Latin America Data Labeling Solution And Services Market Size & Outlook
Latin America data labeling solution and services market, 2018-2030 (US$M)
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Latin America data labeling solution and services market highlights
- The Latin America data labeling solution and services market generated a revenue of USD 1,052.7 million in 2023.
- The market is expected to grow at a CAGR of 19.8% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,052.7 million |
| Market revenue in 2030 | USD 3,734.2 million |
| Growth rate | 19.8% (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, Latin America region accounted for 7.5% 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 |
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Latin America 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 41.79% in 2023. Horizon Databook has segmented the Latin America 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.
Some of the top automakers in the world, including Mercedes-Benz, BMW, Volkswagen, and Audi, have made significant foreign investments in Brazil's automotive manufacturing sector, which is mainly responsible for its explosive expansion.
Data labeling solutions are more popular as intelligent automation technologies are adopted in the automobile industry. Implementing internal data labeling solutions enables firms to create dependable labeling procedures and scalable data management systems. Competitors can also establish unique procedures by their needs and preferences.
Additionally, setting up internal data labeling teams offers better knowledge and control of operational processes, which is advantageous from an organizational standpoint. These elements are anticipated to support the segment's expansion in the region.
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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 continent-level data and insights on the Latin America data labeling solution and services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America data labeling solution and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America data labeling solution and services market size, by country, 2018-2030 (US$M)
Latin America Data Labeling Solution And Services Market Outlook Share, 2023 & 2030 (US$M)
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