North America AI Training Dataset Market By Type (Image/Video, Text and Audio), By End User (IT & Telecom, Retail & E-commerce, Government, Healthcare, Automotive, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The North America AI Training Dataset Market would witness market growth of 15.7% CAGR during the forecast period (2021-2027).
The growing digitalization of business is accountable to propel the demand for analytical solutions to get the best visualization and strategy developments. Various businesses are inclining towards automation due to which, the demand for AI and machine learning technologies has increased. Data offers several benefits while strategy formulation due to which, its importance has increased in recent years. The better prediction along with improved accuracy of businesses strategies via AI data has appeared as the latest business tool for business holders. On contrary, reduced deployment of AI in emerging and underdeveloped countries may hamper the growth of the AI training dataset market. Though, swift improvement in AI technology is anticipated to fuel the growth of the AI training dataset market during the forecasting years.
North America is witnessing a growing number of internet users, rising investment by big technocrats and connected devices due to this the regional AI training dataset market is growing at a fast pace. In addition, the AI training dataset market is exhibiting good performance across the nations like Canada and the US, which is contributing to the growth of the regional market. Additionally, the presence of various multi-national companies that are involved in artificial intelligence research is driving the demand for AI training datasets.
Moreover, the requirement for training datasets is growing in the region due to the swift deployment of artificial intelligence technology. Further, companies are focusing on bringing certain improvements in the technology like offering more versatile and accurate predictions. For this reason, vendors are introducing several datasets operating across numerous use cases to train the machine learning algorithm. These factors are accountable to increase the demand for the training dataset, thereby propelling the growth of the AI training dataset market.
The US market dominated the North America AI Training Dataset Text Market by Country 2020, thereby, achieving a market value of $261.4 million by 2027. The Canada market is experiencing a CAGR of 18.6% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 17.5% 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 U.S., Mexico, Canada, and Rest of North America.
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).
Scope of the Study
Market Segments Covered in the Report:
By End User
- IT & Telecom
- Retail & E-commerce
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Google, LLC (Kaggle)
- Appen Limited
- Cogito Tech LLC
- Telus International (Telus Corporation)
- Amazon Web Services, Inc.
- Microsoft Corporation
- Scale AI Inc.
- Sama Inc.
- Kinetic Vision, Inc. (Deep Vision Data)
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