AI Training Dataset Market Size Worth $12,993.78 Million By 2032 | CAGR: 21.5%

AI Training Dataset Market Size Worth $12,993.78 Million By 2032 | CAGR: 21.5%

The global ai training dataset market size is expected to reach USD 12,993.78 million by 2032, according to a new study by Polaris Market Research. The report AI Training Dataset Market Share, Size, Trends, Industry Analysis Report, By Type (Text, Image/Video, Audio); By Application; By Region; Segment Forecast, 2024-2032 gives a detailed insight into the current market dynamics and provides analysis on future market growth.

The AI training dataset market witnessed significant developments over the past year, with an increasing number of vendors entering the industry. The market's growth can be attributed to the growing demand for machine-learning technologies and advanced data analytics that allow organizations to process large volumes of data, creating a need for effective software to transform this information into actionable insights. The dataset was developed by a team of data scientists and AI experts who worked for over a year to create a comprehensive set of training data that can be used for a wide range of applications.

The data was collected from various sources, including social media platforms, online databases, and open-source repositories. By including data from a diverse range of sources, this dataset is expected to be more robust and inclusive. The AI training dataset is expected to impact the development of machine learning algorithms significantly and could lead to breakthroughs in areas such as computer vision, natural language processing, and speech recognition.

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The market is expected to increase significantly in the garnered period due to the growing need for effective machine-learning techniques. The US has been an important contributor to the development of AI, which has led to new methods being developed to train large numbers of models with accurate results.

Software companies and enterprises are actively exploring ways to automate the process of training neural nets to improve accuracy in their AI applications. The use of deep learning-based artificial intelligence has resulted in significant increases in accuracy, but it is also challenging to scale up these models for large-scale data sets. Now, companies are turning to new data sources such as real-world videos, images, test results, and human transcripts to train their machines. For example, in September 2021, Amazon launched a new dataset of commonsense dialogue for research in open-domain conversation. In January 2019, IBM Corporation released a new dataset that comprised 1 million images of faces, which helped developers to train their face recognition system supported by AI.

AI Training Dataset Market Report Highlights

  • The image/ video segment is expected to witness the fastest growth in the study period owing to the rising focus of key players to launch new datasets with the rising number of applications.
  • The IT & Telecom segment accounts for the largest revenue share owing to the increasing demand for AI solutions and development of technology that is facilitating many businesses to collaborate with each other.
  • North America is expected to witness significant growth over the projected period as vendors are focusing on releasing new datasets to propel the adoption of artificial intelligence technology in the region.
  • The global players include Cogito Tech; Amazon Web Services; Sama; Alegion; Google; Microsoft Corporation; Deep Vision Data; & Appen Limited.

Polaris Market Research has segmented the AI Training Dataset market report based on type, end-use, and region:

AI Training Dataset, Type Outlook (Revenue - USD Million, 2019 - 2032)

  • Audio
  • Text
  • Image/Video

AI Training Dataset, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

  • BFSI
  • Government
  • IT & Telecom
  • Retail & E-commerce
  • Healthcare
  • Automotive
  • Others

AI Training Dataset, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa