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PUBLISHER: Grand View Research | PRODUCT CODE: 1300970
PUBLISHER: Grand View Research | PRODUCT CODE: 1300970
Data Labeling Solution And Services Market Size, Share & Trends Analysis Report By Sourcing Type (In-house And Outsourced), By Type, By Labeling Type, By Vertical, By Region, And Segment Forecasts, 2023 - 2030
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Data Labeling Solution And Services Market Growth & Trends
The global data labeling solution and services market is expected to reach USD 57.63 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 21.3% from 2023 to 2030. The prominent use of data labeling solutions and services in the automotive industry, combined with its self-driving vehicles that comprehend networking systems and various sensors that assist the computer in driving the car, is the key factor propelling the market's growth.
The global labeling solution and services market is driven by increased public awareness of digitalization, growing healthcare treatments, and improved technology. Prominent technology improvements in several industries for use in large enterprises, automotive, and the healthcare sector is growing the demand for data labeling solution & services. For instance, Toyota Research Institute, Zoox, Waymo LLC, and Lyft, Inc., use data labeling services provided by Scale AI, Inc., a digital start-up based in the United States. Vendors increasingly use data labeling on services and products to deliver customers with ingredient lists, which is projected to enhance the global market. For instance, Image processing technology has helped Twitter and Facebook, two well-known social networking sites, increase audience engagement since it has prompted users to post photographs and tag their contacts, resulting in a more connected experience.
Moreover, Machine learning applications are extensively used to classify data items like tweets or news articles. This, in turn, calls for a specific annotated training dataset, which helps in developing algorithms that automatically classify future data items. Yet, manually constructing such a dataset is a complex task and requires coders to expend a significant amount of time. With the growing execution of electronic health record systems (HER), clinical data collection, mostly unstructured text documents, has become a valuable resource for clinical research. To unlock data hidden in clinical literature, statistical NLP (natural language processing) standards have been developed.
Text labelling is commonly used in social media monitoring to create recommendation systems because to advancements in sentiment analysis. In December 2019, Enlitic, Inc. announced a partnership with MLPCare, a Turkey-based private healthcare provider, to integrate clinical artificial intelligence into the healthcare systems of Turkey and adjacent countries in Central Asia and Eastern Europe. Under the agreement, Enlitic, Inc. is developing, training, and validating its deep learning models for patients in Turkey. Hence the increased application of Data Labeling Solution and Services is expected to propel the growth of the market.
Data Labeling Solution And Services Market Report Highlights
- In terms of type, the image & video annotation segment is expected to contribute significant revenue to the market over the forecast period. This growth is attributed to the increasing implementation of computer vision in several industries, including healthcare, automotive, and media & entertainment
- In terms of vertical, the automotive segment is expected to grow at the prominent CAGR over the forecast period owing to rising development of self-driving cars and trucks
- The key players in the market are Alegion, Appen Ltd., Cogito Tech LLC, Deep Systems LLC, Labelbox Inc., Edgecase, Labelbox, Inc., Clickworker GmbH, CloudApp CloudFactory Limited, Playment Inc., Mighty AI, Inc., Scale AI Inc., Shaip, Tagtog Sp. z o.o., Trilldata Technologies Pvt Ltd. among others
Product Code: GVR-4-68039-912-1
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information analysis
- 1.3.2 Market Formulation & Data Visualization
- 1.3.3 Data validation & publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Data labeling solution & services Variables and Trends
- 3.1 Market Lineage Outlook
- 3.2 Industry Value Chain Analysis
- 3.3 Market Dynamics
- 3.4 Market Driver Impact Analysis
- 3.4.1 Proliferation of connected cars and advances in autonomous driving technology
- 3.4.2 Growing emphasis on centralized data management
- 3.4.3 Advances in big data analytics based on AI and ML
- 3.5 Market Restraint Impact Analysis
- 3.5.1 Lack of skilled professionals, Workforce management issues, and inaccuracy of data annotation
- 3.6 Industry Opportunities
- 3.7 Industry Challenges
- 3.8 Industry Analysis Tools
- 3.8.1 porter's analysis
- 3.8.2 Macroeconomic Analysis
Chapter 4 Data Labeling Solution and Services Market Analysis
- 4.1 Ballpark market size estimates and forecast for Generative AI in Data Labeling Solution and Services
- 4.1.1 Global Generative AI in Data Labeling Solution and Services Market, 2018 - 2030
