Gesture Recognition Market By Existing Services, Growing Demand, Top Industries, Size and Share, Forecast| Impact of COVID-19
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.
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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.
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