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Emotion Detection and Recognition (EDR) Market worth $43.29 billion by 2031 | Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., June 30, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Emotion Detection and Recognition (EDR) Market is projected to grow from USD 29.14 billion in 2026 to USD 43.29 billion by 2031 at a Compound Annual Growth Rate (CAGR) of 8.2% during the forecast period.

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Emotion Detection and Recognition (EDR) Market Size & Forecast:

Market Size Available for Years: 2020–20312025 Market Size: USD 26.76 billion2026 Market Size: USD 29.14 billion2031 Projected Market Size: USD 43.29 billionCAGR (2026–2031): 8.2%

Emotion Detection and Recognition (EDR) Market Trends & Insights:

The growing availability of pre-trained emotion recognition models is driving adoption in the emotional detection and recognition market, as it reduces development complexity and accelerates deployment.By offering, the solutions segment is expected to dominate the market, accounting for the largest market share of 76.6% in 2026.By deployment mode, the cloud segment is expected to have the highest growth rate of 10.3% during the forecast period.By data modality, the visual data segment is expected to dominate the market, accounting for the largest market share of 35.7% in 2026.By vertical, the automotive segment will grow the fastest during the forecast period, with the highest CAGR of 15.7%.The North American Emotion Detection and Recognition Market accounted for the largest market share of 36.9% in 2026.

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The growing availability of pre-trained emotion recognition models is driving adoption in the emotional detection and recognition market, as it reduces development complexity and accelerates deployment. Organizations can leverage ready-to-use models for facial, voice, and text-based emotion analysis, minimizing the need for extensive data collection and training. This enables faster integration into applications, lowers costs, and supports scalability across enterprise and consumer use cases.

By application, the consumer experience analytics segment is estimated to lead the market.

Consumer experience analytics accounts for the largest share of the EDR Market due to the widespread adoption of emotion AI across customer service, contact centers, digital engagement platforms, and customer journey management solutions. Organizations are increasingly leveraging emotion recognition technologies to analyze customer sentiment, measure satisfaction levels, and gain deeper behavioral insights across voice, text, video, and digital interactions. The growing use of conversational AI, speech analytics, and customer intelligence platforms, coupled with increasing investments in personalized customer engagement strategies, continues to drive adoption. Leading vendors such as NICE, Genesys, Verint, Qualtrics, and CallMiner have further strengthened the commercial adoption of emotion analytics, making consumer experience analytics the primary revenue-generating application area within the EDR Market.

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By solution, emotion recognition APIs & SDKs are expected to register the highest CAGR during the forecast period.

The emotion recognition APIs & SDKs segment is gaining momentum as organizations increasingly seek flexible and scalable ways to integrate emotion intelligence capabilities into existing applications and digital platforms. APIs and SDKs enable developers to embed speech emotion recognition, sentiment analysis, facial expression analysis, and multimodal emotion detection functionalities without investing in the development of proprietary emotion AI models. The growing adoption of conversational AI, virtual assistants, customer engagement platforms, healthcare applications, and intelligent automotive systems is further accelerating demand for these solutions. In addition, APIs and SDKs support faster deployment, easier customization, and seamless integration with cloud environments, making them particularly attractive for enterprises seeking to incorporate emotion-aware capabilities into customer-facing and operational workflows while reducing implementation complexity and development costs.

By region, Asia Pacific to register highest CAGR during forecast period.

Asia Pacific is expected to be the fastest-growing region in the Emotion Detection and Recognition (EDR) market, supported by the rapid commercialization of emotion-aware technologies across automotive, customer experience, and public safety applications. Countries such as Japan and South Korea are accelerating the deployment of driver monitoring and occupant sensing systems through strong automotive manufacturing ecosystems, while India’s large contact center and business process outsourcing industry is driving the adoption of speech emotion analytics and customer sentiment solutions. China continues to invest heavily in smart city initiatives, intelligent transportation systems, and AI-enabled public services, creating additional opportunities for emotion recognition technologies. The region also benefits from a large digital consumer base, increasing enterprise AI adoption, expanding cloud infrastructure, and growing investments in human-machine interaction technologies. Furthermore, the presence of major electronics manufacturers, automotive OEMs, and emerging AI startups is accelerating innovation and deployment across multiple end-use industries, positioning the Asia Pacific as a key growth engine for the global EDR Market.

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Top Companies Emotion Detection and Recognition (EDR) Market:

The Top Companies in Emotion Detection and Recognition Market include Microsoft (US), AWS (US), Oracle (US), NiCE (Israel), Salesforce (US), Google (US), Qualtrics (US), Bosch (Germany), NEC (Japan), Genesys (US), IBM (US), Nemesysco (Israel), Smart Eye (Sweden), Uniphore (US), CallMiner (US), audEERING (Germany), Tobii (Sweden), Seeing Machines (Australia), Medallia (US), Sprinklr (US), Verint (US), Realeyes (UK), Observe.AI (US), Entropik (India), Behavioral Signals (US), Kairos (US), Noldus (Netherlands), Cognovi Labs (US), Cerence (US), MorphCast (Italy), Hume AI (US), and Vern AI (US).

