Global Data Annotation Tools Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: June 2, 2021 |

The global data annotation tools market size is expected to grow at a significant CAGR of around 28% during the forecast period 2021 to 2027. The rising adoption of image data annotation tools in various end-use industries such as healthcare, automotive, and retail is a major factor to drive the market growth across the globe. The key benefit associated with the tools is increased efficiency and better support to handle a large volume of data on the cloud and Hadoop platform, which is expected to expand the market globally. The increasing importance of high-quality, well-labeled input data to enhance the accuracy of machine learning algorithms is further driving the industry demand.

Market Segment Insights:

The global data annotation tools market is bifurcated into type, annotation type, end-use industry, and geography. On the basis of type, the market is further segmented into text, image/video, and audio. The text segment is accounted to hold the largest market share of over one-third share of the market in 2020. On the other hand, the image/video segment is expected to grow at the fastest growth rate over the forecast period due to the increasing application of image data annotation in the healthcare industry, especially in medical imaging.

By end-use, the market is fragmented into IT, automotive, healthcare, financial services, retail, and others. The IT segment dominated the global data annotation tools market in 2020 and accounted to hold the largest revenue share of around one-third of the market share by revenue. Furthermore, the healthcare segment is accounted to grow at a significant growth rate over the forecast period due to the increasing adoption of AI in the healthcare industry for various applications such as diagnostic, drug development, treatment prediction, and gene sequencing.

Global Data Annotation Tools Market

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The data annotation tools comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The data annotation tools market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Data Annotation Tools Market Segmentation:

By Type:

  • Text
  • Image/Video
  • Audio

By Annotation Type:

  • Manual
  • Semi-supervised
  • Automatic

By End-Use Industry:

  • IT
  • Automotive
  • Government
  • Healthcare
  • Financial Services
  • Retail
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, the data annotation tools market report comprises dedicated sections centering on the regional market revenue and trends. The data annotation tools market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The data annotation tools market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Data annotation tools market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Market Competition Assessment:

Some of the major players operating in the global data annotation tools market are Appen Limited, Amazon Web Services, Inc., Clickworker GmbH, CloudApp, Inc., and CloudFactory Limited. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Appen Limited
  • Amazon Web Services, Inc.
  • Clickworker GmbH
  • CloudApp, Inc.
  • CloudFactory Limited
  • Cogito Tech LLC
  • Dataturks
  • Google LLC
  • Hive
  • IBM Corporation

Key Questions Answered by Data Annotation Tools Market Report:

  • Global data annotation tools market forecasts from 2021-2027
  • Regional data annotation tools market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Data annotation tools submarket forecasts from 2021-2027 covering the market by type, by annotation, by end-use industry, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to data annotation tools market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level data annotation tools markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the data annotation tools market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Data Annotation Tools Market Portraiture
2.2. Global Data Annotation Tools Market, by Type, 2020 (USD Mn)
2.3. Global Data Annotation Tools Market, by Annotation Type, 2020 (USD Mn)
2.4. Global Data Annotation Tools Market, by End-Use Industry, 2020 (USD Mn)
2.5. Global Data Annotation Tools Market, by Geography, 2020 (USD Mn)

 

3. Global Data Annotation Tools Market Analysis


3.1. Data Annotation Tools Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
3.6.1. V Shaped Recovery
3.6.2. U Shaped Recovery
3.6.3. L Shaped Recovery
3.6.4. W Shaped Recovery

 

4. Global Data Annotation Tools Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Text
4.3. Image/Video
4.4. Audio

 

5. Global Data Annotation Tools Market By Annotation Type, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Manual
5.3. Semi-supervised
5.4. Automatic

 

6. Global Data Annotation Tools Market By End-Use Industry, 2018 – 2027 (USD Mn)


6.1. Overview
6.2. IT
6.3. Automotive
6.4. Government
6.5. Healthcare
6.6. Financial Services
6.7. Retail
6.8. Others

 

7. North America Data Annotation Tools Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. North America Data Annotation Tools Market by Type (2018-2027 USD Mn)
7.1.3. North America Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
7.1.4. North America Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
7.1.5. North America Data Annotation Tools Market by Country (2018-2027 USD Mn)
7.1.5.1. U.S.
7.1.5.1.1. U.S. Data Annotation Tools Market by Type (2018-2027 USD Mn)
7.1.5.1.2. U.S. Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
7.1.5.1.3. U.S. Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
7.1.5.2. Canada
7.1.5.2.1. Canada Data Annotation Tools Market by Type (2018-2027 USD Mn)
7.1.5.2.2. Canada Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
7.1.5.2.3. Canada Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)

 

