|[March 13, 2014]
Research and Markets: Global Gesture Recognition Market 2014-2018 with Omek Interactive Ltd., PointGrab Ltd., PrimeSense Ltd. and SoftKinetic Inc. Dominating
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/4nwd35/global_gesture)
has announced the addition of the "Global
Gesture Recognition Market 2014-2018" report to their offering.
The analysts forecast the Global Gesture Recognition market to grow at a
CAGR of 29.2 percent over the period 2013-2018. One of the key factors
contributing to this market growth is the cost-effectiveness of gesture
recognition solutions. The Global Gesture Recognition market has also
been witnessing the increasing number of acquisitions. However, the lack
of standardization of gesture movements could pose a challenge to the
growth of this market.
Key vendors dominating this space include Cognitec Systems GmbH,
CogniVue Corp., eyeSight (News - Alert) Mobile Technologies Ltd., GestureTek
Technologies Inc., Omek Interactive Ltd., PointGrab Ltd, PrimeSense
Ltd., and SoftKinetic Inc.
Other vendors mentioned in the report are Cross Match Technologies Inc.,
Elliptic Labs, Irisguard Inc., Intel (News - Alert) Corp., Microchip Technology Inc.,
Pebbles Ltd., Pyreos Ltd., Qualcomm Inc., and Thalmic Labs Inc.
Commenting on the report, an analyst from the team said: The vendor
landscape of the Global Gesture Recognition market consists of a number
of companies that are involved solely in the development of gesture
recognition technology and devices. A number of companies are already
considering the option of providing gesture recognition technology as
part of their product portfolio. In July 2011, Qualcomm (News - Alert) Inc., a provider
of next-generation mobile technologies, acquired the gesture recognition
assets of GestureTek Technologies Inc. Following this, the technology
was embedded into Qualcomm's Snapdragon processors, thereby helping its
customers develop devices that are gesture recognition-enabled.
According to the report, the growth of the Global Gesture Recognition
market is driven by several drivers, of which the cost-effectiveness of
gesture recognition solutions is very important. Gesture recognition
solutions require only the software and a camera with a sensor for the
recognition process, resulting in their affordable cost. Moreover, as a
result of technological advancements, the costs of these devices are
reducing tremendously. This is encouraging end-users to adopt gesture
recognition technology, thereby contributing to the growth of the market.
For more information visit http://www.researchandmarkets.com/research/4nwd35/global_gesture
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