The global AI Training Dataset Market size is expected to reach USD 8,607.1 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 22.2% from 2022 to 2030. Artificial intelligence technology is proliferating. As organizations are transitioning towards automation, the demand for technology is rising. The technology has provided unprecedented advances across various industry verticals, including marketing, healthcare, logistics, transportation, and many others. The benefits of integrating the technology across multiple operations of the organizations have outweighed its costs, thereby driving adoption.
Due to the rapid
adoption of artificial intelligence technology, the need for training datasets
is rising exponentially. To make the technology more versatile and accurate
with its predictions, many companies are entering the market by releasing
various datasets operating across different use cases to train the machine
learning algorithm. Such factors are substantially contributing to market
growth. Prominent market participants such as Google, Microsoft, Apple Inc,
Amazon have been focusing on developing various artificial intelligence
training datasets. For instance, in September 2021, Amazon launched a new
dataset of commonsense dialogue to aid research in open-domain conversation.
Factors such as the
cultivation of new high-quality datasets to speed up the development of AI
technology and deliver accurate results are driving the market growth. For
instance, in January 2019, IBM Corporation, a technology company, announced the
release of a new dataset that comprises 1 million images of faces. This dataset
was released to help developers train their face recognition systems supported
by artificial intelligence technology with a diverse dataset. This dataset will
allow them to increase the accuracy of face identification. For instance, in
May 2021, IBM launched a new data set called CodeNet with 14 million sample
sets to develop machine learning models that can help in programming tasks.
Related Press
Release@ AI Training Dataset Market Report
AI Training Dataset
Market Report Highlights
- Increasing
creation of synthetic training data for unsupervised and supervised
training of machine learning algorithms is driving the adoption of
datasets by organizations thereby catalyzing market growth
- The image/video
segment is expected to portray a high growth rate, with a CAGR of
approximately 25.0% over the projected period
- In Asia Pacific,
the market is expected to have significant growth over the forecast
period, owing to the substantial adoption of AI technology
List of Key Players in the AI Training Dataset Market
·
Google, LLC (Kaggle)
·
Appen Limited
·
Cogito Tech LLC
·
Lionbridge Technologies, Inc.
·
Amazon Web Services, Inc.
·
Microsoft Corporation
·
Scale AI Inc.
·
Samasource Inc.
·
Alegion
·
Deep Vision Data
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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