According to Fact.MR, the data collection and labelling market will generate $1,848.06 million in revenue by 2022. By 2032, the global data collection and labelling market is expected to be worth $9,670 million USD.
The use of data labelling and analytics in healthcare will result in more opportunities for data collection and labelling. With the rise of artificial intelligence (AI), the internet of things (IoT), and machine learning (ML), advanced data collection and labelling services are required.
The global data collection and labeling market exhibits a meteoric 18% CAGR during the forecast period (2022-2032). The digitization of industries and countries provides an ideal environment for data collection and labeling companies to expand. The data collection and labeling market are experiencing an explosive growth trajectory, driven by a variety of end-uses, including video surveillance, facial recognition, and password privacy.
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Key Companies Profiled
- Appen Limited
- Reality AI
- Globalme Localization Inc.
- Global Technology Solutions
- Labelbox Inc
- Dobility Inc.
- Scale AI Inc.
- Trilldata Technologies Pvt. Ltd.
- Playment Inc.
Positive Investment Flows to Expand Product Portfolio and Research & Development Initiatives of Stakeholders
A positive flow of investments from pharmaceutical giants is likely to propel the development of Data Collection and Labeling and compounds. For instance, in year 2019, Ginkgo Bioworks, Inc. raised funds of more than US$$ 350 Mn through investments from several investors for the development of Data Collection and Labeling. This has helped them increase production capacity.
Market leaders in Data Collection and Labeling such as Noramco, Inc. CannBioRx Life Sciences, Hyasynth Biologicals, Inc. etc are developing Data Collection and Labeling through novel techniques of synthesis. Moreover, these companies are shifting their focus on research and development of molecules through development of strains of microbes and yeast for biosynthesis of synthetic cannabinoid.
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Report benefits & key questions answered
- Post covid consumer spending on Pulse Oximeters: the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
- Data Collection and Labeling demand outlook: the market intelligence study reports highlights the factor propelling the demand for Data Collection and Labeling. As per the study, the demand for Data Collection and Labeling will grow through 2029.
- Data Collection and Labeling historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2019-2029.
- Data Collection and Labeling consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers
Data Collection and Labeling Market Segmentations:
By Data Type
- Retail & E-commerce
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𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡: https://www.globenewswire.com/en/news-release/2022/07/05/2474259/0/en/Smectite-Revenue-to-Grow-3X-between-2022-and-2032-in-Nanoclay-Market-reaching-roughly-US-6-4-Bn-Forecasts-Fact-MR.html
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