Field of emotional content recognition of speech signals has been gaining increasing interest during recent years. Several emotion recognition systems have been constructed by different researchers for recognition of human emotions in spoken utterances. This paper describes speech emotion recognition based on the previous technologies which uses different methods of feature extraction and different classifiers for the emotion recognition are reviewed. The database for the speech emotion recognition system is the emotional speech samples and the features extracted from these speech samples are the energy, pitch, linear prediction cepstrum coefficient (LPCC), Mel frequency cepstrum coefficient (MFCC). Different wavelet decomposition structures can also used for feature vector extraction. The classifiers are used to differentiate emotions such as anger, happiness, sadness, surprise, fear, neutral state, etc. The classification performance is based on extracted features. Conclusions drawn from performance and limitations of speech emotion recognition system based on different methodologies are also discussed.