Technology
Gesture Recognition Solution Market size is set to grow by USD 73.44 billion from 2024-2028, Increasing development of processors supporting gesture recognition boost the market, Technavio
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2 years agoon
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NEW YORK, Aug. 7, 2024 /PRNewswire/ — The global gesture recognition solution market size is estimated to grow by USD 73.44 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 37.91% during the forecast period. Increasing development of processors supporting gesture recognition is driving market growth, with a trend towards increasing priority for tof cameras for gesture recognition. However, low-value addition of gesture recognition feature in electronic devices poses a challenge. Key market players include Alphabet Inc., Apple Inc., Cipia Vision Ltd., Elliptic Laboratories AS, ESPROS Photonics Corp., GestureTek technologies, Infineon Technologies AG, Intel Corp., IrisGuard Ltd., Jabil Inc., Microchip Technology Inc., NVIDIA Corp., OMRON Corp., Qualcomm Inc., Sony Group Corp., STMicroelectronics International N.V., Synaptics Inc., Texas Instruments Inc., Ultraleap Ltd., and Vishay Intertechnology Inc..
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Gesture Recognition Solution Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 37.91%
Market growth 2024-2028
USD 73440.3 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
28.4
Regional analysis
APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution
APAC at 50%
Key countries
US, China, Japan, Germany, and South Korea
Key companies profiled
Alphabet Inc., Apple Inc., Cipia Vision Ltd., Elliptic Laboratories AS, ESPROS Photonics Corp., GestureTek technologies, Infineon Technologies AG, Intel Corp., IrisGuard Ltd., Jabil Inc., Microchip Technology Inc., NVIDIA Corp., OMRON Corp., Qualcomm Inc., Sony Group Corp., STMicroelectronics International N.V., Synaptics Inc., Texas Instruments Inc., Ultraleap Ltd., and Vishay Intertechnology Inc.
Market Driver
Gesture recognition software is integrated with sensors and various types of cameras, including 2D and 3D, in electronic devices to detect air gestures. While 2D cameras can be used, they are less accurate in recognizing motion gestures. The demand for more accurate gesture control and facial recognition features in laptops and smartphones has led manufacturers like HP Development Company, Dell Technologies, and Apple Inc. To incorporate 3D cameras into their products. These 3D cameras can be structured light cameras or stereo cameras, which consume more power and lead to faster battery discharge. To address this issue, Time-of-Flight (ToF) cameras, which consume less power, are being adopted in smartphones. ToF cameras use laser sources for depth sensing and measure the time required for light signals to reflect, enabling them to analyze the depth of an image. With increased accuracy in recognizing motion gestures and less power consumption, the implementation of gesture recognition in electronic devices is expected to provide significant benefits during the forecast period.
The Gesture Recognition Solution market is experiencing significant growth due to the increasing trend of touchless technology in various industries. Retail stores and commercial spaces are adopting touchless gesture recognition for contactless payments and interactive displays. Regulations around touchless interaction are driving the demand for touchless multifactor authentication in banking and security. Robotics and virtual reality are leveraging advanced technologies like 3D vision and AI for touchless gesture recognition. Sensors like ultrasonic and electric field are used for sensing techniques. Smartphones, smart TVs, and smart devices are integrating touchless gesture recognition for user-friendly interfaces. Technical complexity is being addressed with developer support and software components. Touchless capability is also gaining traction in consumer electronics, automotive, and aviation sectors for driver safety and touchless interaction. Touch screens and touch-based technology are complementing touchless systems to offer a seamless user experience. The future of gesture recognition lies in the convergence of various sensing techniques and software algorithms.
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Market Challenges
Gesture recognition technology enables users to interact with electronic devices through motion gestures, making use of 2D cameras for input. However, the market growth for this technology is facing challenges. The increasing popularity of voice recognition technology and the need to conserve power in devices are making gesture recognition a less desirable feature. Additionally, the accuracy of 2D cameras in recognizing gestures leaves room for improvement. As a result, some manufacturers have discontinued offering gesture recognition in their latest product releases, potentially hindering the expansion of the global gesture recognition solution market.The Gesture Recognition Market is experiencing significant growth due to the increasing demand for interactive technologies in various industries. Key challenges include the use of 3D vision technologies and advanced algorithms, such as machine learning and artificial intelligence, to accurately identify human movements. Commercial spaces, airports, and healthcare spaces are major adopters, with applications ranging from interactive displays and kiosks to driver safety systems and medical rehabilitation. Leading vendors provide developer support and hardware components, including cameras, image sensors, and capacitive sensors, to enable seamless integration into consumer electronics like laptops, mouses, and smartphones. The market is also expanding into luxury cars, gaming, and public transportation systems, driven by the need for non-contact, intuitive interfaces and the digitization trend. Per capita incomes and hardware capabilities are key factors influencing market penetration.
