South Africa Data Labeling Solution And Services Market Size & Outlook
South Africa data labeling solution and services market, 2018-2030 (US$M)
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South Africa data labeling solution and services market highlights
- The South Africa data labeling solution and services market generated a revenue of USD 18.0 million in 2023 and is expected to reach USD 44.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 13.9% 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 18.0 million |
| Market revenue in 2030 | USD 44.7 million |
| Growth rate | 13.9% (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, South Africa accounted for 0.1% 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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South Africa 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 40.56% in 2023. Horizon Databook has segmented the South Africa 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 e-commerce sector must correctly identify product photos and descriptions to boost search results and consumer suggestions. The customer experience can be enhanced, and sales can be increased with data labeling systems and services that can assist in identifying and categorizing items.
Medical pictures like X-rays, MRIs, and CT scans must be precisely labeled in the healthcare sector to recognize specific anatomical characteristics and anomalies. Medical personnel may identify and diagnose illnesses more precisely using data labeling solutions and services, which will improve patient outcomes.
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 South Africa data labeling solution and services market , including forecasts for subscribers. This country databook contains high-level insights into South Africa data labeling solution and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa data labeling solution and services market size, by end use, 2018-2030 (US$M)
South Africa Data Labeling Solution And Services Market Outlook Share, 2023 & 2030 (US$M)
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