According to the research report titled ‘Global AI Training Dataset Market Size study, By Type (Text, Image/Video, Audio), By Vertical (IT, Automotive, Government, Healthcare, BFSI) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global AI training dataset market size was worth approximately USD 1.15 billion in 2020 and is projected to reach USD 4 billion by 2027, registering a CAGR of 19.5% throughout.
 

Widespread usage of AI in numerous applications such as video and audio recognition is mainly propelling the global AI training dataset market forward. Moreover, International Roadmap for Devices (IRDS) claims that AI industry will reach USD 390.9 billion by 2025 at a strong growth rate of 55.6% owing to its penetration in industries like robotics, big data, medical, video & audio identification, and autonomous cars.
 

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For the uninitiated, AI data is mostly utilized to provide AI-based training and machine learning data in order to make appropriate conclusions. For instance, if a self-driving car model is built, the training dataset will include annotated videos and photos to recognize street signs, automobile signals, and humans.
 

Growing popularity of human-machine interface and AI in government, defense, and business sectors will enhance the industry outlook between 2021-2027. However, difficulties concerning implementation of the technology and lack of technical know-how is likely to hamper the industry progress in the coming years.  
 

Global AI training dataset industry is segmented on the basis of type (text, audio, and, image/video), and vertical (IT, automotive, healthcare, government, BFSI). Moving on to the regional perspective, the industry size spans across North America (U.S., Canada), Europe (UK, Germany, Spain, France, Italy, ROE), Asia Pacific (Japan, China, South Korea, India, Australia, RoAPAC), and Latin America (Mexico and Brazil).
 

North America accounts for the largest market share owing to growing innovative dataset launches in order to increase the adoption of AI technology across multiple sectors. Meanwhile, Asia Pacific industry is expected to grow substantially, attributable to growing adoption rate of emerging technologies.
 

Considering the competitive landscape, Amazon Web Services Inc., Alegion, Samasource Inc., Appen Ltd., Cogito Tech LLC, Lionbridge Technologies Inc., Microsoft Corp., Scale AI Inc., Deep Vision Data, and Kaggle (Google LLC) are among the major companies shaping the worldwide endoscopes market trends.