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Increasing Volume Of Data Is Driving The Growth Of The Generative AI In Data Labeling Solution And Services Market.: Key Factor Driving The Growth In The Generative Artificial Intelligence (AI) In Data Labeling Solution And Services Market
Generative Artificial Intelligence (AI) In Data Labeling Solution And Services
What Is the Expected Generative Artificial Intelligence (AI) In Data Labeling Solution And Services Market Size During the Forecast Period?
The generative AI in data labeling solutions and services market size will grow from $15.5 billion in 2024 to $19.34 billion in 2025, with a CAGR of 24.7%. The historic growth is attributed to the rising demand for cost-effective solutions, increased investment in AI startups, the need for real-time data processing, heightened focus on data security, and the growing importance of AI ethics.
The generative AI in data labeling solutions market size is expected to reach $46.4 billion in 2029 at a CAGR of 24.5%. This growth is attributed to AI applications, e-commerce and digital platform growth, AI research development, support for low-resource languages, and customization for industry needs. Key trends include advanced data augmentation, crowdsourcing with AI, machine learning ops integration, object recognition, and NLP model advancements.
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What Are the High-Growth Segments in the Generative Artificial Intelligence (AI) In Data Labeling Solution And Services Market?
The generative artificial intelligence (AI) in data labeling solution and services market covered in this report is segmented -
1) By Type: Audio-Based, Image Or Video-Based, Text-Based
2) By Labeling Type: Automatic, Manual, Semi-Supervised
3) By Sourcing Type: In-House, Outsourced
4) By Vertical: Automotive, Financial Services, Government, HealTH*Care, Information Technology (IT) Data, Retail, Other Verticals
Subsegments:
1) By Audio-Based: Speech Recognition, Audio Transcription, Sound Classification, Voice Annotation
2) By Image Or Video-Based: Object Detection, Image Segmentation, Video Annotation, Facial Recognition
3) By Text-Based: Sentiment Analysis, Named Entity Recognition (NER), Text Classification, Document Annotation
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What Key Drivers Are Expected to Influence Future Generative Artificial Intelligence (AI) In Data Labeling Solution And Services Market Growth?
The rising volume of digital data is expected to expand generative AI in data labeling solutions and services. The surge in data comes from social media, IoT, and digital transactions. Generative AI helps by automatically producing labeled datasets, speeding up machine learning processes. According to the UK Business Data Survey in December 2023, 85% of UK businesses managed digital data in 2022, up from 81% in 2021. This trend is boosting demand for AI-driven data labeling.
Which Companies Hold the Largest Share Across Different Generative Artificial Intelligence (AI) In Data Labeling Solution And Services Market Segments?
Major companies operating in the generative artificial intelligence (AI) in data labeling solution and services market are 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.
What Generative Artificial Intelligence (AI) In Data Labeling Solution And Services Market Trends Are Gaining Traction Across Different Segments?
Major Companies in the generative AI in the data labeling solutions and services market are focusing on developing in-house generative AI services to improve data labeling capabilities and meet increasing demand. In-house generative AI services are platforms developed and maintained internally by organizations to create and utilize AI models for generating content, data, or other outputs. For example, in October 2023, Sumitomo Chemical Co., Ltd., a Japan-based chemical manufacturer, launched ChatSCC, a tool designed to enhance productivity and optimize data use among the company's 6,500 employees. The service includes features like real-time sentiment analysis during conversations, allowing users to immediately respond to emotional tones, improving engagement and communication effectiveness.
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What Are the Emerging Geographies for The Generative Artificial Intelligence (AI) In Data Labeling Solution And Services Market Growth?
North America was the largest region in the generative artificial intelligence (AI) in data labeling solution and services market in 2024. The regions covered in the generative artificial intelligence (AI) in data labeling solution and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Generative Artificial Intelligence (AI) In Data Labeling Solution And Services Market?
2. What is the CAGR expected in the Generative Artificial Intelligence (AI) In Data Labeling Solution And Services Market?
3. What Are the Key Innovations Transforming the Generative Artificial Intelligence (AI) In Data Labeling Solution And Services Industry?
4. Which Region Is Leading the Generative Artificial Intelligence (AI) In Data Labeling Solution And Services Market?
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