Data Collection and Labeling in North America

Data Collection and Labeling in North America

Summary

Data Collection and Labeling in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• Data collection and labeling is a process used to train the machines to identify raw data such as images, text files, videos, etc. and then add one or more labels to that data to specify its context for models, allowing the machine learning model to make accurate predictions.
• The North American data collection and labeling market had total revenues of $952.5 million in 2023, representing a compound annual growth rate (CAGR) of 25.1% between 2018 and 2023.
• The IT segment accounted for the market's largest proportion in 2023, with total revenues of $316.3 million, equivalent to 33.2% of the market's overall value.
• The market is experiencing growth as a result of factors such as the growing need to make text and images more interactive and engaging, increased R&D spending on self-driving vehicle research, and the rapid adoption of AI and machine learning.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the data collection and labeling market in North America
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the data collection and labeling market in North America
• Leading company profiles reveal details of key data collection and labeling market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the North America data collection and labeling market with five year forecasts

Reasons to Buy

• What was the size of the North America data collection and labeling market by value in 2023?
• What will be the size of the North America data collection and labeling market in 2028?
• What factors are affecting the strength of competition in the North America data collection and labeling market?
• How has the market performed over the last five years?
• What are the main segments that make up North America's data collection and labeling market?