower IT teams to eliminate threats and troubleshoot network incidents faster. Cato owns and manages the global cloud network, delivering an exceptional SASE experience to any enterprise worldwide. Functionally, Cato extends beyond threat prevention of the original SASE scope with SASE-managed endpoint protection (EPP/EDR) and SASE-based extended detection and response (XDR), the first AI-driven networking and security incident detection and response platform.
To experience Cato yourself, visit us at https://www.catonetworks.com.
1Gartner, Magic Quadrant for Single-Vendor SASE, Andrew Lerner, Jonathan Forest, Neil McDonald, Charlie Winckless, 3 July 2024
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant and PEER INSIGHTS are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.
Resources
Read the Cato blog, “With Great Leadership Comes Great Responsibility”Picture of Shlomo KramerCato Networks’ LogoAbout Cato NetworksCato Networks is the SASE leader, delivering enterprise security and networking in a single cloud platform. With Cato, organizations replace costly and rigid legacy infrastructure with an open and modular SASE architecture based on SD-WAN, a purpose-built global cloud network, and an embedded cloud-native security stack.
Want to learn why thousands of organizations secure their future with Cato? Visit us at www.catonetworks.com.

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Sinch Launches Omnichannel Connector on Salesforce AppExchange

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Expanding Messaging Capabilities for Businesses
SAN FRANCISCO and STOCKHOLM, July 8, 2024 /PRNewswire/ — Sinch (Sinch AB (publ) – XSTO: SINCH), which is pioneering the way the world communicates through its Customer Communications Cloud, today introduced the Sinch Omnichannel Connector on Salesforce AppExchange.  This innovative solution enhances conversational marketing opportunities and customer experiences by offering Salesforce Marketing Cloud customers advanced one-way and two-way messaging capabilities.  The solution is now available on Salesforce AppExchange.

The Sinch Omnichannel Connector seamlessly integrates with the Salesforce ecosystem, empowering businesses to elevate their marketing strategies by reaching and engaging customers across their preferred channels. This new offering expands the reach of Salesforce Marketing Cloud platform features, providing a comprehensive suite of omnichannel messaging capabilities. Businesses can now connect with customers through one-way and two-way messaging across 13 diverse channels, including platforms like RCS, Kakao Talk, Viper, and Instagram.  This expands Salesforce’s native channels of SMS, MMS, Email, WhatsApp, and LINE, providing a comprehensive communication solution. 
“With the Sinch Omnichannel Connector, businesses can enhance their customer communications, personalize engagements, and maximize the return on their marketing investments,” said Jonathan Campbell, Senior Director, Messaging Products at Sinch.  “Salesforce Marketing Cloud users can now leverage a broader spectrum of messaging channels through Sinch, beyond those directly supported by Salesforce, to optimize their marketing strategies and elevate customer engagement.”
 To get started, Salesforce Marketing Cloud users simply need to have an existing account and onboard the Conversation API through the Sinch Dashboard. From there, they can easily activate the channels of their choice, tailoring their messaging strategy to suit their unique business needs.
Sinch has partnered with Salesforce since 2014 when Salesforce expanded its SMS offering into international markets. Sinch is a strategic supplier for Salesforce’s global SMS delivery and provides enterprise-grade messaging solutions that support Salesforce and its global customer base.
For more information visit Sinch Omnichannel Connector
Salesforce, AppExchange, Marketing Cloud and others are among the trademarks of Salesforce, Inc.
CONTACT:
For further information, please contact:
Janet LennonDirector of Global Communications [email protected]
This information was brought to you by Cision http://news.cision.com
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