Press release
Generative AI in Data Labeling Solutions and Services Market Analysis 2024
Generative AI in Data Labeling Solutions and Services Market Analysis
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19076&type=smp
According to The Business Research Company's, The generative artificial intelligence (AI) in data labeling solution and services market size has grown exponentially in recent years. It will grow from $12.46 billion in 2023 to $15.50 billion in 2024 at a compound annual growth rate (CAGR) of 24.4%. The growth in the historic period can be attributed to increasing demand for cost-effectiveness, increasing Investment in AI startups, increasing demand for real-time data processing, increasing focus on data security, and increasing focus on AI ethics.
The generative artificial intelligence (AI) in data labeling solution and services market size is expected to see exponential growth in the next few years. It will grow to $37.31 billion in 2028 at a compound annual growth rate (CAGR) of 24.6%. The growth in the forecast period can be attributed to the expansion of AI applications, growth of e-commerce and digital platforms, the evolution of AI research and development, support for low-resource languages and dialects, and customization for industry-specific needs. Major trends in the forecast period include advanced data augmentation, crowdsourcing with AI assistance, integration with machine learning ops, enhanced object recognition, and advanced natural language processing (NLP) models.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/generative-artificial-intelligence-ai-in-data-labeling-solution-and-services-global-market-report
Market Drivers and Trends:
The increasing volume of data is expected to propel the growth of the generative artificial intelligence (AI) in data labeling solution and services market going forward. The volume of data refers to the amount or quantity of data being generated, collected, or stored. The increasing volume of data is due to the proliferation of digital technologies, which generate and capture vast amounts of information from various sources such as social media, IoT devices, and online transactions. Generative AI data labeling solutions and services help the volume of data by automating the creation of high-quality, annotated datasets, which accelerates the training of machine learning models and reduces the time and cost associated with manual labeling. For instance, in December 2023, according to the UK Business Data Survey 2022, a report published by the gov.uk, a UK-based professional governmental organization, 85% of UK businesses managed digital data in 2022, up from 81% in 2021. Therefore, the increasing volume of data is driving the growth of generative artificial intelligence (AI) in data labeling solution and services market.
Major companies operating in the generative artificial intelligence (AI) in data labeling solution and services market are focusing on developing advanced solutions, such as in-house generative AI services, to enhance data labeling capabilities and meet growing demand. An in-house generative AI service refers to a system or platform developed and maintained internally by an organization to create and utilize AI models for generating content, data, or other outputs. For instance, in October 2023, Sumitomo Chemical Co., Ltd., a Japan-based manufacturer of chemical-based products, launched ChatSCC, which is designed to enhance productivity and optimize the use of proprietary data among the company's approximately 6,500 employees. It offers unique features such as real-time sentiment analysis within conversations, allowing users to instantly gauge and respond to emotional tones, enhancing engagement and communication effectiveness.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Microsoft Corporation, CloudFactory Limited, iMerit Technology Services Pvt. Ltd., Quantiphi Inc., Samasource Inc., Appen Limited, DataRobot Inc., Scale AI Inc., Cogito Technologies Pvt. Ltd., Clarify Inc., Osiz Technologies Private Limited, Clickworker GmbH, Snorkel AI Inc., Labelbox Inc., V7 Lab Inc., SuperAnnotate Inc., Dataloop AI Ltd., Prolific Ltd., Superb AI Inc., Roboflow Inc., Anolytics Inc., Datasaur, LabelMe, Nanonets Inc.
Generative Artificial Intelligence (AI) In Data Labeling Solution And Services Market 2024 Key Insights:
• The generative artificial intelligence (AI) in data labeling solution and services market size is expected to see exponential growth in the next few years. It will grow to $37.31 billion in 2028 at a compound annual growth rate (CAGR) of 24.6%.
• Increasing Volume Of Data Is Driving The Growth Of The Generative AI In Data Labeling Solution And Services Market.
• Advancements In Generative AI In Data Labeling Solution And Services enhanced Market Growth
• North America was the largest region in the generative artificial intelligence (AI) in data labeling solution and services market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/customise?id=19076&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Generative AI in Data Labeling Solutions and Services Market Analysis 2024 here
News-ID: 3723676 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
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…
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…
