Crowd-Sourced Data Collection Market Size

Crowd-Sourced Data Collection Market size is poised to grow at substantial growth rate during the forecast period i.e., between 2024-2036. The growth of the market can be attributed to the increasing implementation of artificial intelligence into crowd sourcing platforms, and growing technological advancements in crowd-sourced data collection techniques. In 2019, more than 35 percent of organizations around the world had already deployed artificial intelligence in the workplace. As of 2020, almost 30 percent of small and medium sized enterprises have also deployed AI. In addition to these, crowd sourcing offers plenty of benefits such as agility, cost-effectiveness, and ability to collaborate with people of multiple talents, which is predicted to boost the demand for several crowd-sourcing applications. This in turn is expected to drive market growth in the coming years. Furthermore, rising investments by companies to develop innovative concepts for machine learning and swarm intelligence is projected to provide abundant growth opportunities to the market in the near future.