AI Training Dataset Market Trends and Forecast
The future of the global AI training dataset market looks promising with opportunities in the IT, automotive, government, healthcare, BFSI, and retail & e-commerce markets. The global AI training dataset market is expected to reach an estimated $5.8 billion by 2030 with a CAGR of 20.3% from 2024 to 2030. The major drivers for this market are growing demand for diverse, high-quality datasets, increasing need for enhanced ai accuracy, and proliferation of big data in worldwide.
• Lucintel forecasts that text is expected to witness the highest growth over the forecast period.
• Within this market, IT is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Training Dataset Market
• United States: Microsoft announced a $1 billion investment in AI training data and research, partnering with OpenAI to enhance dataset quality and diversity.
• China: Baidu launched an initiative to create the largest AI training dataset in Asia, with government support aiming to boost AI development by 2025.
• United Kingdom: Oxford University and Google DeepMind collaborated on a project to develop advanced AI training datasets, supported by UK government grants.
• India: Infosys announced a strategic plan to expand its AI training dataset capabilities, targeting collaboration with academic institutions and the government’s Digital India initiative.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Training Dataset Market by Segment
The study includes a forecast for the global AI training dataset market by type, application, and region.
AI Training Dataset Market by Type [Value from 2018 to 2030]:
• Text
• Image/Video
• Audio
AI Training Dataset Market by Application [Value from 2018 to 2030]:
• IT
• Automotive
• Government
• Healthcare
• BFSI
• Retail & E-Commerce
• Others
AI Training Dataset Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Training Dataset Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI training dataset companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI training dataset companies profiled in this report include-
• Google
• Appen Limited
• Cogito Tech
• Lionbridge Technologies
• Amazon Web Services
• Microsoft Corporation
• Scale AI
• Samasource
• Alegion
• Deep Vision Data
Recent Development in the AI Training Dataset Market
• Google: Launched a new initiative to develop and release high-quality, labeled training datasets for machine learning researchers. This move is aimed at accelerating innovation in AI by providing accessible and diverse data resources for training models.
• IBM: Announced the expansion of its Watson AI training dataset repository, which includes a wide range of annotated data across various industries. This initiative focuses on enhancing the quality and comprehensiveness of datasets available to AI developers.
• Amazon Web Services (AWS): Introduced a new service, Amazon SageMaker Ground Truth, which simplifies the creation and management of training datasets. This service uses machine learning to automatically label data, improving the efficiency and accuracy of dataset preparation.
• Facebook AI Research (FAIR): Released a large-scale, diverse dataset for natural language processing (NLP) tasks. This dataset is part of Facebook’s commitment to open research and aims to support the development of more robust and generalized AI models.
• NVIDIA: Collaborated with leading universities to develop specialized datasets for training AI models in healthcare. This initiative is designed to advance medical AI applications by providing high-quality, domain-specific training data that can improve diagnostic accuracy and patient outcomes.
Features of the Global AI Training Dataset Market
Market Size Estimates: AI training dataset market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI training dataset market size by type, application, and region in terms of value ($B).
Regional Analysis: AI training dataset market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI training dataset market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI training dataset market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q1. What is the AI training dataset market size?
Answer: The global AI training dataset market is expected to reach an estimated $5.8 billion by 2030.
Q2. What is the growth forecast for AI training dataset market?
Answer: The global AI training dataset market is expected to grow with a CAGR of 20.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the AI training dataset market?
Answer: The major drivers for this market are growing demand for diverse, high-quality datasets, increasing need for enhanced ai accuracy, and proliferation of big data in worldwide.
Q4. What are the major segments for AI training dataset market?
Answer: The future of the AI training dataset market looks promising with opportunities in the IT, automotive, government, healthcare, BFSI, and retail & e-commerce markets.
Q5. Who are the key AI training dataset market companies?
Answer: Some of the key AI training dataset companies are as follows:
• Google
• Appen Limited
• Cogito Tech
• Lionbridge Technologies
• Amazon Web Services
• Microsoft Corporation
• Scale AI
• Samasource
• Alegion
• Deep Vision Data
Q6. Which AI training dataset market segment will be the largest in future?
Answer: Lucintel forecasts that text is expected to witness the highest growth over the forecast period.
Q7. In AI training dataset market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI training dataset market by type (text, image/video, and audio), application (IT, automotive, government, healthcare, BFSI, retail & e-commerce, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI Training Dataset Market, AI Training Dataset Market Size, AI Training Dataset Market Growth, AI Training Dataset Market Analysis, AI Training Dataset Market Report, AI Training Dataset Market Share, AI Training Dataset Market Trends, AI Training Dataset Market Forecast, AI Training Dataset Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.