Gesture Recognition Market size was valued at US$ 13.75 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 22.5% through 2021 to 2029, reaching nearly US$ 69.76 Bn.
Gesture Recognition Market Overview
Maximize Market Research a business consulting firm has published a business intelligence report on Gesture Recognition Market. The report covers the in depth analysis of the market and provides the market overview through common subjects that are highlighted with the unique data based on the need. It also helps in determining the future potential of the Gesture Recognition Market in upcoming next few years during the forecast period. The report provides us the dominant market drivers and the restraints and good opportunities as well as challenges.
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Market Scope
The report published emphasizes the micro and the macro market insights of manufacturers, suppliers, distributors, and investors in the global market. The research are conducted on primary and secondary basis which gives the best strategies for investment in the market globally. It focuses on the major key players and dominant regions of the market. It covers the market trends and future insights in terms of demand and supply chain, sales as well as recent changes in economic and political effects on the market.
Segmentation
The market is divided into four categories based on the type of authentication used: hand and leg recognition, face recognition, vision and IRIS recognition, and finger print recognition. A biometric software tool called face recognition compares and analyses patterns based on a person's facial features in order to uniquely identify or confirm that person. Despite growing interest in other uses, the technology is primarily used for security. Face recognition software has drawn a lot of interest because it has a wide range of potential uses in law enforcement and other industries.
The market is divided into Single Touch-Based Systems and Multi Touch Based Systems based on the touch type. Zoom-in, zoom-out, and three-finger screenshots on smartphones all make use of multi-touch gesture recognition. In Windows 10, features like desktop switching and menu navigation can be found on laptop trackpads. Over the next six years, the number of handsets is expected to rise steadily as businesses turn their attention to Asia-Pacific, particularly India, by releasing low-cost, feature-rich smart phones. Manufacturers of smartphones are currently releasing devices with touch-based gesture detection capabilities, such as double-tapping to wake up and go to sleep. Additionally, laptop manufacturers are introducing inexpensive models with touch-based gesture detection, expanding the market for the technology.
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Key Players
• Google Inc.
• Intel Corporation
• Apple Inc.
• Microsoft Corporation
• Gesture Tek, Inc.
• Softkinetic
• Qualcomm Technologies, Inc.
• Movea SA
• Omron Corporation
• Jabil Inc.
• Leap Motion Inc.
• Microchip technology Inc.
• Sony Corporation
• ESPROS Photonics
• Eyesight Technologies Ltd.
• Cognivue
• Elliptic Laboratories A/S
• Cognitec Systems GmbH
• North Inc.
• Crossmatch
Regional Analysis
Gesture Recognition Region dominated the Gesture Recognition market in 2021 and is expected to grow more significantly during the forecasted period. The geographical influence to the market is also undertaken while analysing the market to gain a better perspective and understanding of the market and target audience. The massive growth in the industry coupled with the rising population and the demand in the region is influencing the market growth.
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Key Questions answered in the Gesture Recognition Market Report are:
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Gesture Recognition Market , Gesture Recognition Market Demand , Gesture Recognition Market Business Share
Mar 10, 2023