Outlook on the Worldwide Data Collection and Labeling Market (2020 to 2026) - Key Drivers and Restraints - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Data Collection and Labeling Market By Data type, By End User, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.

The Global Data Collection and Labeling Market size is expected to reach $3.5 billion by 2026, rising at a market growth of 28.4% CAGR during the forecast period.

Social media monitoring is one of the most common applications for data collection, as the key factors in digital marketing are visual listening and visual analytics. The technology is also used extensively in security-related applications, such as data collection for facial recognition used by law enforcement agencies.

Many businesses are taking strategic steps by outsourcing data collection and labeling services to create strong machine-learning models. For example, Globalme Localization Inc., a U.S. - based data collection firm, provided Sonos Inc., a U.S .- based audio company with the dialect and accent audio processing. Through collecting accents and speech data across three continents, Sonos Inc. combined the digital home assistants with their wireless speakers. The integration helped to fine-tune the company's speech recognition systems to provide a better voice experience.

Data labeling is the manual solution for machine learning and AI applications data by humans. Labeling data is important because computers have endless shortcomings and some of them can't be overcome easily without human intervention. A machine can potentially be trained to do complex calculations and manage tasks that is expected to be too burdensome for humans to handle manually, but the same cannot tell the difference between a dog's and a car's picture in a photo without proper training. In short, machines use a dataset-based algorithm to understand what normally involves someone to supervise. It is called supervised machine learning loosely because computers require human guidance to be qualified to perform tasks that are difficult for robots, but obviously easy for people like image recognition. Hence, there is the need for a data labeler.

Companies Profiled:

• Avery Dennison Corporation
• Appen Limited
• Reality Analytics, Inc. (Reality AI)
• Alegion, Inc.
• Labelbox, Inc.
• Scale AI, Inc.
• Playment, Inc.
• Dobility, Inc.
• Summa Linguae Technologies S.A. (Globalme Localization, Inc.)
• Global Technology Solutions

Unique Offerings from the Publisher:

• Exhaustive coverage
• Highest number of market tables and figures
• Subscription based model available
• Guaranteed best price
• Assured post sales research support with 10% customization free
  

Key Topics Covered:

1. Market Scope & Methodology

1.1 Market Definition

1.2 Objectives

1.3 Market Scope

1.4 Segmentation

1.4.1 Global Data Collection and Labeling Market, by Data Type

1.4.2 Global Data Collection and Labeling Market, by End User

1.4.3 Global Data Collection and Labeling Market, by Geography

1.5 Methodology for the research

2. Market Overview

2.1 Introduction

2.1.1 Overview

2.1.2 Executive Summary

2.1.3 Market Composition and Scenario

2.2 Key Factors Impacting the Market

2.2.1 Market Drivers

2.2.2 Market Restraints

3. Global Data Collection & Labeling Market by Data Type

3.1 Global Data Collection & Labeling Text Market by Region

3.2 Global Data Collection & Labeling Image/Video Market by Region

3.3 Global Data Collection & Labeling Audio Market by Region

4. Global Data Collection & Labeling Market by Industry Vertical

4.1 Global BFSI & IT Data Collection & Labeling Market by Region

4.2 Global Retail & Ecommerce Data Collection & Labeling Market by Region

4.3 Global Healthcare Data Collection & Labeling Market by Region

4.4 Global Government Data Collection & Labeling Market by Region

4.5 Global Automotive Data Collection & Labeling Market by Region

4.6 Global Others Data Collection & Labeling Market by Region

5. Global Data Collection & Labeling Market by Region

5.1 North America Data Collection & Labeling Market

5.2 Europe Data Collection & Labeling Market

5.3 Asia Pacific Data Collection & Labeling Market

5.4 LAMEA Data Collection & Labeling Market

6. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/a6efq1