Brazil Data Labeling Solution And Services Market Size & Outlook
Brazil data labeling solution and services market, 2018-2030 (US$M)
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Brazil data labeling solution and services market highlights
- The Brazil data labeling solution and services market generated a revenue of USD 164.9 million in 2023 and is expected to reach USD 634.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 21.2% 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 164.9 million |
| Market revenue in 2030 | USD 634.2 million |
| Growth rate | 21.2% (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, Brazil accounted for 1.2% 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 Latin America, Mexico data labeling solution and services market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 634.2 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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Brazil 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 41.78% in 2023. Horizon Databook has segmented the Brazil 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.
Owing to the increased use of computer vision in various industries, including healthcare, automotive, media, and entertainment. For instance, image labeling programs frequently employ data from medical imaging. The need for video content labeling services has increased with the adoption of video surveillance systems.
The president of Brazil signed a law to create a centralized database of the biometric and personal data of over 200 million Brazilian residents in February 2020. Accurate and consistent data labeling is critical for training trustworthy machine learning models.
To ensure high-quality labeled data in Brazil, data labeling firms in the regions are focusing more on quality control procedures, including numerous labeling rounds and quality inspections.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil data labeling solution and services market , including forecasts for subscribers. This country databook contains high-level insights into Brazil data labeling solution and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil data labeling solution and services market size, by end use, 2018-2030 (US$M)
Brazil Data Labeling Solution And Services Market Outlook Share, 2023 & 2030 (US$M)
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