Data collection and labeling is the process of collecting datasets from various online and other sources and labeling these datasets based on their data type, nature and feature. Data collection is combined with AI technology for creating various growth opportunities in different verticals like e-commerce, gaming and social networking. Social media networking like Twitter, Instagram and Facebook are some of the major platforms that benefits the image processing technology in terms of audience engagement as on this platform users share images and tag their friends. A huge amount of digital and visual information is shared and captured via various digital channels, applications, social networks and websites. This digital and visual information is used by several companies that have helped them to start strategic initiatives for building strong machine learning models which are used in smart home assistance, robotics and drones, automated image organization of visual websites and speech recognition engine. Data collection also offers enhanced safety features in autonomous vehicles like wear detection, vehicle detection, condition monitoring and terrain detection. Data collection and labeling also play a major role in healthcare industry which is used for medical imaging by using computer vision technology that helps to detect the injury or disease and sense patterns.
Data Collection and Labeling Market: Key Players
The research study includes profiles of leading companies operating in the global data collection and labeling market. Key players profiled in the report include: Globalme Localization Inc., BASF, Playment Inc., Global Technology Solutions, Appen Limited, Alegion, Trilldata Technologies Pvt. Ltd., Labelbox Inc., Scale AI Inc. and Dobility Inc.
Drivers for the Global Data Collection and Labeling Market:
The initiation of digital image and information capturing devices like cameras that are built into smartphones is one of the major factor that is boosting the growth of the global data collection and labeling market. Along with this, increasingly adaptation of data collection and labeling technology in the autonomous vehicle which provides vehicle condition monitoring feature is also one of the factor that boost the growth of the global data collection and labeling market. Self-driving cars are increasing in the autonomous industry which uses machine learning, data collection and AI technology also drives the growth of the global data collection and labeling market.
Opportunities for the Global Data Collection and Labeling Market:
Rise in the retail segment due to increase in the online shopping because of image labeling technique used for the picture and print which attracts the consumers that will enhance the growth of the global data collection and labeling market in the forecast period. Along with this, rise in the adoption of the data collection technology that provides benefits like extracting business insights from auto-organizing untagged photo collections and socially shared pictures is also one of the factor that will boost the market growth of the data collection and labeling in the forecast period.
Restrains for the Global Data Collection and Labeling Market:
Error or inaccuracy in data labeling is one of the major challenge that hampers the growth of the global data collection and labeling market. Along with this, huge additional cost required for processing of low resolution is also one of the major factor that is hampering the growth of the global data collection and labeling market.
Region Wise, Global Data Collection and Labeling Market Analysis:
On the basis of region, the AIOps market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. North America held the largest share in the market because of the rapid growth of cloud-based media services, growing integration of mobile computing and artificial intelligence platforms in the e-commerce and digital shopping field. The Europe is also having maximum share in the global data collection and labeling market followed by Asia Pacific.
Global Data Collection and Labeling Market: Product analysis
- Audio
- Image/Video
- Text
Global Data Collection and Labeling Market: Application analysis
- Automotive
- Government
- Healthcare
Global Data Collection and Labeling Market: Region analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- France
- Germany
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- ASEAN
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Colombia
- Rest of L.A.
- Middle East and Africa
- Turkey
- GCC
- UAE
- South Africa
- Rest of Middle East
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