|By Business Wire||
|May 6, 2014 05:55 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/43b9pf/global_gesture) has announced the addition of the "Global Gesture Recognition Market 2014-2018: Market is Projected to Grow at a CAGR of 29%" report to their offering.
The Global Gesture Recognition market to grow at a CAGR of 29% to 2018.
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.
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 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.
Further, the report states that despite the presence of several drivers, the vendors in the Global Gesture Recognition market are facing certain challenges. One such challenge is the lack of standardization of gesture movements. For instance, in the application of gesture recognition, a subtle movement of the user's hand could result in the activation of a function that the user did not intend. Therefore, a certain level of standardization is required to ensure the accuracy of gesture recognition in different applications. Thus, this lack of standardization is expected to affect the growth of the Global Gesture Recognition market.
Key vendors dominating this space include:
- Cognitec Systems GmbH
- CogniVue Corp.
- eyeSight Mobile Technologies Ltd.
- GestureTek Technologies Inc.
- Omek Interactive Ltd.
- PointGrab Ltd
- PrimeSense Ltd.
- SoftKinetic Inc.
Other vendors mentioned in the report are:
- Cross Match Technologies Inc.
- Elliptic Labs
- Intel Corp.
- Microchip Technology Inc.
- Pebbles Ltd.
- Pyreos Ltd.
- Qualcomm Inc.
- Thalmic Labs Inc..
Key questions answered in this report:
- What will the market size be in 2018 and what will be the growth rate?
- What are key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by key vendors?
- What are the strengths and weaknesses of each of these key vendors?
For more information visit http://www.researchandmarkets.com/research/43b9pf/global_gesture
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