China Data Labeling Solution And Services Market Size & Outlook
China data labeling solution and services market, 2018-2030 (US$M)
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China data labeling solution and services market highlights
- The China data labeling solution and services market generated a revenue of USD 1,296.9 million in 2023 and is expected to reach USD 4,922.5 million by 2030.
- The China market is expected to grow at a CAGR of 21% 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 1,296.9 million |
| Market revenue in 2030 | USD 4,922.5 million |
| Growth rate | 21% (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, China accounted for 9.2% 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 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 |
|---|
China 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 29.68% in 2023. Horizon Databook has segmented the China 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.
Significance presence of key players in China is propelling the data labelling solution & services market. For instance, Figure Eight is a global data labelling platform that offers high-quality, cost-effective data labelling solutions to businesses of all sizes.
The company has a large workforce in China that can provide outsourced data labelling services. Similarly, CloudFactory is a data annotation and AI training platform that has a significant presence in China. Offering a range of data labelling services, including image annotation, text annotation, and data categorization.
Key Merger & acquisition in data labelling solution and service field in China is augmenting the market growth. For instance, In March 2021, Chinese-based data labelling solutions provider Datatang acquired Infotech, another Chinese-based data labelling solutions provider.
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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 China data labeling solution and services market , including forecasts for subscribers. This country databook contains high-level insights into China data labeling solution and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China data labeling solution and services market size, by end use, 2018-2030 (US$M)
China Data Labeling Solution And Services Market Outlook Share, 2023 & 2030 (US$M)
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