Press release
Data Annotation Tools Market to Reach USD 13,696.23 Million by 2030 : Research Report by Allied Market Research
The global data annotation tools market generated $1.35 billion in 2020 and is anticipated to reach $13.69 billion by 2030, manifesting a CAGR of 26.3% from 2021 to 2030. The report delivers in-depth data related to key drivers, key players, restraints, and opportunities with detailed impact analysis.
Access full report summary at: https://www.alliedmarketresearch.com/data-annotation-tools-market-A07910
The global data annotation tools market is segmented into annotation type, component, end-user, and region.
Leading players of the global data annotation tools market analyzed in the research include Amazon Mechanical Turk Inc., clickworker GmbH, Dbrain, Lionbridge Technologies Inc., Scale AI Inc., Cogito, APPEN LIMITED, LightTag, Playment, and tagtog Sp. z o.o.
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Based on component, the solution segment accounted for the largest market share in 2020, contributing to more than two-thirds of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the service segment is estimated to witness the fastest CAGR of 28.2% from 2021 to 2030.
Based on end users, the IT & Telecommunication segment contributed to the largest share in 2020, accounting for more than one-fourth of the global data annotation tools market. However, the healthcare segment is expected to manifest the highest CAGR of 31.4% from 2021 to 2030.
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Based on region, North America contributed to the highest share in 2020, holding nearly two-fifths of the total share. On the other hand, Asia-Pacific is anticipated to manifest the fastest CAGR of 31.1% during the forecast period.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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