Data Collection And Labeling Market Propelling The Growth With CAGR Of 25.6% By 2028 Due To Growing Integration Of Mobile Computing Platforms
Data Collection And Labeling Industry Overview The global data collection and labeling market size was valued at USD 1,307.7 million in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 25.6% from 2021 to 2028. The market is expected to witness a surge in the adoption of the technology owing to benefits such as extracting business insights from socially shared pictures and auto-organizing untagged photo collections. Also, it helps to offer enhanced safety features in autonomous vehicles, such as emergency vehicle detection, terrain detection, wear detection, and condition monitoring, among others. Machine learning, powered by data gathering, has been embedded in several fields, such as robotics & drones, automated image organization of visual websites, and face identification on social networking websites. One of the most popular data collection applications is social media monitoring, as visual listening and visual analytics are the essent...