The data annotation tools market expected to grow from US$ 897.5 million in 2020 to US$ 6,450.0 million by 2027; it is estimated to grow at a CAGR of 32.54% from 2020 to 2027.
Increasing investments by market players is attributing to the growth of the market. With the growing demand for labelled data, many companies that offer data labelling services are increasingly investing in data annotation. For instance, Alegion, founded in 2012 and headquartered in Austin, Texas, has the most powerful and flexible annotation platform for training data. In August 2019, the company raised US $12 million for data annotation. The investment will accelerate both the expansion of its 75-person team and the integration of advanced technologies into its product portfolio. In addition, iMerit, founded in 2012, focuses on providing high-quality tech-enabled data labelling services to achieve best results from their algorithms. In February 2020, the company invested US$ 20 million to expand its data annotation business. With the invested funds, the company plans to triple its workforce, from 3000 to 10,000 employees. The company will also invest in enhancing innovation for its proprietary AI platform.
Furthermore, Appen (Australia) acquires Figure Eight (San Francisco) for ~US$ 300 million. Figure Eight has machine learning software platform that uses highly automated tools to transform unlabeled text, image, audio, and video data into high-quality AI training data. This acquisition will enhance the development of high-quality, human annotated datasets for machine learning and artificial intelligence; thus, increasing investments by the market players is likely to propel the market growth during the forecast period.
Lucrative Regions in Data Annotation Tools Market
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Market Insights–Data Annotation Tools Market
Increasing Organic Development by Market Players
Crowdsourcing cannot be considered as an option while evaluating, updating, and removing data from structured documents such as medical reports, or related contracts. A better understanding of the information is required to accurately annotate and mark AI details. Data preparation, annotation, and labeling are essential for training AI and machine learning models, which has, in turn, propelled the demand for data annotation tools. Owing to the increasing demand for data annotation, market players are taking part in various organic developments in the field of artificial intelligence, machine learning, image recognition, and robotics for training data. For instance, in April 2019, CloudFactory, one of the global leaders in managing workforce solutions for artificial intelligence (AI), launched a solution and partnered with AI technology providers Hivemind, Labelbox, and Dataloop to tag, label, or annotate data. Similarly, in June 2019, Innodata Inc., founded in 1988, launched data annotation and labeling solutions for enterprises requiring complex training data in AI, which would, in turn, help in managing data annotation and labeling services in key industries such as financial services, legal, healthcare, and pharma.
Annotation Type-Based Insights
Based on annotation type, the data annotation tools market is segmented into manual, semi-supervised, and automatic. The manual segment held the largest market share in 2017.
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Data Annotation Tools Market: Strategic Insights
Market Size Value in US$ 897.5 Million in 2020 Market Size Value by US$ 6450.0 Million by 2027 Growth rate CAGR of 32.54% from 2021-2027 Forecast Period 2021-2027 Base Year 2021
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Data Annotation Tools Market: Strategic Insights
| Market Size Value in | US$ 897.5 Million in 2020 |
| Market Size Value by | US$ 6450.0 Million by 2027 |
| Growth rate | CAGR of 32.54% from 2021-2027 |
| Forecast Period | 2021-2027 |
| Base Year | 2021 |
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Players operating in the data annotation tools market are mainly focused on the development of advanced and efficient products.
- In 2020, Google AI has just launched a new version (V6) of their photo dataset Open Images, which includes an entirely new type of annotation called localized narratives.
- In 2019, Appen Limited, launched the Appen secure workspace solution, which provides the right combination of technology, people, and processes to ensure that projects containing sensitive data can be annotated by a global crowd securely, which is likely to use for AI training data annotation.
The data annotation tools market has been segmented as follows:
Data Annotation Tools Market – by Type
- Text
- Image
- Others
Data Annotation Tools Market – by Annotation Type
- Manual
- Semi-Supervised
- Automatic
Global Data Annotation Tools Market – By End User
- Automotive
- Government
- Healthcare
- Financial Services
- Retail
- IT and Telecom
- Others
Data Annotation Tools Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Russia
- U.K
- Rest of Europe
Asia Pacific (APAC)
- Japan
- China
- Australia
- India
- South Korea
- Rest of APAC
Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Data Annotation Tools Market – Company Profiles
- Appen Limited
- CloudFactory Limited
- Cogito
- Deep Systems
- Google LLC
- Labelbox, Inc
- LIGHTTAG
- Tagtog Sp. z o.o.
