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The global data annotation tools market size was estimated at USD 321.45 million in 2019. The data annotation tool market is projected to record a CAGR of 27% between 2020 and 2025. The market growth is largely attributed to the increased adoption of software for image data annotation in the automotive, retail, and healthcare sectors.
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Properties and Applications
Data annotation is the method of labelling data for machine learning purposes. The data annotation tools industry can be divided based on segments like types, technologies, and applications.
The industry can be broadly categorised based on types into:
Based on technology, the industry can be categorised as:
The industry can be divided based on its application segments as:
The EMR report looks into the regional data annotation tool markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The tools for data annotation enable users to enhance data quality by adding or marking attribute tags to it. The major benefit of using these tools is that the combination of data features allow users to handle data interpretation at a single location and eliminates the need for multiple locations to rewrite similar rules. The growth of big data and the increase in the number of large datasets would probably require the use of artificial intelligence technology in the field of data annotation. Due to the extending reach of data labelling, industries developing AI-enabled healthcare applications are partnering with data annotation companies to provide the necessary data sets to help them improve their machine learning and deep learning skills, thus, aiding the growth of the data annotation tools market.
The report presents a detailed analysis of the following key players in the global data annotation tools market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces.
Key Questions Answered in the Market Report:
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Data Center Market Analysis
6.1 Global Data Annotation Tools Market (2015-2019) & Forecast (2020-2025)
6.2 Global Data Annotation Tools Market Breakup by Type
6.3 Global Data Annotation Tools Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.4 Global Data Annotation Tools Market Breakup by Technology
6.5 Global Data Annotation Tools Market Breakup by Technology: Historical Market (2015-2019) & Forecast (2020-2025)
6.6 Global Data Annotation Tools Market Breakup by Application
6.6.6 Transportation & Logistics
6.7 Global Data Center Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.6 Transportation & Logistics
6.8 Global Data Annotation Tools Market Breakup by Region
6.8.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
6.8.3 Asia Pacific
6.8.4 Latin America
6.8.5 Middle East & Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
6.9 Global Data Annotation Tools Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
6.9.3 Asia Pacific
6.9.4 Latin America
6.9.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7 SWOT Analysis
8 Porter’s Five Forces Analysis
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
9 Competitive Landscape & Supplier Analysis
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 Appen Limited
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Cogito Tech LLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 Deep Systems
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 Labelbox, Inc
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 Lotus Quality Assurance
9.8.1 Company Overview
9.8.2 Financial Analysis
9.9 Playment Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.10 Tagtog Sp. z o.o.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.11.1 Company Overview
9.11.2 Financial Analysis
10 Events and Developments
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