Press release
Text Annotation Tool Market exhibits a meteoric 15.1% CAGR by the forecast period 2030 - States Fact.MR
Text Annotation Tool Market
It is crucial for organizations to collect, and catalogue this data with the help of data annotation tools. Data once annotated is then utilized to train artificial intelligence programs. These programs are then consumerized and they further generate data starting the entire cycle again.
To get in-depth information view the report - https://www.factmr.com/report/4710/data-annotation-tool-market
On this backdrop, the global data annotation tool market will inflate more than seven-folds during the forecast period (2020 - 2030).
Omnipresent consumer demand for digital convenience impels digitization of conventional processes such as document verification.
The efficacy of data annotation tools in effectively executing conventional processes will continue to provide growth opportunities for market players.
Key Takeaways of Data Annotation Tool Market Study
IT is an industry vertical that primarily deals with data. Hence, the compatibility of data annotation tools with existing IT data collection and storage infrastructure, positions this vertical segment as the leader with over 35% of the total market value.
Disruptive financial technology such as blockchain lending services make financial services vertical the most lucrative growth prospect. The segment will multiply with a stupendous 19% CAGR during the forecast period
To Know the COVID-19 Impact on Europe Region, Request for Sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=4710
Manual annotation type holds the largest share of over 76% of the total market revenue.
Automatic annotation type will offer the most lucrative growth opportunities with a meteoric 18% CAGR through 2030.
Research and development of advanced Internet of Things and machine learning products and services will bolster growth in automatic annotation type segment.
Image and videos are the highest growing data type with over 17% CAGR between 2020 and 2030. Penetration of social media and video calling in developing economies is billowing the need for data annotation tools to analyse and leverage the data produced from these products and services.
North America accounts for the largest market value share of over 32%. Early adopters in this region are witnessing an uptake in smart automation services. Prevalence of products such as smart homes and smart cars will continue to drive growth in this region.
South Asia & Oceania is home to many burgeoning digital economies. Countries such as Indonesia will drive the demand for data annotation tools with an astounding 18% CAGR during the projection period.
Surge in healthcare applications of data annotation tools is projected once the COVID-19 pandemic is contained. Authorities and healthcare institutions around the world are already employing data annotation tools to research and develop large scale mechanisms to contain and limit spread of the virus.
Share Your Requirements & Get Customized Reports - https://www.factmr.com/connectus/sample?flag=RC&rep_id=4710
The digital nature of data annotation tools will prove to be a boon for market players, considering the import, export lock downs around the world.
Further, the expenditure in healthcare will multiply post pandemic, which will also increase the demand for efficient and effective data annotation of medical records, research, MRI, and X-rays.
Autonomous Automotive - High Growth Vertical
Investments in development of autonomous automotive furthers the demand for data annotation tools to develop training datasets.
For instance, Electric car manufacturer Tesla Inc., has been training its self-driving AI systems to instantly recognize inanimate and living objects. It is in fact trained to differentiate between humans, and animals. A direct result of advanced data annotation tools.
Hence, market players stand a chance to gain profitable revenue opportunities by catering to image and video data type annotations.
Disruptive innovation in retail segments such as consumer behavior analysis, and advanced customer relationship programs will continue to drive the demand for data annotation tools.
Penetration of e-commerce in countries of Asia Pacific and Middle East & Africa is a top target area for most companies. Raising funds on the back of research and development efforts will lend additional support to global footprint expansion of organizations.
Buy Now for Exclusive Analyst Support - https://www.factmr.com/checkout/4710/S
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Visit Our Website - https://www.factmr.com/
Content Source – https://www.factmr.com/media-release/1457/global-data-annotation-tool-market
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Text Annotation Tool Market exhibits a meteoric 15.1% CAGR by the forecast period 2030 - States Fact.MR here
News-ID: 2268576 • Views: …
More Releases from Fact.MR
Citrus Fiber Market is Expanding at a 5.7% of CAGR by 2034 | Fact.MR Report
The global Citrus Fiber Market is projected to experience substantial growth over the next decade, driven by rising demand for clean-label ingredients, functional food components, and sustainable fiber sources.
