Europe Data Labeling Solution And Services Market Size & Outlook
Europe data labeling solution and services market, 2018-2030 (US$M)
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Europe data labeling solution and services market highlights
- The Europe data labeling solution and services market generated a revenue of USD 3,723.0 million in 2023.
- The market is expected to grow at a CAGR of 21.6% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 3,723.0 million |
| Market revenue in 2030 | USD 14,606.5 million |
| Growth rate | 21.6% (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, Europe region accounted for 26.5% 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 |
|---|
Europe 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 33.3% in 2023. Horizon Databook has segmented the Europe 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 Europe regional market is anticipated to witness steady growth during the forecast period. In addition, increasing developments in automotive obstacle detection technologies are expected to fuel the growth of Europe's automobile sector over the forecast period.
In December 2019, Enlitic, Inc. announced a partnership with MLPCare, a Turkey-based private healthcare provider, to integrate clinical artificial intelligence into the healthcare systems of Turkey and adjacent countries in Central Asia and Eastern Europe.
Under the agreement, Enlitic, Inc. is developing, training, and validating its deep learning models for patients in Turkey. Hence, the increased application of data labeling solutions and services is expected to propel the growth of the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe data labeling solution and services market , including forecasts for subscribers. This continent databook contains high-level insights into Europe data labeling solution and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe data labeling solution and services market size, by country, 2018-2030 (US$M)
Europe Data Labeling Solution And Services Market Outlook Share, 2023 & 2030 (US$M)
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