Data Collection and Labeling in Europe

Key Highlights

• Data collection and labeling is a process used to train the machines to identify raw data such as images, text files, videos, etc. and then add one or more labels to that data to specify its context for models, allowing the machine learning model to make accurate predictions.
• The European data collection and labeling market had total revenues of $582.2 million in 2023, representing a compound annual growth rate (CAGR) of 23.8% between 2018 and 2023.
• The IT segment accounted for the market's largest proportion in 2023, with total revenues of $162.3 million, equivalent to 27.9% of the market's overall value.
• The European region captured the largest share of the global data collection and labeling market in 2023, accounting for 22.9%. Government initiatives are the major factor in the growth of the data collection and labeling market.

Scope

• Save time carrying out entry-level research by identifying the size, growth, and leading players in the data collection and labeling market in Europe
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the data collection and labeling market in Europe
• Leading company profiles reveal details of key data collection and labeling market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Europe data collection and labeling market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the Europe data collection and labeling market by value in 2023?
• What will be the size of the Europe data collection and labeling market in 2028?
• What factors are affecting the strength of competition in the Europe data collection and labeling market?
• How has the market performed over the last five years?
• How large is Europe’s data collection and labeling market in relation to its regional counterparts?