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PUBLISHER: Grand View Research | PRODUCT CODE: 1474954
PUBLISHER: Grand View Research | PRODUCT CODE: 1474954
Data Annotation Tools Market Size, Share & Trends Analysis Report By Type (Text, Image/Video, Audio), By Annotation Type, By Vertical, By Region, And Segment Forecasts, 2024 - 2030
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PAGES: 101 Pages
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Data Annotation Tools Market Growth & Trends:
The global data annotation tools market size is expected to reach USD 5.33 Billion by 2030, exhibiting a CAGR of 26.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The advent of big data is expected to drive the growth of the artificial intelligence market as a large volume of data is required to be recorded, stored, and analyzed. The adoption of artificial intelligence is expected to significantly boost the demand for data annotation tools as the annotated data acts as a catalyzer to train AI models and machine learning systems in critical areas such as speech recognition and image recognition. These tools offer AI its strength by directly providing data that is relevant to determining future outcomes and decision-making.
Currently, there is a growing trend of manufacturing autonomous vehicles in the automotive industry, which is attracting larger investments for the development of these vehicles. An autonomous vehicle includes a combination of various sensors and networking systems that assist the computer in driving the vehicle. The annotated data allows autonomous vehicle computer models to recognize and learn from it. Several technology providers such as Google LLC; Tesla Motors; Apple Inc.; and Huawei Technologies Co., Ltd. have also entered the autonomous vehicle market. The rising investments in the self-driving market are expected to drive the future demand of the data annotation market. For instance, in February 2021, Appen Limited, a provider of effective training data and AI systems, announced the launch of new training data annotation and quality assurance services for autonomous vehicle manufacturers. The rising demand for self-drive cars is likely to supplement the demand for annotation tools.
Rising innovations in the retail segment, specifically in improving the e-commerce sector, using the data annotation tools is expected to drive the industry demand over the forecast period. For instance, in February 2019, Walmart Labs acquired Dataturks, an India-based data annotation start-up. Dataturks offers annotation tools for image and text data by using machine learning. The acquisition helped drive innovations in the catalog quality and other aspects of the Walmart merchandising platform.
Data Annotation Tools Market Report Highlights:
- The text data annotation tools segment led the market in 2023, accounting for over 36.1% share of the global revenue. Based on type, the market is segmented into text, image/video, and audio.
- The manual segment led the market in 2023, accounting for over 81% share of the global revenue. Based on annotation type, the market is categorized into manual, semi-supervised, and automatic.
- The IT segment led the market in 2023, accounting for a 32% share of the global revenue. Based on verticals, the market has been segmented into IT, automotive, government, healthcare, financial services, retail, and others.
- North America dominated the market in 2023, accounting for over 36.2% share of the global revenue.
