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Global Data Annotation Tools Market Size study, by Type (Text, Image/Video & Audio), by Annotation Type (Manual, Automatic & Semi-supervised), by Vertical (IT, Automotive, Government, Retail, Healthcare & Others) & Regional Forecasts 2021-2027

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Global Data Annotation Tools Market Size study, by Type (Text, Image/Video & Audio), by Annotation Type (Manual, Automatic & Semi-supervised), by Vertical (IT, Automotive, Government, Retail, Healthcare & Others) & Regional Forecasts 2021-2027
Published: June 5, 2021 Content info:
Description

Global Data Annotation Tools Market is valued approximately USD 492 million in 2020 and is anticipated to grow with a healthy growth rate of more than 26.20% over the forecast period 2021-2027. Data annotation, in essence, is labelling of data to make it more lean, cleaner and useful for further processing. A data annotation tool is a cloud-based or containerized software solution that can be used to annotate production-grade training data for the purpose of machine learning. They are generally designed to be used with definite types of data, such as image, video, text, audio, or sensor data. Labeling the data makes objects recognizable to computer vision, which further trains the machine. It is very useful in artificial intelligence and machine learning. Above mentioned advantages, coupled with the rise of big data and increased demand from healthcare, automotive and retail industries, are driving the Data Annotation Tools market. In healthcare industry, annotation is used for medical imagining and drug development. In automotive sector, self-driving cars use the data annotation tools for data and image categorization. In June 2019, Uber acquired a Seattle startup, Mighty AI, which develops training data for computer vision models. The team at Mighty AI built a technology to label data and images at scale using the latest AI and user experience techniques. Uber also invested $457 million last year in the company's Pittsburgh-based Advanced Technologies Group, which oversees self-driving tech. In 2019, Apple bought Drive.ai, an autonomous driving startup once valued at $200 million. The issue of accurate annotation of data, due to quality of datasets as well as the power of tools, may act as a restraint for its growth. However, increasing innovation, research and development of the data annotation technology acts as an opportunity for Data Annotation Tools Market in subsequent decade.

Key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World are analysed to provide a holistic picture of Data Annotation Tools Market. Due to higher number of companies in healthcare and automotive adopting AI in research and development as well as higher per capita income, North America emerged as a significant region across the world in terms of market share. Whereas, Asia-Pacific is expected to exhibit highest growth rate for the forecast period 2021-2027 owing to the rising awareness for adoption of new technologies in end-use industries, particularly retail, automotive and healthcare.

Major market player included in this report are:

ANNOTATE.COM

APPEN LIMITED

CLOUDAPP

COGITO TECH LLC

DEEP SYSTEMS, LLC

LABELBOX, INC

LIGHTTAG

LOTUS QUALITY ASSURANCE

PLAYMENT INC.

TAGTOG SP. Z O.O.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

Text

Image/Video

Audio

By Annotation Type:

Manual

Semi-supervised

Automatic

By Vertical:

IT

Automotive

Government

Healthcare

Financial Services

Retail

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019

Base year - 2020

Forecast period - 2021 to 2027

Target Audience of the Global Data Annotation Tools Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Table of Contents

Table of Contents

Chapter 1.Executive Summary

  • 1.1. Market Snapshot
  • 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
    • 1.2.1. Data Annotation Tools Market, by Type, 2019-2027 (USD Billion)
    • 1.2.2. Data Annotation Tools Market, by Annotation Type, 2019-2027 (USD Billion)
    • 1.2.3. Data Annotation Tools Market, by Vertical, 2019-2027 (USD Billion)
    • 1.2.4. Data Annotation Tools Market, by, 2019-2027 (USD Billion)
    • 1.2.5. Data Annotation Tools Market, by, 2019-2027 (USD Billion)
  • 1.3. Key Trends
  • 1.4. Estimation Methodology
  • 1.5. Research Assumption

Chapter 2. Global Data Annotation Tools Market Definition and Scope

  • 2.1. Objective of the Study
  • 2.2. Market Definition & Scope
    • 2.2.1. Scope of the Study
    • 2.2.2. Industry Evolution
  • 2.3. Years Considered for the Study
  • 2.4. Currency Conversion Rates

Chapter 3. Global Data Annotation Tools Market Dynamics

  • 3.1. Data Annotation Tools Market Impact Analysis (2019-2027)
    • 3.1.1. Market Drivers
      • 3.1.1.1. Increasing demand from end-use industries
      • 3.1.1.2. Rapid adoption of Artificial intelligence
    • 3.1.2. Market Challenges
      • 3.1.2.1. Issue of accuracy of data annotation
    • 3.1.3. Market Opportunities
      • 3.1.3.1. Research and development in data annotation sector

