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2021
Data Annotation Tools Market

Data Annotation Tools Market by Component (Solutions and Service), Annotation Type (Manual Annotation, Semi-Supervised, and Automated Annotation), and End User (IT & Telecommunication, Retail & E-commerce, BFSI, Healthcare, Government, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A07910
Pages: 250
Aug 2021 | 1508 Views
   
Author(s) : Kanhaiya Kathoke, Himanshu Jangra , Vineet Kumar
Tables: 57
Charts: 34
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Data Annotation Tools Market Insights- 2030

The global data annotation tools market was valued at $1,355.12 million in 2020, and is projected to reach $13,696.23 million by 2030, registering a CAGR of 26.3% from 2021 to 2030. Data annotation tool is an on-premise, cloud-based, or a containerized software-based solution designed to interpret production-grade training tools for machine learning. Furthermore, data annotation tools are designed to be used with an explicit set of data, such as video, image, text, spreadsheet, and sensor data, that are used in different deployment models such as SaaS (Cloud), on-premises, container, and Kubernetes. Moreover, organizations globally take a do-it-yourself approach and build their data annotation tools, which is further driving the growth of data annotation tools. In addition, rise in incorporation of artificial intelligence and machine learning solutions in the healthcare and IT sector is acting as a prime driver, resulting in the growing demand for data annotation tools during the forecast period. 

In the wake of COVID-19 pandemic, the data annotation tools market is growing tremendously due to rise of big data & growing number of large datasets which are likely to necessitate the use of artificial intelligence technologies in the field of data annotations.

The data annotation tools market is expected to witness notable growth during the forecast period, owing to rise in demand for annotated data to improve machine learning models. Furthermore, increase in investments in the development of autonomous driving technologies coupled with surge in penetration of artificial intelligence and machine learning technology is driving the growth of the data annotation tools market. However, lack of skilled workforce and high costs associated with manual annotation of complex is restraining the market growth. On the contrary, the growing adoption of data annotation for medical imaging data is expected to provide lucrative opportunities for the growth of the data annotation tools market during the forecast period.

Data-Annotation-Tools-Market-2021-2030

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Impact Of Covid-19 On Data Annotation Tools Market-

Emergence of COVID-19 acted as a major driver for the growth of data annotation tools market size, owing to rise in demand for artificial intelligence and machine learning powered solutions, which surges demand for data annotation tools. The market is estimated to witness relatively high growth by the end of 2021. However, the global data annotation tools market was primarily hit by several obstacles due to lack of availability of skilled workforce during lockdown. Moreover, surge in uptake of text annotation for document classification is expected to drive the market growth during the forecast period.

The global data annotation tools market is segmented into component, annotation type, end user, and region. On the basis of component, the market is bifurcated into solutions and service. The solutions segment is further segregated into text, image/video, and audio. The services segment further includes professional services and managed services. Based on annotation type, the market is segmented into manual annotation, semi-supervised, and automated annotation. By end user, the market is segmented into IT & telecommunication, retail & e-commerce, BFSI, healthcare, government, automotive, and others. Region wise, the market is analysed across North America, Europe, Asia-Pacific, and LAMEA. 

Data Annotation Tools Market
By Component

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Solutions segment accounted for the highest market share in 2020

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Top Impacting Factors

Significant factors that impact the growth of the global data annotation tools industry include rise in penetration of artificial intelligence and machine learning solutions coupled with increasing investment in the development of autonomous driving technologies. However, high cost and lack of skilled labor associated with manual annotation of complex is acting as a prime barrier for early adoption, which hampers the data annotation tools market growth. On the contrary, rising adoption of data annotation for medical imaging data is expected to offer potential growth opportunity for the market during the forecast period.

Data Annotation Tools Market
By Annotation Type

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Automated Annotation segment is projected as one of the most lucrative segments.

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Competition Analysis

Competitive analysis and profiles of the major data annotation tools market players, such as Amazon Mechanical Turk, Inc., APPEN LIMITED, clickworker GmbH, Cogito, Dbrain, LightTag, Lionbridge Technologies, Inc. , Playment, Scale AI, Inc., and tagtog Sp. z o.o., are provided in this report. 

Data Annotation Tools Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 31.1% during 2021-2030

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the data annotation tools industry with the current trends and future estimations to depict the imminent investment pockets.
  • The overall data annotation tools market size is determined to understand the profitable global market trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact data annotation tools market analysis.
  • The current data annotation tools market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.
  • The report includes the market of key vendors and data annotation tools market share.

