Press release
Data Annotation Tools Market is expected to Exhibit a Massive CAGR of 26.2% by 2030 | Appen Limited, Deep Systems
Currently, there is a growing trend of manufacturing autonomous vehicles in the automotive industry, which is attracting larger investments for the development of these vehicles. An autonomous vehicle includes a combination of various sensors and networking systems that assist the computer in driving the vehicle. The annotated data allows autonomous vehicle computer models to recognize and learn from it. Several technology providers such as Google LLC; Tesla Motors; Apple Inc.; and Huawei Technologies Co., Ltd. have also entered the autonomous vehicle market. The rising investments in the self-driving market are expected to drive the future demand of the data annotation market. For instance, in February 2021, Appen Limited, a provider of effective training data and AI systems, announced the launch of new training data annotation and quality assurance services for autonomous vehicle manufacturers. The rising demand for self-drive cars is likely to supplement the demand for annotation tools.
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Rising innovations in the retail segment, specifically in improving the e-commerce sector, using the data annotation tools is expected to drive the industry demand over the forecast period. For instance, in February 2019, Walmart Labs acquired Dataturks, an India-based data annotation start-up. Dataturks offers annotation tools for image and text data by using machine learning. The acquisition helped drive innovations in the catalog quality and other aspects of the Walmart merchandising platform.
The secondary research portion of the analysis method used to evaluate and forecast the Data Annotation Tools Market involves compiling data on significant vendor revenues. Vendor offerings were also taken into consideration throughout the market segmentation process. The bottom-up methodology was used to estimate the overall market size of the worldwide market utilising the revenue of the key market participants as a starting point. The market was segmented into many groups and subgroups after the overall market size was established. Comprehensive interviews with important people, including CEOs, VPs, directors, and executives, were then conducted in order to validate these segments and sub-segments through primary research. The market engineering process was completed and the precise statistics for each segment and sub-segment were determined using the data triangulation and market breakdown methodologies.
Major Market Players Profiled in the Report include:
• Annotate.com
• Appen Limited
• CloudApp
• Cogito Tech LLC
• Deep Systems
• Labelbox, Inc
• LightTag
• Lotus Quality Assurance
• Playment Inc
• Tagtog Sp. z o.o
• CloudFactory Limited
• Clickworker GmbH
• Alegion
• Figure Eight Inc.
• Amazon Mechanical Turk, Inc
• Explosion AI GMbH
• Mighty AI, Inc.
• Trilldata Technologies Pvt Ltd
• Scale AI, Inc.
• Google LLC
• Lionbridge Technologies, Inc
• SuperAnnotate LLC
Global Data Annotation Tools Market Segmentation:
The global market is segmented on the basis of type, application and region. Growth between market segments can help the user/investor analyze niche market growth points, go-to market strategies, and differentiate between core application areas and target markets.
Data Annotation Tools Type Outlook
• Text
• Image/Video
• Audio
Data Annotation Tools Annotation Type Outlook
• Manual
• Semi-supervised
• Automatic
Data Annotation Tools Vertical Outlook
• IT
• Automotive
• Government
• Healthcare
• Financial Services
• Retail
• Others
The research highlights important participants and manufacturers as well as the most recent tactics, including new product releases, collaborations, joint ventures, technology, segmentation of regional and industrial competitiveness, profit and loss ratios, and investment suggestions. a precise evaluation of efficient production and advertising methods, as well as market share, growth rate, size, revenue, and value chain analysis.
The World Data Annotation Tools Market Research Report is an in-depth analysis of the global industry with a focus on the current situation of the global Data Annotation Tools Market. The research provides important data on the worldwide Data Annotation Tools Market's manufacturers market state and is a great resource for businesses and people interested in the sector.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Data Annotation Tools market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Data Annotation Tools market.
Table of Contents
Global Data Annotation Tools Market Research Report 2023 - 2030
Chapter 1 Data Annotation Tools Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Data Annotation Tools Market Forecast
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The final report will add the analysis of the Impact of Covid-19 in this report Data Annotation Tools Market.
Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Data Annotation Tools Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Data Annotation Tools Market is analyzed and depicted in the report.
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