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Worldwide Data Collection and Labeling Industry to 2028 - Featuring Global Technology Solutions, Alegion and Labelbox Among Others

Worldwide Data Collection and Labeling Industry to 2028 - Featuring Global Technology Solutions, Alegion and Labelbox Among Others
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Worldwide Data Collection and Labeling Industry to 2028 - Featuring Global Technology Solutions, Alegion and Labelbox Among Others

Worldwide Data Collection and Labeling Industry to 2028 - Featuring Global Technology Solutions, Alegion and Labelbox Among Others
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

Data Collection And Labeling Market Size Worth $8 22 Billion By 2028: Grand View Research, Inc

Data Collection And Labeling Market Size Worth $8.22 Billion By 2028: Grand View Research, Inc. data collection and labeling market size is expected to reach USD 8.22 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 25.6% from 2021 to 2028. Data collection and labeling refer to the process of collecting datasets from online sources and other sources and labeling them based on their nature, data type, and feature. Data gathering and its annotation, combined with artificial intelligence (AI) technology, have created valuable growth opportunities in several verticals, such as gaming, social networking, and e-commerce. For instance, Twitter and Facebook, two major platforms in the world of social networking, have benefited from the image processing technology in terms of audience engagement as they have created a more connected experience by encouraging users to share images and tag their friends.

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