KEY MARKET SEGMENTS

By Component

  • Solutions
    • Image/video
    • Text
    • Audio
  • Service
    • Professional Services
    • Managed Services

By Annotation Type

  • Manual Annotation
  • Semi-Supervised
  • Automated Annotation

By End User

  • IT & Telecommunication
  • Retail & E-Commerce
  • BFSI
  • Healthcare
  • Government
  • Automotive
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Netherlands
    • Rest of Europe 
  • Asia-Pacific 
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific   
  • LAMEA
    • Latin America 
    • Middle East
    • Africa

KEY PLAYERS

  • Amazon Mechanical Turk Inc. 
  • APPEN LIMITED
  • clickworker GmbH
  • Cogito
  • Dbrain
  • LightTag
  • Lionbridge Technologies Inc. 
  • Playment 
  • Scale AI Inc.
  • tagtog Sp. z o.o.
 

TABLE OF CONTENTS
CHAPTER 1:  INTRODUCTION
1.1.REPORT DESCRIPTION
1.2.KEY MARKET SEGMENTS
1.3.KEY BENEFITS
1.4.RESEARCH METHODOLOGY
1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models
CHAPTER 2:  EXECUTIVE SUMMARY
2.1.CXO PERSPECTIVE
CHAPTER 3:  MARKET LANDSCAPE
3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FINDINGS
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.PORTER'S FIVE FORCES ANALYSIS
3.3.1.Bargaining power of suppliers
3.3.2.Threat of new entrants
3.3.3.Threat of substitutes
3.3.4.Competitive rivalry
3.3.5.Bargaining power among buyers
3.4.MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING 2020
3.5.MARKET DYNAMICS
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6.COVID-19 impact analysis on data annotation tools market
3.6.1.Impact on data annotation tools market size
3.6.2.Change in insurers trends, preferences, and budget impact, owing to COVID-19
3.6.3.Framework for market challenges faced by data annotation tools solution providers
3.6.4.Economic impact on data annotation tools solution providers
3.6.5.Key player strategies to tackle negative impact on the industry
3.6.6.Opportunity analysis for data annotation tools solution providers