Product Code: GVR-2-68038-938-8
Table of Contents
Chapter 1 Data Annotation Tools Market: Methodology and Scope
- 1.1 Research Methodology
- 1.1.1 Information Analysis
- 1.1.2 Market Formulation & Data Visualization
- 1.2 Research Scope and Assumptions
- 1.3 List of Data Sources
- 1.3.1 Secondary Sources
- 1.3.2 Primary Sources
Chapter 2 Data Annotation Tools Market: Executive Summary
- 2.1 Data Annotation Tools - Industry Snapshot & Key Buying Criteria
- 2.2 Global Data Annotation Tools Market
- 2.2.1 Global Data Annotation Tools Market, 2017 - 2030
- 2.2.2 Global Data Annotation Tools Market, By Region, 2017 - 2030
- 2.2.3 Global Data Annotation Tools Market, By Type, 2017 - 2030
- 2.2.4 Global Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 2.2.5 Global Data Annotation Tools Market, By Vertical, 2017 - 2030
Chapter 3 Data Annotation Tools Market: Variables, Trends & Scope
- 3.1 Market Segmentation & Scope
- 3.2 Data Annotation Tools Market Penetration and Growth Prospects
- 3.3 Data Annotation Tools - Process Flow and Value Chain Analysis
- 3.4 Market Dynamics
- 3.4.1 Market Drivers
- 3.4.1.1 Growing need to make text/ image more interactive and engaging
- 3.4.1.2 Rapid penetration of AI and machine learning
- 3.4.1.3 Growing R&D spending on the development of self-driving vehicles
- 3.4.2 Market Restraints
- 3.4.2.1 Lack of skilled labor and high costs associated with manual annotation of complex images
- 3.4.1 Market Drivers
- 3.5 Industry Analysis - Porter's
- 3.5.1 Supplier Power
- 3.5.2 Buyer Power
- 3.5.3 Substitution Threat
- 3.5.4 Threat From New Entrant
- 3.5.5 Competitive Rivalry
- 3.6 Data Annotation Tools - PEST Analysis
- 3.6.1 Political
- 3.6.2 Economic
- 3.6.3 Social
- 3.6.4 Technological
- 3.7 COVID-19 Impact Analysis
Chapter 4 Data Annotation Tools: Type Outlook
- 4.1 Data Annotation Tools Market Share by Type, 2023 & 2030
- 4.2 Text
- 4.2.1 Text Annotation Tools Market, By Region, 2017 - 2030
- 4.3 Image
- 4.3.1 Image Data Annotation Tools Market, By Region, 2017 - 2030
- 4.4 Others
- 4.4.1 Others Data Annotation Tools Market, By Region, 2017 - 2030
Chapter 5 Data Annotation Tools: Annotation Type Outlook
- 5.1 Data Annotation Tools Market Share by Annotation Type, 2023 & 2030
- 5.2 Manual
- 5.2.1 Manual Annotation Tools Market, By Region, 2017 - 2030
- 5.3 Semi-Supervised
- 5.3.1 Semi-Supervised Data Annotation Tools Market, By Region, 2017 - 2030
- 5.4 Automatic
- 5.4.1 Automatic Data Annotation Tools Market, By Region, 2017 - 2030
Chapter 6 Data Annotation Tools: Vertical Outlook
- 6.1 Data Annotation Tools Market Share by Vertical, 2023 & 2030
- 6.2 IT
- 6.2.1 It Data Annotation Tools Market, By Region, 2017 - 2030
- 6.3 Automotive
- 6.3.1 Automotive Data Annotation Tools Market, By Region, 2017 - 2030
- 6.4 Government
- 6.4.1 Government Data Annotation Tools Market, By Region, 2017 - 2030
- 6.5 Healthcare
- 6.5.1 Healthcare Data Annotation Tools Market, By Region, 2017 - 2030
- 6.6 Financial Services
- 6.6.1 Financial Services Data Annotation Tools Market, By Region, 2017 - 2030
- 6.7 Retail
- 6.7.1 Retail Data Annotation Tools Market, By Region, 2017 - 2030
- 6.8 Others
- 6.8.1 Others Data Annotation Tools Market, By Region, 2017 - 2030
Chapter 7 Data Annotation Tools: Regional Outlook
- 7.1 North America
- 7.1.1 North America Data Annotation Tools Market, By Type, 2017 - 2030
- 7.1.2 North America Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.1.3 North America Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.1.4 U.S.
