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Global Data Annotation Tools Market: By Type: Text, Image, Video; By Technology: Manual, Semi-Supervised, Automatic; By Application: Automotive, Healthcare, BFSI, Retail, Government, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Data Annotation Tools Market Outlook
The global data annotation tools market size was estimated at USD 321.45 million in 2020. The data annotation tool market is projected to record a CAGR of 27% between 2021 and 2026. 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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Market Segmentation
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.
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The industry can be broadly categorised based on types into:
- Text
- Image
- Video
Based on technology, the industry can be categorised as:
- Manual
- Semi-Supervised
- Automatic
The industry can be divided based on its application segments as:
- Automotive
- Healthcare
- BFSI
- Retail
- Government
- Transportation and Logistics
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.
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Market Analysis
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.
Competitive Landscape
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:
- Annotate.com
- Appen Limited
- CloudApp
- Cogito Tech LLC
- Deep Systems
- Labelbox, Inc
- LightTag
- Lotus Quality Assurance
- Tagtog Sp. z o.o.
- D-Link
- Others
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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Technology, Application, Region |
| Breakup by Type | Text, Image, Video |
| Breakup by Technology | Manual, Semi-Supervised, Automatic |
| Breakup by Application | Automotive, Healthcare, BFSI, Retail, Government, Transportation & Logistics |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Annotate.com, Appen Limited, CloudApp, Cogito Tech LLC, Deep Systems, Labelbox, Inc, LightTag, Lotus Quality Assurance, Tagtog Sp. z o.o., D-Link, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Data Annotation Tools Market Analysis
8.1 Key Industry Highlights
8.2 Global Data Annotation Tools Historical Market (2017-2021)
8.3 Global Data Annotation Tools Market Forecast (2022-2027)
8.4 Global Data Annotation Tools Market by Type
8.4.1 Text
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Image
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Video
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.5 Global Data Annotation Tools Market by Technology
8.5.1 Manual
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Semi-Supervised
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Automatic
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.6 Global Data Annotation Tools Market by Application
8.6.1 Automotive
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Healthcare
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 BFSI
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Retail
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2017-2021)
8.6.4.3 Forecast Trend (2022-2027)
8.6.5 Government
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2017-2021)
8.6.5.3 Forecast Trend (2022-2027)
8.6.6 Transportation and Logistics
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2017-2021)
8.6.6.3 Forecast Trend (2022-2027)
8.7 Global Data Annotation Tools Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.2.1 Breakup by Country
9.3.2.2 China
9.3.2.3 Japan
9.3.2.4 India
9.3.2.5 ASEAN
9.3.2.6 Australia
9.3.2.7 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Annotate.com
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Appen Limited
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 CloudApp
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Cogito Tech LLC
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Deep Systems
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Labelbox, Inc
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 LightTag
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Lotus Quality Assurance
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 Tagtog Sp. z o.o.
11.2.9.1 Company Overview
11.2.9.2 Product Portfolio
11.2.9.3 Demographic Reach and Achievements
11.2.9.4 Certifications
11.2.10 D-Link
11.2.10.1 Company Overview
11.2.10.2 Product Portfolio
11.2.10.3 Demographic Reach and Achievements
11.2.10.4 Certifications
11.2.11 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Data Annotation Tools Market: Key Industry Highlights, 2017 and 2027
2. Global Data Annotation Tools Historical Market: Breakup by Type (USD Million), 2017-2021
3. Global Data Annotation Tools Market Forecast: Breakup by Type (USD Million), 2022-2027
4. Global Data Annotation Tools Historical Market: Breakup by Technology (USD Million), 2017-2021
5. Global Data Annotation Tools Market Forecast: Breakup by Technology (USD Million), 2022-2027
6. Global Data Annotation Tools Historical Market: Breakup by Application (USD Million), 2017-2021
7. Global Data Annotation Tools Market Forecast: Breakup by Application (USD Million), 2022-2027
8. Global Data Annotation Tools Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Data Annotation Tools Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Data Annotation Tools Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America Data Annotation Tools Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe Data Annotation Tools Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe Data Annotation Tools Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific Data Annotation Tools Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific Data Annotation Tools Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America Data Annotation Tools Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America Data Annotation Tools Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa Data Annotation Tools Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa Data Annotation Tools Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Global Data Annotation Tools Market Structure
Key Questions Answered in the Report
In 2020, the global data annotation tools market attained a value of nearly USD 321.45 million.
The market is projected to grow at a CAGR of more than 27% between 2021 and 2026.
The major drivers of the market include the increase in the number of large datasets, increase in investments in the development of autonomous driving technologies, surge in penetration of artificial intelligence and machine learning technology, and geographical expansion strategy undertaken by market vendors.
The increased adoption of software for image data annotation in the automotive, retail, and healthcare sectors and growth of big data are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The industry can be broadly categorised based on types into text, image, and video.
The various technologies involved in the market are manual, semi-supervised, and automatic.
The major applications of the market are automotive, healthcare, BFSI, retail, government, transportation and logistics.
The major players in the industry are Annotate.com, Appen Limited, CloudApp, Cogito Tech LLC, Deep Systems, Labelbox, Inc, LightTag, Lotus Quality Assurance, Tagtog Sp. z o.o., and D-Link, among others.
Analyst Review
The global data annotation tools market attained a value of nearly USD 321.45 million in 2020, driven by the increased adoption of software for image data annotation in the automotive, retail, and healthcare sectors. Aided by increase in investments in the development of autonomous driving technologies and growth of big data, the market is expected to witness further growth in the forecast period of 2021-2026, growing at a CAGR of 27%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The industry can be broadly categorised based on types into text, image, and video. The various technologies involved in the market are manual, semi-supervised, and automatic. The major applications of the market are automotive, healthcare, BFSI, retail, government, transportation, and logistics. The major regional markets for data annotation tools market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Annotate.com, Appen Limited, CloudApp, Cogito Tech LLC, Deep Systems, Labelbox, Inc, LightTag, Lotus Quality Assurance, Tagtog Sp. z o.o., and D-Link, among others. EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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