CHAPTER 4:  DATA ANNOTATION TOOLS  MARKET BY COMPONENT 
4.1.OVERVIEW
4.2. SOLUTION 
4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region 
4.2.3.Market share analysis, by country
4.2.4.Text
  4.2.4.1.Market size and forecast
4.2.5.Image/Video
  4.2.5.1.Market size and forecast
4.2.6.Audio
  4.2.6.1.Market size and forecast
4.3. SERVICE
4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region 
4.3.3.Market share analysis, by country
4.3.4.Professional Services
  4.3.4.1.Market size and forecast
4.3.5.Managed Services
  4.3.5.1.Market size and forecast
CHAPTER 5:  DATA ANNOTATION TOOLS  MARKET BY ANNOTATION TYPE
5.1.OVERVIEW
5.2. MANUAL ANNOTATION
5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region 
5.2.3.Market share analysis, by country
5.3. SEMI-SUPERVISED
5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region 
5.3.3.Market share analysis, by country
5.4. AUTOMATED ANNOTATION
5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market size and forecast, by region 
5.4.3.Market share analysis, by country
CHAPTER 6:  DATA ANNOTATION TOOLS  MARKET BY END USER
6.1.OVERVIEW
6.2. IT & TELECOMMUNICATION
6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region 
6.2.3.Market share analysis, by country
6.3. RETAIL & E-COMMERCE
6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by region 
6.3.3.Market share analysis, by country
6.4. BFSI
6.4.1.Key market trends, growth factors and opportunities
6.4.2.Market size and forecast, by region 
6.4.3.Market share analysis, by country
6.5. HEALTHCARE
6.5.1.Key market trends, growth factors and opportunities
6.5.2.Market size and forecast, by region 
6.5.3.Market share analysis, by country
6.6. GOVERNMENT
6.6.1.Key market trends, growth factors and opportunities
6.6.2.Market size and forecast, by region 
6.6.3.Market share analysis, by country
6.7. AUTOMOTIVE
6.7.1.Key market trends, growth factors and opportunities
6.7.2.Market size and forecast, by region 
6.7.3.Market share analysis, by country
6.8. OTHERS
6.8.1.Key market trends, growth factors and opportunities
6.8.2.Market size and forecast, by region 
6.8.3.Market share analysis, by country
CHAPTER 7:  DATA ANNOTATION TOOLS  MARKET BY REGION
7.1.OVERVIEW
7.2.NORTH AMERICA
7.2.1.Key market trends and opportunities
7.2.2.Market size and forecast, by component 
7.2.3.Market size and forecast, by annotation type
7.2.4.Market size and forecast, by end user
7.2.5.Market size and forecast, by Country
7.2.6.U.S.
7.2.6.1.Market size and forecast, by component 
7.2.6.2.Market size and forecast, by annotation type
7.2.6.3.Market size and forecast, by end user
7.2.7.Canada
7.2.7.1.Market size and forecast, by component 
7.2.7.2.Market size and forecast, by annotation type
7.2.7.3.Market size and forecast, by end user
7.3.EUROPE
7.3.1.Key market trends and opportunities
7.3.2.Market size and forecast, by component 
7.3.3.Market size and forecast, by annotation type
7.3.4.Market size and forecast, by end user
7.3.5.Market size and forecast, by Country
7.3.6.UK
7.3.6.1.Market size and forecast, by component 
7.3.6.2.Market size and forecast, by annotation type
7.3.6.3.Market size and forecast, by end user
7.3.7.Germany
7.3.7.1.Market size and forecast, by component 
7.3.7.2.Market size and forecast, by annotation type
7.3.7.3.Market size and forecast, by end user
7.3.8.France
7.3.8.1.Market size and forecast, by component 
7.3.8.2.Market size and forecast, by annotation type
7.3.8.3.Market size and forecast, by end user
7.3.9.Italy
7.3.9.1.Market size and forecast, by component 
7.3.9.2.Market size and forecast, by annotation type
7.3.9.3.Market size and forecast, by end user
7.3.10.Spain
7.3.10.1.Market size and forecast, by component 
7.3.10.2.Market size and forecast, by annotation type
7.3.10.3.Market size and forecast, by end user
7.3.11.Netherlands
7.3.11.1.Market size and forecast, by component 
7.3.11.2.Market size and forecast, by annotation type
7.3.11.3.Market size and forecast, by end user
7.3.12.Rest of Europe
7.3.12.1.Market size and forecast, by component 
7.3.12.2.Market size and forecast, by annotation type
7.3.12.3.Market size and forecast, by end user
7.4.ASIA-PACIFIC
7.4.1.Key market trends and opportunities
7.4.2.Market size and forecast, by component 
7.4.3.Market size and forecast, by annotation type
7.4.4.Market size and forecast, by end user
7.4.5.Market size and forecast, by Country
7.4.6.China
7.4.6.1.Market size and forecast, by component 
7.4.6.2.Market size and forecast, by annotation type
7.4.6.3.Market size and forecast, by end user
7.4.7.Japan
7.4.7.1.Market size and forecast, by component 
7.4.7.2.Market size and forecast, by annotation type
7.4.7.3.Market size and forecast, by end user
7.4.8.India
7.4.8.1.Market size and forecast, by component 
7.4.8.2.Market size and forecast, by annotation type
7.4.8.3.Market size and forecast, by end user
7.4.9.Australia
7.4.9.1.Market size and forecast, by component 
7.4.9.2.Market size and forecast, by annotation type
7.4.9.3.Market size and forecast, by end user
7.4.10.South Korea
7.4.10.1.Market size and forecast, by component 
7.4.10.2.Market size and forecast, by annotation type
7.4.10.3.Market size and forecast, by end user
7.4.11.Rest of Asia-Pacific
7.4.11.1.Market size and forecast, by component 
7.4.11.2.Market size and forecast, by annotation type
7.4.11.3.Market size and forecast, by end user
7.5.LAMEA
7.5.1.Key market trends and opportunities
7.5.2.Market size and forecast, by component 
7.5.3.Market size and forecast, by annotation type
7.5.4.Market size and forecast, by end user
7.5.5.Market size and forecast, by Country
7.5.6.Latin America
7.5.6.1.Market size and forecast, by component 
7.5.6.2.Market size and forecast, by annotation type
7.5.6.3.Market size and forecast, by end user
7.5.7.Middle East
7.5.7.1.Market size and forecast, by component 
7.5.7.2.Market size and forecast, by annotation type
7.5.7.3.Market size and forecast, by end user
7.5.8.Africa
7.5.8.1.Market size and forecast, by component 
7.5.8.2.Market size and forecast, by annotation type
7.5.8.3.Market size and forecast, by end user
CHAPTER 8:  COMPANY PROFILES
8.1. AMAZON MECHANICAL TURK, INC.
8.1.1.Company overview
8.1.2.Key Executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.Business performance
8.1.7.Key strategic moves and developments
8.2. APPEN LIMITED
8.2.1.Company overview
8.2.2.Key Executives
8.2.3.Company snapshot
8.2.4.Operating business segments
8.2.5.Product portfolio
8.2.6.Business performance
8.2.7.Key strategic moves and developments
8.3. CLICKWORKER GMBH
8.3.1.Company overview
8.3.2.Key Executives
8.3.3.Company snapshot
8.3.4.Operating business segments
8.3.5.Product portfolio
8.3.6.Business performance
8.3.7.Key strategic moves and developments
8.4. COGITO
8.4.1.Company overview
8.4.2.Key Executives
8.4.3.Company snapshot
8.4.4.Operating business segments
8.4.5.Product portfolio
8.4.6.Business performance
8.4.7.Key strategic moves and developments
8.5. DBRAIN
8.5.1.Company overview
8.5.2.Key Executives
8.5.3.Company snapshot
8.5.4.Operating business segments
8.5.5.Product portfolio
8.5.6.Business performance
8.5.7.Key strategic moves and developments
8.6. LIGHTTAG
8.6.1.Company overview
8.6.2.Key Executives
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.Business performance
8.6.7.Key strategic moves and developments
8.7. LIONBRIDGE TECHNOLOGIES, INC.
8.7.1.Company overview
8.7.2.Key Executives
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.Business performance
8.7.7.Key strategic moves and developments
8.8. PLAYMENT 
8.8.1.Company overview
8.8.2.Key Executives
8.8.3.Company snapshot
8.8.4.Operating business segments
8.8.5.Product portfolio
8.8.6.Business performance
8.8.7.Key strategic moves and developments
8.9. SCALE AI, INC.
8.9.1.Company overview
8.9.2.Key Executives
8.9.3.Company snapshot
8.9.4.Operating business segments
8.9.5.Product portfolio
8.9.6.Business performance
8.9.7.Key strategic moves and developments
8.10. TAGTOG SP. Z O.O.
8.10.1.Company overview
8.10.2.Key Executives
8.10.3.Company snapshot
8.10.4.Operating business segments
8.10.5.Product portfolio
8.10.6.Business performance
8.10.7.Key strategic moves and developments