- PLAYMENT INC.
- SCALE AI, INC.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Annotation Type ; End-user
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Data Annotation Tools Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 APAC PEST Analysis
4.2.4 MEA PEST Analysis
4.2.5 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Data Annotation Tools Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Growing Applications of Data Annotation
5.1.2 Increasing Investments by Market Players
5.2 Market Restraints
5.2.1 Lack of Skilled Labor and Disadvantages Associated with Annotation Techniques
5.3 Market Opportunities
5.3.1 Trend of e-Education Across the world
5.4 Future Trends
5.4.1 Increasing Organic Development by Market Players
5.5 Impact Analysis of Drivers and Restraints
6. Data Annotation Tools Market – Global Market Analysis
6.1 Data Annotation Tools Market Overview
6.2 Data Annotation Tools Market –Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Key Players
7. Data Annotation Tools Market Analysis – By Type
7.1 Overview
7.2 Global Data Annotation Tools Market Breakdown, By Type, 2017 & 2027
7.3 Text
7.3.1 Overview
7.3.2 Text Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Image
7.4.1 Overview
7.4.2 Image Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
8. Data Annotation Tools Market Analysis – By Annotation Type
8.1 Overview
8.2 Global Data Annotation Tools Market Breakdown, By Annotation Type, 2017 & 2027
8.3 Manual
8.3.1 Overview
8.3.2 Manual Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Semi-Supervised
8.4.1 Overview
8.4.2 Semi-Supervised Market Revenue and Forecast to 2027 (US$ Mn)
8.5 Automatic
8.5.1 Overview
8.5.2 Automatic Market Revenue and Forecast to 2027 (US$ Mn)
9. Data Annotation Tools Market Analysis – By End User
9.1 Overview
9.2 Global Data Annotation Tools Market Breakdown, By End User, 2017 & 2027
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive Market Revenue and Forecast to 2027 (US$ Mn)
9.4 Healthcare
9.4.1 Overview
9.4.2 Healthcare Market Revenue and Forecast to 2027 (US$ Mn)
9.5 Government
9.5.1 Overview
9.5.2 Government Market Revenue and Forecast to 2027 (US$ Mn)
9.6 Financial Services
9.6.1 Overview
9.6.2 Financial Services Market Revenue and Forecast to 2027 (US$ Mn)
9.7 Retail
9.7.1 Overview
9.7.2 Semi-Supervised Market Revenue and Forecast to 2027 (US$ Mn)
9.8 IT and Telecom
9.8.1 Overview
9.8.2 IT and Telecom Market Revenue and Forecast to 2027 (US$ Mn)
9.9 Others
9.9.1 Overview
9.9.2 Others Market Revenue and Forecast to 2027 (US$ Mn)
10. Data Annotation Tools Market – Geographic Analysis
10.1 Overview
10.2 North America: Data Annotation Tools Market
10.2.1 North America: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.2.2 North America: Data Annotation Tools Market, by Type
10.2.3 North America: Data Annotation Tools Market, by Annotation Type
10.2.4 North America: Data Annotation Tools Market, by End User
10.2.5 North America: Data Annotation Tools Market, by Key Country
10.2.5.1 US: Data Annotation Tools Market –Revenue, and Forecast to 2027 (US$ Million)
10.2.5.1.1 US: Data Annotation Tools Market, by Type
10.2.5.1.2 US: Data Annotation Tools Market, by Annotation Type
10.2.5.1.3 US Data Annotation Tools Market, by End-User – Revenue and Forecast to 2027 (USD Million)
10.2.5.2 Canada: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.2.1 Canada: Data Annotation Tools Market, by Type
10.2.5.2.2 Canada: Data Annotation Tools Market, by Annotation Type
10.2.5.2.3 Canada: Data Annotation Tools Market, by End User
10.2.5.3 Mexico: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.2.5.3.1 Mexico: Data Annotation Tools Market, by Type
10.2.5.3.2 Mexico: Data Annotation Tools Market, by Annotation Type
10.2.5.3.3 Mexico: Data Annotation Tools Market, by End-User – Revenue and Forecast to 2027 (USD Million)
10.3 Europe: Data Annotation Tools Market
10.3.1 Europe: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.3.2 Europe: Data Annotation Tools Market, by Type
10.3.3 Europe: Data Annotation Tools Market, by Annotation Type
10.3.4 Europe: Data Annotation Tools Market, by End User
10.3.5 Europe: Data Annotation Tools Market, by Key Country
10.3.5.1 Germany: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.1.1 Germany: Data Annotation Tools Market, by Type
10.3.5.1.2 Germany: Data Annotation Tools Market, by Annotation Type
10.3.5.1.3 Germany: Data Annotation Tools Market, by End User
10.3.5.2 France: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.2.1 France: Data Annotation Tools Market, by Type
10.3.5.2.2 France: Data Annotation Tools Market, by Annotation Type
10.3.5.2.3 France: Data Annotation Tools Market, by End User
10.3.5.3 Italy: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.3.1 Italy: Data Annotation Tools Market, by Type
10.3.5.3.2 Italy: Data Annotation Tools Market, by Annotation Type
10.3.5.3.3 Italy: Data Annotation Tools Market, by End User
