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2023 Gesture Recognition Market: Industry Analysis, Size, Share, Growth And Forecast To 2032
Gesture Recognition Market
Gesture Recognition Market Size, Growth Rate, And Forecast
The global gesture recognition market size grew from $16.44 billion in 2022 to $20.14 billion in 2023 at a compound annual growth rate (CAGR) of 22.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The gesture recognition market size is expected to grow to $46.27 billion in 2027 at a CAGR of 23.1%.
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Gesture Recognition Market Drivers
The growing digitalization is propelling the growth of the gesture recognition market. Many companies and organizations are adopting biometrics solutions that help in the digitalization of large processes. Biometrics s a scientific method of identifying a person's gestures by measuring their physical and/or behavioral features that are used for different applications like mobiles, laptops, and screenings. The rise of biometrics is increasing due to businesses realizing the benefits of biometric technologies in terms of security and ease of their operations.
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Gesture Recognition Market Segments
1) By Type: Online Gesture, Offline Gesture
2) By Technology: Touch-Based, Touchless
3) By Authentication Type: Finger Print Recognition, Face Recognition, Vision And IRIS Recognition, Hand And Leg Recognition
4) By Industry: Automotive, Consumer Electronics, Sports, Healthcare, Advertisement And Communication, Aerospace And Defense, Government, Other Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Gesture Recognition Market.
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Gesture Recognition Market Key Players
Major competitors in the Gesture Recognition Market include Apple, Cognitec Systems, Intel Corporation, Microchip Technology, Qualcomm, Synaptics, Google, GestureTek, IrisGuard UK Ltd., PointGrab Ltd., Cipia, HID Global, Ultraleap, iProov Limited, and Oblong Industries
The Business Research Company's "Global Gesture Recognition Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Gesture Recognition Market Include:
1. Executive Summary
2. Gesture Recognition Market Characteristics
3. Gesture Recognition Market Trends And Strategies
4. Gesture Recognition Market - Macro Economic Scenario
5. Gesture Recognition Market Size And Growth
.......
26. Africa Gesture Recognition Market
27. Gesture Recognition Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gesture Recognition Market
29. Gesture Recognition Market Future Outlook and Potential Analysis
30. Appendix
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