Global AI Training Dataset Market is valued approximately USD 1.15 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 19.50 % over the forecast period 2021-2027. AI Training data is basically used to provide AI based training and machine learning data to make necessary decisions. For example, if a model for a self-driving car is build, the training dataset will include videos and images labeled to recognize street signs, car signals vs people. Rise in demand of artificial intelligence in various applications such as video, audio recognition pushes the market growth of AI training dataset. For Instance: according to IRDS International Roadmap for Devices The global AI market is estimated to attain USD 390.9 billion by 2025, with CAGR of 55.6%. It also states that AI applications, industrial robotics industries in the big data, medical, video and audio recognition, and autonomous vehicles, can provide those opportunities. Increasing adoption of AI and machine learning by government, defense, and private organization will enhance the market growth However, complex implementation and lack of technical active understanding impedes the growth of the market over the forecast period of 2021-2027. Also, rise in adoption for human and machine interaction is likely to increase the market growth during the forecast period.
The regional analysis of global AI Training Dataset Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the vendors actively focusing on launching latest datasets to enhance the adoption of AI technology various sectors. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing adoption rate of rising technologies would create lucrative growth prospects for the AI Training Dataset Market across Asia-Pacific region.
Major market player included in this report are:
Google, LLC (Kaggle)
Cogito Tech LLC
Lionbridge Technologies, Inc.
Amazon Web Services, Inc.
Scale AI Inc.
Deep Vision Data
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global AI Training Dataset Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers