Global Data Labeling Market Size & Outlook, 2023-2030
Global data labeling market, 2018-2030 (US$M)
Related Markets
Global data labeling market highlights
- The global data labeling market generated a revenue of USD 1,029.6 million in 2023 and is expected to reach USD 5,331.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 26.5% by 2030.
- In terms of segment, image/video accounted for a revenue of USD 376.1 million in 2023.
- Audio is the most lucrative data type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,029.6 million |
| Market revenue in 2030 | USD 5,331.0 million |
| Growth rate | 26.5% (CAGR from 2023 to 2030) |
| Largest segment | Image/video |
| Fastest growing segment | Audio |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Text, Image/Video, Audio |
Other key industry trends
- In terms of revenue, the North America accounted for 27.5% of the global data labeling market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 884.5 million by 2030.
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Data Labeling Market Scope
Data Labeling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global data 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 labeling market will help companies and investors design strategic landscapes.
Image/video was the largest segment with a revenue share of 36.53% in 2023. Horizon Databook has segmented the Global data labeling market based on text, image/video, audio covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Data Labeling Data Type Outlook (Revenue, USD Million, 2018-2030)
- Text
- Image/Video
- Audio
- Global Data Labeling Vertical Outlook (Revenue, USD Million, 2018-2030)
- IT
- Automotive
- Government
- Healthcare
- BFSI
- Retail & E-commerce
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global data labeling market , including forecasts for subscribers. This global databook contains high-level insights into Global data labeling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global data labeling market size, by regions, 2018-2030 (US$M)
Top 10 countries: Data labeling market size, 2023 (US$M)
Global data labeling market share, by data type, 2023 & 2030 (%, US$M)
Data labeling market: Opportunity assessment by country
Global data labeling market, by region, 2023 (US$M)
| Data Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 96.7 | 116.7 | 144.6 | 180.4 | 226.0 | 283.1 | 354.3 | 441.6 | 549.5 | 682.8 | 842.8 | 1,036.6 | 1,270.6 | 23.9% |
| Europe | 81.6 | 101.8 | 130.4 | 167.9 | 217.3 | 280.8 | 362.4 | 465.5 | 596.7 | 763.4 | 973.1 | 1,236.3 | 1,565.7 | 27.8% |
| Asia Pacific | 88.7 | 110.9 | 142.2 | 183.5 | 237.9 | 307.9 | 398.1 | 512.4 | 658.1 | 843.6 | 1,076.9 | 1,370.4 | 1,738.3 | 28.1% |
| Latin America | 43.8 | 54.2 | 68.5 | 87.2 | 111.3 | 141.7 | 179.9 | 227.2 | 285.9 | 358.8 | 450.0 | 562.5 | 700.8 | 25.7% |
| MEA | 5.3 | 6.6 | 8.3 | 10.5 | 13.1 | 16.2 | 19.7 | 23.4 | 27.3 | 31.1 | 37.9 | 46.0 | 55.6 | 19.3% |
| Overall | 316.2 | 390.2 | 494.0 | 629.5 | 805.6 | 1,029.6 | 1,314.3 | 1,670.0 | 2,117.5 | 2,679.7 | 3,380.7 | 4,251.9 | 5,331.0 | 26.5% |
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