AI Training Dataset Market to reach USD 4.0 billion by 2027.Global AI Training Dataset Market is valued approximately USD 1.15 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 19.50 % over the forecast period 2021-2027. AI Training data is basically used to provide AI based training and machine learning data to make necessary decisions. For example, if a model for a self-driving car is build, the training dataset will include videos and images labeled to recognize street signs, car signals vs people. Rise in demand of artificial intelligence in various applications such as video, audio recognition pushes the market growth of AI training dataset.
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For Instance: according to IRDS International Roadmap for Devices The global AI market is estimated to attain USD 390.9 billion by 2025, with CAGR of 55.6%. It also states that AI applications, industrial robotics industries in the big data, medical, video and audio recognition, and autonomous vehicles, can provide those opportunities. Increasing adoption of AI and machine learning by government, defense, and private organization will enhance the market growth However, complex implementation and lack of technical active understanding impedes the growth of the market over the forecast period of 2021-2027. Also, rise in adoption for human and machine interaction is likely to increase the market growth during the forecast period.
The regional analysis of global AI Training Dataset Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the vendors actively focusing on launching latest datasets to enhance the adoption of AI technology various sectors. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing adoption rate of rising technologies would create lucrative growth prospects for the AI Training Dataset Market across Asia-Pacific region.
Major market player included in this report are:
Google, LLC (Kaggle)
Appen Limited
Cogito Tech LLC
Lionbridge Technologies, Inc.
Amazon Web Services, Inc.
Microsoft Corporation
Scale AI Inc.
Samasource Inc.
Alegion
Deep Vision Data
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Text
Image/Video
Audio
By Vertical:
IT
Automotive, Government
Healthcare
BFSI
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Market research objective you provided focuses on conducting a comprehensive analysis of a specific market. Here is a breakdown of the research objectives you mentioned:
To analyze and forecast the market size of the market:
- This objective involves assessing the current market size and using historical data and market trends to forecast its future size.
- This analysis helps in understanding the market’s growth potential and opportunities.
To classify and forecast the global market based on product, material, application, and region:
- This objective aims to categorize the market based on different factors such as product types, materials used, applications, and geographical regions.
- It also involves forecasting the market size and growth for each category, providing a detailed understanding of market segmentation.
To identify drivers and challenges for the global market:
- This objective focuses on identifying the factors that drive market growth and those that pose challenges or constraints.
- Understanding the drivers helps in recognizing opportunities, while understanding the challenges allows for mitigation strategies and informed decision-making.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations, and partnerships in the market:
- This objective involves analyzing the competitive landscape of the market. It includes studying activities such as mergers and acquisitions, agreements, collaborations, and partnerships among market players.
- This analysis provides insights into the market’s competitive dynamics and strategic moves by key players.
To conduct pricing analysis for the market:
- This objective aims to analyze pricing strategies within the market. It involves assessing pricing trends, price variations based on different factors, and understanding price sensitivity among customers.
- This analysis helps in formulating effective pricing strategies for market players.
To identify and analyze the profile of leading players operating in the market:
- This objective involves profiling and analyzing the key players in the market. It includes studying their business strategies, financial performance, product portfolios, market share, and competitive advantages.
- This analysis helps in understanding the competitive landscape and benchmarking against industry leaders.
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