Global Gesture Recognition Market Driven by the Integration of Innovative Technologies

 

Market Highlights

Market Research Future (MRFR), in its recently published research report, asserts that the global gesture recognition market 2020 is expected to grow exponentially over the review period, recording a substantial market valuation of USD 26.94 billion and a healthy 27.58% CAGR in the forecast period 2020-2030.

Drivers and Restraints

Gesture recognition is the conversion, using a mathematical algorithm, of a hominid gesture or signal to order. In the absence of any physical devices, it enables any individual to interrelate with the computer as an input mechanism for performing desired actions within a program. The technology interprets human expressions and motions, such as hands, fingers, back, head or whole body movement. It helps users to only use their gestures to operate and monitor devices. It is projected to expand due to increased per capita income, increased technological advances and burgeoning digitization across numerous industries such as automotive, consumer electronics, and healthcare. The increasing usage of consumer electronics, the increasing introduction of the Internet of Things (IoT), and the rising need for comfort and convenience in product usage also provide an upthrust to the industry. Lower installation costs and improved user experience in different applications drive the Gesture Recognition industry primarily. The development is fueled by the introduction of gesture recognition technology in smart phones and automotive equipment.

Nonetheless, lack of knowledge among end users and complex manufacturing environment hinder market growth across all major regions.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5244

Segmentation:

The global gesture recognition market is analyzed on the basis of product, technology, application and region.

On the basis of technology the gesture recognition market is segmented into 2D gesture technology, sensors, and 3D gesture technology. Based on technology, the global market for gesture recognition is led by sensor technology, while the 3D technology segment is poised to grow with the fastest CAGR of 30.65% over the review period.

By the product, the market is bifurcated into touch less and touch based system. Based on product, the global market for gesture recognition is led by the touch-based product type, whereas the touchless product is projected to grow with the fastest CAGR of 32.42% during the forecast period. 

The gesture recognition technology is having comprehensive area of applications such as automotive, healthcare, consumer electronics, transportation, IT, commercial, telecom and many more. Based on application, the global market for gesture recognition is led by the consumer electronics segment and also projected to grow with the fastest CAGR of 30.37% over the forecast period. 

Regional Analysis

The geographical overview of the global market has been analyzed in four major regions, including North America, the Asia Pacific, Europe, and the rest of the world (Latin America, the Middle East and Africa). 

In terms of sales, the Asia Pacific region dominated the gesture recognition market in 2016, and is anticipated to rise significantly over the forecast period. Over the review period, Asia-Pacific is expected to grow at the highest CAGR of 30.28 per cent. Demand growth in the area is driven by the global technological developments and early adoption of gesture recognition technology. With the rapidly increasing acceptance of touchless biometric products, the Asia-Pacific region is expected to hold the largest share of revenues in the future. Companies take partnering approaches to reach untapped markets and product developments.

The global gesture recognition market at present is led by North American and European countries on account of higher safety and hygiene concerns. North America was assessed as the largest market share of 38.55% in 2016, with a market share of USD 1.85 billion, the market is anticipated to register 26.76% CAGR during the forecast period.

Competitive Analysis

The major market players operating in the global market as identified by MRFR are Microsoft Corporation (US), Intel Corporation (US), Iris guard (UK), Apple Inc. (US), Qualcomm Incorporated (US), Omron Corporation (Japan), Texas Instruments (US), SoftKinetic Inc. (Belgium), and Infineon Technologies AG (Germany).

Browse Complete Report @ https://www.marketresearchfuture.com/reports/gesture-recognition-market-5244

 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our 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 to answer all their most important questions.

Contact:                                                                                     

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Mobile banking market size to reach USD 3.47 billion, with an 15.4% CAGR by 2030

  The Mobile banking market size 3.47 Billion Expected to CAGR 15.4% during the period from 2020-2030. Mobile Banking   industry is a service provided by a bank or other financial institutions and allows users to conduct financial transactions remotely using a mobile device. The devices such as smartphones or tablets are used for mobile banking, primarily for transferring money from one account to another and depositing a check by taking a picture. These are prominently provided features for mobile banking in the market. Moreover, it typically operates across applications developed for iPhone, Android, or other device platforms. Moreover, mobile banking is conducted with the availability of an internet or data connection to the mobile device. Depending on the feature provided in applications, the products and services included in mobile banking provide account balances and lists of the latest transactions, remote check deposits, funds transferred between beneficiary accounts...
Read more

Telecom Expense Management Market is Projected to reach up to US$ 5.5 Billion with 18% CAGR by 2027

  Market Synopsis  As per the recent study by Market Research Future Reports (MRFR), the global telecom expense management market is Projected to reach up to US$ 5.5 Billion with 18% CAGR by 2027. The amplified demand for mobile applications is the most substantial element driving the global telecom expense management market 2021. The ascending popularity and the fast adoption of mobile devices is another essential factor leading to the growth of market. Besides, the increasing adoption of cloud-based techniques is estimated to make a significant contribution which prospers the market with handsome revenue generation. Moreover, the increasing demand for portable equipment and the evolution in telecom expense management is likely to augment the global market size. In addition, there is a lofty scope of progress in developing countries, which is estimated to grow the market size. Furthermore, the growing demand for telecom expense management across several industries like ret...
Read more

Encryption software market report-forecast represents that the estimated market value of 13 billion by 2030

  Encryption software signifies the set of instruction-based software that implements the cryptography technique to inhibit unauthorized access to digital information. Encryption process follows the processed information is transferred through a series of mathematical operations and creates the alternate form of that data, these series of processes is known as algorithm. The increasing cyber-attacks and surging demand for high level of security system in order to safeguard the confidential data are expected to drive the market over the forecast period. Additionally, rising adoption of bring your own devices (BYOD) in advanced economies are expected to drive the market over the review period. On the other hand, high implementation cost and lack of awareness are expected to Encryption Software Market forecast represents that the estimated market value of 13 billion at a CAGR 16.40% by the year 2030. Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/3125 ...
Read more