South Korea Data Labeling Solution And Services Market Size & Outlook
South Korea data labeling solution and services market, 2018-2030 (US$M)
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South Korea data labeling solution and services market highlights
- The South Korea data labeling solution and services market generated a revenue of USD 574.4 million in 2023 and is expected to reach USD 2,762.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 25.2% 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 574.4 million |
| Market revenue in 2030 | USD 2,762.2 million |
| Growth rate | 25.2% (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, South Korea accounted for 4.1% 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 Asia Pacific, India data labeling solution and services market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,762.2 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 |
|---|
South Korea 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 32.89% in 2023. Horizon Databook has segmented the South Korea 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 key companies operating in the data labeling solutions and services industry are adopting various strategic initiatives for to expand their channel reach and technology innovations in the solutions and services catering to the users across booming end use verticals such as IT & telecommunications, automotive, media & entertainment, etc.
For instance, In January 2022, AIMMO, a Korean firm that labels and categorizes image, video, sound, text, and sensor fusion data using software and people, developed an AI data annotation platform that speeds up data labeling for businesses. To enhance its data labeling technology and fuel worldwide expansion, AIMMO raised $12 million in Series A financing.
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Our clientele includes a mix of data labeling solution and services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea data labeling solution and services market , including forecasts for subscribers. This country databook contains high-level insights into South Korea data labeling solution and services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea data labeling solution and services market size, by end use, 2018-2030 (US$M)
South Korea Data Labeling Solution And Services Market Outlook Share, 2023 & 2030 (US$M)
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