Crowd-Sourced Data Collection Market Share

On the basis of geographical analysis, the crowd-sourced data collection market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the Asia Pacific is anticipated to dominate majority revenue share by 2036, on the back of increasing technological developments in data crowdsourcing, and growing establishment of startups in the ICT sector of the region. Apart from these, robust growth of industrialization and rapidly increasing urbanization are also expected to drive market growth in the near future. As per the data provided by the World Bank, the total percentage of people living in the urban areas was 60.695 percent in 2020, up from 59.887 percent in the year 2019. Moreover, the market in North America is projected to acquire the largest share over the forecast period ascribing to the early adoption of technology, strong presence of major IT market players and escalating number of collaborations among companies in the region.