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Data Collection and Labeling Market to Register 18% CAGR, Exceeding US$ 9,670 Million by 2032

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Paris, Nov. 17, 2022 (GLOBE NEWSWIRE) — Fact.MR’s latest research report on the global data collection and labeling market offers comprehensive analysis on the leading segments in terms of data type, vertical, and region. It also provides crucial information about key players and the strategies adopted to gain competitive edge. The report covers vital factors, key trends, and growth opportunities impacting the sales in the market.

Fact.MR – A Market Research and Competitive Intelligence Provider: Overall sales in the data collection and labeling market are expected to increase from US$ 1,848.06 Million in 2022 to US$ 9,670 Million in 2032. The demand in the market is projected to surge at an impressive 18% CAGR during the forecast period from 2022 to 2032. Growth in the market is attributed to the technological advancement and development of healthcare infrastructure.

Increasing digitization in healthcare and government sectors is expected to improve the adoption of data collection and labelling market. As integration of artificial intelligence (AI) surges across the diverse industries such as healthcare, automotive, and government, the use of data collection and labelling software is expected to increase. With increasing prevalence of chronic disorders across the globe, healthcare professionals are improving the adoption of data collection and labelling software.

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Further, extensive reliance on cloud-based and AI-integrated services in healthcare sector, especially in developed countries such as the U.S., Germany, and the U.K. is another factor propelling the demand in the market. As per the study, the U.S. is expected to account for nearly 27% of revenue in the global data collection and labelling market.

In addition to this, India is expected to be the second-most remunerative market over the forecast period. With rising government funding coupled with growing digital literacy among millennials and Gen-Zs, the demand for data collection and labelling software is increasing. As population in India is rising at an incredible pace, the need for automated data collection and labelling software and services is growing.

Key Takeaways:

  • In terms of data type, the image/video analysis is expected to contribute over 35% of sales in the global data collection and labelling market.
  • Based on vertical, the healthcare segment is expected to generate maximum revenues, followed by automotive segment through 2022 & beyond.
  • With growing inclination towards AI-based and cloud-based services, the U.S. is expected to emerge as the most dominant market over the forecast period.
  • India is predicted to spearhead the growth in South Asia data collection and labelling market through 2032.
  • China is likely to contribute nearly 2/5th of revenues in the global data collection and labelling market.

Growth Drivers:

  • Rising penetration of AI and machine learning in healthcare and automotive industries will drive the demand in the market.
  • Increasing demand for interactive and engaging image and content is improving the adoption of data collection and labelling software.

Restraints:

  • High cost associated with the research required for the development of the technology might limit the sales in the market.

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Competitive Landscape

Key players in the market are engaging in strategic collaboration and mergers to strengthen their position in the market. Some of the players are investing in product development and integrating interactive and AI-based user friendly platforms to gain revenue. Meanwhile, other players are forming alliances with end users to expand their customer base and stay ahead in the competition.

For instance,

  • In 2022, Banyan Software, Inc., company focused on acquiring and building enterprise software businesses announced the acquisition of Innovatum. The acquisition of the company enables the automation of product and package labeling and regulatory data upload in the life sciences industry.
  • In January 2022, Labelbox, a startup focusing on data labelling raised around US$ 110 Million funding for its Series D funding. This software will allow businesses to integrate a managed workforce and data labeling service with assured accurate and consistent data.
  • In October 2022, Scale AI, a leading data collection and labelling provider announced the launch of service called Scale Rapid, technologically advanced system ensuring data labeling within one to three hours.

Key Players in the Data Collection and Labeling Market Include:

  • Appen Limited
  • Reality AI
  • Globalme Localization Inc.
  • Global Technology Solutions
  • Alegion
  • Labelbox Inc.
  • Dobility Inc.
  • Scale AI Inc.
  • Trilldata Technologies Pvt. Ltd.
  • Playment Inc.

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More Valuable Insights on Data Collection and Labelling Market

Fact.MR provides an unbiased analysis of the data collection and labelling market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the global data collection and labelling market with a detailed segmentation on the basis of:

By Data Type

  • Text
  • Image/Video
  • Audio

By Vertical

  • IT
  • Automotive
  • Government
  • Healthcare
  • BFSI
  • Retail & E-commerce
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

Key Questions Covered in the Data Collection and Labelling Market Report

  • What will be the demand outlook for the data collection and labelling market during the forecast period?
  • Which are the challenges faced in the data collection and labelling market?
  • Which region will lead the growth in the global data collection and labelling market during 2022-2032?
  • What is the projected market valuation of the data collection and labelling market in 2032?
  • Which are the factors driving the data collection and labelling during 2022-2032?
  • Which vertical will generate maximum revenue in the global data collection and labelling market?

Explore Fact.MR’s Coverage on the Technology Domain

Data Center Market: The global data center market is expected to increase from US$ 279 Billion in 2022 to US$ 77 Billion in 2032. Demand for new data centers in the market is predicted to surge at 14.3% CAGR in the market. Sales in the market are projected to soar at 13.8% CAGR between 2022 and 2032.

Data Extraction Software Market: The demand in the market is predicted to rise due to growing adoption of cloud-based software in the baking, retail, and healthcare sectors across the globe. As per the study, government and healthcare segment are expected to generate highest revenue in the global data extraction software market.

Data Protection Software Market: The data protection software market is expected to witness staggering growth at 31.5% CAGR between 2022 and 2032. Demand in the market is expected to reach US$ 18,500 Million by the end of 2032. Sales are expected to burgeon with rising incidence of data and cyber-security theft across the diverse industries.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That’s why focus on offering insights that can actually make a difference to bottom-lines.

Specialties: Competition Tracking, Customized Research, Syndicated Research, Investment Research, Social Media Research, Business Intelligence, Industry Analysis, Thought Leadership.

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Artificial Intelligence

Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website

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May 11, 2024

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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.

“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
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Artificial Intelligence

WIO Taps Gracenote to Revolutionize Television Broadcast Reporting

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May 11, 2024

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LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.

By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.
“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.
“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.
About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.
About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.
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IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility

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May 10, 2024

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BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.

Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 
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