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Data Annotation Tools Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Data Annotation Tools Market - (By Data Type – Text, Image, Video and Audio; By Technology – Supervised, Semi-Supervised and Automatic; By Device Type- Mac OS, Windows, Linux and Others; By End Users- Automotive, Healthcare, Retail, Transportation and logistics, BFSI, Telecommunication and IT and Others; and By Region) - Industry Dynamics, Market Size and Opportunity Forecast, 2030

  • Published On: 04-Mar-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0322159
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Data Annotation Tools Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 1,186.9 Mn
Expected Revenue in 2030US$ 13,287.9 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2030
UnitValue (USD Mn)
CAGR30.9%
Segments coveredBy Data Type, Technology, Device Type, End Users, and Region
Key CompaniesAnnotate.com, Appen Limited, Cloud Factory Limited, CloudApp, Google LLC,  and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Global Data Annotation Tools Market is projected to grow at a CAGR of 30.9% during the forecast period 2022-2030.

A data annotation tool is a software solution that may be used to annotate production-grade training data for machine learning.

The size of the global data annotation tools market in 2021 was US$ 1,186.9 Million. 

Global Data Annotation Tools Market is driven by the rising demand for annotated data to improve machine learning models and enhancing the applications of AI in the healthcare sector.

The major region in the industry is North America, Europe, Asia Pacific, Middle East & Africa (MEA) and South America.

The advantage of employing annotation tools is that the integration of data attributes allows users to manage data definition in one place and eliminates the need to rewrite similar rules in numerous places.

Data type, technology, device type and end users are the different segments of the global data annotation tools market.

On the basis of end users, the global data annotation tools market is segmented into automotive, healthcare, retail, transportation and logistics, BFSI, telecommunication and IT and others.

Factors such as data privacy compliance and workforce management inhibit the growth in global data annotation tools market.

Asia Pacific holds a major share in terms of revenue in the global data annotation tools market in 2021.

Automatic segment is anticipated to grow at a highest CAGR during the forecast period.

Annotate.com, Appen Limited, Cloud Factory Limited, CloudApp, Google LLC, Labelbox, Inc., Deep Systems, LightTag, Lionbridge Technologies Inc., Cogito Tech LLC and Lotus Quality Assurance among others. 

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