[March 13, 2014]

Research and Markets: Global Gesture Recognition Market 2014-2018 with Omek Interactive Ltd., PointGrab Ltd., PrimeSense Ltd. and SoftKinetic Inc. Dominating

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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