Gesture Recognition is the mathematical representation of human gestures via computing devices. These gestures can be in the form of voice recognition, lip movement, eye tracking, facial recognition and any other body movement. This technology brings a user closer to the device and removes the necessity of using an input device. The demand for this technology is growing steadily, with limited applications manifesting through smartphones and cameras as of now.
The gesture recognition market is expected to grow at a CAGR of 30% for the forecast period. The market is witnessing high growth because of cost-effectiveness but lack of standard industry specific policies may act as a hindrance in its growth.
The factors driving the growth of the gesture recognition market are:
The associated cost effectiveness of the devices used to fulfill the purpose of recognizing different human gestures
The growing number of smartphones, and other similar products.
The factors restraining the growth of gesture recognition market are:
There are still few devices which lack in recording the exact data or are suffering from minor software defects and various technological developments
This little issue with the gesture recognition devices could affect the demand for these very devices in the market.
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