LIST OF TABLES
TABLE 1.GLOBAL DATA ANNOTATION TOOLS  MARKET, BY COMPONENT  2020-2030 ($MILLION)
TABLE 2.DATA ANNOTATION TOOLS  MARKET FOR SOLUTION , BY REGION,  2020-2030 ($MILLION)
TABLE 3.DATA ANNOTATION TOOLS  MARKET FOR TEXT, BY REGION,  2020-2030 ($MILLION)
TABLE 4.DATA ANNOTATION TOOLS  MARKET FOR  IMAGE/VIDEO, BY REGION,  2020-2030 ($MILLION)
TABLE 5.DATA ANNOTATION TOOLS  MARKET FOR  AUDIO, BY REGION,  2020-2030 ($MILLION)
TABLE 6.DATA ANNOTATION TOOLS  MARKET FOR SERVICE, BY REGION,  2020-2030 ($MILLION)
TABLE 7.DATA ANNOTATION TOOLS  MARKET FOR PROFESSIONAL SERVICES, BY REGION,  2020-2030 ($MILLION)
TABLE 8.DATA ANNOTATION TOOLS  MARKET FOR  MANAGED SERVICES, BY REGION,  2020-2030 ($MILLION)
TABLE 9.GLOBAL DATA ANNOTATION TOOLS  MARKET, BY ANNOTATION TYPE 2020-2030 ($MILLION)
TABLE 10.DATA ANNOTATION TOOLS  MARKET FOR MANUAL ANNOTATION, BY REGION,  2020-2030 ($MILLION)
TABLE 11.DATA ANNOTATION TOOLS  MARKET FOR SEMI-SUPERVISED, BY REGION,  2020-2030 ($MILLION)
TABLE 12.DATA ANNOTATION TOOLS  MARKET FOR AUTOMATED ANNOTATION, BY REGION,  2020-2030 ($MILLION)
TABLE 13.GLOBAL DATA ANNOTATION TOOLS  MARKET, BY END USER 2020-2030 ($MILLION)
TABLE 14.DATA ANNOTATION TOOLS  MARKET FOR IT & TELECOMMUNICATION, BY REGION,  2020-2030 ($MILLION)
TABLE 15.DATA ANNOTATION TOOLS  MARKET FOR RETAIL & E-COMMERCE, BY REGION,  2020-2030 ($MILLION)
TABLE 16.DATA ANNOTATION TOOLS  MARKET FOR BFSI, BY REGION,  2020-2030 ($MILLION)
TABLE 17.DATA ANNOTATION TOOLS  MARKET FOR HEALTHCARE, BY REGION,  2020-2030 ($MILLION)
TABLE 18.DATA ANNOTATION TOOLS  MARKET FOR GOVERNMENT, BY REGION,  2020-2030 ($MILLION)
TABLE 19.DATA ANNOTATION TOOLS  MARKET FOR AUTOMOTIVE, BY REGION,  2020-2030 ($MILLION)
TABLE 20.DATA ANNOTATION TOOLS  MARKET FOR OTHERS, BY REGION,  2020-2030 ($MILLION)
TABLE 21.DATA ANNOTATION TOOLS  MARKET FOR , BY REGION, 2020-2030 ($MILLION)
TABLE 22.NORTH AMERICA DATA ANNOTATION TOOLS , BY COMPONENT  2020-2030 ($MILLION)
TABLE 23.NORTH AMERICA DATA ANNOTATION TOOLS , BY ANNOTATION TYPE 2020-2030 ($MILLION)
TABLE 24.NORTH AMERICA DATA ANNOTATION TOOLS , BY END USER 2020-2030 ($MILLION)
TABLE 25.NORTH AMERICA DATA ANNOTATION TOOLS , BY REGION,  2020-2030 ($MILLION)
TABLE 26.EUROPE DATA ANNOTATION TOOLS , BY COMPONENT  2020-2030 ($MILLION)
TABLE 27.EUROPE DATA ANNOTATION TOOLS , BY ANNOTATION TYPE 2020-2030 ($MILLION)
TABLE 28.EUROPE DATA ANNOTATION TOOLS , BY END USER 2020-2030 ($MILLION)
TABLE 29.EUROPE DATA ANNOTATION TOOLS , BY REGION,  2020-2030 ($MILLION)
TABLE 30.ASIA-PACIFIC DATA ANNOTATION TOOLS , BY COMPONENT  2020-2030 ($MILLION)
TABLE 31.ASIA-PACIFIC DATA ANNOTATION TOOLS , BY ANNOTATION TYPE 2020-2030 ($MILLION)
TABLE 32.ASIA-PACIFIC DATA ANNOTATION TOOLS , BY END USER 2020-2030 ($MILLION)
TABLE 33.ASIA-PACIFIC DATA ANNOTATION TOOLS , BY REGION,  2020-2030 ($MILLION)
TABLE 34.LAMEA DATA ANNOTATION TOOLS , BY COMPONENT  2020-2030 ($MILLION)
TABLE 35.LAMEA DATA ANNOTATION TOOLS , BY ANNOTATION TYPE 2020-2030 ($MILLION)
TABLE 36.LAMEA DATA ANNOTATION TOOLS , BY END USER 2020-2030 ($MILLION)
TABLE 37.LAMEA DATA ANNOTATION TOOLS , BY REGION,  2020-2030 ($MILLION)
TABLE 38.AMAZON MECHANICAL TURK, INC.: COMPANY SNAPSHOT
TABLE 39.AMAZON MECHANICAL TURK, INC.: OPERATING SEGMENTS
TABLE 40.APPEN LIMITED: COMPANY SNAPSHOT
TABLE 41.APPEN LIMITED: OPERATING SEGMENTS
TABLE 42.CLICKWORKER GMBH: COMPANY SNAPSHOT
TABLE 43.CLICKWORKER GMBH: OPERATING SEGMENTS
TABLE 44.COGITO: COMPANY SNAPSHOT
TABLE 45.COGITO: OPERATING SEGMENTS
TABLE 46.DBRAIN: COMPANY SNAPSHOT
TABLE 47.DBRAIN: OPERATING SEGMENTS
TABLE 48.LIGHTTAG: COMPANY SNAPSHOT
TABLE 49.LIGHTTAG: OPERATING SEGMENTS
TABLE 50.LIONBRIDGE TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 51.LIONBRIDGE TECHNOLOGIES, INC.: OPERATING SEGMENTS
TABLE 52.PLAYMENT : COMPANY SNAPSHOT
TABLE 53.PLAYMENT : OPERATING SEGMENTS
TABLE 54.SCALE AI, INC.: COMPANY SNAPSHOT
TABLE 55.SCALE AI, INC.: OPERATING SEGMENTS
TABLE 56.TAGTOG SP. Z O.O.: COMPANY SNAPSHOT
TABLE 57.TAGTOG SP. Z O.O.: OPERATING SEGMENTS