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West Monroe Named “Overall AI Consulting Firm of the Year” in 2026 Artificial Intelligence Breakthrough Awards Program

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Recognition underscores West Monroe’s position as a market leader redefining consulting for the AI era through AI-native delivery and execution

CHICAGO, June 30, 2026 /PRNewswire/ — West Monroe, an AI-native global consulting firm, today announced it has been named “Overall AI Consulting Firm of the Year” in the 2026 Artificial Intelligence Breakthrough Awards program.

The designation is a culmination of West Monroe’s recent investments and innovations to become an AI-native firm, including the launch of WestMonroe.ai, its public platform of AI-powered strategy agents; Clonal™, its operational intelligence platform; and an internal AI Store where employees can access 450+ AI solutions. As AI reshapes work across every industry and expectations of professional services partners continue to evolve, West Monroe has transformed itself into an AI-native firm—embedding AI into how it works, delivers, and makes decisions—so it can help clients move faster, learn faster, and create value with greater confidence based on firsthand experience.

“We’re honored to be recognized by AI Breakthrough as Overall AI Consulting Firm of the Year, especially at a moment when AI is fundamentally reshaping both business and consulting,” said Bret Greenstein, Chief AI Officer at West Monroe. “This award reflects the intentional investments we’ve made in reimagining consulting through an AI-native lens, experience that directly translates to client advisory and delivery. The firms that create the most value in the AI era will be those that have transformed their own organizations and can bring that firsthand experience to clients. That’s why we’ve consistently raised the bar for ourselves, embedding AI across how we operate, and transforming how we work so we can advise from a position of real-world execution, not just theory.”

West Monroe has spent the last several years integrating AI into its strategy, delivery, workforce, and operations. These investments and achievements have already earned the firm significant recognition in 2026, including the only Gold Stevie® Award for AI-Driven Culture of Innovation across all companies, a Bronze Stevie® Award for Chief AI Officer of the Year awarded to Bret Greenstein, a Top Management Consulting Firm of the Year by Forbes in the highly sought after Artificial Intelligence category.

“West Monroe possesses everything you need under one roof and puts it into practice,” said Steve Johansson, Managing Director at AI Breakthrough. “AI capabilities are evolving weekly and delays quickly erode value. However, companies are realizing that AI transformation is more than deploying LLM tooling or giving employees access to the latest frontier models and a workflow tool. West Monroe is redefining what it means to be an AI services provider, integrating strategy, implementation, workforce enablement, and governance into a single delivery model to enable teams to move at speed and deliver real business impact. Clients benefit from solutions that are proven in practice, not just designed in theory.”

For nearly a decade, the AI Breakthrough Awards have recognized important advancements in artificial intelligence across categories including agentic AI, generative AI, computer vision, AIOps, robotics, natural language processing, and industry-specific AI applications. AI Breakthrough is a leading market intelligence organization that recognizes the top companies, technologies, and products in the global artificial intelligence market, and received more than 5,000 nominations from over 20 countries across its 2026 awards program. Winners in this year’s program included market leaders such as NVIDIA, Snowflake, Dell Technologies, HP, and Qualcomm.

To learn more about West Monroe’s AI capabilities, visit https://www.westmonroe.com/ai.

About West Monroe

West Monroe is an AI-native global consulting firm built for today’s pace of change. We combine deep industry expertise with modern technology and business transformation capabilities to help organizations move faster and deliver measurable impact with speed to value and certainty of results through execution excellence. We don’t just talk about what’s possible—we apply AI and technology where it matters most, pairing strategic insights with hands-on execution to help clients move from strategy to results, faster.

Clients tell us we show up differently. Our employee ownership model fuels an all-in approach grounded in practical execution, measurable impact, and lasting partnership. That commitment has earned recognition from Forbes and Business Insider and made West Monroe one of only 22 companies recognized worldwide for building high-quality careers.

See what’s possible at westmonroe.com.

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Christina Galoozis
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Binance Expands Triparty Banking Network with Anchorage Digital’s Atlas Integration

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Binance is the first crypto exchange to partner Anchorage Digital’s Off-Exchange Settlement, eligible institutional clients gain another custody-separated pathway to access Binance liquidity

ABU DHABI, UAE, June 30, 2026 /PRNewswire/ — Binance today announced an integration with Anchorage Digital, a global crypto bank and platform that enables institutions to participate in digital assets, expanding Binance‘s Triparty Banking network and marking the first exchange integration within Anchorage Digital’s Atlas institutional settlement platform. The integration gives eligible institutional and professional clients another banking partner to manage collateral, custody, and exchange access through a custody-separated model while accessing Binance liquidity seamlessly.

