The Asia Pacific AI Training Dataset Market would witness market growth of 19.4% CAGR during the forecast period (2021-2027).
The growing deployment of automation technology in several industries like automotive and manufacturing is anticipated to significantly surge the growth of the AI training dataset market in the coming years. The artificial Intelligence training dataset is also known as a learning set, ground truth data, and training dataset. Mainly, an AI training dataset is a kind of information that is utilized to train a machine learning model that contains both input and output data. AI and MI models commonly utilize several kinds of datasets to learn and identify several data patterns to use diverse technologies so that models can provide precise output while it's implemented in real-world applications.
Various nations in this region like China, South Korea, and India are developing as manufacturing hubs. Due to this reason, industries in these nations are highly deploying artificial intelligence and automated solutions to gain a competitive edge and achieve the highest productivity rate. This is accountable to fuel the demand for training datasets in the region, thus propelling the regional market growth. In addition, the private and public sectors are increasingly adopting advanced technologies like artificial intelligence and machine learning, which are supporting the growth of the regional AI training dataset market.
Additionally, many small enterprises are entering various industries and surging the demand for artificial intelligence technology, which is supporting the AI training dataset market. Moreover, China is the major contributor as numerous key players of different industries are present in this nation. Thus, it is anticipated that China would create lucrative opportunities for the market vendors of artificial technology that will further boost the growth of the AI training dataset market in the upcoming years.
The Image/Video market dominated the Malaysia AI Training Dataset Market by Type 2020, thereby, achieving a market value of $22.4 million by 2027. The Text market is estimated to grow at a CAGR of 23.4% during (2021 - 2027). Additionally, The Audio market is showcasing highest CAGR of 24.2% during (2021 - 2027).
Based on Type , the market is segmented into Image/Video, Text and Audio. Based on End User, the market is segmented into IT & Telecom, Retail & E-commerce, Government, Healthcare, Automotive, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide AI Training Dataset Market is Projected to reach USD 3.1 Billion by 2027, at a CAGR of 17.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google, LLC (Kaggle), Appen Limited, Cogito Tech LLC, Telus International (Telus Corporation), Amazon Web Services, Inc., Microsoft Corporation, Scale AI Inc., Sama Inc., Alegion, and Kinetic Vision, Inc. (Deep Vision Data).
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