The Data Collection And Labeling Global Market Report 2023, provides comprehensive information on the data collection and labeling market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global data collection and labeling market size is expected to grow from $2.26 billion in 2022 to $2.86 billion in 2023 at a compound annual growth rate (CAGR) of 26.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global data collection and labeling market size is expected to reach $7.27 billion in 2027 at a CAGR of 26.2%.
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Technological advancements are a key trend gaining popularity in the data collection and labeling market. Companies operating in the data collection and labeling market are adopting new technologies, such as real-time data monitoring, to sustain their position in the market. For instance, in May 2022, Sumake North America, a US-based company that produces professional, high-quality industrial tools, launched the EA-SC100 tool management system for data collection and tool setup. The system includes a touch screen for real-time result viewing as well as a remote administration system for tool setup and data gathering. The EA-SC100 lowers costs, boosts profit, streamlines the assembly process, and assists businesses in maintaining quality.
The data collection and labeling market is segmented:
1) By Data Type: Text, Image Or Video, Audio
2) By Application: Dataset Management, Security And Compliance, Data Quality Control, Workforce Management, Content Management, Catalogue Management, Sentiment Analysis, Other Applications
3) By Vertical: Information Technology (IT), Automotive, Government, Healthcare, Banking, Financial Services and Insurance (BFSI), Retail And E-commerce, Other Verticals
North America was the largest region in the data collection and labeling market in 2022.
The table of contents in TBRC’s data collection and labeling market report includes:
- Executive Summary
- Data Collection And Labeling Market Characteristics
- Data Collection And Labeling Market Trends And Strategies
- Data Collection And Labeling Market – Macro Economic Scenario
- Data Collection And Labeling Market Size And Growth
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- Africa Data Collection And Labeling Market
- Data Collection And Labeling Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Data Collection And Labeling Market
- Data Collection And Labeling Market Future Outlook and Potential Analysis
- Appendix
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