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Segment Overview
This gesture recognition solution market report extensively covers market segmentation by
Technology 1.1 Touch-based1.2 TouchlessApplication 2.1 Gaming consoles2.2 Smartphones2.3 Automobiles2.4 PCsGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America
1.1 Touch-based- The gesture recognition market in smartphones is primarily driven by OEMs aiming to integrate advanced technologies into devices for an enhanced user experience. Touch-based gestures are currently the preferred choice, with air gestures having limited value addition due to consumer unfamiliarity. Air gestures are used for limited functions, such as activating options and taking pictures. However, the integration of AI-based 3D gesture recognition technology, like PointGrab’s PointSwitch, offers significant potential. This technology creates a touch-friendly zone, enabling users to control smart TVs and home automation devices with a flick of their finger. As 5G technology becomes more prevalent, gesture control technology promises a touchless user experience, although 3D cameras may still be required for specific features. Overall, the market for gesture recognition solutions in smartphones is expected to grow during the forecast period due to these advancements.
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Learn and explore more about Technavio’s in-depth research reports
The global 3D sensors market is projected to grow significantly, driven by advancements in technology and increasing demand for augmented reality (AR) and virtual reality (VR) applications. As industries like automotive, healthcare, and electronics adopt 3D sensing technology, the market is expected to expand at a robust pace.
Simultaneously, the global battery management integrated circuit (IC) market is witnessing substantial growth due to the rising adoption of electric vehicles (EVs) and renewable energy systems. The increasing need for efficient power management and enhanced battery life is fueling this market’s expansion.
Research Analysis
The Gesture Recognition Solution market is a rapidly growing sector at the intersection of Artificial Intelligence (AI) and Machine Learning (ML), offering user convenience through touchless interaction. This technology utilizes hardware components like cameras and sensors to capture human gestures, which are then processed by software components, including algorithms and embedded systems. The technology is finding applications in various industries such as Virtual Reality, Robotics, Gaming, Consumer Electronics, and Healthcare. Per capita incomes and digitization are key drivers for the market’s growth. In the Consumer Electronics sector, gesture recognition is replacing touch screens, keyboards, and mouses, offering a more intuitive and interactive user experience. The technology’s potential in Healthcare is significant, enabling touchless control of medical equipment and improving patient care. In Virtual Reality and Robotics, gesture recognition enhances the user experience and adds a new dimension to human-computer interaction.
Market Research Overview
The Gesture Recognition Market is a rapidly growing sector driven by advanced technologies such as 3D vision technologies, machine learning (ML), and artificial intelligence (AI). These technologies enable systems to recognize and interpret human gestures, enabling touchless interaction in various industries. Applications include commercial spaces like airports, retail stores, and public transportation systems, as well as consumer electronics such as smartphones, laptops, and smart TVs. Sensing techniques include image sensors, infrared, ultrasonic sensors, and capacitive sensors. Hardware components include cameras, embedded systems, and hardware capabilities. Applications extend to healthcare spaces like hospitals and medical rehabilitation, robotics, driver safety, and security concerns. Regulations play a role in market growth, while technical complexity and cost remain challenges. Leading vendors offer developer support and algorithms for gesture recognition technology, including ML algorithms and mathematical algorithms. Gesture recognition is also used in interactive gaming, luxury cars, and human-computer interaction (HCI) / human-machine interaction (HMI) for touchless multifactor authentication and touchless systems.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TechnologyTouch-basedTouchlessApplicationGaming ConsolesSmartphonesAutomobilesPCsGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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RSPO Launches New Guidance to Leverage Sustainable Palm Oil Certification for IFRS® Sustainability Disclosure Standards
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KUALA LUMPUR, Malaysia, July 23, 2026 /PRNewswire/ — The Roundtable on Sustainable Palm Oil (RSPO) has released a guidance document, “Leveraging RSPO Principles and Criteria for IFRS® Sustainability Disclosure Standards”. This new resource supports certified sustainable palm oil producers to align their sustainability practices with the IFRS S1 and IFRS S2 disclosure standards that serve as the global framework for reporting sustainability-related financial information.