10.3.5.4 UK: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.4.1 UK: Data Annotation Tools Market, by Type
10.3.5.4.2 UK: Data Annotation Tools Market, by Annotation Type
10.3.5.4.3 UK: Data Annotation Tools Market, by End User
10.3.5.5 Russia: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.5.1 Russia: Data Annotation Tools Market, by Type
10.3.5.5.2 Russia: Data Annotation Tools Market, by Annotation Type
10.3.5.5.3 Russia: Data Annotation Tools Market, by End User
10.3.5.6 Rest of Europe: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.3.5.6.1 Rest of Europe: Data Annotation Tools Market, by Type
10.3.5.6.2 Rest of Europe: Data Annotation Tools Market, by Annotation Type
10.3.5.6.3 Rest of Europe: Data Annotation Tools Market, by End user
10.4 APAC: Data Annotation Tools Market
10.4.1 APAC: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
10.4.2 APAC: Data annotation tools Market, by Type
10.4.3 APAC: Data annotation tools Market, by Annotation Type
10.4.4 APAC: Data annotation tools Market, by End-User
10.4.5 APAC: Data annotation tools Market, by Key Country
10.4.5.1 Australia: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.1.1 Australia: Data annotation tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
10.4.5.1.2 Australia: Data annotation tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
10.4.5.1.3 Australia: Data annotation tools Market, by End-User– Revenue and Forecast to 2027 (US$ Million)
10.4.5.2 China: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.2.1 China: Data annotation tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
10.4.5.2.2 China: Data annotation tools Market, by Annotation Type– Revenue and Forecast to 2027 (US$ Million)
10.4.5.2.3 China: Data annotation tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
10.4.5.3 India: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.3.1 India: Data annotation tools Market, by Type
10.4.5.3.2 India: Data annotation tools Market, by End-User
10.4.5.3.3 India: Data annotation tools Market, by End-User
10.4.5.4 Japan: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.4.1 Japan: Data annotation tools Market, by Type
10.4.5.4.2 Japan: Data annotation tools Market, by Annotation Type
10.4.5.4.3 Japan: Data annotation tools Market, by End-User
10.4.5.5 South Korea: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.5.1 South Korea: Data annotation tools Market, by Type
10.4.5.5.2 South Korea: Data annotation tools Market, by Annotation Type
10.4.5.5.3 South Korea: Data annotation tools Market, by End User
10.4.5.6 Rest of APAC: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
10.4.5.6.1 Rest of APAC: Data annotation tools Market, by Type
10.4.5.6.2 Rest of APAC: Data annotation tools Market, by Annotation Type
10.4.5.6.3 Rest of APAC: Data annotation tools Market, by End User
10.5 MEA: Data Annotation Tools Market
10.5.1 MEA: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.5.2 MEA: Data Annotation Tools Market, by Type
10.5.3 MEA: Data Annotation Tools Market, by Annotation Type
10.5.4 MEA: Data Annotation Tools Market, by End-User
10.5.5 MEA: Data Annotation Tools Market, by Key Country
10.5.5.1 South Africa: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.1.1 South Africa: Data Annotation Tools Market, by Type
10.5.5.1.2 South Africa: Data Annotation Tools Market, by Annotation
10.5.5.1.3 South Africa: Data Annotation Tools Market, by End-User
10.5.5.2 Saudi Arabia: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.2.1 Saudi Arabia: Data Annotation Tools Market, by Type
10.5.5.2.2 Saudi Arabia: Data Annotation Tools Market, by Annotation Type
10.5.5.2.3 Saudi Arabia: Data Annotation Tools Market, by End- User
10.5.5.3 UAE: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.3.1 UAE: Data Annotation Tools Market, by type
10.5.5.3.2 UAE: Data Annotation Tools Market, by Annotation Type
10.5.5.3.3 UAE: Data Annotation Tools Market, by End-User
10.5.5.4 Rest of MEA: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.5.5.4.1 Rest of MEA: Data Annotation Tools Market, by Type
10.5.5.4.2 Rest of MEA: Data Annotation Tools Market, by Annotation Type
10.5.5.4.3 Rest of MEA: Data Annotation Tools Market, by End-User
10.6 SAM: Data Annotation Tools Market
10.6.1 SAM: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.6.2 SAM: Data Annotation Tools Market, by Type
10.6.3 SAM: Data Annotation Tools Market, by Annotation Type
10.6.4 SAM: Data Annotation Tools Market, by End User
10.6.5 SAM: Data Annotation Tools Market, by Key Country
10.6.5.1 Brazil: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.1.1 Brazil: Data Annotation Tools Market, by Type
10.6.5.1.2 Brazil: Data Annotation Tools Market, by Annotation Type
10.6.5.1.3 Brazil: Data Annotation Tools Market, by End User
10.6.5.2 Argentina: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.2.1 Argentina: Data Annotation Tools Market, by Type
10.6.5.2.2 Argentina: Data Annotation Tools Market, by Annotation Type
10.6.5.2.3 Argentina: Data Annotation Tools Market, by End User
10.6.5.3 Rest of SAM: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
10.6.5.3.1 Rest of SAM: Data Annotation Tools Market, by Type
10.6.5.3.2 Rest of SAM: Data Annotation Tools Market, by Annotation Type
10.6.5.3.3 Rest of SAM: Data Annotation Tools Market, by End User
11. Industry Landscape
11.1 Overview
11.2 Growth Strategies Done By the Companies in the Market, (%)
11.3 Organic Developments Done By The Companies In The Market
11.4 Inorganic Developments Done By The Companies In The Market
12. COMPANY PROFILES
12.1 Cogito
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Google LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Deep Systems
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Appen Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Labelbox, Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 LightTag
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 PLAYMENT INC.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Scale AI, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Tagtog Sp. z o.o.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 CloudFactory Limited
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Data Annotation Tools Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. North America: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 4. North America: Data Annotation Tools Market, by End User – Revenue and Forecast to 2027
Table 5. North America Data Annotation Tools Market, by Country – Revenue and Forecast to 2027 (US$ Million)
Table 6. US: Data Annotation Tools Market, by Type–Revenue and Forecast to 2027 (US$ Million)
Table 7. US: Data Annotation Tools Market, by Annotation Type –Revenue and Forecast to 2027 (US$ Million)
Table 8. US: Data Annotation Tools Market, by End User –Revenue and Forecast to 2027 (US$ Million)
Table 9. Canada: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 10. Canada: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Canada Data Annotation Tools Market, by End-User – Revenue and Forecast to 2027 (USD Million)
Table 12. Mexico: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 13. Mexico: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 14. Table 14. Mexico: Data Annotation Tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 15. Europe: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 16. Europe: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 17. Europe: Data Annotation Tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 18. Europe: Data Annotation Tools Market, by Country– Revenue and Forecast to 2027 (US$ Million)
Table 19. Germany: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 20. Germany: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 21. Germany: Data Annotation Tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 22. France: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 23. France: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 24. France: Data Annotation Tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 25. Italy: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 26. Italy: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 27. Italy: Data Annotation Tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 28. UK: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 29. UK: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 30. UK: Data Annotation Tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 31. Russia: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 32. Russia: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 33. Russia: Data Annotation Tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 34. Rest of Europe: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 35. Rest of Europe: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 36. Rest of Europe: Data Annotation Tools Market, by End user – Revenue and Forecast to 2027 (US$ Million)
Table 37. APAC: Data annotation tools Market, by Business Model – Revenue and Forecast to 2027 (US$ Million)
Table 38. APAC: Data annotation tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 39. APAC: Data annotation tools Market, by End-User– Revenue and Forecast to 2027 (US$ Million)
Table 40. APAC: Data annotation tools Market, by Country – Revenue and Forecast to 2027 (US$ Million)
Table 41. Australia: Data annotation tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 42. Australia: Data annotation tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 43. Australia: Data annotation tools Market, by End-User– Revenue and Forecast to 2027 (US$ Million)
