Worldwide Data Collection and Labeling Industry to 2028 – Featuring Global Technology Solutions, Alegion and Labelbox Among Others – PRNewswire

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DUBLIN, Sept. 15, 2021 /PRNewswire/ — The "Global Data Collection And Labeling Market Size, Share & Trends Analysis Report by Data Type (Audio, Image/Video, Text), by Vertical (IT, Automotive, Healthcare), by Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com’s offering.
The global data collection and labeling market size is expected to reach USD 8.22 billion by 2028. The market is anticipated to expand at a CAGR of 25.6% from 2021 to 2028.
Data collection and labeling refer to the process of collecting datasets from online sources and other sources and labeling them based on their nature, data type, and feature. Data gathering and its annotation, combined with artificial intelligence (AI) technology, have created valuable growth opportunities in several verticals, such as gaming, social networking, and e-commerce. For instance, Twitter and Facebook, two major platforms in the world of social networking, have benefited from the image processing technology in terms of audience engagement as they have created a more connected experience by encouraging users to share images and tag their friends.

The advent of digital capturing devices, particularly cameras built into smartphones, has led to an exponential growth in the volume of digital content in the form of images and videos. A vast amount of visual and digital information is being captured and shared through several applications, websites, social networks, and other digital channels. Several businesses have leveraged this available online content to deliver smarter and better services to their customers, with the use of data annotation. For instance, Scale AI, Inc., the U.S.-based tech start-up, has provided valuable data labeling services to its autonomous driving customers, including Waymo LLC; Lyft, Inc.; Zoox; and Toyota Research Institute.

However, data cleaning remains a significant challenge involved in data labeling. Also, considering the time, complexity, and cost associated with the development of machine learning models, many companies may not have the resources who can produce acceptable and accurate results. Therefore, several companies are taking strategic initiatives to expand their business in the field of artificial intelligence-based data gathering. For instance, in July 2020, Microsoft acquired Orions Digital Systems, Inc., a U.S.-based data management solutions provider, to boost its Dynamics 365 Connected Store capabilities. This acquisition is anticipated to proliferate the use of computer vision and IoT sensors to help retailers better understand customer behavior and manage their physical spaces.

Data Collection And Labeling Market Report Highlights
Key Topics Covered:

Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Data Collection And Labeling Size And Growth Prospects
3.3 Data Collection And Labeling – Value Chain Analysis
3.4 Data Collection And Labeling Market Dynamics
3.4.1 Market Drivers
3.4.1.1 Growing Need To Make Text/ Image More Interactive And Engaging
3.4.1.2 Rapid Penetration Of Ai And Machine Learning
3.4.1.3 Growing R&D Spending On The Development Of Self-Driving Vehicles
3.4.2 Market Restraint
3.4.2.1 Lack Of Skilled Labor
3.4.2.2 High Costs Associated With Manual Labeling Of Complex Images
3.5 Industry Analysis – Porter’s
3.5.1 Supplier Power
3.5.2 Buyer Power
3.5.3 Substitution Threat
3.5.4 Threat From New Entrant
3.5.5 Competitive Rivalry
3.6 Penetration & Key Opportunities Mapping
3.7 Data Collection And Labeling – Pest Analysis
3.7.1 Political
3.7.2 Economic
3.7.3 Social
3.7.4 Technological

Chapter 4 Data Collection And Labeling Market: Data Type Estimates & Trend Analysis
4.1 Data Collection And Labeling Market: Data Type Movement Analysis
4.1.1 Text
4.1.1.1. Text Data Collection And Labeling Market, By Region, 2017 – 2028
4.1.1.1.1. Market Estimates And Forecasts, 2017 – 2028 (USD Million)
4.1.2 Image/Video
4.1.2.1. Image/Video Data Collection And Labeling Market, By Region, 2017 – 2028
4.1.2.1.1. Market Estimates And Forecasts, 2017 – 2028 (USD Million)
4.1.3 Audio
4.1.3.1. Audio Data Collection And Labeling Market, By Region, 2017 – 2028
4.1.3.1.1. Market Estimates And Forecasts, 2017 – 2028 (USD Million)

Chapter 5 Data Collection And Labeling Market: Vertical Estimates & Trend Analysis
5.1 Data Collection And Labeling Market: Vertical Movement Analysis
5.1.1 It
5.1.1.1. It Data Collection And Labeling Market, By Region, 2017 – 2028
5.1.1.1.1. Market Estimates And Forecasts, 2017 – 2028 (USD Million)
5.1.2 Automotive
5.1.2.1. Automotive Data Collection And Labeling Market, By Region, 2017 – 2028
5.1.2.1.1. Market Estimates And Forecasts, 2017 – 2028 (USD Million)
5.1.3 Government
5.1.3.1. Government Data Collection And Labeling Market, By Region, 2017 – 2028
5.1.3.1.1. Market Estimates And Forecasts, 2017 – 2028 (USD Million)
5.1.4 Healthcare
5.1.4.1. Healthcare Data Collection And Labeling Market, By Region, 2017 – 2028
5.1.4.1.1. Market Estimates And Forecasts, 2017 – 2028 (USD Million)
5.1.5 Bfsi
5.1.5.1. Bfsi Data Collection And Labeling Market, By Region, 2017 – 2028
5.1.5.1.1. Market Estimates And Forecasts, 2017 – 2028 (USD Million)
5.1.6 Retail & E-Commerce
5.1.6.1. Retail & E-Commerce Data Collection And Labeling Market, By Region, 2017 – 2028
5.1.6.1.1. Market Estimates And Forecasts, 2017 – 2028 (USD Million)
5.1.7 Others
5.1.7.1. Others Data Collection And Labeling Market, By Region, 2017 – 2028
5.1.7.1.1. Market Estimates And Forecasts, 2017 – 2028 (USD Million)

Chapter 6 Data Collection And Labeling Market: Regional Estimates & Trend Analysis
Chapter 7 Competitive Landscape
7.1 Company Profiles
7.1.1 Appen Limited
7.1.1.1 Company Overview
7.1.1.2 Financial Performance
7.1.1.3 Product Benchmarking
7.1.1.4 Recent Developments
7.1.2 Reality Ai
7.1.2.1 Company Overview
7.1.2.2 Product Benchmarking
7.1.2.3 Recent Developments
7.1.3 Globalme Localization Inc.
7.1.3.1 Company Overview
7.1.3.2 Product Benchmarking
7.1.3.3 Recent Developments
7.1.4 Global Technology Solutions
7.1.4.1 Company Overview
7.1.4.2 Product Benchmarking
7.1.4.3 Recent Developments
7.1.5 Alegion
7.1.5.1 Company Overview
7.1.5.2 Product Benchmarking
7.1.5.3 Recent Developments
7.1.6 Labelbox, Inc
7.1.6.1 Company Overview
7.1.6.2 Product Benchmarking
7.1.6.3 Recent Developments
7.1.7 Dobility, Inc.
7.1.7.1 Company Overview
7.1.7.2 Product Benchmarking
7.1.7.3 Recent Developments
7.1.8 Scale Ai, Inc.
7.1.8.1 Company Overview
7.1.8.2 Product Benchmarking
7.1.8.3 Recent Developments
7.1.9 Trilldata Technologies Pvt Ltd
7.1.9.1 Company Overview
7.1.9.2 Product Benchmarking
7.1.9.3 Recent Developments
7.1.10 Playment Inc.
7.1.10.1 Company Overview
7.1.10.2 Product Benchmarking
7.1.10.3 Recent Developments

For more information about this report visit https://www.researchandmarkets.com/r/lzz1nk
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