Report ID: UCMIG45E2076
Report ID:
UCMIG45E2076 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The size of the gesture recognition market was USD 17.29 billion in 2022, and it is expected to grow at a CAGR of 18.8% from 2023 to 2030. The market is expected to benefit from various factors, including increasing per capita incomes, technological advancements, and digitization across industries like automotive, consumer electronics, and healthcare. The rising use of consumer electronics, the implementation of the Internet of Things (IoT), and the need for convenience and comfort in product usage are also contributing to the growth of the market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG45E2076