AI Training Dataset Market Worth $9.58 Billion By 2029 - Exclusive Report By Marketsandmarketstm

(MENAFN- PR Newswire) North America has emerged as the largest regional market for AI training dataset, owing to hefty R&D investments being poured into AI. As reported in the 2022 US budget, the federal AI spending of the US government was greater than USD 3.3 billion dollars, which created a demand for quality training datasets. The region's strong focus on advancing large-scale AI models like GPT-4 by OpenAI and DeepMind's AlphaFold also showcases the requirement for multimodal and high-quality training datasets to develop such models. Also, the existence of cloud hyperscalers like AWS, Microsoft Azure, and Google Cloud has sped up the provision of scalable AI solutions, including data annotation and management, as part of their cloud services. In Canada, companies like Element AI (acquired by ServiceNow) are creating sophisticated AI models for sectors like finance and logistics, driving the need for reliable datasets to ensure precision and effectiveness.

This trend is also assisted by the North American regulatory landscape, which favors responsible artificial intelligence practices, increasing the market demand for data sets that are both transparent and free from bias. A similar trend is reflected in California's Automated Decision Systems Accountability Act (AB-13) which seeks to ensure that AI systems are fair and accountable.

Top Key Companies in AI Training Dataset
Market:

The major players in the AI Training Dataset Market include Scale AI (US), Appen (Australia), Lionbridge Technologies (US), AWS (US), and Sama (US), along with SMEs and startups such as Snorkel AI (US), V7 Labs (UK), Alegion (US), Toloka AI (US), and iMerit (US).

Browse Adjacent Markets:
Artificial Intelligence (AI) Market Research
Reports & Consulting

Related Reports:

AI in Social Media Market - Global Forecast to 2029

AI as a Service Market - Global Forecast to 2029

AI Model Risk Management Market - Global Forecast to 2029

Natural Language Understanding Market - Global Forecast to 2029

Large Language Model Market - Global Forecast to 2030

Get access to the latest updates on AI Training Dataset Companies
and AI Training Dataset Industry

About MarketsandMarketsTM

MarketsandMarketsTM has been recognized as one of America's best management consulting firms by Forbes , as per their recent report.

MarketsandMarketsTM is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStoreTM (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit TM
or follow us on Twitter , LinkedIn
and Facebook .

Contact:
Mr. Rohan Salgarkar
MarketsandMarketsTM INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website:

Logo:

SOURCE MarketsandMarkets

MENAFN24102024003732001241ID1108816303