Press release
AI Training Dataset Market Research 2024-2033 - Outlook, Comprehensive Overview, and Competitor Analysis
AI Training Dataset Market
The Business Research Company presents an extensive market research report on the AI Training Dataset Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The ai training dataset market size has grown exponentially in recent years. It will grow from $2.15 billion in 2023 to $2.63 billion in 2024 at a compound annual growth rate (CAGR) of 22.0%. The growth in the historic period can be attributed to rapid growth of ai and machine learning, expanding uses of training datasets in several industries, data quality becoming increasingly important, data privacy and security issues, expanding uses of training datasets in several industry.
The ai training dataset market size is expected to see exponential growth in the next few years. It will grow to $5.73 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%. The growth in the forecast period can be attributed to growing need for analyzing large and complex data, growing use of machine learning, increasing demand for ai applications, rise of edge computing, government initiatives and regulations. Major trends in the forecast period include advancements in ai technologies, growing adoption of advanced technologies in organizations, product innovation, government initiatives, increasing collabration.
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Key Market Players:
Major companies operating in the ai training dataset market report are Google LLC, Microsoft Corporation, Amazon Web Services Inc., International Business Machines Corporation, Oracle Corporation, Alegion, Telus International , Lionbridge Technologies Inc., Samasource Inc., Appen Limited, Appen Limited, Scale AI Inc., Hive, Cogito Tech LLC, EON Reality, Defined.AI, CloudFactory Limited, Deep Vision Data, Labelbox Inc., Playment Inc., SuperAnnotate AI Inc., Dataloop , Kinetic Vision Inc., Globose Technology Solutions Pvt Ltd., Trilldata Technologies
Market Drivers:
The growing adoption of artificial intelligence (AI) solutions in business processes is expected to boost the growth of the AI training dataset market going forward. Artificial intelligence (AI) solutions refer to the application of artificial intelligence techniques, technologies, and methodologies to address specific problems or tasks. The diversity and representativeness of a training dataset are used as they enable AI algorithms, particularly machine learning models, to learn and comprehend patterns and relationships within the data, enhancing the model's ability to generalize its knowledge to unseen instances. For instance, in May 2023, according to a report published by Stepsize AI, a UK-based technology company, the adoption of AI is expected to be widespread, with 70% of software teams integrating AI into their daily operations. Further, among businesses, 55% have already embraced AI, and an additional 15% are planning to adopt AI within 2024. Therefore, the growing adoption of artificial intelligence (AI) solutions in business processes is driving the growth of the AI training dataset market.
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https://www.thebusinessresearchcompany.com/report/ai-training-dataset-global-market-report
The ai training dataset market covered in this report is segmented -
1) By Type: Text, Audio, Image/Video
2) By Deployment Mode: On-premise, Cloud
3) By End-Use Industry: Automotive, BFSI, IT And Telecom, Government, Retail And E-Commerce, Other End-Use Industries
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