Data Annotation Tools Market Size, Share & Trends Report

Data Annotation Tools Market Size, Share & Trends Analysis Report By Type (Text, Image/Video, Audio), By Annotation Type, By Vertical, By Region, And Segment Forecasts, 2024 - 2030

Report ID: GVR-2-68038-938-8
Number of Pages: 101
Format: Electronic (PDF)

Historical Range: 2017 - 2023
Industry: Technology

Market Segmentation

Data Annotation Tools Type Outlook (Revenue, USD Million, 2017 - 2030)
- Text
- Image/Video
- Audio
Data Annotation Tools Annotation Type Outlook (Revenue, USD Million, 2017 - 2030)
- Manual
- Semi-supervised
- Automatic
Data Annotation Tools Vertical Outlook (Revenue, USD Million, 2017 - 2030)
- IT
- Automotive
- Government
- Healthcare
- Financial Services
- Retail
- Others
Data Annotation Tools Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
  - North America Data Annotation Tools Market, By Type
    - Text
    - Image/Video
    - Audio
  - North America Data Annotation Tools Market, By Annotation Type
    - Manual
    - Semi-supervised
    - Automatic
  - North America Data Annotation Tools Market, By Vertical
    - IT
    - Automotive
    - Government
    - Healthcare
    - Financial Services
    - Retail
    - Others
  - U.S.
    - U.S. Data Annotation Tools Market, By Type
      - Text
      - Image/Video
      - Audio
    - U.S. Data Annotation Tools Market, By Annotation Type
      - Manual
      - Semi-supervised
      - Automatic
    - U.S. Data Annotation Tools Market, By Vertical
      - IT
      - Automotive
      - Government
      - Healthcare
      - Financial Services
      - Retail
      - Others
  - Canada
    - Canada Data Annotation Tools Market, By Type
      - Text
      - Image/Video
      - Audio
    - Canada Data Annotation Tools Market, By Annotation Type
      - Manual
      - Semi-supervised
      - Automatic
    - Canada Data Annotation Tools Market, By Vertical
      - IT
      - Automotive
      - Government
      - Healthcare
      - Financial Services
      - Retail
      - Others
  - Mexico
    - Mexico Data Annotation Tools Market, By Type
      - Text
      - Image/Video
      - Audio
    - Mexico Data Annotation Tools Market, By Annotation Type
      - Manual
      - Semi-supervised
      - Automatic
    - Mexico Data Annotation Tools Market, By Vertical
      - IT
      - Automotive
      - Government
      - Healthcare
      - Financial Services
      - Retail
      - Others
- Europe
  - Europe Data Annotation Tools Market, By Type
    - Text
    - Image/Video
    - Audio
  - Europe Data Annotation Tools Market, By Annotation Type
    - Manual
    - Semi-supervised
    - Automatic
  - Europe Data Annotation Tools Market, By Vertical
    - IT
    - Automotive
    - Government
    - Healthcare
    - Financial Services
    - Retail
    - Others
  - Germany
    - Germany Data Annotation Tools Market, By Type
      - Text
      - Image/Video
      - Audio
    - Germany Data Annotation Tools Market, By Annotation Type
      - Manual
      - Semi-supervised
      - Automatic
    - Germany Data Annotation Tools Market, By Vertical
      - IT
      - Automotive
      - Government
      - Healthcare
      - Financial Services
      - Retail
      - Others
  - U.K.
    - U.K. Data Annotation Tools Market, By Type
      - Text
      - Image/Video
      - Audio
    - U.K. Data Annotation Tools Market, By Annotation Type
      - Manual
      - Semi-supervised
      - Automatic
    - U.K. Data Annotation Tools Market, By Vertical
      - IT
      - Automotive
      - Government
      - Healthcare
      - Financial Services
      - Retail
      - Others
  - France
    - France Data Annotation Tools Market, By Type
      - Text
      - Image/Video
      - Audio
    - France Data Annotation Tools Market, By Annotation Type
      - Manual
      - Semi-supervised
      - Automatic
    - France Data Annotation Tools Market, By Vertical
      - IT
      - Automotive
      - Government
      - Healthcare
      - Financial Services
      - Retail
      - Others
- Asia Pacific
  - Asia Pacific Data Annotation Tools Market, By Type
    - Text
    - Image/Video
    - Audio
  - Asia Pacific Data Annotation Tools Market, By Annotation Type
    - Manual
    - Semi-supervised
    - Automatic
  - Asia Pacific Data Annotation Tools Market, By Vertical
    - IT
    - Automotive
    - Government
    - Healthcare
    - Financial Services
    - Retail
    - Others
  - China
    - China Data Annotation Tools Market, By Type
      - Text
      - Image/Video
      - Audio
    - China Data Annotation Tools Market, By Annotation Type
      - Manual
      - Semi-supervised
      - Automatic
    - China Data Annotation Tools Market, By Vertical
      - IT
      - Automotive
      - Government
      - Healthcare
      - Financial Services
      - Retail
      - Others
  - Japan
    - Japan Data Annotation Tools Market, By Type
      - Text
      - Image/Video
      - Audio
    - Japan Data Annotation Tools Market, By Annotation Type
      - Manual
      - Semi-supervised
      - Automatic
    - Japan Data Annotation Tools Market, By Vertical
      - IT
      - Automotive
      - Government
      - Healthcare
      - Financial Services
      - Retail
      - Others
  - India
    - India Data Annotation Tools Market, By Type
      - Text
      - Image/Video
      - Audio
    - India Data Annotation Tools Market, By Annotation Type
      - Manual
      - Semi-supervised
      - Automatic
    - India Data Annotation Tools Market, By Vertical
      - IT
      - Automotive
      - Government
      - Healthcare
      - Financial Services
      - Retail
      - Others
- South America
  - South America Data Annotation Tools Market, By Type
    - Text
    - Image/Video
    - Audio
  - South America Data Annotation Tools Market, By Annotation Type
    - Manual
    - Semi-supervised
    - Automatic
  - South America Data Annotation Tools Market, By Vertical
    - IT
    - Automotive
    - Government
    - Healthcare
    - Financial Services
    - Retail
    - Others
  - Brazil
    - Brazil Data Annotation Tools Market, By Type
      - Text
      - Image/Video
      - Audio
    - Brazil Data Annotation Tools Market, By Annotation Type
      - Manual
      - Semi-supervised
      - Automatic
    - Brazil Data Annotation Tools Market, By Vertical
      - IT
      - Automotive
      - Government
      - Healthcare
      - Financial Services
      - Retail
      - Others
- Middle East and Africa (MEA)
  - MEA Data Annotation Tools Market, By Type
    - Text
    - Image/Video
    - Audio
  - MEA Data Annotation Tools Market, By Annotation Type
    - Manual
    - Semi-supervised
    - Automatic
  - MEA Data Annotation Tools Market, By Vertical
    - IT
    - Automotive
    - Government
    - Healthcare
    - Financial Services
    - Retail
    - Others

