StrategyR Predicts a $3.3 Billion Market for AI Training Datasets by 2026

StrategyR Predicts a $3.3 Billion Market for AI Training Datasets by 2026
Written by Rajesh Tamada

A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Artificial Intelligence (AI) Training Dataset – Global Market Trajectory & Analytics”.

A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Artificial Intelligence (AI) Training Dataset – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace.

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Edition: 5; Released: January 2022
Executive Pool: 133779
Companies: 254 – Players covered include Alegion; Amazon Web Services, Inc.; Appen Limited; Cogito Tech LLC; Deep Vision Data; Google, LLC; Lionbridge Technologies, Inc.; Microsoft Corporation; Samasource Inc.; Scale AI, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Type (Text, Audio, Image / Video); Vertical (IT, Automotive, Healthcare, Retail & eCommerce, Government, BFSI, Other Verticals)
Geographies:World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Artificial Intelligence (AI) Training Dataset Market to Reach $3.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) Training Dataset estimated at US$1.1 Billion, is projected to reach a revised size of US$3.3 Billion by 2026, growing at a CAGR of 19.2% over the analysis period. Text, one of the segments analyzed in the report, is projected to record a 17.9% CAGR and reach US$1.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Audio segment is readjusted to a revised 19.1% CAGR for the next 7-year period.

The U.S. The market is estimated at $413.9 Million in 2021, While China is Forecast to Reach $582.9 Million by 2026
The Artificial Intelligence (AI) Training Dataset market in the U.S. is estimated at US$413.9 Million in the year 2021. China, the world`s second-largest economy, is forecast to reach a projected market size of US$582.9 Million by the year 2026 trailing a CAGR of 18.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17% and 16.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.5% CAGR.

Image/Video Segment to Reach US$831.3 Million by the year 2026
In the global Image / Video segment, the USA, Canada, Japan, China, and Europe will drive the 21.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$201.3 Million will reach a projected size of US$793.6 Million by the close of the analysis period. China will remain among the fastest-growing in this cluster of regional markets. More

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News Source: PR Newswire