The Europe AI Training Dataset Market would witness market growth of 16.5% CAGR during the forecast period (2021-2027).
AI training datasets are available in different formats and many times, they are challenging to practice. OpenML includes a web platform with Java, R, Python, and other APIs for evaluating algorithms on datasets, benchmarking algorithm performance against many other algorithms, and downloading numerous machine learning datasets. PMLB comprises a large and curated repository of benchmark datasets for assessing supervised machine learning algorithms. It delivers regressed and classified datasets in a rationalized format that can be accessed via Python API.
In Europe, AI has evolved the working style of business management by integration of trend forecasting, workflow management tools, brand purchase advertising, and other tools. Owing to these factors companies are highly investing in machine learning and artificial intelligence technologies, which are giving rise to the growth of the AI training dataset market. In addition, several tech companies and small startups are investing in the adoption of artificial intelligence to increase the efficiency of their businesses. The increase in the demand for artificial intelligence is directly proportional to the growing demand for the training dataset, thereby accelerating the growth of the AI training dataset market.
Moreover, artificial intelligence finds its application in various areas like healthcare, automotive & transportation, educational institutions, oil & gas industries, and other industries in this region. These factors are projected to fuel the demand for the training dataset, leading to augmenting the growth of the AI training dataset market in this region in the future years.
The Germany market dominated the Europe Retail & E-commerce AI Training Dataset Market by Country 2020, thereby, achieving a market value of $25.9 million by 2027. The UK market is exhibiting a CAGR of 17% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 18.8% during (2021 - 2027).
Based on Type , the market is segmented into Image/Video, Text and Audio. Based on End User, the market is segmented into IT & Telecom, Retail & E-commerce, Government, Healthcare, Automotive, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global AI Training Dataset Market Size will Hit $3.1 Billion by 2027, at a CAGR of 17.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google, LLC (Kaggle), Appen Limited, Cogito Tech LLC, Telus International (Telus Corporation), Amazon Web Services, Inc., Microsoft Corporation, Scale AI Inc., Sama Inc., Alegion, and Kinetic Vision, Inc. (Deep Vision Data).
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