Data Labeling Solution and Services Market Set to Reach US$50 Bn by 2030
The global data labeling solution and services market is poised for remarkable growth, with projections indicating that it will attain a substantial revenue milestone of US$50 billion by 2030. The market is expected to demonstrate an impressive CAGR of approximately 22% during the assessment period spanning from 2023 to 2030.
Driving Growth Factors
The burgeoning adoption of data labeling technology is underpinned by several factors. This technology is witnessing a surge in utilization, primarily driven by its applications in the autonomous vehicle sector, thereby fostering growth in the automobile industry. Data labeling solutions enable self-driving cars to identify obstacles, inform drivers about nearby walkways and guardrails, and interpret traffic signals and road signs accurately. A...