Global Data Collection And Labeling Market Segments 2024, Forecast To 2033
5 Mar, 2024
The data collection and labeling market has experienced exponential growth, surging from $2.86 billion in 2023 to $3.62 billion in 2024, with a 26.4% CAGR. Historical drivers include regulatory compliance, quality assurance, and AI model training data needs. The market is expected to witness further exponential growth, reaching $9.28 billion in 2028, with a 26.5% CAGR. Anticipated trends include training data expansion for AI models, image and video labeling importance, real-time data labeling demand, security and privacy considerations, and evolution of annotation tools.
Global Data Collection And Labeling Market Key Driver
The data collection and labeling market is anticipated to grow with the increasing adoption of autonomous vehicles. The National Highway Traffic Safety Administration projects a substantial increase in autonomous vehicles on American roads, reaching 4.5 million by 2030. The reliance of autonomous vehicles on data collection and labeling techniques for safe navigation and decision-making drives the growth of the data collection and labeling market.
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The data collection and labeling market covered in this report is segmented –
1) By Data Type: Text, Image Or Video, Audio
2) By Application: Dataset Management, Security And Compliance, Data Quality Control, Workforce Management, Content Management, Catalogue Management, Sentiment Analysis, Other Applications
3) By Vertical: Information Technology(IT), Automotive, Government, Healthcare, Banking, Financial Services and Insurance (BFSI), Retail And E-commerce, Other Verticals
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the data collection and labeling market in 2023. Asia-Pacific is expected to be the fastest-growing region in the data collection and labeling market report during the forecast period. The regions covered in the data collection and labeling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Data Collection And Labeling Industry Players
Reality Analytics Inc.; Globalme Localization Inc.; Global Technology Solutions Inc.; Alegion Inc.; Labelbox Inc.; Dobility Inc.; Scale AI Inc.; Trilldata Technologies Pvt. Ltd.; Appen Limited; Playment Inc.; Avery Dennison Corporation; Summa Linguae Technologies SA; SuperAnnotate AI Inc.; Keylabs.ai Ltd.; V7Labs Ltd.; Datasaur Inc.; Dataloop Ltd.; CloudFactory Limited; Clarifai Inc.; International Business Machines Corp.; Oracle Corp.; TELUS International; Amazon Mechanical Turk; Cogito Corp.; Prodigy Math game India Pvt. Ltd.; iMerit Technology Services Pvt Ltd.; Snorkel AI Inc.; Hive Digital Technologies Ltd.; Samasource Group; Figure Eight Inc.
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AIOps Data Collection And Labeling Market Overview
Data collection and labeling are the processes of gathering and organizing relevant data for use in artificial intelligence (AI) and machine learning (ML) models. Data collection involves gathering relevant data from a variety of sources, such as cameras, voice recorders, surveys, and web scraping, to create a comprehensive dataset. Data labeling is the process of compiling collected data with relevant information or labels to provide context to the dataset.
Data Collection And Labeling Global Market Report 2023 provides data on the global data collection and labeling market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The data collection and labeling market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.