Table 44. China: Data annotation tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 45. China: Data annotation tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 46. China: Data annotation tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 47. India: Data annotation tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 48. India: Data annotation tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 49. India: Data annotation tools Market, by End-User– Revenue and Forecast to 2027 (US$ Million)
Table 50. Japan: Data annotation tools Market, by Type– Revenue and Forecast to 2027 (US$ MILLION)
Table 51. Japan: Data annotation tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 52. Japan: Data annotation tools Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 53. South Korea: Data annotation tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 54. South Korea: Data annotation tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 55. South Korea: Data annotation tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 56. Rest of APAC: Data annotation tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 57. Rest of APAC: Data annotation tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 58. Rest of APAC: Data annotation tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 59. MEA: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 60. MEA: Data Annotation Tools Market, by Education Level – Revenue and Forecast to 2027 (US$ Million)
Table 61. MEA: Data Annotation Tools Market, by Education Level – Revenue and Forecast to 2027 (US$ Million)
Table 62. MEA: Data Annotation Tools Market, by Country – Revenue and Forecast to 2027 (US$ Million)
Table 63. South Africa: Data Annotation Tools Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 64. South Africa: Data Annotation Tools Market, by Annotation– Revenue and Forecast to 2027 (US$ Million)
Table 65. South Africa: Data Annotation Tools Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 66. Saudi Arabia: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ MILLION)
Table 67. South Africa: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 68. South Africa: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 69. UAE: Data Annotation Tools Market, by type– Revenue and Forecast to 2027 (US$ MILLION)
Table 70. UAE: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 71. UAE: Data Annotation Tools Market, by End-User – Revenue and Forecast to 2027 (US$ Million)
Table 72. Rest of MEA: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ MILLION)
Table 73. Rest of MEA: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ MILLION)
Table 74. Rest of MEA: Data Annotation Tools Market, by End-User – Revenue and Forecast to 2027 (US$ MILLION)
Table 75. SAM: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 76. SAM: Data Annotation Tools Market, by Annotation Type– Revenue and Forecast to 2027 (US$ Million)
Table 77. SAM: Data Annotation Tools Market, by End User– Revenue and Forecast to 2027 (US$ Million)
Table 78. SAM: Data Annotation Tools Market, by Country – Revenue and Forecast to 2027 (US$ Million)
Table 79. Brazil: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 80. Brazil: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 81. Brazil: Data Annotation Tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 82. Argentina: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 83. Argentina: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 84. Argentina: Data Annotation Tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 85. Rest of SAM: Data Annotation Tools Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 86. Rest of SAM: Data Annotation Tools Market, by Annotation Type – Revenue and Forecast to 2027 (US$ Million)
Table 87. Rest of SAM: Data Annotation Tools Market, by End User – Revenue and Forecast to 2027 (US$ Million)
Table 88. Organic Developments Done by THE Companies
Table 89. Inorganic Developments done by the Companies
Table 90. Glossary of Term: Data Annotation Tools Market
LIST OF FIGURES
Figure 1. Data Annotation Tools Market Segmentation
Figure 2. Data Annotation Tools Market Segmentation – By Geography
Figure 3. Global Data Annotation Tools Market- Geographical Analysis
Figure 4. Global Data Annotation Tools Market Overview
Figure 5. Data Annotation Tools Market, by Type
Figure 6. Data Annotation Tools Market, by Annotation Type
Figure 7. Data Annotation Tools Market, by End User
Figure 8. North America PEST Analysis
Figure 9. Europe PEST Analysis
Figure 10. APAC PEST Analysis
Figure 11. MEA PEST Analysis
Figure 12. SAM PEST Analysis
Figure 13. Data Annotation Tools Market, Ecosystem
Figure 14. Data Annotation Tools Market Impact Analysis of Drivers and Restraints
Figure 15. Global Data Annotation Tools Market
Figure 16. Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Global Data Annotation Tools Market Breakdown, By Type, 2017 & 2027 (%)
Figure 18. Text Market Revenue and Forecast To 2027(US$ Mn)
Figure 19. Image Market Revenue and Forecast To 2027(US$ Mn)
Figure 20. Others Market Revenue and Forecast To 2027(US$ Mn)
Figure 21. Global Data Annotation Tools Market Breakdown, By Annotation Type, 2017 & 2027 (%)
