Global Data Collection And Labeling Market Size, Share, Trend, and Forecast 2021 – 2030
The Global Data Collection And Labeling Market Size is expected to grow from USD 2.1 billion in 2021 to USD 15.5 billion by 2030, at a CAGR of 24.9% during the forecast period 2021-2030.
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The names, types, and attributes of the datasets are assigned after they are collected from the internet and other sources. In a number of industries, including e-commerce, social networking, and gaming, artificial intelligence (AI) technology combined with data collection and annotation has created exciting new growth opportunities. Image processing technology, for example, has increased audience engagement on the two most popular social networking sites, Facebook and Twitter. To locate unlabeled data for machine learning models, businesses use data labelling platforms. Pictures, sound, written content, and other objects make up the raw data. Since the advent of digital cameras and other capturing devices, particularly those integrated into smartphones, the amount of digital content in the form of photos and videos has grown rapidly.
The global market for gathering data and labelling is categorised in this research report according to different segments and geographical areas, and earnings growth and analysis trends are projected in each of the submarkets. The major factors influencing the growth, prospects, and difficulties in the data collecting and labelling market are examined in this report. To illustrate the competitive landscape in the market, recent changes and competition strategies—such as product launch and development, partnerships, mergers, and acquisitions—have been incorporated. The study analyses the core competencies of the major market participants in each of the Data Collection and Labelling market’s sub-segments while also strategically identifying and profiling them.
The world’s gathering and labelling market is divided into three segments based on the type of data: text, image/video, and audio. With a 35 percent market share and a 0.7 billion market revenue in 2021, the image/video segment led the market. The increasing use of computer vision in a variety of industries, such as media, healthcare, automotive, and entertainment, is responsible for this segment’s growth. Moreover, the expansion of facial recognition and public surveillance technologies by governments worldwide has driven the segment’s expansion during the projection period.
List of Key Companies
- Reality AI
- Globalme Localization Inc.
- Global Technology Solutions
- Alegion
- Labelbox, Inc.
- Dobility, Inc.
- Scale AI, Inc.
- Trilldata Technologies Pvt. Ltd.
- Appen Limited
- Playment Inc.
Market segmentation:
Global Data Collection And Labeling Market, By Technology
- Text
- Image/ Video
- Audio
Global Data Collection And Labeling Market, By End-User
- IT
- Automotive
- Government
- Healthcare
- BFSI
- Retail & E-commerce
- Others
Competitive analysis:
The competitive analysis section of the Global Virtual Cards Market research report provides a detailed study of the competitive landscape within the market. It aims to identify and assess key market players, their strategies, and their impact on overall market dynamics. Each company’s profile provides insight into its business profile, product portfolio, geographic presence, and recent developments. This information helps stakeholders to gain a comprehensive understanding of market participants and their capabilities.
In addition, competitive analysis examines the market share held by each major player and assesses their position within the market. Assessing relative market strength considers factors such as revenue, market capitalization, and market share growth over time. By understanding the distribution of market shares, industry participants can identify key players and their market power.
Browse key industry insights spread across 197 pages with 114 market data tables and figures & charts from the report “Global Data Collection And Labeling Market Size, Share, and COVID-19 Impact Analysis By Data Type (Audio, Image/Video, Text), By Industry Vertical (IT, Automotive, Government, Healthcare, BFSI, Retail & E-commerce, Others), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), Analysis and Forecast 2021 – 2030”
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The Global Data Collection and Labeling Market Research Report aims to answer the following key questions:
- What are the main products and services offered in the market and how are they evolving to meet changing consumer demands?
- What are the key technological advances and innovations impacting the market and how will they affect the competitive landscape?
- What are the key distribution channels and marketing strategies market players employ to effectively reach their target audience?
- What are the price trends in the market, and how do prices change across different product segments and geographies?
- How will changing demographic patterns, such as age groups and income levels, affect consumer behaviour and market demand?
- What are the key cost factors and factors that influence the profitability of companies in the Global Data Collection and Labeling Market?
- How will sustainability and environmental considerations affect consumer preferences and market growth in this sector?
- What are the investment opportunities and challenges for new entrants and investors looking to enter the market?
- How do government policies and regulations impact market dynamics and shape industry strategies?
- What are the current supply chain trends and challenges in the market, and how do they affect product availability and pricing?
- What are the levels of customer satisfaction and loyalty within the market, and how do market participants differentiate in terms of service quality?
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