As more than 30 jurisdictions, representing around 60% of global GDP, move towards adoption of the IFRS Sustainability Disclosure Standards (IFRS SDS), companies are increasingly required to disclose how sustainability-related risks and opportunities affect their financial position and prospects.1
This resource provides a practical pathway for palm oil producers to respond to these requirements by leveraging their existing compliance with the RSPO Principles and Criteria (P&C), without duplicating efforts or creating parallel systems.
Informing investor-relevant disclosures: A four-step approach
Certification and the IFRS SDS serve different purposes. This guidance, developed with support from PwC Malaysia, provides a practical bridge between operational sustainability practices and financial disclosure expectations by helping members translate certification-related topics, metrics, and evidence to inform investor-relevant disclosures.
It sets out a four-step approach to IFRS SDS-aligned reporting, guiding RSPO Members on applicability, reporting boundaries, identification of sustainability-related risks and opportunities, and links to financial performance. It also includes seven practical examples, illustrating how the RSPO P&C requirements and implementation evidence can inform disclosures across key sustainability topics, from ethical conduct and legal compliance to environmental protection and worker health and safety.
Beyond growers, the guidance document also supports financial institutions by helping banks, insurers, and investors understand how palm oil sustainability issues, such as labour disputes and traceability gaps, can translate into financial risks, impacts, and opportunities, enabling clearer risk profiling and more informed financing decisions.
Joseph D’ Cruz, RSPO Chief Executive Officer, said: “As sustainability reporting becomes an integral pillar of financial performance, this guidance bridges certification and disclosure, providing RSPO members with a practical framework to demonstrate sustainability performance in ways that resonate with global capital markets. In line with the growing importance of sustainability disclosures in financing and investment decision-making processes, this guidance illustrates how RSPO Principles and Criteria practices can complement an organisation’s strategy and risk assessment processes.”
Andrew Chan, Partner, Sustainability Leader at PwC Malaysia, said: “This guidance responds to the broader shift towards measuring sustainability through a financial lens, with the adoption of the IFRS Sustainability Disclosure Standards (IFRS S1 and IFRS S2). For RSPO growers, this creates an opportunity to demonstrate how sustainability practices contribute to business resilience as well as value creation — building investor confidence for the long term.”
Importantly, the guidance also reflects RSPO’s longer term interest in progressively strengthening linkages with sustainability disclosure frameworks. As disclosure expectations continue to evolve, RSPO intends to further explore how certification-related data metrics and assurance processes can support broader and more integrated sustainability disclosures in the future.
The Guidance Document can be downloaded here.
For more information, visit www.rspo.org
About RSPO:
The Roundtable on Sustainable Palm Oil (RSPO) is a global partnership to make palm oil sustainable. Formed in 2004, the RSPO is a multi-stakeholder non-profit organisation that unites members from across the palm oil value chain, including oil palm producers, palm oil processors and traders, consumer goods manufacturers, retailers, banks and investors, environmental or nature conservation non-governmental organisations (NGOs), and social or developmental NGOs.
As a partnership for progress and positive impact, the RSPO facilitates global change to make the production and consumption of palm oil sustainable. To inspire change, we communicate the environmental and social benefits. To make progress, we catalyse collaboration. To provide assurance, we set the standards of certification.
The RSPO is registered as an international association in Zurich, Switzerland, with main offices in Malaysia and Indonesia, and offices in China, Colombia, Netherlands, United Kingdom and the United States.
About PwC:
At PwC, we help clients build trust and reinvent so they can turn complexity into competitive advantage. We’re a tech-forward, people-empowered network with more than 364,000 people in 136 countries and 137 territories. Across audit and assurance, tax and legal, deals and consulting, we help clients build, accelerate, and sustain momentum. Find out more at www.pwc.com
1
IFRS Foundation, ISSB Podcast February 2025
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SOURCE Roundtable On Sustainable Palm Oil
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Nordic Capital announces agreement to sell ArisGlobal to Dassault Systèmes, following its transformation into a scaled and AI-enabled life sciences platform
Published
32 minutes agoon
July 23, 2026By
WALTHAM, Mass., 23 July 2026 /PRNewswire/ — Nordic Capital today announced that it has entered into a definitive agreement to sell ArisGlobal, a leading provider of software to the life sciences industry, to Dassault Systèmes (Euronext Paris: FR0014003TT8) (Paris: DSY.PA). The transaction represents a full exit for Nordic Capital and marks the successful culmination of a partnership that has transformed ArisGlobal into a scaled, cloud-native and AI-enabled platform serving more than 200 life sciences companies, CROs and government health authorities worldwide.
Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal develops and delivers regulatory, safety, and quality software to a global client base that includes many of the world’s largest pharmaceutical and biotech organisations, as well as regulatory authorities. Its flagship LifeSphere® platform is a fully integrated, cloud-native suite that enables life sciences organisations to manage complex regulatory submissions, pharmacovigilance workflows and clinical data on a single platform, improving compliance, speed and operational efficiency. The platform also embeds advanced AI-enabled automation across core pharmacovigilance workflows, reducing manual processing and accelerating safety case management.
“Nordic Capital invested in ArisGlobal because the business had strong fundamentals, a loyal blue-chip client base and significant potential to modernise its technology and scale its commercial reach. Working closely with Aman and his team, Nordic Capital has supported the company’s transformation into a leading cloud-native platform for the life sciences industry with differentiated AI-enabled capabilities and a strengthened market position. Nordic Capital is proud of what has been achieved together with management and looks forward to seeing the company continue to grow under Dassault Systèmes ownership,” said Daniel Berglund, Partner and Head of Healthcare, Nordic Capital Advisors.
Nordic Capital first invested in ArisGlobal in 2019, partnering with the founding family and management team to pursue an ambitious development strategy. In 2021, Nordic Capital made a further investment in the company, reflecting its conviction in ArisGlobal’s growth potential and the progress achieved since the original partnership began. Throughout the ownership period, Nordic Capital worked closely with management to accelerate the SaaS transition, professionalise the go-to-market organisation, broaden the product offering and strengthen the leadership team.
The migration to a modern, cloud-native architecture created the foundation for ArisGlobal to become an early leader in the application of AI to drug safety. A key milestone was the development and launch of NavaX, ArisGlobal’s generative AI solution for safety case processing, which automates and accelerates core pharmacovigilance workflows and has been adopted by a number of the world’s leading pharmaceutical companies. NavaX has further differentiated ArisGlobal’s offering and marked an important step in the Company’s evolution into a broader, AI-enabled safety and regulatory software platform.
“The life sciences industry is at an inflection point as regulatory complexity is increasing, data volumes are growing and our clients need software that can keep pace. The partnership with Nordic Capital gave us the resources and the runway to build exactly that. NavaX and our expanded platform are the result of that ambition, and I am confident we are well placed for what comes next,” said Aman Wasan, CEO, ArisGlobal.
Alongside its technology transformation, ArisGlobal strengthened its management team and commercial organisation, while two strategic acquisitions broadened the Company’s platform capabilities. Today, ArisGlobal serves more than 200 enterprise customers, including half of the world’s top 50 biopharma companies, processes more than 12 million safety cases annually and is expected to generate approximately USD 175 million in revenue in 2026. As rising regulatory complexity and increasing volumes of adverse event reporting continue to drive demand for advanced life sciences software, ArisGlobal is well positioned for future growth through solutions that automate compliance workflows, reduce manual processing and enable organisations to manage regulatory risk more effectively.
The transaction brings together ArisGlobal’s leadership in AI-enabled safety and regulatory software with Dassault Systèmes’ capabilities across research, clinical development and manufacturing. Nordic Capital believes the combination represents a highly compelling strategic fit, pairing complementary capabilities to create a broader, end-to-end offering across the life sciences value chain. ArisGlobal will also benefit from Dassault Systèmes’ global scale, customer reach and investment capacity, providing a strong platform for its next phase of innovation and growth.
The transaction is subject to customary regulatory approvals and is expected to close in the second half of 2026.
Evercore and Jefferies LLC acted as financial advisors to ArisGlobal and Kirkland & Ellis acted as legal advisor to ArisGlobal.
Media contacts:
Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
+46 8 440 50 50
katarina.janerud@nordiccapital.com
ArisGlobal
Morgan Scott
Vice President, Marketing & Communications and Chief of Staff
mscott@arisglobal.com
About ArisGlobal
ArisGlobal is a leading provider of software to the life sciences industry. Its LifeSphere® platform delivers integrated regulatory, safety, and quality solutions to more than 200 life sciences companies, CROs and government health authorities worldwide. Founded in 1989 and headquartered in Waltham, Massachusetts, ArisGlobal combines deep domain expertise with advanced technology to help clients improve compliance, accelerate development cycles and manage regulatory complexity at global scale. For more information, visit www.arisglobal.com.