Data Annotation Tools Market Dynamics

Drivers:

Growing Need to Make Text/Image More Interactive and Engaging

Data annotation tools enable users to enhance the value of data by adding attribute tags. The key benefit of using the data annotation feature is that the combination of data attributes enables a user to manage the data definition at a single location and eliminates the need to rewrite similar rules in multiple places. In general, the data annotation attributes are categorized into three parts, namely modeling attributes, display attributes, and validation attributes. Modeling attributes are used to specify the relationship between classes and the intended use of a member/class. Display attributes help define the display of data from a member/class in the UI. Validation attributes help enforce validation rules. In terms of techniques, data annotation techniques are categorized into AI API-driven data annotation, data-driven data annotation, usage-based data annotation, crowdsourcing data annotation, and manual data annotation.

Rapid Penetration of AI and Machine Learning

The advent of big data is expected to drive the growth of the artificial intelligence market as a large volume of data is required to be recorded, stored, and analyzed. The need for managing and improving the computational models related to big data has become a primary concern among end users and this concern is enabling them to adopt artificial intelligence solutions at a faster pace. The adoption of artificial intelligence is expected to significantly boost the demand for data annotation tools as the annotated data acts as a catalyst to train AI models and machine learning systems in critical areas such as speech recognition and image recognition. Data annotation offers AI its strength by directly providing data that is relevant to determining future outcomes and decision-making. Many public and private organizations gather domain-specific information required for training AI models, comprising data from different applications such as national intelligence, fraud detection, marketing, medical informatics, and cybersecurity. Data annotation enables the labeling of such unorganized and unsupervised data by continuously improving the accuracy of each set of data.

Restraints:

Lack of Skilled Labor and High Cost Associated With Manual Annotation of Complex Images

The inaccuracy of data annotation acts as a restraint to the growth of the market. A given image may have low resolution and can include multiple objects. The primary challenge faced by the data annotation tools market is precise output. The issues, such as data inaccuracy, in the quality of the output, are to be minimized. Manual labeling is not correctly labeled in some cases and the time to detect such labels may vary, which further adds cost to the enterprise. However, with the development of sophisticated algorithms, the accuracy of automated data annotation tools is expected to improve, thus, reducing the dependency on manual annotation and the cost of the tools soon. The data annotation tools are required to be efficient and reliable for deriving valuable insights. Small and medium-scale enterprises sometimes encounter concerns about low marginal operations and an increased need for better quality. Additionally, a technologically advanced tool is required to be affordable and capable of providing high-quality solutions, in addition to being simple and easy to understand.

What Does This Report Include?

This section will provide insights into the contents included in this data annotation tools market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Data annotation tools market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Data annotation tools market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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