ID: MRFR/ICT/3806-CR | August 2019 | Region: Global | 78 pages
Gesture Recognition Market Overview
Gesture Recognition Market is expected to expand at 27.58% CAGR and is expected to reach at 26.94 billion by the end of forecast period. Gesture recognition is a security feature integrated into systems for providing access to authorized employees. Improvements in sensors and its large scope in adherent to COVID-19 guidelines can drive its demand over the forecast period. Implementation of IoT, proliferation of consumer electronics, and convenience in users are other factors projected to shape the market.
The COVID-19 pandemic has brought forth the necessity of contactless interaction. This has acted as a boon for gesture recognition which has stayed in the recesses of AR/VR and biometric authentication. Development of platform agnostic gesture recognition systems can provide plenty of scope to the market. In addition, the familiar experience of users with AR/VR systems and minimal interactions with displays can expand its application in various verticals. The advertising space can integrate with smartphones for passing on pertinent Ads as well as provide information seamlessly in the digital domain. This is in response to a large volume of smart city projects to be undertaken in various countries.
Global Gesture Recognition Market is dominated by players already invested in AR, VR, and mixed reality spaces. Constant development in machine learning and integration of various sign languages for improving the system are hedges of these players. Acquisitions, collaborations, and agreements are major strategies employed by players for dominating the marketspace.
It is segmented in the following manner:
Frequently Asked Questions (FAQ) :
Global gesture recognition market is projected to grow at approximately 27.58% CAGR during the assessment period (2017-2023).
Rising usage of motion controllers in gaming and increasing awareness about gesture recognition-based gaming consoles & PlayStations are the major tailwinds pushing the growth of the global gesture recognition market.
The consumer electronics is the largest application segment in the global gesture recognition market.
North America holds the largest share in the global gesture recognition market, followed by Europe and the Asia Pacific, respectively.
Intel Corporation (U.S.), NVIDIA Corporation (U.S.), Salesforce (U.S.), Microsoft Corporation (U.S.), Sentient Technologies (U.S.), Google Inc (U.S.), Amazon Web Services (U.S.), IBM Corporation (U.S.), Oracle corporation (U.S.), and SAP SE (Germany) are some of the top players operating in the global gesture recognition market.