Chapter 4. Global Data Annotation Tools Market Industry Analysis

  • 4.1. Porter's 5 Force Model
    • 4.1.1. Bargaining Power of Suppliers
    • 4.1.2. Bargaining Power of Buyers
    • 4.1.3. Threat of New Entrants
    • 4.1.4. Threat of Substitutes
    • 4.1.5. Competitive Rivalry
    • 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
  • 4.2. PEST Analysis
    • 4.2.1. Political
    • 4.2.2. Economical
    • 4.2.3. Social
    • 4.2.4. Technological
  • 4.3. Investment Adoption Model
  • 4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Data Annotation Tools Market, by Type

  • 5.1. Market Snapshot
  • 5.2. Global Data Annotation Tools Market by Type, Performance - Potential Analysis
  • 5.3. Global Data Annotation Tools Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
  • 5.4. Data Annotation Tools Market, Sub Segment Analysis
    • 5.4.1. Text
    • 5.4.2. Image/Video
    • 5.4.3. Audio

Chapter 6. Global Data Annotation Tools Market, by Annotation Type

  • 6.1. Market Snapshot
  • 6.2. Global Data Annotation Tools Market by Annotation Type, Performance - Potential Analysis
  • 6.3. Global Data Annotation Tools Market Estimates & Forecasts by Annotation Type 2018-2027 (USD Billion)
  • 6.4. Data Annotation Tools Market, Sub Segment Analysis
    • 6.4.1. Manual
    • 6.4.2. Semi-supervised
    • 6.4.3. Automatic

Chapter 7. Global Data Annotation Tools Market, by Vertical

  • 7.1. Market Snapshot
  • 7.2. Global Data Annotation Tools Market by Vertical, Performance - Potential Analysis
  • 7.3. Global Data Annotation Tools Market Estimates & Forecasts by Vertical 2018-2027 (USD Billion)
  • 7.4. Data Annotation Tools Market, Sub Segment Analysis
    • 7.4.1. IT
    • 7.4.2. Automotive
    • 7.4.3. Government
    • 7.4.4. Healthcare
    • 7.4.5. Financial Services
    • 7.4.6. Retail
    • 7.4.7. Others

Chapter 8. Global Data Annotation Tools Market, Regional Analysis

  • 8.1. Data Annotation Tools Market, Regional Market Snapshot
  • 8.2. North America Data Annotation Tools Market
    • 8.2.1. U.S. Data Annotation Tools Market
      • 8.2.1.1. Type breakdown estimates & forecasts, 2018-2027
      • 8.2.1.2. Annotation Type breakdown estimates & forecasts, 2018-2027
      • 8.2.1.3. Vertical breakdown estimates & forecasts, 2018-2027
    • 8.2.2. Canada Data Annotation Tools Market
  • 8.3. Europe Data Annotation Tools Market Snapshot
    • 8.3.1. U.K. Data Annotation Tools Market
    • 8.3.2. Germany Data Annotation Tools Market
    • 8.3.3. France Data Annotation Tools Market
    • 8.3.4. Spain Data Annotation Tools Market
    • 8.3.5. Italy Data Annotation Tools Market
    • 8.3.6. Rest of Europe Data Annotation Tools Market
  • 8.4. Asia-Pacific Data Annotation Tools Market Snapshot
    • 8.4.1. China Data Annotation Tools Market
    • 8.4.2. India Data Annotation Tools Market
    • 8.4.3. Japan Data Annotation Tools Market
    • 8.4.4. Australia Data Annotation Tools Market
    • 8.4.5. South Korea Data Annotation Tools Market
    • 8.4.6. Rest of Asia Pacific Data Annotation Tools Market
  • 8.5. Latin America Data Annotation Tools Market Snapshot
    • 8.5.1. Brazil Data Annotation Tools Market
    • 8.5.2. Mexico Data Annotation Tools Market
  • 8.6. Rest of The World Data Annotation Tools Market

Chapter 9. Competitive Intelligence

  • 9.1. Top Market Strategies
  • 9.2. Company Profiles
    • 9.2.1. ANNOTATE.COM
      • 9.2.1.1. Key Information
      • 9.2.1.2. Overview
      • 9.2.1.3. Financial (Subject to Data Availability)
      • 9.2.1.4. Product Summary
      • 9.2.1.5. Recent Developments
    • 9.2.2. APPEN LIMITED
    • 9.2.3. CLOUDAPP
    • 9.2.4. COGITO TECH LLC
    • 9.2.5. DEEP SYSTEMS, LLC
    • 9.2.6. LABELBOX, INC
    • 9.2.7. LIGHTTAG
    • 9.2.8. LOTUS QUALITY ASSURANCE
    • 9.2.9. PLAYMENT INC.
    • 9.2.10. TAGTOG SP. Z O.O.

