Data Collection and Labeling Market, By Data Type (Text, Image/Video, and Audio), Application (IT, A

Published Date: April 2020 | Report Code : IT2067160

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Data Collection and Labeling Market, By Data Type (Text, Image/Video, and Audio), Application (IT, Automotive, Government, Healthcare, BFSI, Retail & E-Commerce, and Others), And By Region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) – Market Size & Forecasting To 2028

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Report Code : IT2067160

Status : Published April 2020

The Global Data Collection and Labeling Market size is expected to reach USD 14.19 billion in 2028 and is anticipated to grow at a CAGR of 27.65% during the forecast period. Data collection and labeling offers numerous advantages in multiple application sectors for e.g. The data collection and labeling offers enhanced safety features in case of autonomous vehicles, likewise in technologies like emergency vehicle detection, terrain detection, wear detection, and condition monitoring. Moreover, the data collection and labeling can be used in social media monitoring, as visual listening and visual analytics are the essential factors of digital marketing.

Key Factors Impacting the Growth of Global Data Collection and Labeling Market:

  • High demand from healthcare sector for automatic generation of reports of examined individuals
  • High adoption rate of computer vision technology to sense patterns and detect the injury or disease
  • Increasing awareness about enhanced safety features

Though, factors like limited demand from developing and underdeveloped regions is expected to hamper the growth of the global data collection and labeling market during the forecast period.

However, the development of strong machine learning models by outsourcing data collection and labeling services and web-based platform to help companies manage their data collection workflow is expected to offer promising growth opportunities in the global data collection and labeling market during the forecast period.

The data collection and labeling market segmentation is based on data type, application, and region.

Data type Outlook:

On the basis of Data type the global data collection and labeling market is separated into text, image/video, and audio. The image/video segment is expected to register highest market share during the forecast period, owing to the increasing implementation of computer vision in numerous application industries.

Application Outlook:

On the basis of application, the global data collection and labeling market is divided into IT, automotive, government, healthcare, BFSI, retail & e-commerce, and Others. The increasing use of data collection and labelling in many of the healthcare operations such as diagnostic automation, treatment prediction, gene sequencing, and drug development, training of datasets combined with substantial growth of healthcare sectors are the factors behind the healthcare application segment being the market dominator in 2019.

Regional Outlook:

The regional analysis of the global data collection and labeling market includes segmentation by North America, Europe, Asia Pacific, Middle East & Africa, South America. North America with the growing demand for integration of artificial intelligence and mobile computing platforms in the field of digital shopping and e-commerce, held the largest market share in the global data collection and labeling market in 2019.

Increasing demand for mobiles and tablets, speedy technological advancements, and the increasing popularity of social networking sites in emerging economies like China, Japan, India and ASEAN countries are the reasons behind Asia Pacific region being the highest growing region in 2019.

The report analyzes factors affecting the data collection and labeling market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the data collection and labeling market for all six regions namely; North America, Europe, Asia Pacific, Middle East & Africa, South America.

Competitive Landscape:

Major companies are focusing on several strategic initiatives, such as collaborations, acquisitions and mergers, and partnerships with other key players to increase their market share in the data collection and labeling market. Key companies operating in the market includes Annotate.com, 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 among others.

This report also includes the profiles of key data collection and labeling market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new data type launch, new data type developments, and other latest industrial developments.

Key Developments in Data Collection and Labeling Market:

  • In 2019, Uber Technologies Inc. acquired Mighty AI, Inc., a U.S. based start-up, with the aim to provide computer vision models for self-driving cars.
  • In 2019, Walmart Inc. acquired Trilldata Technologies Pvt. Ltd., an India-based NLP solution provider, with the aim to bring their deep domain expertise in machine learning and extensive application development experience.

What Does This Report Provide?

This report provides a detailed understanding of the global data collection and labeling market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

 Market Segmentation:

By Data Type:

  • Text
  • Image/Video
  • Audio

By Application:

  • IT
  • Automotive
  • Government
  • Healthcare
  • BFSI
  • Retail & E-Commerce
  • Others

By Region:

  • North America Data Collection and Labeling Market
    • By Country (US, Canada, Mexico)
    • By Data Type
    • By Application
  • Europe Data Collection and Labeling Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Data Type
    • By Application
  • Asia Pacific Data Collection and Labeling Market
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Data Type
    • By Application
  • Middle East & Africa Data Collection and Labeling Market
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East & Africa)
    • By Data Type
    • By Application
  • South America Data Collection and Labeling Market
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Data Type
    • By Application

 Reasons to Buy This Report:

  • Market size estimation of the data collection and labeling market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

 Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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