Allied Market Research
Loading...
Cart
0
Allied Market Research

Data Annotation Tools Market by Deployment Model (On-Premises and Cloud), Data Type (Text, Image/Video, and Audio), Annotation Approach (Automated and Manual), and End User (IT & Telecom, Automotive, Government, Healthcare, Retail & E-commerce, Agriculture, and Others) : Global Opportunity Analysis and Industry Forecast, 2020–2027

A07910
Pages: NA
Nov 2020 | 64 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Data Annotation Tools Market

Request Now !

Data Annotation Tools Market Statistics: 2027

Data annotation is a data labeling process used by machine learning model to show the outcome predicted by a user. Data annotation tools are a combination of data attributes, which eliminates the need to rewrite similar rules in multiple places and enable users to manage data definition at a single location. Moreover, data annotation tools are used to enrich data for training and deploying machine learning models. With the rise in technologies and enormous amount of data generated by these technologies such as machine learning and internet of things (IoT), it is essential for organizations to have data efficiency in their systems to create new innovations, which create the demand for adoption of data annotation tools, in turn, propels growth of the data annotation tools market.

Market scope and structure analysis:

               Report Metric

                                           Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value ($)

  Segments covered

Deployment Model, Data Type, Annotation Approach, End User, and Region.

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and Middle East & Africa

  Companies covered

Major players include: Alegion, Inc., Appen Limited, Amazon Web Services, Inc., Clickworker GmbH, CloudApp, Inc., CloudFactory Limited, Cogito, Google LLC, Hive, IBM Corporation, iMerit, Labelbox, Inc., LionBridge AI, Neurala, Inc., Playment Inc., Samasource Inc., Scale, Inc., Trilldata Technologies Pvt. Ltd., and Webtunix AI.

 

COVID-19 Scenario Analysis: 

  • Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost all countries around the globe, with the WHO declaring it a public health emergency. The global impacts of the disease are already starting to be felt, and expected to significantly affect the global data annotation tools market in 2020.
  • Using better AI model can help companies to reduce operating costs and increased customer satisfaction by providing better services. 
  • Data annotation tools also significantly help the healthcare segment by enhancing applications of AI in healthcare. AI-backed machines can automatically generate medical reports of 00patients by learning from their pattern and data insights. 
  • Overall, Overall, the pandemic is expected to have a positive impact on the data annotation market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Rise in demand for annotated data to improve machine learning models is the major factor that drives growth of the market. However, inaccuracies in data annotation tools and high costs associated with manual data annotation hamper the market growth. Furthermore, increase in investments in the development of autonomous driving technologies across the globe is expected to provide lucrative opportunities for the global data annotation tools market. 

The market trends for global data annotation tools market are as follows:

Notable developments the data annotation tools market:

The market for data annotation tools is growing at a very fast pace, and is also a very competitive market. Thus, many prominent players are adopting different strategies such as expansion of their services, new product launches, collaborations, partnerships, and mergers to increase their reach in the data annotation tools market. For instance, in November 2019, Cogito Tech LLC, launched manual data labeling services for dentistry-based images. Experienced medical professionals were hired to label thousands of dental imaging datasets, which further helped in making better AI model for the healthcare segment.

Annotation tools impact on the automotive sector:

Asia-Pacific is also expected to witness a significant growth, owing to emerging economies such as India, China, and South Korea. Countries in this region are adopting AI for the development of self-driving vehicles, which creates demand for data annotation tools. For instance, in 2019, Toyota invested USD 500 million in Advanced Technologies Group (ATG), which is a division of Uber that focuses on self-driving car program to develop autonomous taxis. 

Key segments covered:

                Segments

                                Subsegments

  Deployment Model

  1. On-Premises
  2. Cloud

  Type

  1. Text
  2. Image/Video
  3. Audio

  Annotation Approach

  1. Automated
  2. Manual

  End User

  1. IT & Telecom
  2. Automotive
  3. Government
  4. Healthcare
  5. Retail & E-commerce
  6. Agriculture
  7. Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global data annotation tools market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global data annotation tools market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the data annotation tools market. 
  • The report provides a detailed data annotation tools market analysis based on the present and future competitive intensity of the market. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 
Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Data Annotation Tools Market

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts