Asia Pacific Data Collection And Labeling Market Size & Outlook
Asia Pacific data collection and labeling market, 2018-2030 (US$M)
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Asia Pacific data collection and labeling market highlights
- The Asia Pacific data collection and labeling market generated a revenue of USD 883.1 million in 2023.
- The market is expected to grow at a CAGR of 30.9% from 2024 to 2030.
- In terms of segment, it & telecom was the largest revenue generating end use in 2023.
- Healthcare is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 883.1 million |
| Market revenue in 2030 | USD 5,807.3 million |
| Growth rate | 30.9% (CAGR from 2023 to 2030) |
| Largest segment | It & telecom |
| Fastest growing segment | Healthcare |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | IT & Telecom, Government, Healthcare, BFSI, Retail & E-commerce |
| Key market players worldwide | Allegion PLC, Appen Ltd, TELUS International (Cda) Inc Ordinary Shares (Sub Voting), Reality AI, Globalme, Global Technology Solutions, Labelbox, Dobility, Scale AI |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.5% of the global data collection and labeling market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,807.3 million by 2030.
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Data Collection And Labeling Market Scope
Data Collection And Labeling Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific data collection and labeling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to data collection and labeling market will help companies and investors design strategic landscapes.
It & telecom was the largest segment with a revenue share of 35.02% in 2023. Horizon Databook has segmented the Asia Pacific data collection and labeling market based on it & telecom, government, healthcare, bfsi, retail & e-commerce covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific region is a prominent player in the global data collection and labeling market and is expected to continue to experience strong growth in the coming years. Increasing penetration of data collection and labeling solutions, and annotation tools for biometry applications has been witnessed in the region.
For instance, YITU Tech, a Shanghai-based biometrics solution provider, has gained recognition for its image scan platform. This platform can identify an individual from a database containing over two billion images in a fraction of a second.
Amid the COVID-19 outbreak, the use of data collection and labeling services increased due to the exponential rise in patients, reports, and medical imaging applications. Strict regulations on protecting personal information are expected to restrict the data collection process in the region.
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Target buyers of Asia Pacific data collection and labeling market databook
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Our clientele includes a mix of data collection and labeling market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific data collection and labeling market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific data collection and labeling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific data collection and labeling market size, by country, 2018-2030 (US$M)
Asia Pacific Data Collection And Labeling Market Outlook Share, 2023 & 2030 (US$M)
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