LIST OF FIGURES
FIGURE 1.GLOBAL DATA ANNOTATION TOOLS  MARKET SEGMENTATION
FIGURE 2.TOP INVESTMENT POCKET
FIGURE 3.TOP WINNING STRATEGIES (%)
FIGURE 4.DATA ANNOTATION TOOLS MARKET FOR SOLUTION , 2020-2030 ($MILLION)
FIGURE 5.DATA ANNOTATION TOOLS MARKET FOR SERVICE, 2020-2030 ($MILLION)
FIGURE 6.DATA ANNOTATION TOOLS MARKET FOR MANUAL ANNOTATION, 2020-2030 ($MILLION)
FIGURE 7.DATA ANNOTATION TOOLS MARKET FOR SEMI-SUPERVISED, 2020-2030 ($MILLION)
FIGURE 8.DATA ANNOTATION TOOLS MARKET FOR AUTOMATED ANNOTATION, 2020-2030 ($MILLION)
FIGURE 9.DATA ANNOTATION TOOLS MARKET FOR IT & TELECOMMUNICATION, 2020-2030 ($MILLION)
FIGURE 10.DATA ANNOTATION TOOLS MARKET FOR RETAIL & E-COMMERCE, 2020-2030 ($MILLION)
FIGURE 11.DATA ANNOTATION TOOLS MARKET FOR BFSI, 2020-2030 ($MILLION)
FIGURE 12.DATA ANNOTATION TOOLS MARKET FOR HEALTHCARE, 2020-2030 ($MILLION)
FIGURE 13.DATA ANNOTATION TOOLS MARKET FOR GOVERNMENT, 2020-2030 ($MILLION)
FIGURE 14.DATA ANNOTATION TOOLS MARKET FOR AUTOMOTIVE, 2020-2030 ($MILLION)
FIGURE 15.DATA ANNOTATION TOOLS MARKET FOR OTHERS, 2020-2030 ($MILLION)
FIGURE 16.GLOBAL DATA ANNOTATION TOOLS , BY REGION,  2020 (%)
FIGURE 17.U.S. DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 18.CANADA DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 19.UK DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 20.GERMANY DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 21.FRANCE DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 22.ITALY DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 23.SPAIN DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 24.NETHERLANDS DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 25.REST OF EUROPE DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 26.CHINA DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 27.JAPAN DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 28.INDIA DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 29.AUSTRALIA DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 30.SOUTH KOREA DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 31.REST OF ASIA-PACIFIC DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 32.LATIN AMERICA DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 33.MIDDLE EAST DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)
FIGURE 34.AFRICA DATA ANNOTATION TOOLS  MARKET, 2020-2030 ($MILLION)

