Global Data Collection & Labeling Market to Reach $14.2 Billion by 2030
The global market for Data Collection & Labeling estimated at US$3.8 Billion in the year 2023, is expected to reach US$14.2 Billion by 2030, growing at a CAGR of 20.6% over the analysis period 2023-2030. Image / Video Data Collection & Labeling, one of the segments analyzed in the report, is expected to record a 23.6% CAGR and reach US$6.9 Billion by the end of the analysis period. Growth in the Text Data Collection & Labeling segment is estimated at 17.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $985.9 Million, While China is Forecast to Grow at 26.6% CAGR
The Data Collection & Labeling market in the U.S. is estimated at US$985.9 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.9 Billion by the year 2030 trailing a CAGR of 26.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.3% and 18.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 16.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.3 Billion by the year 2030.
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