8. Europe Data Annotation Tools Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Europe Data Annotation Tools Market by Type (2018-2027 USD Mn)
8.1.3. Europe Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
8.1.4. Europe Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
8.1.5. Europe Data Annotation Tools Market by Country (2018-2027 USD Mn)
8.1.5.1. Germany
8.1.5.1.1. Germany Data Annotation Tools Market by Type (2018-2027 USD Mn)
8.1.5.1.2. Germany Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
8.1.5.1.3. Germany Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
8.1.5.2. U.K.
8.1.5.2.1. U.K. Data Annotation Tools Market by Type (2018-2027 USD Mn)
8.1.5.2.2. U.K. Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
8.1.5.2.3. U.K. Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
8.1.5.3. France
8.1.5.3.1. France Data Annotation Tools Market by Type (2018-2027 USD Mn)
8.1.5.3.2. France Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
8.1.5.3.3. France Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
8.1.5.4. Italy
8.1.5.4.1. Italy Data Annotation Tools Market by Type (2018-2027 USD Mn)
8.1.5.4.2. Italy Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
8.1.5.4.3. Italy Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
8.1.5.5. Rest of Europe
8.1.5.5.1. Rest of Europe Data Annotation Tools Market by Type (2018-2027 USD Mn)
8.1.5.5.2. Rest of Europe Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
8.1.5.5.3. Rest of Europe Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)

 

9. Asia Pacific Data Annotation Tools Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Asia Pacific Data Annotation Tools Market by Type (2018-2027 USD Mn)
9.1.3. Asia Pacific Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
9.1.4. Asia Pacific Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
9.1.5. Asia Pacific Data Annotation Tools Market by Country (2018-2027 USD Mn)
9.1.5.1. China
9.1.5.1.1. China Data Annotation Tools Market by Type (2018-2027 USD Mn)
9.1.5.1.2. China Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
9.1.5.1.3. China Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
9.1.5.2. Japan
9.1.5.2.1. Japan Data Annotation Tools Market by Type (2018-2027 USD Mn)
9.1.5.2.2. Japan Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
9.1.5.2.3. Japan Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
9.1.5.3. Rest of Asia Pacific
9.1.5.3.1. Rest of Asia Pacific Data Annotation Tools Market by Type (2018-2027 USD Mn)
9.1.5.3.2. Rest of Asia Pacific Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
9.1.5.3.3. Rest of Asia Pacific Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)

 

10. Latin America (LATAM) Data Annotation Tools Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. Latin America Data Annotation Tools Market by Type (2018-2027 USD Mn)
10.1.3. Latin America Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
10.1.4. Latin America Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
10.1.5. Latin America Data Annotation Tools Market by Country (2018-2027 USD Mn)
10.1.5.1. Brazil
10.1.5.1.1. Brazil Data Annotation Tools Market by Type (2018-2027 USD Mn)
10.1.5.1.2. Brazil Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
10.1.5.1.3. Brazil Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
10.1.5.2. Mexico
10.1.5.2.1. Mexico Data Annotation Tools Market by Type (2018-2027 USD Mn)
10.1.5.2.2. Mexico Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
10.1.5.2.3. Mexico Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
10.1.5.3. Rest of Latin America
10.1.5.3.1. Rest of Latin America Data Annotation Tools Market by Type (2018-2027 USD Mn)
10.1.5.3.2. Rest of Latin America Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
10.1.5.3.3. Rest of Latin America Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)

 

11. Middle East and Africa Data Annotation Tools Market Analysis and Forecast, 2018 – 2027 (USD Mn)


11.1.1. Overview
11.1.2. MEA Data Annotation Tools Market by Type (2018-2027 USD Mn)
11.1.3. MEA Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
11.1.4. MEA Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
11.1.5. Middle East and Africa Data Annotation Tools Market, by Country (2018-2027 USD Mn)
11.1.5.1. GCC
11.1.5.1.1. GCC Data Annotation Tools Market by Type (2018-2027 USD Mn)
11.1.5.1.2. GCC Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
11.1.5.1.3. GCC Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)
11.1.5.2. Rest of MEA
11.1.5.2.1. Rest of MEA Data Annotation Tools Market by Type (2018-2027 USD Mn)
11.1.5.2.2. Rest of MEA Data Annotation Tools Market by Annotation Type (2018-2027 USD Mn)
11.1.5.2.3. Rest of MEA Data Annotation Tools Market by End-Use Industry (2018-2027 USD Mn)

 

12. Company Profiles


12.1. Appen Limited
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Amazon Web Services, Inc.
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Clickworker GmbH
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. CloudApp, Inc.
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. CloudFactory Limited
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Cogito Tech LLC
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Dataturks
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Google LLC
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Hive
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. IBM Corporation
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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