The demand for data collecting and labelling will continue to be driven by the implementation of data labelling and analytics in healthcare. The adoption of enhanced data collecting and labelling goods and services is necessitated by the penetration of artificial intelligence (AI), the internet of things (IoT), and machine learning (ML).
During the projected period, the worldwide data collecting and labelling market will grow at a blistering 17 percent CAGR (2020 – 2030). Digitization is laying a fertile field for data gathering and labelling firms to flourish across industries and countries. Video surveillance, facial recognition, and password security are just a few of the end-uses that are propelling the data gathering and labelling market to new heights.
Indirectly, the data gathering and labelling business is growing due to rising consumer desire for ease through technology. Smart speakers, for example, use data collection and labelling to teach AI software that responds. Product producers can improve performance and eliminate faults in operation by using data collecting and labelling skills.
Global Data Collection and Labeling Market: In-Depth Assessment on Key Segments
The global data collection and labeling market is segmented on the basis of data type, vertical, and region.
- Retail & E-commerce
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
Key Companies Profiled
- Appen Limited
- Reality AI
- Globalme Localization Inc.
- Global Technology Solutions
- Labelbox Inc
- Dobility Inc.
- Scale AI Inc.
- Trilldata Technologies Pvt Ltd
- Playment Inc.
Disruptive technology acquisitions are heating up the competition landscape.
Uber Technologies Inc. purchased Mighty AI Inc., a self-driving car computer vision model provider, in June 2019.
Walmart Inc. stated in February 2019 that it had acquired Trilldata Technologies Pvt. Ltd., an Indian Neuro-Linguistic Programming (NLP) solutions provider, in order to improve their retail offerings with machine learning and data gathering and labelling services.
Summa Linguae Technologies, an up-and-coming language solutions business with headquarters in Poland, has announced the purchase of Globalme Localization Inc.
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