Data annotation tools Market to Witness Robust Expansion by 2028

The data annotation tools market was valued at USD 1,355.12 million in 2021 and is expected to reach USD 13,696.23 million by 2028, registering a CAGR of 26.3% from 2022 to 2028. The data annotation tool is an on-premises, cloud-based or containerized software solution designed to interpret production-level training tools for machine learning. In addition, data annotation tools are designed to be used with an explicit set of data, such as video, image, text, spreadsheet, and sensor data, which are used in different deployment models such as SaaS (cloud), on-premises, container. In addition, organizations around the world are taking a do-it-yourself approach and building their data annotation tools, which further stimulates the growth of data annotation tools.

Company Profile

• APPEN LIMITED
• CLICKWORKER GMBH
• COGITO
• DBRAIN
• LIGHTTAG
• LIONBRIDGE TECHNOLOGIES, INC.
• PLAYMENT
• SCALE AI

Market Segmentation

BY COMPONENT

• SOLUTION
• SERVICE

BY ANNOTATION TYPE

• MANUAL ANNOTATION
• SEMI-SUPERVISED
• AUTOMATED ANNOTATION

BY END USER

• IT & TELECOMMUNICATION
• RETAIL & E-COMMERCE
• BFSI
• HEALTHCARE
• GOVERNMENT

Scope of the Report

The research study analyzes the Data annotation tools Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Data annotation tools Market Report

1. What was the Data annotation tools Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Data annotation tools Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Data annotation tools Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Data annotation tools Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Data annotation tools
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Data annotation tools
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Data annotation tools Market.