Press release
Gesture Recognition Market Report 2023-2032: Market Size, Growth Drivers And Key Trends
Gesture Recognition
The Business Research Company's Gesture Recognition Global Market Report 2023 identifies growing digitalization as the major driver for the Gesture Recognition market's growth in the forecast period. 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 global gesture recognition market size will grow 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 market size of the gesture recognition is expected to grow to $46.27 billion in 2027 at a CAGR of 23.1%.
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Major competitors in the Gesture Recognition market are Apple, Cognitec Systems, Intel Corporation, Microchip Technology, Qualcomm.
A key trend in the Gesture Recognition market includes technological advancement. Major companies operating in the gesture recognition market are focused on developing new technological solutions to meet consumer demand and strengthen their position. In December 2020, LamasaTech, an England-based interactive touch screen technology has launched VisiPoint, a gesture recognition platform designed for visitor and employee sign-in with temperature screening.
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The Gesture Recognition market is segmented -
• By Type: Online Gesture, Offline Gesture
• By Technology: Touch-Based, Touchless
• By Authentication Type: Finger Print Recognition, Face Recognition, Vision And IRIS Recognition, Hand And Leg Recognition
• 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.
The Business Research Company's "Global Gesture Recognition Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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