Press release
Data collection and labelling market exhibits meteoric 17% CAGR through 2030 and medical imaging slated for high-growth
Data Collection and Labelling Market
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.
To get in-depth information view the report
https://www.factmr.com/report/4726/data-collection-and-labelling-market
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.
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.
Request for Sample
https://www.factmr.com/connectus/sample?flag=S&rep_id=4726
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.
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.
Need more information about Report Methodology? Click here-
https://www.factmr.com/connectus/sample?flag=RM&rep_id=4726
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.
Full Access of this Exclusive Report is Available at
https://www.factmr.com/checkout/4726/S
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.
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).
Content Source
https://www.factmr.com/media-release/1477/global-data-collection-and-labelling-market
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E-Mail: sales@factmr.com
Website : https://www.factmr.com/
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 exhibits meteoric 17% CAGR through 2030 and medical imaging slated for high-growth here
News-ID: 2273392 • Views: …
More Releases from Fact.MR
Enterprise Network Equipment Market Predicted to Reach US$ 18 Billion by 2027
Accessing, processing, and storing information is essential to the growth of the digital economy, which is projected to propel the enterprise network equipment market worldwide to a valuation of over US$ 18 billion by the end of 2027.
Businesses have begun integrating mobile devices-such as laptops, tablets, and smartphones-into their organizational networks due to the growing acceptance of these devices. This integration necessitates the physical, virtual, and logical design of a…
USB Wall Charger Market to Witness Exponential Growth, Expected to Hit US$ 3.09 …
As of 2023, the USB wall chargers market was valued at US$ 1.68 billion worldwide. By the end of 2033, the global market for USB wall chargers is expected to be valued US$ 3.09 billion, growing at a compound annual growth rate of 6.3%.
The rapid spread of the Internet throughout different locations is credited with creating growth potential in the global industry. It is also anticipated that the significant power…
Organic Fertilizer Market is Set to Hit US$ 16,673.5 Million at a CAGR of 6.4% b …
According to Fact.MR, the organic fertilizer market is anticipated to expand at a 6.4% CAGR between 2024 and 2034. The global market for these goods is anticipated to grow to US$ 16,673.5 million by 2034. Market research and competitive intelligence firm Fact MR states that the worldwide organic fertilizer market is expanding quickly and is predicted to maintain this development trajectory in the upcoming years.
The organic fertilizer industry can see…
Home Healthcare Market to Cross US$ 8,78,383.5 Million, Rising at a CAGR of 9.8% …
The global home healthcare industry is expected to be worth US$3,45,256.6 million in 2024. Through 2034, the market is expected to expand rapidly at a 9.8% CAGR. By 2034, the market is expected to grow to US$ 8,78,383.5 million.
There is an increasing need for in-home healthcare services as the number of senior people rises. Additionally, there is a growing need for the specialized care provided by home healthcare professionals due…
More Releases for Data
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Global Data Analytics Outsourcing Market |data analytics outsourcing, big data o …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Global Data Analytics Outsourcing Market “
The report on data analytics outsourcing market provides analysis for the period 2016 – 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers major trends and technologies playing…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
Data Quality and Data Governance Solution Market - Demand For Cost-Effective Dat …
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…
