Germany Data Labeling Solution And Services Market Size & Outlook
Germany data labeling solution and services market, 2018-2030 (US$M)
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Germany data labeling solution and services market highlights
- The Germany data labeling solution and services market generated a revenue of USD 874.5 million in 2023 and is expected to reach USD 3,775.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 23.2% from 2024 to 2030.
- In terms of segment, it & telecom was the largest revenue generating end use in 2023.
- BFSI 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 874.5 million |
| Market revenue in 2030 | USD 3,775.3 million |
| Growth rate | 23.2% (CAGR from 2023 to 2030) |
| Largest segment | It & telecom |
| Fastest growing segment | BFSI |
| 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, Germany accounted for 6.2% 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 Europe, UK data labeling solution and services market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,775.3 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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Germany 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 33.52% in 2023. Horizon Databook has segmented the Germany 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 Germany's strong data protection rules, companies are doing business and they ensure that the data use for AI and machine learning applications are correctly identified and safeguarded. Data labeling services that may assist businesses in meeting these criteria are fueling the market growth.
Germany has a strong ecosystem for startups and small and medium-sized enterprises (SMEs). Many of these businesses are creating advanced AI and machine learning solutions that need much-labeled data. Businesses increasingly need data labeling services to scale their AI and machine learning applications.
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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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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany data labeling solution and services market , including forecasts for subscribers. This country databook contains high-level insights into Germany data labeling solution and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany data labeling solution and services market size, by end use, 2018-2030 (US$M)
Germany Data Labeling Solution And Services Market Outlook Share, 2023 & 2030 (US$M)
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