Canada Data Collection And Labeling Market Size & Outlook
Canada data collection and labeling market, 2018-2030 (US$M)
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Canada data collection and labeling market highlights
- The Canada data collection and labeling market generated a revenue of USD 239.4 million in 2023 and is expected to reach USD 1,411.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 28.9% from 2024 to 2030.
- In terms of segment, it & telecom was the largest revenue generating end use in 2023.
- BFSI is the most lucrative end use segment registering the fastest growth during the forecast period.
Data collection and labeling market data book summary
| Market revenue in 2023 | USD 239.4 million |
| Market revenue in 2030 | USD 1,411.8 million |
| Growth rate | 28.9% (CAGR from 2023 to 2030) |
| Largest segment | It & telecom |
| Fastest growing segment | BFSI |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 8.3% of the global data collection and labeling market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. data collection and labeling market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,411.8 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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Canada 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 33.12% in 2023. Horizon Databook has segmented the Canada 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.
Canada's data collection and labeling market has been growing steadily in recent years and is expected to continue its growth trajectory in the coming years. Canada has robust data protection laws, including the Personal Information Protection and Electronic Documents Act (PIPEDA).
These regulations prioritize data privacy and security, compelling organizations to focus on accurate data labeling to ensure compliance and protect user privacy. Moreover, Canada has been at the forefront of AI and ML research, with several renowned research institutes and universities specializing in these fields.
The presence of research institutions and their collaborations with the data collection and labeling industry have contributed to the market growth in Canada.
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Target buyers of Canada 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 country-level data and insights on the Canada data collection and labeling market , including forecasts for subscribers. This country databook contains high-level insights into Canada data collection and labeling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada data collection and labeling market size, by end use, 2018-2030 (US$M)
Canada Data Collection And Labeling Market Outlook Share, 2023 & 2030 (US$M)
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