Latin America Data Collection And Labeling Market Size & Outlook
Latin America data collection and labeling market, 2018-2030 (US$M)
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Latin America data collection and labeling market highlights
- The Latin America data collection and labeling market generated a revenue of USD 286.2 million in 2023.
- The market is expected to grow at a CAGR of 28.8% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 286.2 million |
| Market revenue in 2030 | USD 1,680.5 million |
| Growth rate | 28.8% (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, Latin America region accounted for 9.9% 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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Latin America 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 41.16% in 2023. Horizon Databook has segmented the Latin America 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.
Increasing criminal activities have led to the demand for strengthening security systems in the region, boosting the adoption of data collection and labeling applications. For instance, in March 2020, Brazilian authorities installed 106 smart cameras across Bahia and Sao Paulo to strengthen their security and surveillance and catch criminal offenses.
The government of Sao Paulo has deployed a classification algorithm for real-time analysis with strategic placement of drones and intelligent cameras. Besides, in December 2020, the Argentine National Congress passed an updated law on electronic/digital prescriptions. The EoD Prescriptions Law defines specific measures to digitalize Argentina's health systems.
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Target buyers of Latin America 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 Latin America data collection and labeling market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America data collection and labeling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America data collection and labeling market size, by country, 2018-2030 (US$M)
Latin America Data Collection And Labeling Market Outlook Share, 2023 & 2030 (US$M)
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