openPR Logo
Press release

Data Collection and Labelling Market Trends By 2021 | How The Industry Will Witness Substantial Growth In The Upcoming Years | Exclusive Report By Market Growth Reports

03-02-2021 09:19 PM CET | Associations & Organizations

Press release from: Fact.MR

Data Collection and Labelling Market Trends By 2021 | How

Implementation of data labelling and analytics in healthcare will continue to drive the demand for data collection and labelling. Penetration of artificial intelligence (AI), internet of things (IoT), and machine learning (ML) warrants the deployment of advanced data collection and labelling products and services. The global data collection and labelling market exhibits a meteoric 17% CAGR during the forecast period (2020 - 2030). Digitization across industries and countries lays a fertile ground for growth of data collection and labelling organizations. Video surveillance, facial recognition, and password privacy are a few end-uses that drive the data collection and labelling market on a skyrocketing growth trajectory.

To remain ‘ahead’ of your competitors, request for a sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=4726

Key Takeaways of Data Collection and Labelling Market Study

Image/video data types used for facial recognition and consumer sentimental analysis gives this segment a stronghold with over 35% of total market value share.

Audio data collection and labelling for voice assistance, and speech recognition positions this segment having the highest growth potential by data type. Audio segment exhibits a stellar 19% CAGR through 2030.

IT applications of data collection and labelling in big data analysis for various end-uses such as financial lending, and digital security drive the demand from this vertical. IT accounts for more than 36% of the total market value share.
Increasing digitization of retail customer experience coupled with parallel surge in e-commerce adoption makes this vertical a high growth potential segment. Retail & e-commerce segment will grow at a stupendous 20% CAGR through 2030.

Share Your Requirements & Get Customized Reports@ https://www.factmr.com/connectus/sample?flag=RC&rep_id=4726

North America leads global sales with over 32% of the total market value share. Increasing expenditure in healthcare services propels the demand for data collection and labelling of patient records and medical treatment procedures.
South Asia & Oceania will offer the most remunerative growth opportunities with an astonishing 20% CAGR through 2030. Adoption of data driven services in the public and private sector will continue to drive demand for data collection and labelling.

Healthcare Expenditure amid COVID-19 will Drive Profits

Medical imaging that employs computer vision and sensors to diagnose and depict internal functioning of the body warrant enhanced data collection and labelling services. Coupled with ubiquitous government investments, this will drive the demand for data collection and labelling products and services. Global concerns about the COVID-19 pandemic will significantly increase demand through 2030. Patients with underlying health conditions and weak respiratory systems are at greater risk of getting infected with coronavirus. The resultant need for medical imaging and remote diagnosis will further the demand for data collection and labelling products and services. Market players stand a chance to garner profitable revenues by research and development of advanced data collection and labelling tools. Analysts expect increased demand for high performance and big-data collection and labelling during post pandemic normalization.

Organizations across the world have realized the benefits of digital transformation from the work-from-home induced by COVID-19. Hence, data collection and labelling will witness a lackluster rise in demand which is still better than manufacturing industry growth rates. Large enterprises that depend on conventional operations will drive revenues for data collection and labelling as these giants look to mitigate losses and plan ahead for a speedy recovery of business operations.

Buy Now for Exclusive Analyst Support @ https://www.factmr.com/checkout/4726/S

Find More Valuable Insights on Data Collection and Labelling Market

Fact.MR, in its new offering, brings to fore an unbiased analysis of the data collection and labelling market, presenting historical demand data (2015-2019) and forecast statistics for the period 2020-2030. The study divulges compelling insights on the data collection and labelling market on the basis of data type (text, image/video, and audio), vertical (IT, automotive, government, healthcare, BFSI, retail & eCommerce, and others), and across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A, franklin. arnold
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Visit Our Website: https://www.factmr.com/

Research Insight: https://www.factmr.com/report/4726/data-collection-and-labelling-market

Content Source: https://www.factmr.com/media-release/1477/global-data-collection-and-labelling-market

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Data Collection and Labelling Market Trends By 2021 | How The Industry Will Witness Substantial Growth In The Upcoming Years | Exclusive Report By Market Growth Reports here

