Report Studies
• The global "Data Collection and Labeling Market" was valued at US$ 5.2 billion in 2023 and is predicted to reach US$ 16.8 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 21.4% during the forecast period (2023-2030).
• The market is expected to witness a surge in the adoption of the technology owing to benefits such as extracting business insights from socially shared pictures and auto-organizing untagged photo collections.
• Also, it helps in offering enhanced safety features in autonomous vehicles, such as emergency vehicle detection, terrain detection, wear detection, and condition monitoring.
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