The Europe Data Collection and Labeling Market would witness market growth of 27.5% CAGR during the forecast period (2020-2026). The benefits such as extracting business insights from socially shared pictures and self-organizing untagged photo collections, the market is expected to witness an increase in technology adoption. It also aims to provide improved safety features in autonomous vehicles, such as identification of emergency vehicles, terrain detection, wear detection and condition monitoring. Machine learning, powered by data processing, has been incorporated in a number of fields, such as robots and drones, automatic visual website image management and face recognition on social networking websites.
In Autonomous Driving, data enables machine learning and artificial intelligence algorithms. Modelling and testing of large-scale public road data is also important. Plenty of post processing, accurate labeling and annotations have to be done to accurately use captured enormous quantities of data. Data processing and marking procedures are usually labour intensive operationally and vulnerable to error. Statistical Natural Language Processing (NLP) models were developed to unlock clinical-text data. In addition, with the advancement in sentiment analysis, text labeling is used heavily in tracking social media to create recommendation systems. For example, e-commerce firms use social media data to influence buying from their customers.
Based on Data type, the market is segmented into Text, Image/Video and Audio. Based on End User, the market is segmented into BFSI & IT, Retail & Ecommerce, Healthcare, Government, Automotive and Others. The report also covers geographical segmentation of Data Collection and Labeling market. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Data Collection and Labeling Market in Europe is expected to register a CAGR of 27.5% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include 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.
Market Segmentation:
By Data Type
By End User
By Country
Companies Profiled
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