Chapter 10. Research Process

  • 10.1. Research Process
    • 10.1.1. Data Mining
    • 10.1.2. Analysis
    • 10.1.3. Market Estimation
    • 10.1.4. Validation
    • 10.1.5. Publishing
  • 10.2. Research Attributes
  • 10.3. Research Assumption

LIST OF TABLES

  • TABLE 1. Global Data Annotation Tools Market, report scope
  • TABLE 2. Global Data Annotation Tools Market estimates & forecasts by Region 2018-2027 (USD Billion)
  • TABLE 3. Global Data Annotation Tools Market estimates & forecasts by Type 2018-2027 (USD Billion)
  • TABLE 4. Global Data Annotation Tools Market estimates & forecasts by Annotation Type 2018-2027 (USD Billion)
  • TABLE 5. Global Data Annotation Tools Market estimates & forecasts by Vertical 2018-2027 (USD Billion)
  • TABLE 6. Global Data Annotation Tools Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 7. Global Data Annotation Tools Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 8. Global Data Annotation Tools Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 9. Global Data Annotation Tools Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 10. Global Data Annotation Tools Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 11. Global Data Annotation Tools Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 12. Global Data Annotation Tools Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 13. Global Data Annotation Tools Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 14. Global Data Annotation Tools Market by segment, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 15. Global Data Annotation Tools Market by region, estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 16. U.S. Data Annotation Tools Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 17. U.S. Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 18. U.S. Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 19. Canada Data Annotation Tools Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 20. Canada Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 21. Canada Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 22. UK Data Annotation Tools Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 23. UK Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 24. UK Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 25. Germany Data Annotation Tools Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 26. Germany Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 27. Germany Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 28. RoE Data Annotation Tools Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 29. RoE Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 30. RoE Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 31. China Data Annotation Tools Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 32. China Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 33. China Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 34. India Data Annotation Tools Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 35. India Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 36. India Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 37. Japan Data Annotation Tools Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 38. Japan Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 39. Japan Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 40. RoAPAC Data Annotation Tools Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 41. RoAPAC Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 42. RoAPAC Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 43. Brazil Data Annotation Tools Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 44. Brazil Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 45. Brazil Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 46. Mexico Data Annotation Tools Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 47. Mexico Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 48. Mexico Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 49. RoLA Data Annotation Tools Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 50. RoLA Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 51. RoLA Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 52. Row Data Annotation Tools Market estimates & forecasts, 2018-2027 (USD Billion)
  • TABLE 53. Row Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 54. Row Data Annotation Tools Market estimates & forecasts by segment 2018-2027 (USD Billion)
  • TABLE 55. List of secondary sources, used in the study of global Data Annotation Tools Market
  • TABLE 56. List of primary sources, used in the study of global Data Annotation Tools Market
  • TABLE 57. Years considered for the study
  • TABLE 58. Exchange rates considered

LIST OF FIGURES

List of figures

  • FIG 1. Global Data Annotation Tools Market, research methodology
  • FIG 2. Global Data Annotation Tools Market, market estimation techniques
  • FIG 3. Global market size estimates & forecast methods
  • FIG 4. Global Data Annotation Tools Market, key trends 2020
  • FIG 5. Global Data Annotation Tools Market, growth prospects 2021-2027
  • FIG 6. Global Data Annotation Tools Market, porters 5 force model
  • FIG 7. Global Data Annotation Tools Market, pest analysis
  • FIG 8. Global Data Annotation Tools Market, value chain analysis
  • FIG 9. Global Data Annotation Tools Market by segment, 2018 & 2027 (USD Billion)
  • FIG 10. Global Data Annotation Tools Market by segment, 2018 & 2027 (USD Billion)
  • FIG 11. Global Data Annotation Tools Market by segment, 2018 & 2027 (USD Billion)
  • FIG 12. Global Data Annotation Tools Market by segment, 2018 & 2027 (USD Billion)
  • FIG 13. Global Data Annotation Tools Market by segment, 2018 & 2027 (USD Billion)
  • FIG 14. Global Data Annotation Tools Market, regional snapshot 2018 & 2027
  • FIG 15. North America Data Annotation Tools Market 2018 & 2027 (USD Billion)
  • FIG 16. Europe Data Annotation Tools Market 2018 & 2027 (USD Billion)
  • FIG 17. Asia pacific Data Annotation Tools Market 2018 & 2027 (USD Billion)
  • FIG 18. Latin America Data Annotation Tools Market 2018 & 2027 (USD Billion)
  • FIG 19. Global Data Annotation Tools Market, company market share analysis (2020)
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