As institutional participation in digital assets grows, professional investors increasingly expect market structure that more closely reflects traditional finance standards, where custody and execution are structurally separated. Because digital asset market infrastructure is still maturing, institutions have historically often had to pre-fund exchange accounts, creating operational and counterparty considerations. For firms operating under strict risk, custody, and fiduciary mandates, this has been a structural barrier to participation at scale.

Binance was the first digital assets exchange to pilot triparty banking in 2023 and has continued to grow its network of banking partners and expand institutional settlement options to help clients access liquidity while maintaining greater control over collateral and custody. Through this integration with Anchorage Digital’s Off-Exchange Settlement, powered by Atlas, eligible institutions now have another banking option to maintain independent custody of their pledged cash and crypto collateral while trading on Binance.

Binance has continued to expand institutional-grade infrastructure that helps professional traders access crypto markets more securely and efficiently. Working with Anchorage Digital on off-exchange settlement gives eligible institutional clients another way to access Binance liquidity while managing custody and collateral through a model that is more familiar to traditional financial markets,” said Catherine Chen, Head of VIP & Institutional at Binance.

“Institutions need crypto market structure that reflects the standards they already rely on in traditional finance. Off-Exchange Settlement, powered by Atlas, is designed to separate custody from execution, helping institutions access exchange liquidity while keeping assets in secure custody. By working with Binance, we’re bringing that model to the world’s largest crypto exchange by trading volume,” said Nathan McCauley, Co-Founder and CEO of Anchorage Digital.

Binance Banking Triparty supports institutional workflows across trading, settlement, lending, collateral management, and other capital markets use cases. Subject to eligibility and availability, it also enables collateral management across cash and cash equivalents, crypto assets, and select tokenized real-world assets, including money market funds such as BlackRock’s BUIDL, Circle’s USYC, and Franklin Templeton’s iBENJI, helping institutions manage their trading margin with greater capital efficiency.

Find out more about Binance Banking Triparty here: https://www.binance.com/en/triparty

Disclaimer
This announcement is for general information only. Binance does not onboard or service U.S. persons. Digital asset prices are subject to high market risk and price volatility. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.

About Binance
Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 310 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com.

About Anchorage Digital‍
Anchorage Digital is a global crypto platform that enables institutions to participate in digital assets through trading, staking, custody, governance, settlement, stablecoin issuance, and the industry’s leading security infrastructure. Home to Anchorage Digital Bank N.A., the first federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, which is licensed by the Monetary Authority of Singapore; Anchorage Digital NY, which holds a BitLicense from the New York Department of Financial Services; and self-custody wallet Porto by Anchorage Digital. Anchorage Digital Bank also offers fiat custody services through the use of an FDIC-insured, licensed sub-custodian. Anchorage Digital is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with a valuation of $4.2 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.

 

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Pyka Executes Autonomous Airdrop Resupply and Casualty Evacuation Missions at U.S. Army Reserve CSTX Exercise

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ALAMEDA, Calif., June 30, 2026 /PRNewswire/ — Pyka successfully demonstrated its autonomous cargo aircraft, DropShip, during the U.S. Army Reserve’s Combat Support Training Exercise (CSTX), showcasing how autonomous aviation can support logistics and sustainment missions in austere operational environments.

 

As part of the Army Reserve’s technology insertion effort within Operation Sentinel Justice, Pyka conducted a series of live operational exercises designed to evaluate emerging capabilities against real-world military logistics challenges.

During the exercise, DropShip executed multiple live aerial resupply missions, including a 20-mile autonomous flight from Gulfport to Diamondhead followed by a 200 pound precision airdrop. The aircraft also showcased its ability to operate from unimproved landing areas, successfully landing on a grass runway and validating its suitability for expeditionary, runway-independent operations.

In addition to resupply missions, Pyka collaborated with Army soldiers in a demonstrative casualty evacuation scenario, highlighting the potential for DropShip to support medical logistics and personnel extraction operations in contested and challenging environments.

“Army Reserve leaders have been clear about the autonomous, runway-independent aircraft to support critical operations in austere environments,” said Michael Norcia, CEO/CTO and Co-Founder at Pyka. “CSTX provided an outstanding opportunity to showcase how DropShip can help close logistics gaps, extend operational reach, and increase the resilience of sustainment operations.”

The missions were conducted in collaboration with Army Reserve personnel who are evaluating technologies capable of delivering essential payloads in contested environments. With a payload capacity of up to 550 pounds and a range of up to 3,500 miles, DropShip is designed to transport critical supplies to locations that are inaccessible and impractical for legacy aircraft.

Pyka’s participation in CSTX highlights the company’s commitment to advancing autonomous UAS capabilities for defense, providing commanders with the next-generation platforms required to enhance operational resilience in contested environments.

About Pyka:
Pyka is America’s leading manufacturer of dual-use heavy-lift autonomous aircraft. Pyka’s aircraft are in commercial operation globally with customers across agriculture, logistics and defense. The company’s technologies are designed for demanding, real-world environments and proven to enhance safety, efficiency, and reliability in critical missions worldwide.

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