India Data Collection And Labeling Market Size & Outlook
India data collection and labeling market, 2018-2030 (US$M)
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India data collection and labeling market highlights
- The India data collection and labeling market generated a revenue of USD 209.2 million in 2023 and is expected to reach USD 1,508.8 million by 2030.
- The India market is expected to grow at a CAGR of 32.6% from 2024 to 2030.
- In terms of segment, it & telecom was the largest revenue generating end use in 2023.
- Retail & E-commerce 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 209.2 million |
| Market revenue in 2030 | USD 1,508.8 million |
| Growth rate | 32.6% (CAGR from 2023 to 2030) |
| Largest segment | It & telecom |
| Fastest growing segment | Retail & E-commerce |
| 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, India accounted for 7.2% 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 Asia Pacific, India data collection and labeling market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,508.8 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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India 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 40.82% in 2023. Horizon Databook has segmented the India 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 Indian government has implemented policies and initiatives to promote the growth of the IT and Business Process Outsourcing (BPO) sectors. This includes providing tax incentives, establishing technology parks, and creating a favorable business environment for companies operating in these sectors.
Such initiatives have played a role in attracting both domestic and international businesses to India for data-related services. India's data collection and labeling market presents significant opportunities for domestic and international companies.
The availability of a large and skilled workforce, cost advantages, and government initiatives have attracted several global organizations to establish their data labeling operations in India. The market is expected to grow further as more businesses recognize the value of high-quality labeled data for machine learning and AI applications.
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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 India data collection and labeling market , including forecasts for subscribers. This country databook contains high-level insights into India data collection and labeling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India data collection and labeling market size, by end use, 2018-2030 (US$M)
India Data Collection And Labeling Market Outlook Share, 2023 & 2030 (US$M)
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