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Intel Corporation Message Board

  • billy_ray_valentine billy_ray_valentine Apr 19, 2013 12:22 PM Flag

    Gesture Recognition: The Next Big Deal

    Gesture Recognition: The Next Big Deal
    9:50a ET April 19, 2013 (Dow Jones)

    Gesture Recognition: The Next Big Deal

    By Rosemary Okolie
    A DOW JONES BANKING INTELLIGENCE COLUMN

    Earlier this month, reports surfaced that Intel Corp. was in talks to acquire Israeli gesture control and motion tracking software startup Omek Interactive Ltd. Rivals Samsung Electronics Co. Ltd. and Qualcomm Inc. were also said to be considering making an offer for the startup. If industry expectations are anything to go by, a potential acquisition of Omek Interactive could be characteristic of future activity in the sector.
    Indeed, expectations are that gesture recognition technology - specifically, touch-free gesture recognition - will likely begin to feature prominently, as the way consumers interact with devices continues to evolve.
    Janine Kutliroff, Omek's CEO, sees it thus: "Gesture recognition and control are transforming some of the most significant products in our society, from TVs, set-top boxes, game consoles and PCs to a huge variety of industrial devices. And the ability to understand and interpret the movement of human bodies in 3D has huge implications for the entertainment, medical, fitness and automotive industries, among others."
    Gesture recognition in consumer electronic devices is not new. Nintendo Co. Ltd.'s Wii for instance, which has motion sensing capabilities has been around since 2006. Microsoft Corp. followed eventually in 2010 with its Kinect for Xbox, a vision-based gesture recognition system. That market seems set to witness good growth, as use of the technology is increasingly adopted elsewhere.
    According to a report from industry researchers MarketsandMarkets, the broader touchless sensing and gesture recognition market is expected to reach $15 billion by 2018, versus approximately $2 billion in 2012, driven by increasing uptake in several sectors, including healthcare and consumer electronics. Analysts at TechNavio.com also see the gesture recog

    Sentiment: Strong Buy

 
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