Asia Pacific Data Labeling Solution And Services Market Size & Outlook
Asia Pacific data labeling solution and services market, 2018-2030 (US$M)
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Asia Pacific data labeling solution and services market highlights
- The Asia Pacific data labeling solution and services market generated a revenue of USD 4,879.7 million in 2023.
- The market is expected to grow at a CAGR of 22.4% 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, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 4,879.7 million |
| Market revenue in 2030 | USD 20,028.4 million |
| Growth rate | 22.4% (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, Amazon.com Inc, Appen Ltd, Cogito Tech, Uber Technologies Inc, TELUS International (Cda) Inc Ordinary Shares (Sub Voting), Yandex NV Shs Class-A-, clickworker, Zight (formerly CloudApp), CloudFactory, Deep Systems, Edgecase.ai, Explosion AI, Heex Technologies, Labelbox, Scale AI, Shaip, Tagtog |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 34.7% of the global data labeling solution and services 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 20,028.4 million by 2030.
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Data Labeling Solution And Services Market Scope
Data Labeling Solution And Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific data labeling solution and services 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 solution and services market will help companies and investors design strategic landscapes.
It & telecom was the largest segment with a revenue share of 35.91% in 2023. Horizon Databook has segmented the Asia Pacific data labeling solution and services market based on it & telecom, government, healthcare, bfsi, retail & e-commerce covering the revenue growth of each sub-segment from 2018 to 2030.
The rising usage of mobile devices and tablets, quick technical breakthroughs, and the rising importance of social networking in developing economies like India and China, Asia Pacific is expected to grow throughout the projected period.
As an illustration, the Chinese government implemented real name registering laws nationwide, requiring citizens to bind their official government ID to an internet account. The adoption of data labeling solutions is increasing nationwide due to these rules.
The demand for data labeling and annotations will ultimately increase as more smart devices are on the market. The market for data labeling will experience tremendous growth due to the quick advancements in technology and the rising usage of mobile devices and social media.
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Our clientele includes a mix of data labeling solution and services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific data labeling solution and services market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific data labeling solution and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific data labeling solution and services market size, by country, 2018-2030 (US$M)
Asia Pacific Data Labeling Solution And Services Market Outlook Share, 2023 & 2030 (US$M)
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