Gesture Recognition Market to Cross USD 23.55 Billion by 2023, at a CAGR of 27.9% | Gesturetek, Intel, Microsoft, Elliptic Laboratories a/s, Sony, Thalmic Labs, Fibar Group SA

Marketprognosis.com Publish a New Market Research Report On “Global Gesture Recognition Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Gesture Recognition Market:

The Global Gesture Recognition Market was valued at USD 5.42 Billion and expected to reach USD 23.55 Billion in 2023 at a CAGR of 27.9% over the forecast period. Gesture recognition, along with voice recognition, facial recognition, lip movement, and eye tracking recognition, is a component of perceptual user interface (PUI). The goal of PUI is to improve the efficiency and ease of use, for the underlying design of a program. Gesture recognition is an important aspect of smartphones. Consumer awareness has led to an increasing demand for better and advanced technology, for efficient usage.

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Gesture recognition is being used in smart phones, personal computers, and gaming devices. In smartphones, it is used in different ways by different OEMs. For example, Motorola uses gesture recognition for some devices in such a way that when a hand is waved on top of the screen, the screen becomes active, or the camera app starts functioning at a double twist. Lenovo, the parent company of Motorola, uses the software in a different way, and double tapping the phone screen makes the display active.

Technological advancements have enabled several major companies in the media & entertainment industry to explore the technology of gesture recognition, offering a platform to develop interactive and unique technologies. Such developments have paved the way for a whole new world of gaming, for various types of gamers worldwide. Microsoft and Sony are two key companies which introduced their gesture recognition products, called the Kinect for Xbox One and PlayStation Move, through which motion games (such as Kinect Sports Rivals) can be played. Owing to this technology, many organizations, game developers, and third-party app developers have started developing games or apps that can support the technology, indirectly boosting the growth of this market.

North America Dominating the Market; Owing to the increasing adoption of the technology in various industries, such as media & entertainment, healthcare, and others, North America has been the major contributor toward the revenue generated by the global market, during the last few years. The demand for the technology in this region is expected to witness a healthy growth during the forecast period. The United States is one of the largest markets for the media & entertainment industry. Many major companies that make use of the technology are based out of the United States, like Microsoft, whose product, the Microsoft HoloLens, is a breakthrough in the mixed reality technology. The HoloLens relies heavily on the implementation of gesture recognition.

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Major Key Players:

1 Gesturetek Inc.

2 Intel Corporation

3 Microsoft Corporation

4 Elliptic Laboratories a/s

5 Sony Corporation

6 Leap Motion Incorporation

7 Microchip Technology Incorporated

8 Thalmic Labs Inc

9 Fibar Group S.a.

10 Pyreos Limited and More………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Gesture Recognition Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global Gesture Recognition Market - Segmentation

6 Competitive Intelligence Company Profiles

7 Investment Analysis

8 Outlook of the Advanced Authentication Market in the Financial Service Industry

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