Saudi Arabia Data Labeling Solution And Services Market Size & Outlook
Saudi Arabia data labeling solution and services market, 2018-2030 (US$M)
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Saudi Arabia data labeling solution and services market highlights
- The Saudi Arabia data labeling solution and services market generated a revenue of USD 75.4 million in 2023 and is expected to reach USD 189.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 14.1% 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 75.4 million |
| Market revenue in 2030 | USD 189.5 million |
| Growth rate | 14.1% (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, Saudi Arabia accounted for 0.5% 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 Middle East & Africa, Saudi Arabia data labeling solution and services market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 160.2 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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Saudi Arabia 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 40.45% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Banks and other financial institutions must label data on transactions, fraud detection, and client behavior. These data may be correctly labeled using data labeling systems and services, enhancing risk analysis, fraud detection, and customer satisfaction.
Data labeling is necessary for NLP technologies to recognize and translate human language effectively. To increase the precision of NLP models, data labeling tools and services may help label text data, including chat logs, social media postings, and news articles.
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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 Saudi Arabia data labeling solution and services market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia data labeling solution and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia data labeling solution and services market size, by end use, 2018-2030 (US$M)
Saudi Arabia Data Labeling Solution And Services Market Outlook Share, 2023 & 2030 (US$M)
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