North America Data Collection And Labeling Market Size & Outlook
North America data collection and labeling market, 2018-2030 (US$M)
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North America data collection and labeling market highlights
- The North America data collection and labeling market generated a revenue of USD 917.0 million in 2023.
- The market is expected to grow at a CAGR of 25.9% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 917.0 million |
| Market revenue in 2030 | USD 4,590.6 million |
| Growth rate | 25.9% (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, North America region accounted for 31.6% 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 |
|---|
North 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 24.12% in 2023. Horizon Databook has segmented the North 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.
Early adopters in the North American market, such as the U.S. and Canada, are the frontiers of AI applications in data collection and labeling. Mass adoption of digital devices enabled with face and voice recognition and consumer trends such as online shopping are expected to continue to drive growth in this region.
Principal data protection legislation in the region governs the disclosure and management of personal information collection. Furthermore, increasing investments in North American data collection and labeling companies have spurred the market.
For instance, in May 2022, Sumake North America, a manufacturer of a variety of tools and accessories for automotive, electrical, and industrial applications, automotive, electrical, and industrial applications, introduced the EA-SC100 tool management system.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America data collection and labeling market , including forecasts for subscribers. This continent databook contains high-level insights into North America data collection and labeling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America data collection and labeling market size, by country, 2018-2030 (US$M)
North America Data Collection And Labeling Market Outlook Share, 2023 & 2030 (US$M)
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