- 4.1.2 Global Generative AI In Data Labeling Solution and Services Market, By region, 2018 - 2030
- 4.1.3 North America Generative AI In Data Labeling Solution and Services Market, By Country, 2018 - 2030
- 4.1.4 Europe Generative AI Generative AI IN Data Labeling Solution and Services Market, By Country, 2018 - 2030
- 4.1.5 Asia-Pacific Generative AI In Data Labeling Solution and Services Market, By Country, 2018 - 2030
- 4.1.6 Latin America Generative AI In Data Labeling Solution and Services Market, By Country, 2018 - 2030
- 4.1.7 MEA Generative AI In Data Labeling Solution and Services Market, By Country, 2018 - 2030
- 4.2 Technology Overview
- 4.3 Key Trends and Development
Chapter 5 Data Labeling Solution & Services Market: Sourcing Type Estimates & Trend Analysis
- 5.1 Data Labeling Solution & Services Market, by Sourcing Type: Key Takeaways
- 5.2 Sourcing Type Data Labeling solution & Services Movement Analysis & Market Share, 2022 & 2030
- 5.3 Data Labeling Solution & Services Sourcing type Market Estimates & Forecast, By Sourcing Type (Revenue, USD Million)
- 5.3.1 In-house
- 5.3.2 Outsourced
Chapter 6 Data Labeling Solution &n Services Market: Type Estimates & Trend Analysis
- 6.1 Data Labeling Solution & Services Market, by Type: Key Takeaways
- 6.2 Type Data Labeling solution & Services Movement Analysis & Market Share, 2022 & 2030
- 6.3 Data Labeling Solution & Services Market Estimates & Forecast, By Type (Revenue, USD Million)
- 6.3.1 Text
- 6.3.2 Image
- 6.3.3 Audio
Chapter 7 Data Labeling Solution &n Services Market: Labeling Type Estimates & Trend Analysis
- 7.1 Data Labeling Solution & Services Market, by Labeling Type: Key Takeaways
- 7.2 Labeling Type Data Labeling solution & Services Movement Analysis & Market Share, 2022 & 2030
- 7.3 Data Labeling Solution & Services Sourcing type Market Estimates & Forecast, By Labeling Type (Revenue, USD Million)
- 7.3.1 Manual
- 7.3.2 Semi-supervised
- 7.3.3 Automatic
Chapter 8 Data Labeling Solution & Services Market: Vertical Estimates & Trend Analysis
- 8.1 Data Labeling Solution & Services Market, by Vertical: Key Takeaways
- 8.2 Vertical Movement Analysis & Market Share, 2022 & 2030
- 8.3 Data Labeling Solution & Services Market Estimates & Forecast, By Vertical (Revenue, USD Million)
- 8.3.1 IT
- 8.3.2 Automotive
- 8.3.3 Government
- 8.3.4 Healthcare
- 8.3.5 Financial Services
- 8.3.6 Retail
- 8.3.7 Others
Chapter 9 Data labeling solution & services Market: Regional Estimates & Trend Analysis
- 9.1 Data labeling Solution & Services Market: Regional Outlook
- 9.2 North America
- 9.2.1 North America Data labeling solution & services Market Estimates & Forecasts, 2018 - 2030 (Revenue USD Million)
- 9.2.2 U.S.
- 9.2.3 Canada
- 9.3 Europe
- 9.3.1 Europe Data labeling solution & services Market Estimates & Forecasts, 2018 - 2030 (Revenue USD Million)
- 9.3.2 U.K.
- 9.3.3 Germany
- 9.3.4 France
- 9.4 Asia Pacific
- 9.4.1 Asia Pacific Data labeling solution & services Market Estimates & Forecasts, 2018 - 2030 (Revenue USD Million)
- 9.4.2 China
- 9.4.3 Japan
- 9.4.4 India
- 9.4.5 South Korea
- 9.4.6 South Korea Data labeling solution & services Market Estimates & Forecasts, 2018 - 2030 (Revenue USD Million)
- 9.4.7 Australia
- 9.4.8 Australia Data labeling solution & services Market Estimates & Forecasts, 2018 - 2030 (Revenue USD Million)
- 9.5 Latin America
- 9.5.1 Latin America Data labeling solution & services Market Estimates & Forecasts, 2018 - 2030 (Revenue USD Million)
- 9.5.2 Brazil
- 9.5.3 Mexico
- 9.6 MEA
- 9.6.1 MEA Data labeling solution & services Market Estimates & Forecasts, 2018 - 2030 (Revenue USD Million)
- 9.6.2 Kingdom of Saudi Arabia (KSA)
- 9.6.3 UAE
- 9.6.4 South Africa
Chapter 10 Data Labeling Solution and Services Market - Competitive Landscape
- 10.1 Recent Developments & Impact Analysis, By Key Market Participants
- 10.2 Company Categorization
- 10.3 Participant's Overview
- 10.4 Financial Performance
- 10.5 Product Benchmarking
- 10.6 Company Market Positioning
- 10.7 Company Heat Map Analysis
- 10.8 Strategy Mapping
- 10.8.1 Expansion
- 10.8.2 Mergers & Acquisition
- 10.8.3 Partenerships & Collaborations
- 10.8.4 New Product Launches
- 10.8.5 Others
Product Code: GVR-4-68039-912-1
List of Tables
- Table 1 Global Generative AI in Data Labeling Solution and Services Market, 2018 - 2030 (USD Million)
- Table 2 Global Generative AI in Data Labeling Solution and Services Market, by Region, 2018 - 2030 (USD Million)
- Table 3 North America Generative AI Data Labeling Solution and Services Market, by Country, 2018 - 2030 (USD Million)
- Table 4 Europe Data Labeling Solution and Services Market, by Country, 2018 - 2030 (USD Million)
- Table 5 Asia pacific Generative AI Data Labeling Solution and Services Market, by Country, 2018 - 2030 (USD Million)
- Table 6 Latin America Generative AI Data Labeling Solution and Services Market, by Country, 2018 - 2030 (USD Million)
- Table 7 MEA Generative AI Data Labeling Solution and Services Market, by Country, 2018 - 2030 (USD Million)
- Table 8 Global Data labeling solution & services Market Revenue Estimates and Forecast, By Sourcing Type, 2018 - 2030 (USD Million)
