Posts

Showing posts from August, 2022

Data Collection And Labeling Market Analysis Report By Data Type and By Vertical To 2030

Image
      Data Collection And Labeling Industry Overview   The global  data collection and labeling market  size is expected to reach USD 8.22 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 25.6% from 2021 to 2028. Data collection and labeling refer to the process of collecting datasets from online sources and other sources and labeling them based on their nature, data type, and feature. Data gathering and its annotation, combined with artificial intelligence (AI) technology, have created valuable growth opportunities in several verticals, such as gaming, social networking, and e-commerce. For instance, Twitter and Facebook, two major platforms in the world of social networking, have benefited from the image processing technology in terms of audience engagement as they have created a more connected experience by encouraging users to share images and tag their friends.   Data Collection And Labeling Market Segmentatio

Voice and Speech Recognition Market Is Estimated To Grow As Of Rising Applications In The Banking And Automobile Sector

Image
    Voice and Speech Recognition Industry Overview   The global  voice and speech recognition market  size is anticipated to reach USD 53.66 billion by 2030, registering a CAGR of 15.3% over the forecast period, according to a new report by Grand View Research, Inc. The market is anticipated to witness an upsurge in the adoption of voice-activated systems, voice-enabled devices, and voice-enabled virtual assistant systems owing to the rising applications in the banking and automobile sectors. The escalating need to counter fraudulent activities and enhance security in the banking sector is boosting the adoption of voice biometrics for the authentication of users. The automobile sector is expected to gain momentum owing to advances in technology & emergence of innovative concepts, such as autonomous and connected cars.   Voice and Speech Recognition Market Segmentation Grand View Research has segmented the global voice and speech recognition market based on function, technology, ver

Deep Learning Market Is Developing Rapidly, Boosted By Adoption Of AI Across Various Sectors Till 2030

    Deep Learning Industry Overview   The global  deep learning market   size is expected to reach USD 526.7 billion by 2030, registering a CAGR of 34.3% over the forecast period, according to a new report by Grand View Research, Inc. Deep learning is expected to gain sustainable momentum in the coming years owing to its high computational ability and improved complex data-driven applications. The growing emphasis on big data analytics and Artificial Intelligence (AI) adoption in customer-centric services is expected to propel the growth of the market over the forecast period.   AI has evolved rapidly over the period, enabling the machine to perform cognitive tasks effectively. The adoption of AI across various sectors has unlocked the potential opportunities for machine learning and deep learning applications. AI-as-a-service has allowed smaller organizations to implement the AI algorithms required for deep learning applications without a large capital investment. Moreover, the availa