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Nordic Capital is a leading international private equity investor and subsector specialist dedicated to building stronger, more resilient businesses through transformative, long-term growth in partnership with management teams. With over 35 years of experience, Nordic Capital currently manages approximately EUR 39 billion in assets, investing in middle-market companies across Northern Europe and North America. Rooted in its Nordic heritage and values, it combines global reach with local presence through dedicated sector investment advisory teams, bringing deep expertise across its core sectors: Healthcare, Technology & Payments, Financial Services, and Services & Industrial Tech. Through active ownership, strong operational capabilities, a global network of experts and technology-enabled transformation, Nordic Capital helps companies scale, innovate and become sustainable leaders. For more information, visit www.nordiccapital.com or connect on LinkedIn.
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Cognizant and Gulf Edge Announce Strategic Partnership to Accelerate Enterprise AI Adoption in Southeast Asia
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Partnership combines Cognizant’s global AI engineering capabilities with Gulf Edge’s sovereign digital infrastructure to capture the region’s growing demand for secure, scalable AI solutions.
BANGKOK, July 23, 2026 /PRNewswire/ — Cognizant (Nasdaq: CTSH), a leading AI builder and global technology services provider, and Gulf Edge Company Limited, the digital infrastructure arm of Thai energy and infrastructure conglomerate Gulf Development Public Company Limited (GULF) or Gulf Group, today announced a landmark strategic partnership. The alliance is designed to accelerate enterprise AI adoption and establish a resilient, AI-native digital economy in Thailand and the broader region.
As artificial intelligence (AI) rapidly reshapes industries, economies, and societies worldwide, the partnership aims to establish the foundational ecosystem needed to enable Thailand’s next phase of digital transformation. By combining trusted sovereign digital infrastructure with world-class AI engineering and enterprise transformation capabilities, Gulf Edge and Cognizant will help organizations deploy AI securely, responsibly, and at scale.
The collaboration brings together Gulf Edge’s leadership in digital infrastructure, energy, cloud, and strategic relationships across Thailand’s most important industries with Cognizant’s global expertise in AI, digital engineering, cloud modernization, data, and intelligent operations. Together, the two companies will deliver end-to-end AI capabilities spanning infrastructure, AI platforms, enterprise solutions, systems integration, and managed services.
The partnership will initially focus on accelerating AI adoption across key sectors including banking and financial services, energy and utilities, healthcare, telecommunications, manufacturing, and the public sector. Through industry-specific AI solutions, organizations will be able to improve operational efficiency, enhance customer experience, strengthen decision-making, automate complex business processes, and unlock new opportunities for innovation and growth.
Beyond enterprise transformation, Gulf Edge and Cognizant share a broader ambition of strengthening Thailand’s position as a regional AI hub. The partnership is expected to attract global technology expertise, stimulate investment in advanced digital capabilities, and create high-value employment opportunities across AI engineering, data science, cloud infrastructure, cybersecurity, and digital transformation. The two companies also plan to collaborate with universities, research institutions, technology partners, and public-sector organizations to develop AI talent, promote responsible AI adoption, and foster a sustainable innovation ecosystem for the country.
Mr. Sarath Ratanavadi, Chief Executive Officer, Gulf Development Public Company Limited, said, “Our partnership with Cognizant marks an important milestone in our vision of helping Thailand become an AI-native economy. By combining Gulf Edge’s strengths in digital infrastructure, energy, cloud, and deep understanding of the Thai market with Cognizant’s global expertise in enterprise AI, digital engineering, and transformation services, we are creating a comprehensive platform that enables organizations to adopt AI with confidence and generate measurable business outcomes. Together, we will develop secure, resilient, and future-ready sovereign digital infrastructure while delivering industry-specific AI solutions tailored to the needs of Thai enterprises and public institutions. We believe AI has the potential to transform every sector, creating new opportunities for productivity, innovation, and sustainable economic growth.”
Mr. Ganesh Ayyar, President of Asia Pacific & Japan (APJ), Cognizant, said, “As Thailand works toward its ambition of becoming an AI-native economy, we see this partnership as a meaningful way to help contribute to that vision, not just through the projects we deliver, but by building lasting AI and technology capability inside the country. With Gulf Edge’s market reach and Cognizant’s AI Builder strategy and global delivery capability, we are positioned to deliver transformative outcomes for Thai enterprises across every major sector.”
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