Data collection and labeling market projected to reach $29.2 billion by 2032
From GlobeNewswire: 2025-03-13 10:00:00
The Data Collection and Labeling Market size is projected to reach USD 29.2 billion by 2032 with a CAGR of 28.54% from 2024 to 2032. Major players include Scale AI, Appen, Labelbox, AWS, Google, IBM, Microsoft, Playment, Hive AI, Samasource, and more. The market is driven by AI adoption and demand for high-quality labeled datasets.
The market is dominated by the image/video segment due to applications in autonomous vehicles and surveillance, while the text segment is the fastest-growing, driven by chatbots and sentiment detection. In terms of verticals, the IT sector leads in revenue, with automotive expected to witness the fastest growth due to autonomous driving technologies. North America leads in market share, while Asia-Pacific is set to see the fastest CAGR.
Recent developments include partnerships between Scale AI and Tesla, Appen’s automated labeling platform, and Google Cloud’s expanded data labeling services. The market offers vast opportunities for AI-driven solutions in various sectors, with a focus on improving AI algorithms and applications. The Data Collection and Labeling Market Analysis Report for 2024-2032 is now available. Access the complete report details at https://www.snsinsider.com/reports/data-collection-and-labeling-market-5925. For more information or customization options, contact [email protected].
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