- Table 9 Global Data labeling solution & services Market Revenue Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- Table 10 Global Data labeling solution & services Market Revenue Estimates and Forecast, By Labeling Type, 2018 - 2030 (USD Million)
- Table 11 Global Data labeling solution & services Market Revenue Estimates and Forecast, By Vertical, 2018 - 2030 (USD Million)
- Table 12 Recent Developments & Impact Analysis, By Key Market Participants
- Table 13 Company Heat Map Analysis
- Table 14 Key Companies undergoing expansions
- Table 15 Key Companies involved in M&As
- Table 16 Key Companies undergoing collaborations
- Table 17 Key Companies launching new products
List of Figures
- Fig. 1 Data labeling solution & services Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot (1/2)
- Fig. 8 Market Snapshot (2/2)
- Fig. 9 Competitive Landscape Snapshot
- Fig. 10 Data Labeling Solutions And Services Market: Industry Value Chain Analysis
- Fig. 11 Data Labeling Solution And Services Market: Market Dynamics
- Fig. 12 Data Labeling Solutions And Services Market: PORTER's Analysis
- Fig. 13 Data labeling solution & services Market: PESTEL Analysis
- Fig. 14 Data Labeling Solution & Services Market, by Sourcing Type: Key Takeaways
- Fig. 15 Data labeling solution & services Market, by Sourcing type: Market Share, 2022 & 2030
- Fig. 16 Data labeling solution & services market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 17 Outsourced Data labeling solution & services market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 18 Data Labeling Solution & Services Market, by Type: Key Takeaways
- Fig. 19 Data labeling solution & services Market, by type: Market Share, 2022 & 2030
- Fig. 20 Data labeling solution & services market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 21 Image Data labeling solution & services market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 22 Audio Data labeling solution & services market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 23 Data Labeling Solution & Services Market, by Labeling Type: Key Takeaways
- Fig. 24 Data labeling solution & services Market, by Labeling type: Market Share, 2022 & 2030
- Fig. 25 Data labeling solution & services market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 26 Semi-supervised Data labeling solution & services market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 27 Automatic Data labeling solution & services market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 28 Data Labeling solution & services Market, by Vertical: Key Takeaways
- Fig. 29 Data labeling solution & services Market, by Vertical: Market Share, 2022 & 2030
- Fig. 30 IT market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 31 Automotive market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 32 Government Data labeling solution & services market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 33 Healthcare Data labeling solution & services market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 34 Financial Services Data labeling solution & services market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 35 Retail Data labeling solution & services market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 36 Others Data labeling solution & services market estimates & forecasts, 2018 - 2030 (Revenue, USD Million)
- Fig. 37 7.1 Data labeling Solution & Services market revenue, by region, 2022 & 2030 (USD Million)
- Fig. 38 Regional marketplace: Key takeaways
- Fig. 39 Regional marketplace: Key takeaways
- Fig. 40 North America Data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 41 U.S. Data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 42 Canada data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 43 Europe data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 44 U.K. data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 45 Germany data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 46 France data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 47 Asia Pacific Data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 48 China Data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 49 Japan Data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 50 India data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 51 South Korea Data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 52 Australia Data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 53 Latin America Data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 54 Brazil Data Labeling Solution & Services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 55 Mexico Data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 56 MEA Data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 57 KSA Data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 58 UAE Data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 59 South Africa Data labeling solution & services market estimates & forecast, 2018 - 2030 (Revenue USD Million)
- Fig. 60 Key Company Categorization
- Fig. 61 Company Market Positioning
- Fig. 62 Strategic framework
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