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The global data collection and labeling market is projected to expand at a CAGR of 18% to reach US $13.45 Bn by the end of 2034. The growth of the market is primarily driven by the burgeoning demand for high-quality labeled data in various industries, such as healthcare and finance. Handling large volumes of data efficiently and at scale can be a daunting task, and maintaining the privacy and security of sensitive information during data collection and labeling is crucial. Emerging businesses venturing into the data collection and labeling sector have the opportunity to implement diverse strategies to enhance their earnings and gain a competitive edge.
