Australia Data Labeling Solution And Services Market Size & Outlook
Australia data labeling solution and services market, 2018-2030 (US$M)
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Australia data labeling solution and services market highlights
- The Australia data labeling solution and services market generated a revenue of USD 368.9 million in 2023 and is expected to reach USD 1,492.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 22.1% 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.
Data labeling solution and services market data book summary
| Market revenue in 2023 | USD 368.9 million |
| Market revenue in 2030 | USD 1,492.1 million |
| Growth rate | 22.1% (CAGR from 2023 to 2030) |
| Largest segment | It & telecom |
| Fastest growing segment | Healthcare |
| 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, 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, Australia accounted for 2.6% of the global data labeling solution and services 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 labeling solution and services market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,762.2 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 |
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Australia 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 41.5% in 2023. Horizon Databook has segmented the Australia 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 Australian data labeling sector has recently seen a few significant improvements in investment and expansion. In a fundraising round headed by Alium Capital in 2019, the Australian data labeling firm Daisee raised AUD 8.8 million. Daisee offers AI-powered customer service and compliance solutions, analyzing customer interactions and spotting compliance concerns using advanced NLP and other technologies.
Another Australian startup, Appen, which provides companies with data annotation and labeling services worldwide, has also raised significant funding in recent years. In January 2020, Appen raised AUD $427 million through a share placement, which it used to fund its acquisition of Figure Eight, a USbased provider of data annotation services.
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Our clientele includes a mix of data labeling solution and services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia data labeling solution and services market , including forecasts for subscribers. This country databook contains high-level insights into Australia data labeling solution and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia data labeling solution and services market size, by end use, 2018-2030 (US$M)
Australia Data Labeling Solution And Services Market Outlook Share, 2023 & 2030 (US$M)
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