USD 88.2 Billion Gesture Recognition Market Reach to by 2031

Posted under: Human-Machine Interaction
Date: 2023-10-09
USD 88.2 Billion Gesture Recognition Market Reach to by 2031

Allied Market Research published a new report titled "The USD 88.2 Billion Gesture Recognition Market Reach to by 2031.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive landscape. The global gesture recognition market was valued at $13.9 billion in 2021 and is projected to reach $88.2 billion by 2031, growing at a CAGR of 20.6% from 2022 to 2031. The growing demand for augmented and virtual reality applications serves as a potential opportunity for the expansion of the global gesture recognition market. The outbreak of the COVID-19 pandemic had a positive impact on the growth of the global gesture recognition market, owing to an increase in the need for contactless interfaces, which remains even after the pandemic situation. The report also provides critical insights into market dynamics.

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