Press release
Data Annotation Tools Market Is Slated To Surge At A CAGR Of 15.1% From 2022 To 2032
Global Data Annotation Tools Market study sheds light on the important growth dynamics expected to prevail across the assessment period. (Insert forecast period). The study offers statistics of key segments across prominent geographies, along with a detailed mapping of the global competitive landscape.
The Market report tracks the global sales of Data Annotation Toolsin 20+ high growth Markets, along with analysing the impact of COVID-19 has had on information & communication technology (ICT) industry and Data Annotation Tools sector in particular.
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How will Sales of Data Annotation Tools will foster in 2022 and beyond?
In its latest report, Fact.MR offers an exhaustive overview of the global Data Annotation Tools Market with focus on key dynamics, including drivers, restraints, opportunities, trends and detailed information about the global Data Annotation Tools Market structure.
Data Annotation Tools (BPO) Market sales across the world will rise with the increasing adoption of wireless technology and penetration of digital media. With the outbreak of COVID-19, companies have become heavily reliant on digital platforms for the survival.
In the post-digital world, digital realities and advanced technologies such as artificial intelligence and internet of thinking & related products/services will be in trend. Technological adoption rate is increasing exponentially, which will bolster the industry growth.
ICT companies. are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.
China's ICT industry will register high growth opportunities, especially as tech companies focus on digital transformation in the field of robotic process automation, data theft security, cloud & edge computing and cybersecurity.
Market players across China are shifting their focus on customer needs by taking a more nuanced approach through new service offering and by adopting various strategies such as product development and innovation.
The ICT sector across the U.K., France, and Germany will register robust growth during the forecast period owing to the increasing research & development activities for the development of novel technologies. Rising adoption of artificial intelligence and big data science among the ICT service providers will boost the growth.
Advent of 5G wireless technology across India will aid the growth of ICT sector combined with the adoption of edge computing within various end-use sectors such as healthcare, automotive and food & beverage industry. Emergence of e-commerce platforms within the manufacturing companies of diverse end-use sectors will improve the demand over the coming years.
Rise in adoption of autonomous vehicles across South Korea and Japan is improving the adoption of computing technologies for higher connectivity in the automobiles. This trend will strengthen the growth of ICT industry.
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Key Segments Covered in the Data Annotation Tool Industry Report
Data Type
Text Data Annotation Tool
Image/Video Data Annotation Tool
Audio Data Annotation Tool
Annotation Type
Manual Data Annotation Tool
Semi-supervised Data Annotation Tool
Automatic Data Annotation Tool
Vertical
Data Annotation Tool for IT
Data Annotation Tool for Automotive
Data Annotation Tool for Government
Data Annotation Tool for Healthcare
Data Annotation Tool for Financial Services
Data Annotation Tool for Retail
Data Annotation Tool for Other Verticals
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Competitive Landscape
Several players of the global data annotation tool market are providing various services which are expected to give the players a higher position against their competitors in the market. The key players majorly focus on investments, expansions, delivery, acquisitions, brand development, and portfolio expansion.
In August 2021, Appen Limited, an Australian company that offers high-quality training data for organizations that build AI systems, announced its plan to acquire Quadrant, the global player in mobile location data, corresponding compliance services, and Pint-of Interest data.
In May 2021, CloudApp, a cross-platform for the modern workplace, announced a partnership with Slack and Atlassian products Jira and Confluence.
Key Regions Analysed
North America
Latin America
Europe
Asia-Pacific
Middle East & Africa
Key Country-wise Inclusions
US Data Annotation Tools Market
Canada Data Annotation Tools Sales
Germany Data Annotation Tools Production
UK Data Annotation Tools Industry
France Data Annotation Tools Market
Spain Data Annotation Tools Supply-Demand
Italy Data Annotation Tools Outlook
Russia & CIS Market Analysis
China Data Annotation Tools Market Intelligence
India Data Annotation Tools Demand Assessment
Japan Data Annotation Tools Supply Assessment
ASEAN Data Annotation Tools Market Scenario
Brazil Data Annotation Tools Sales Analysis
Mexico Data Annotation Tools Sales Intelligence
GCC Data Annotation Tools Market Assessment
South Africa Data Annotation Tools Market Outlook
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