- 7.1.4.1 U.S. Data Annotation Tools Market, By Type, 2017 - 2030
- 7.1.4.2 U.S. Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.1.4.3 U.S. Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.1.5 Canada
- 7.1.5.1 Canada Data Annotation Tools Market, By Type, 2017 - 2030
- 7.1.5.2 Canada Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.1.5.3 Canada Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.1.6 Mexico
- 7.1.6.1 Mexico Data Annotation Tools Market, By Type, 2017 - 2030
- 7.1.6.2 Mexico Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.1.6.3 Mexico Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.2 Europe
- 7.2.1 Europe Data Annotation Tools Market, By Type, 2017 - 2030
- 7.2.2 Europe Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.2.3 Europe Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.2.4 UK
- 7.2.4.1 UK Data Annotation Tools Market, By Type, 2017 - 2030
- 7.2.4.2 UK Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.2.4.3 UK Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.2.5 Germany
- 7.2.5.1 Germany Data Annotation Tools Market, By Type, 2017 - 2030
- 7.2.5.2 Germany Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.2.5.3 Germany Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.2.6 France
- 7.2.6.1 France Data Annotation Tools Market, By Type, 2017 - 2030
- 7.2.6.2 France Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.2.6.3 France Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.3 Asia Pacific
- 7.3.1 Asia Pacific Data Annotation Tools Market, By Type, 2017 - 2030
- 7.3.2 Asia Pacific Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.3.3 Asia Pacific Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.3.4 China
- 7.3.4.1 China Data Annotation Tools Market, By Type, 2017 - 2030
- 7.3.4.2 China Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.3.4.3 China Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.3.5 Japan
- 7.3.5.1 Japan Data Annotation Tools Market, By Type, 2017 - 2030
- 7.3.5.2 Japan Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.3.5.3 Japan Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.3.6 India
- 7.3.6.1 India Data Annotation Tools Market, By Type, 2017 - 2030
- 7.3.6.2 India Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.3.6.3 India Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.4 South America
- 7.4.1 South America Data Annotation Tools Market, By Type, 2017 - 2030
- 7.4.2 South America Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.4.3 South America Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.4.4 BRAZIL
- 7.4.4.1 Brazil Data Annotation Tools Market, By Type, 2017 - 2030
- 7.4.4.2 Brazil Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.4.4.3 Brazil Data Annotation Tools Market, By Vertical, 2017 - 2030
- 7.5 MEA
- 7.5.1 MEA Data Annotation Tools Market, By Type, 2017 - 2030
- 7.5.2 MEA Data Annotation Tools Market, By Annotation Type, 2017 - 2030
- 7.5.3 MEA Data Annotation Tools Market, By Vertical, 2017 - 2030
Chapter 8 Competitive Landscape
- 8.1 Company Profiles
- 8.1.1 ANNOTATE.COM
- 8.1.1.1 Company Overview
- 8.1.1.2 Product Benchmarking
- 8.1.2 APPEN LIMITED
- 8.1.2.1 Company Overview
- 8.1.2.2 Financial Performance
- 8.1.2.3 Product Benchmarking
- 8.1.2.4 Recent developments
- 8.1.3 CLOUDAPP
- 8.1.3.1 Company Overview
- 8.1.3.2 Product Benchmarking
- 8.1.4 COGITO TECH LLC
- 8.1.4.1 Company Overview
- 8.1.4.2 Product Benchmarking
- 8.1.5 DEEP SYSTEMS, LLC
- 8.1.5.1 Company Overview
- 8.1.5.2 Product Benchmarking
- 8.1.6 LABELBOX, INC
- 8.1.6.1 Company Overview
- 8.1.6.2 Financial Performance
- 8.1.6.3 Product Benchmarking
- 8.1.6.4 Recent developments
- 8.1.7 LIGHTTAG
- 8.1.7.1 Company Overview
- 8.1.7.2 Product Benchmarking
- 8.1.8 LOTUS QUALITY ASSURANCE
- 8.1.8.1 Company Overview
- 8.1.8.2 Product Benchmarking
- 8.1.9 PLAYMENT INC.
- 8.1.9.1 Company Overview
- 8.1.9.2 Product Benchmarking
- 8.1.10 TAGTOG SP. Z O.O.
- 8.1.10.1 Company Overview
- 8.1.10.2 Product Benchmarking
- 8.1.11 CLOUDFACTORY LIMITED
- 8.1.11.1 Company Overview
- 8.1.11.2 Financial Performance
- 8.1.11.3 Product Benchmarking
- 8.1.11.4 Recent developments
- 8.1.12 CLICKWORKER GMBH
- 8.1.12.1 Company Overview
- 8.1.12.2 Product Benchmarking
- 8.1.13 ALEGION
- 8.1.13.1 Company Overview
- 8.1.13.2 Product Benchmarking
- 8.1.13.3 Recent developments
- 8.1.14 FIGURE EIGHT INC.
- 8.1.14.1 Company Overview
- 8.1.14.2 Product Benchmarking
- 8.1.15 AMAZON MECHANICAL TURK, INC.
