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Data Annotation Tools Market

Global Data Annotation Tools Market Size, Analysis, Report: By Type: Text, Image, Video; By Technology: Manual, Semi-Supervised, Automatic; By Application: Automotive, Healthcare, BFSI, Retail, Government, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

Global Data Annotation Tools Market Outlook

The global data annotation tools market size was estimated at USD 658.46 million in 2023. The data annotation tool market is projected to record a CAGR of 27.0% between 2024 and 2032. The market growth is largely attributed to the increased adoption of software for image data annotation in the automotive, retail, and healthcare sectors.

 

Global Data Annotation Tools Market

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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.

 

Global Data Annotation Tools Market Application

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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.

 

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.

 

Global Data Annotation Tools Market By Region

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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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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 and Logistics
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
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.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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    Opportunities and Challenges in the Market
8    Global Data Annotation Tools Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Data Annotation Tools Historical Market (2018-2023) 
    8.3    Global Data Annotation Tools Market Forecast (2024-2032)
    8.4    Global Data Annotation Tools Market by Type
        8.4.1    Text
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Image
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Video
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Data Annotation Tools Market by Technology
        8.5.1    Manual
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Semi-Supervised
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Automatic
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Data Annotation Tools Market by Application
        8.6.1    Automotive
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Healthcare
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    BFSI
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Retail
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Government
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Transportation and Logistics
            8.6.6.1   Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
    8.7    Global Data Annotation Tools Market by Region     
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Data  Annotation Tools Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Data Annotation Tools Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5   Others
11    Asia Pacific Data Annotation Tools Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Data Annotation Tools Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Data Annotation Tools Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Annotate.com
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Appen Limited
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    CloudApp
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Cogito Tech LLC 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Deep Systems
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Labelbox, Inc 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    LightTag
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Lotus Quality Assurance
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Tagtog Sp. z o.o.
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    D-Link
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Data Annotation Tools Market: Key Industry Highlights, 2018 and 2032
2.    Global Data Annotation Tools Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Data Annotation Tools Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Data Annotation Tools Historical Market: Breakup by Technology (USD Million), 2018-2023
5.    Global Data Annotation Tools Market Forecast: Breakup by Technology (USD Million), 2024-2032
6.    Global Data Annotation Tools Historical Market: Breakup by Application (USD Million), 2018-2023
7.    Global Data Annotation Tools Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Global Data Annotation Tools Historical Market: Breakup by Region (USD Million), 2018-2023
9.    Global Data Annotation Tools Market Forecast: Breakup by Region (USD Million), 2024-2032
10.    North America Data Annotation Tools Historical Market: Breakup by Country (USD Million), 2018-2023
11.    North America Data Annotation Tools Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Europe Data Annotation Tools Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Europe Data Annotation Tools Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Asia Pacific Data Annotation Tools Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Asia Pacific Data Annotation Tools Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Latin America Data Annotation Tools Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Latin America Data Annotation Tools Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Middle East and Africa Data Annotation Tools Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Middle East and Africa Data Annotation Tools Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Global Data Annotation Tools Market Structure

Key Questions Answered in the Report

In 2023, the global data annotation tools market attained a value of nearly USD 658.46 million.

The market is projected to grow at a CAGR of more than 27% between 2024 and 2032.

The major drivers of the market include the rising 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 strategies 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  trends propelling the market's growth.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

 The market 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, and transportation and logistics.

The major players in the market 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 658.46 million in 2023, 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 2024-2032, 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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