News-ID: 2251107 • Views: 566

More Releases from Fact.MR

Thrive In Food & Beverages Industry Is Expected To Boost Sales Growth Of Commerc …
A commercial mixer used as an essential piece of equipment in any restaurant, pizzeria, bakery, or other establishments that makes dough and batter, leaving the contents perfectly mixed and aerated. The busy and hectic lifestyle urges the need to have commercial mixers like equipments; owing to a commercial mixer is the flawless machine for swiftly mixing batches of batter or dough easily. To get in-depth information view the report – https://www.factmr.com/report/4901/commercial-mixers-market The
Expansion In Bakery Industry Is Expected To Triggers Market Sales Growth Of ADA …
The report analyzes incredible industry-related details that have a significant impact on growth. The report closely tracks the growth hot-spots of the global ADA Substitute market over the forecast period 2019 to 2029 The report begins with a brief presentation and overview of the ADA Substitute market, about the current market landscape, market trends, major market players, product type, application, and region. To get in-depth information view the report – https://www.factmr.com/report/4236/ada-substitute-market It
Global Aseptic Carton Bottles Market Is Projected To Generate Higher Sales Reven …
The report analyzes incredible industry-related details that have a significant impact on growth. The report closely tracks the growth hot-spots of the global Aseptic Carton Bottles market over the forecast period 2018 to 2028 The report begins with a brief presentation and overview of the Aseptic Carton Bottles market, about the current market landscape, market trends, major market players, product type, application, and region. To get in-depth information view the report
Advancement In Oil & Gas Industry is Likely To Boost Deflagration Flame Arrester …
The development in energy generation and oil & gas sectors has prompted the higher reception of equipment, for example, deflagration flame arresters, whose proposed capacity is to permit flow, however, keep the transmission of flame from either explosion or deflagration. A deflagration flame arresters are relied upon to develop as an essential gadget sooner and are required to be utilized in different applications such as pharmaceuticals, mining, and others. Distinctive

All 5 Releases


More Releases for Data

Weather Station Data Logger Collects Meteorological Data
Complete Weather monitoring using an Intelligent Universal Data Logger A construction company needed to collect meteorological data to study the effects of building materials such as roofing tile. CAS DataLoggers provided the dataTaker DT-85 for an environmental monitoring solution. Long-term monitoring of a variety of weather data is required to determine how the products perform under harsh environmental conditions. The field engineer desired a single recording device to connect with
How to turn Data into Smart Data
Both enterprises and individuals have to process some kind of data every day, whether it is a short message, a notification, a piece of news, statistics, a video, etc. If we accumulate all the data acquired in a month, the amount guarantees to shock anyone. Turning data into smart data As we go through the daily pile of data generated, not only must we record it, we also need to make sense
Data Quality and Data Governance Solution Market
In the enterprise data management ecosystem, data quality is a broad term which refers to the quality, integrity, and consistency of data and/or process etc. Data quality also implies the degree of data accuracy and consistency. On the other hand, data governance focusses on the management of data assets by assigning authority, control, and responsibility of data and encompasses three key areas: people, process, and technology. Data quality and data governance
B2B Data Matching Services | Leo Data Services
B2B Data Matching Services - Revolutionary Marketing Campaigns In today's business scenario, managing successfully B2B Data Matching for prospect customer can be a challenge even the most capable organizations. Business to Business Marketing services from Leo Data Services are always customized to meet the needs of the business prospects. We make sure that our clients have quick, reliable access to their data through several possible interface methods that cover everything from data
B2B Data Services - Data Management - Data Providers
When it comes to Online Marketing, B2B Data Services is a well-known name for maintaining reputation among Digital Marketing competitors. It is a one stop shop for start-ups and enterprises looking for cost cutting and out of box solutions in the field of Data Management and services related to Campaign Marketing, Mobile Viral Marketing, Social Media, Search Engine Optimization, Email Marketing Campaigns and Internet Marketing. Sharing space among the well-established
Portable WiFi Data Loggers Record Data Anywhere!
Grant Squirrel Series Offers Reliable Standalone Operation wifi_dataloggersIf you need a device to collect data in the field, in the lab, or on the factory floor, CAS DataLoggers can provide your application with Portable WiFi Data Loggers from Grant Instruments. Common parameters such as Temperature, Humidity, Voltage, Current, Pressure and Force can all be measured and stored using Grant Squirrel series data loggers. These handheld data loggers have internal batteries allowing them