 
 

Data annotation tools are an enchanted technology used to process visual information to interpret and provide context to make decisions. Further, data annotation is unavoidable, owing to the continuous need for change in artificial intelligence and machine learning models to deliver a more effective and efficient output. Furthermore, data annotation tools are commonly designed to be used with certain types of data such as text, image, and video. In addition, the rise in demand for self-service applications is expected to offer profitable opportunities for the data annotation tools market.

The global data annotation tools market is highly competitive, owing to the strong presence of existing vendors. Data annotation tools vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.

Rise in demand for artificial intelligence-powered solution globally is driving the need for next generation to enhance solutions of data annotation tools such as prodigy, annotate, drawboard projects, and more. Moreover, prime economics, such as Germany and Japan, plan to developing and deploying next-generation data annotation tools solutions across various sectors, which is anticipated to provide lucrative opportunities for the market growth.

Among the analyzed regions, North America exhibits the highest adoption of data annotation tools and has been experiencing massive expansion of the market. On the other hand, Asia-Pacific is expected to grow at a faster pace, predicting lucrative growth due to emerging countries, such as China, Japan, and India, investing in these technologies. Regions, such as Middle East and Africa, are also expected to witness new opportunities in the data annotation tools market in the future.

The key players profiled in the report include Amazon Mechanical Turk, Inc., APPEN LIMITED, clickworker GmbH, Cogito, Dbrain, LightTag, Lionbridge Technologies, Inc. , Playment, Scale AI, Inc., and tagtog Sp. z o.o.

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