Data Annotation & Labeling Market by Data Type, Annotation Type, Deployment, Application, Vertical - Russia Ukraine Conflict and High Inflation

Description

List of Tables

The Global Data Annotation & Labeling Market is forecasted to grow significantly, with a projected USD 2,225.23 million in 2023 at a CAGR of 19.44% and expected to reach a staggering USD 7,763.57 million by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Data Annotation & Labeling Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Data Annotation & Labeling Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Data Type, market is studied across Audio, Image, Text, and Video. The Text commanded largest market share of 31.73% in 2022, followed by Audio.

Based on Annotation Type, market is studied across Automatic, Manual, and Semi-automatic. The Automatic commanded largest market share of 38.36% in 2022, followed by Semi-automatic.

Based on Deployment, market is studied across On-Cloud and On-Premise. The On-Cloud commanded largest market share of 63.09% in 2022, followed by On-Premise.

Based on Application, market is studied across Catalogue Management, Content Management, Data Quality Control, Data Set Management, Security & Compliance, and Workforce Management. The Content Management commanded largest market share of 21.83% in 2022, followed by Data Set Management.

Based on Vertical, market is studied across Government & BFSI, Healthcare & Life Science, Manufacturing, Retail & Consumer Goods, and Telecommunication. The Telecommunication commanded largest market share of 31.75% in 2022, followed by Retail & Consumer Goods.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 40.97% in 2022, followed by Asia-Pacific.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Data Annotation & Labeling Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Data Annotation & Labeling Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Data Annotation & Labeling Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Data Annotation & Labeling Market?

4. What is the competitive strategic window for opportunities in the Global Data Annotation & Labeling Market?

5. What are the technology trends and regulatory frameworks in the Global Data Annotation & Labeling Market?

6. What is the market share of the leading vendors in the Global Data Annotation & Labeling Market?

7. What modes and strategic moves are considered suitable for entering the Global Data Annotation & Labeling Market?

Product Code: MRR-6723692285D1

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Data Annotation & Labeling Market, by Data Type, 2022 vs 2030
4.3. Data Annotation & Labeling Market, by Annotation Type, 2022 vs 2030
4.4. Data Annotation & Labeling Market, by Deployment, 2022 vs 2030
4.5. Data Annotation & Labeling Market, by Application, 2022 vs 2030
4.6. Data Annotation & Labeling Market, by Vertical, 2022 vs 2030
4.7. Data Annotation & Labeling Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising adoption of annotation and labeling data in medical imaging
  - 5.1.1.2. Increasing adoption of image data annotation tools in the automotive and retail sector
  - 5.1.1.3. Upsurging adoption of data annotation for document verification in corporate settings
- 5.1.2. Restraints
  - 5.1.2.1. Constraints associated with the inaccuracy of data annotation tools
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of advanced technologies in data annotation and labeling systems
  - 5.1.3.2. Favorable investment landscape for production of advanced autonomous vehicles
- 5.1.4. Challenges
  - 5.1.4.1. Dearth of skilled working professionals
5.2. Market Trends
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Data Annotation & Labeling Market, by Data Type

6.1. Introduction
6.2. Audio
6.3. Image
6.4. Text
6.5. Video

7. Data Annotation & Labeling Market, by Annotation Type

7.1. Introduction
7.2. Automatic
7.3. Manual
7.4. Semi-automatic

8. Data Annotation & Labeling Market, by Deployment

8.1. Introduction
8.2. On-Cloud
8.3. On-Premise

9. Data Annotation & Labeling Market, by Application

9.1. Introduction
9.2. Catalogue Management
9.3. Content Management
9.4. Data Quality Control
9.5. Data Set Management
9.6. Security & Compliance
9.7. Workforce Management

10. Data Annotation & Labeling Market, by Vertical

10.1. Introduction
10.2. Government & BFSI
10.3. Healthcare & Life Science
10.4. Manufacturing
10.5. Retail & Consumer Goods
10.6. Telecommunication

11. Americas Data Annotation & Labeling Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Data Annotation & Labeling Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Data Annotation & Labeling Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Merger & Acquisition
  - 14.3.1.1. TELUS International completes acquisition of WillowTree, a full-service digital product provider
  - 14.3.1.2. Cigniti Technologies to Acquire Aparaa Digital (RoundSqr), an AI/ML, Data Analytics, and Blockchain Engineering Services Company
  - 14.3.1.3. Primer Acquires LightTag, Adds Data Labeling to End-to-end NLP Platform
- 14.3.2. Agreement, Collaboration, & Partnership
  - 14.3.2.1. Consensus Announces Their Partnership With Collective Based Data Labeling Company Centaur Labs
  - 14.3.2.2. T-AIMs for data annotation clusters in state, inks MoU with Tika Data
- 14.3.3. New Product Launch & Enhancement
  - 14.3.3.1. SciBite Launches Workbench, a Structured Data Annotation Tool - Taking the Effort Out of Tabular Data Curation
  - 14.3.3.2. RWS Expands AI Training Data Services With Launch of TrainAI
  - 14.3.3.3. CloudFactory launches Accelerated Annotation, a new Vision AI product
- 14.3.4. Investment & Funding
  - 14.3.4.1. Estonian data labeling startup Co-one secures €640K round to power AI revolution
  - 14.3.4.2. AIMMO bags $12M Series A to advance data labeling technology

15. List of Company Mentioned

16. Appendix

16.1. Discussion Guide
16.2. License & Pricing

1. Adobe Inc.

2. AI Data Innovation

3. AI Touch LLP

4. Alegion Inc.

5. Amazon Web Services, Inc.

6. Anolytics

7. Appen Ltd.

8. Atexto, LLC

9. Cape Start Inc.

10. Capgemini SE

11. Clarifai, Inc.

12. Clickworker GmbH

13. Cloud Factory Limited

14. Cogito Tech LLC

15. Data Pure

16. Dataloop Ltd.

17. Datarade GmbH

18. Datasur Inc.

19. Deepen AI, Inc.

20. Defined Crowd Corporation

21. Fidel Softech Ltd.

22. Flatworld Solutions Pvt. Ltd.

23. Google LLC

24. Hitech Digital Solutions LLP

25. iMerit

26. International Business Machines Corporation

27. John Snow Labs Inc.

28. Keylabs.ai Ltd.

29. Kili Technology SAS

30. Labelbox, Inc.

31. LightTag Inc.

32. Netscribes

33. Oracle Corporation

34. Precise BPO Solution

35. RWS Holdings PLC

36. Samasource Impact Sourcing, Inc.

37. Scale AI, Inc.

38. Segment.ai

39. Shaip

40. Steldia Services Ltd.

41. Straive

42. SunTec.AI

43. SuperAnnotate AI, Inc.

44. SupportYourApp, Inc.

45. TELUS International

46. TransPerfect Global, Inc.

47. UnderstandAI GmbH

48. V7 Ltd.

49. Wovenware, Inc.