2D gesture recognition market to increase at a CAGR of 26.4%

The 2D gesture recognition market has been forecast to increase at a compound annual growth rate (CAGR) 26.4% through to 2016, driven by the need for cost-effective gesture recognition solutions, and the increasing number of acquisitions of pure-play gesture recognition technology companies by larger corporations.

One of the major drivers in the market is the need for cost-effective gesture recognition solutions. 2D gesture recognition solutions require only the software and a camera with a sensor. Due to technological advancements, the costs of these devices are reducing tremendously.

This is encouraging end-users to adopt 2D gesture recognition technology, which is supporting the growth of the market.

A standard 2D camera can be used for gesture recognition where the resources/environment would not be convenient for other forms of image-based recognition.

It was originally thought that a single camera may not be as effective as stereo or depth aware cameras, but some companies are challenging this theory.

Software-based gesture recognition technology using a standard 2D camera that can detect robust hand gestures, hand signs, as well as track hands or fingertip at high accuracy has already been embedded in Lenovo's Yoga ultrabooks, Pantech's Vega LTE smartphones, Hisense's Smart TV models, among other devices.

The vendor landscape of the Global 2D 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.

Key players currently dominating the 2D gesture recognition market include Cognitec Systems GmbH, Cognivue Corp., eyeSight Mobile Technologies Ltd., GestureTek Technologies Inc., Omek Interactive Ltd., PointGrab Ltd., and SoftKinetic Inc.

For more information on the 2D gesture recognition market, see the latest research: 2D Gesture Recognition Market

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