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Data Annotation Tools Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Data Annotation Tools Market: By Data Type (Text, Image, Video and Audio); Technology (Supervised, Semi-Supervised and Automatic); Device Type (Mac OS, Windows, Linux and Others); End Users (Automotive, Healthcare, Retail, Transportation and logistics, BFSI, Telecommunication and IT and Others); and Region—Industry Dynamics, Market Size and Opportunity Forecast until 2031

  • Published Date: Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0322159  | Delivery: 2 to 4 Hours
Data Annotation Tools Market

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Report AttributeDetails
Market Size Value in 2022US$ 1,545.4 Mn
Expected Revenue in 2031US$ 13,922.4 Mn
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Data Type, By Technology, By Device Type, By End Users, By Region
Key Companies                                                    Annotate.com, Appen Limited, Cloud Factory Limited, CloudApp, Cogito Tech LLC, Deep Systems, Google Inc., Labelbox, Inc, LightTag, Lionbridge Technologies, Inc., Lotus Quality Assurance, Playment Inc., Tagtog Sp.zo., Other Prominent Players
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Global Data Annotation Tools Market is projected to grow at a CAGR of 31.1% during the forecast period 2023-2031.

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 2022 was US$ 1,545.4 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 2022.

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.