Market analysts estimate that the market, valued at approximately USD 350 million in 2025, is expected to reach around USD 720 million by 2035, expanding at a compound annual growth rate (CAGR) of about 7.5% during the forecast period.
Get Access of…
Gluten-Free Food Market is Predicted to Grow to USD 6.5 Billion in 2026 and USD …
The global gluten-free food market is entering a phase of mainstream consolidation, projected to grow from a valuation of USD 7.4 billion in 2026 to approximately USD 15.2 billion by 2036. This represents a steady compound annual growth rate (CAGR) of 7.5% over the ten-year forecast period.
While initially driven by medical necessity for celiac disease patients, the market is now being propelled by "lifestyle consumers" who perceive gluten-free products…
Electronic Speed Controller for Drones and UAVs Market is Valued USD 448.0 milli …
The global electronic speed controller (ESC) for drones and UAVs market is experiencing a rapid technological surge, projected to grow from a valuation of USD 1.8 billion in 2026 to approximately USD 5.1 billion by 2036. This represents a strong compound annual growth rate (CAGR) of 11.0% over the ten-year forecast period.
The market is being propelled by the proliferation of long-endurance commercial drones, the militarization of small FPV (First…
Car Tail Light Mold Market is Hoped-for USD 3.6 billion by 2036 | Fact.MR Report
The global car tail light mold market is navigating a high-design era, projected to grow from a valuation of USD 1.4 billion in 2026 to approximately USD 2.6 billion by 2036. This represents a compound annual growth rate (CAGR) of 6.4% over the forecast period.
The market is being fundamentally reshaped by the transition from simple bulbs to complex LED and OLED signatures, requiring high-precision multi-color and multi-material injection molding…
More Releases for Annotation
AI Data Annotation Market Report 2025
On Sep 18, 2025, Global Info Research released a research report titled "Global AI Data Annotation Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031". This report provides detailed data analysis of the AI Data Annotation market from 2020 to 2031. Including the market size and development trends of AI Data Annotation Market, it analyzes market size indicators such as revenue, growth rate, average price and…
Telehealth's Influence On The Healthcare Data Annotation Tools Market: A Signifi …
The Healthcare Data Annotation Tools Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Healthcare Data Annotation Tools Market Size and Projected Growth Rate?
In recent years, there has been a significant expansion in the market size of healthcare data annotation tools. The market…
Global Text Annotation Tool Market Size by Application, Type, and Geography: For …
USA, New Jersey- According to Market Research Intellect, the global Text Annotation Tool market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The text annotation tool market has grown significantly due to the rising need for high-quality labeled data in machine learning and artificial intelligence applications.…
Medical Image Annotation Tools Market Enhancing Medical Imaging with Annotation …
The Report on "Medical Image Annotation Tools Market" provides Key Benefits, Market Overview, Regional Analysis, Market Segmentation, Future Trends Upto 2030 by Infinitybusinessinsights.com. The report will assist reader with better understanding and decision making.
Medical Image Annotation Tools Market Growth: The medical image annotation tools market is experiencing notable growth as healthcare providers and researchers increasingly rely on advanced imaging technologies. The market is expanding to meet the demand for tools…
Data Annotation Tools Market 2030 Information
The Data Annotation Tools Market is a vital segment within the technology and data sectors, focusing on the development and provision of tools and services for annotating data, crucial for training machine learning models. This market is experiencing substantial growth due to the increasing demand for high-quality annotated data, advancements in annotation technologies, and the development of innovative and efficient annotation tools. The market's future looks promising with continuous advancements…
Data Annotation Tool Market Data Annotation Tool Market
The study on the Global Data Annotation Tool Market published by Fact.MR is a comprehensive analysis of the key factors that are likely to determine the growth of Data Annotation Tool Market in the upcoming years. Further, the study dives deep to investigate the micro and macro-economic parameters that are expected to influence the global scenario of the Data Annotation Tool Market during the forecast period (2022-2031).
The report examines the…
