Global Data Collection And Labeling Market Size By Type, By Application, By Geographic Scope And Forecast
Data Collection And Labeling Market Size And Forecast
Data Collection and Labeling Market was valued at USD 970 Million in 2019 and is projected to reach USD 5.97 Billion by 2027, growing at a CAGR of 25.84 % from 2020 to 2027.
Global Data Collection and Labeling Market Outlook
The growing need to make text/ image more interactive and engaging, rapid penetration of AI and machine learning, and the increase in the adoption of cloud media services and surge in mobile devices is expected to boost the growth of the global data collection and labeling market. Moreover, growing R;D spending on the development of self-driving vehicles is likely to drive the demand for the forecast period.On the contrary, lack of skilled labor, high costs associated with manual labeling of complex images, and inaccuracy in data labeling are the potential restraints hampering the overall market. However, the advancements in technologies, and investments by governments offers the favorable growth opportunities.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Data Collection and Labeling Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Data Collection and Labeling Market Competitive Landscape
The Global Data Collection and Labeling Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Appen Limited, Reality AI, Globalme Localization Inc., Global Technology Solutions, Alegion, Labelbox Inc., Dobility Inc., Scale AI Inc., Trilldata Technologies Pvt. Ltd., Playment Inc., and Others.
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