The global Data Annotation Tools market was valued at USD 1.2 Billion in 2021 and it is anticipated to grow up to USD 10.2 Billion by 2031, at a CAGR of 23.8% during the forecast period.
New York, Global Data Annotation Tools Market from Global Insight Services is the only authoritative source for intelligence on the Data Annotation Tools Market . The report will provide you with an analysis of the impact of the latest market disruptions such as the Russo-Ukrainian War and Covid-19 on the market. The report provides a qualitative analysis of the market using various frameworks such as Porters Analysis and PESTLE. The report includes in-depth segmentation and market size data by categories, product types, applications, and geographic regions. The report also includes a comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as mergers and acquisitions activities in the market.
Download sample report: https://www.globalinsightservices.com/request-sample/GIS24356
Data annotation tools are software programs that allow users to label and categorize data for machine learning algorithms. The most common types of data annotation tools are image annotation tools and video annotation tools. Image annotation tools allow users to label images for object detection, classification, and segmentation tasks. Video annotation tools allow users to label video data for tasks such as action detection and recognition.
Market Trends and Drivers
The growing importance of high-quality and well-labeled input data for augmenting the accuracy of machine learning algorithms is likely to drive the industry growth. Data annotation tools are highly suited for situations where unlabeled data is available in large volumes and will create new opportunities for the market expansion. Moreover, increasing need for data annotation tools to support the increasing volume of data coupled with the increasing number of data annotation tool providers.
Free customization available – https://www.globalinsightservices.com/request-customization/GIS24356
Major Players in the Global Data Annotation Tools Market
The key players in the Data Annotation Tools market Annotate.com, Appen Limited, CloudApp, Cogito Tech LLC, Deep Systems, Labelbox, Inc., LightTag, Lotus Quality Assurance, Playment Inc., and Tagtog Sp. z o.o. among others.
Global Data Annotation Tools Market Segmentation
By Data Type
- Image/video
- Text
- Audio
By Annotation Approach
- Manual Annotation
- Automated Annotation
By End-use
- IT & Telecom
- BFSI
- Healthcare
- Retail
- Automotive
- Agriculture
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Purchase This Market Research Report – https://www.globalinsightservices.com/checkout/single_user/GIS24356
With Global Insight Services, you receive:
- 10-year forecasts to help you make strategic decisions
- In-depth segmentation that can be customized according to your requirements
- Free consultation with the lead analyst of the report
- Excel data package included with all report purchases
- Robust and transparent research methodology
Leading research and solutions centered around the market player for the next decade according to the current market scenario
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1–833–761–1700