- 8.1.15.1 Company Overview
- 8.1.15.2 Product Benchmarking
- 8.1.15.3 Recent developments
- 8.1.16 EXPLOSION AI GMBH
- 8.1.16.1 Company Overview
- 8.1.16.2 Product Benchmarking
- 8.1.17 MIGHTY AI, INC.
- 8.1.17.1 Company Overview
- 8.1.17.2 Product Benchmarking
- 8.1.18 TRILLDATA TECHNOLOGIES PVT LTD
- 8.1.18.1 Company Overview
- 8.1.18.2 Product Benchmarking
- 8.1.19 SCALE AI, INC.
- 8.1.19.1 Company Overview
- 8.1.19.2 Product Benchmarking
- 8.1.19.3 Recent developments
- 8.1.20 GOOGLE LLC
- 8.1.20.1 Company Overview
- 8.1.20.2 Financial Performance
- 8.1.20.3 Product Benchmarking
- 8.1.21 LIONBRIDGE TECHNOLOGIES, INC.
- 8.1.21.1 Company Overview
- 8.1.21.2 Product Benchmarking
- 8.1.21.3 Recent developments
- 8.1.22 SUPERANNOTATE LLC
- 8.1.22.1 Company Overview
- 8.1.22.2 Product Benchmarking
- 8.1.2.3 Recent developments
- 8.1.1 ANNOTATE.COM
Product Code: GVR-2-68038-938-8
List of Tables
- Table 1 Data annotation tools Market - Industry snapshot & key buying criteria, 2017 - 2030
- Table 2 Global data annotation tools market, 2017 - 2030 (USD Million)
- Table 3 Global data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 4 Global data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 5 Global data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 6 Global data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 7 Key market driver impact
- Table 8 Key market restraints impact
- Table 9 List of key market Companies
- Table 10 Text data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 11 Image data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 12 Others data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 13 Manual data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 14 Semi-Supervised data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 15 Automatic data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 16 IT data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 17 Automotive data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 18 Government data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 19 Healthcare data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 20 Financial Services data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 21 Retail data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 22 Other data annotation tools market, by region, 2017 - 2030 (USD Million)
- Table 23 North America data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 24 North America data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 25 North America data annotation Tools market, By vertical, 2017 - 2030 (USD Million)
- Table 26 U.S. data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 27 U.S. data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 28 U.S. data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 29 Canada data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 30 Canada data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 31 Canada data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 32 Mexico data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 33 Mexico data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 34 Mexico data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 35 Europe data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 36 Europe data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 37 Europe data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 38 UK data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 39 UK data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 40 UK data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 41 Germany data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 42 Germany data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 43 Germany data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 44 France data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 45 France data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 46 France data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 47 Asia Pacific data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 48 Asia Pacific data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 49 Asia Pacific data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 50 China data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 51 China data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 52 China data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 53 Japan data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 54 Japan data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 55 Japan data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 56 India data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 57 India data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 58 India data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 59 South America data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 60 South America data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 61 South America data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 62 Brazil data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 63 Brazil data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 64 Brazil data annotation tools market, by vertical, 2017 - 2030 (USD Million)
- Table 65 MEA data annotation tools market, by type, 2017 - 2030 (USD Million)
- Table 66 MEA data annotation tools market, by annotation type, 2017 - 2030 (USD Million)
- Table 67 MEA data annotation tools market, by vertical, 2017 - 2030 (USD Million)
List of Figures
- Fig. 1 Research Process
- Fig. 2 Market Formulation
- Fig. 3 Data annotation tools market segmentation
- Fig. 4 Global data annotation tools market 2017 - 2030 (USD Million)
- Fig. 5 Data annotation tools - Process flow analysis
- Fig. 6 Data annotation tools market dynamics
- Fig. 7 Data annotation tools market share by type, 2023 & 2030
- Fig. 8 Data annotation tools market share by annotation type, 2023 & 2030
- Fig. 9 Data annotation tools market share by vertical, 2023 & 2030
- Fig. 10 Regional marketplace: Key takeaways
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