Figure 22. Manual Market Revenue and Forecast to 2027(US$ Mn)
Figure 23. Semi-Supervised Market Revenue and Forecast to 2027(US$ Mn)
Figure 24. Global Automatic Market Revenue and Forecast To 2027(US$ Mn)
Figure 25. Global Data Annotation Tools Market Breakdown, By End User, 2017 & 2027 (%)
Figure 26. Automotive Market Revenue and Forecast to 2027(US$ Mn)
Figure 27. Healthcare Market Revenue and Forecast to 2027(US$ Mn)
Figure 28. Global Government Market Revenue and Forecast To 2027(US$ Mn)
Figure 29. Financial Services Market Revenue and Forecast to 2027(US$ Mn)
Figure 30. Semi-Supervised Market Revenue and Forecast to 2027(US$ Mn)
Figure 31. Global IT and Telecom Market Revenue and Forecast To 2027(US$ Mn)
Figure 32. Global Others Market Revenue and Forecast To 2027(US$ Mn)
Figure 33. Global Data Annotation Tools Market Revenue Share, by Region (2017 and 2027)
Figure 34. North America: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. North America Data Annotation Tools Market Revenue Share, by Type(2017 and 2027)
Figure 36. North America Data Annotation Tools Market Revenue Share, by Annotation Type (2017 and 2027)
Figure 37. North America Data Annotation Tools Market Revenue Share, by Annotation Type (2017 and 2027)
Figure 38. North America: Data Annotation Tools Market Revenue Share, by Key Country (2017 and 2027)
Figure 39. US: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. Canada: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 41. Mexico: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 42. Europe: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. Europe: Data Annotation Tools Market Revenue Share, by Type(2017 and 2027)
Figure 44. Europe Data Annotation Tools Market Revenue Share, by Annotation Type (2017 and 2027)
Figure 45. Europe Data Annotation Tools Market Revenue Share, by End User (2017 and 2027)
Figure 46. Europe: Data Annotation Tools Market Revenue Share, by Key Country (2017 and 2027)
Figure 47. Germany: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 48. France: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 49. Italy: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. UK: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 51. Russia: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 52. Rest of Europe: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. APAC: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 54. APAC: Data annotation tools Market Revenue Share, by Type (2017 and 2027)
Figure 55. APAC: Data annotation tools Market Revenue Share, by Annotation Type (2017 and 2027)
Figure 56. APAC: Data annotation tools Market Revenue Share, by End-User (2017 and 2027)
Figure 57. APAC: Data annotation tools Market Revenue Share, by Key Country (2017 and 2027)
Figure 58. Australia: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 59. China: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 60. India: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 61. Japan: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 62. South Korea: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 63. Rest of APAC: Data annotation tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. MEA: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 65. MEA: Data Annotation Tools Market Revenue Share, by Type (2017 and 2027)
Figure 66. MEA: Data Annotation Tools Market Revenue Share, by Annotation (2017 and 2027)
Figure 67. MEA: Data Annotation Tools Market Revenue Share, by Annotation (2017 and 2027)
Figure 68. MEA: Data Annotation Tools Market Revenue Share, by Key Country (2019 and 2027)
Figure 69. South Africa: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 70. Saudi Arabia: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 71. UAE: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 72. Rest of MEA: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 73. SAM: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 74. SAM: Data Annotation Tools Market Revenue Share, by Type(2017 and 2027)
Figure 75. SAM: Data Annotation Tools Market Revenue Share, by Annotation Type (2017 and 2027)
Figure 76. SAM: Data Annotation Tools Market Revenue Share, by End User (2017 and 2027)
Figure 77. SAM: Data Annotation Tools Market Revenue Share, by Key Country (2017 and 2027)
Figure 78. Brazil: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 79. Argentina: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 80. Rest of SAM: Data Annotation Tools Market – Revenue and Forecast to 2027 (US$ Million)
Figure 81. Growth Strategies Done By the Companies in the Market, (%)
The List of Companies - Data Annotation Tools Market
- Cogito
- Google LLC.
- Deep Systems
- Appen Limited
- Labelbox, Inc
- LightTag
- PLAYMENT INC
- Scale AI, Inc.
- Tagtog Sp. z o.o.
- CloudFactory Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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