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Global Data Annotation Tools Market Size, Share & Trends Analysis Report by Type (Text, Image/Video, Audio), by Annotation Type (Manual, Automatic, Semi-supervised), by Vertical, by Region, and Segment Forecasts, 2021-2028

  • ID: 5415550
  • Report
  • May 2021
  • Region: Global
  • 101 pages
  • Grand View Research

FEATURED COMPANIES

  • ALEGION
  • CLICKWORKER GMBH
  • COGITO TECH LLC
  • FIGURE EIGHT INC.
  • LIGHTTAG
  • PLAYMENT INC.
The global data annotation tools market size is expected to reach USD 3.4 billion by 2028. The market is expected to expand at a CAGR of 27.1% from 2021 to 2028. The advent of big data is expected to drive the growth of the artificial intelligence market as a large volume of information is required to be recorded, stored, and analyzed. The adoption of artificial intelligence is expected to significantly boost market growth as the annotated information acts as a catalyzer to train AI models and machine learning systems in critical areas such as speech recognition and image recognition. These tools offer AI its strength by directly providing information that is relevant to determining future outcomes and decision-making.

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 information 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 innovations in the retail segment, specifically in improving the e-commerce sector, using the information labeling tools is expected to drive the market 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 information by using machine learning. The acquisition helped drive innovations in the catalog quality and other aspects of the Walmart merchandising platform.

Data Annotation Tools Market Report Highlights

  • Rising demand for machine learning in automated data analytics is expected to augment demand for automatic information labeling tools in various data-driven applications. In addition, a rising focus on image annotation is anticipated to enhance the operations of the automotive, retail, and healthcare sector and thus is expected to propel market growth
  • In terms of annotation type, the manual segment captured the largest revenue share in 2020.The attributes such as accuracy, able to capture edge cases, and intelligent human resource is efficient enough to ensure high quality across large volumes of data. Which make manual annotation tools highly suitable to train machine learning algorithms for computer vision applications
  • Information labeling tools find greater acceptance in the automobile industry, especially for self-driving vehicles. High-resolution cameras, LIDAR sensors, and a huge amount of information are needed for creating the training data sets for such highly sensitive visual perception models in autonomous vehicles
  • To gain a competitive edge in the market, key players have started adopting the client base expansion strategy by raising funds for the development of their platform. For instance, in February 2020, Labelbox, Inc. raised a series B funding of around USD 25 million to enhance its platform with data labeling capabilities for AI training models. The funds were used to accelerate the computer vision and machine learning models by augmenting the size of the company’s sales and engineering teams

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Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ALEGION
  • CLICKWORKER GMBH
  • COGITO TECH LLC
  • FIGURE EIGHT INC.
  • LIGHTTAG
  • PLAYMENT INC.
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.1.1 Information Analysis
1.1.2 Market Formulation & Data Visualization
1.2 Research Scope and Assumptions
1.3 List Of Data Sources
1.3.1 Secondary Sourecs
1.3.2 Primary Sourecs

Chapter 2 Executive Summary
2.1 Data Annotation Tools - Industry Snapshot & Key Buying Criteria
2.2 Global Data Annotation Tools Market
2.2.1 Global data annotation tools market, 2017 - 2028
2.2.2 Global data annotation tools market, by region, 2017 - 2028
2.2.3 Global data annotation tools market, by type, 2017 - 2028
2.2.4 Global data annotation tools market, by annotation type, 2017 - 2028
2.2.5 Global data annotation tools market, by vertical, 2017 - 2028

Chapter 3 Data Annotation Tools Market Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Data Annotation Tools Market Penetration and Growth Prospects
3.3 Data Annotation Tools - Process Flow and Value Chain Analysis
3.4 Market Dynamics
3.4.1 Market Drivers
3.4.1.1 Growing need to make text/ image more interactive and engaging
3.4.1.2 Rapid penetration of AI and machine learning
3.4.1.3 Growing R&D spending on the development of self-driving vehicles
3.4.2 Market Restraints
3.4.2.1 Lack of skilled labor and high costs associated with manual annotation of complex images
3.5 Industry Analysis - Porter’s
3.5.1 Supplier Power
3.5.2 Buyer Power
3.5.3 Substitution Threat
3.5.4 Threat From New Entrant
3.5.5 Competitive Rivalry
3.6 Data Annotation Tools - PESTLE Analysis
3.6.1 Political
3.6.2 Economic
3.6.3 Social
3.6.4 Technological
3.7 Covid - 19 Impact Analysis

Chapter 4 Data Annotation Tools: Type Outlook
4.1 Data Annotation Tools Market Share by Type, 2020 & 2028
4.2 Text
4.2.1 Text annotation tools market, by region, 2017 - 2028
4.3 Image/Video
4.3.1 Image/video data annotation tools market, by region, 2017 - 2028
4.4 Audio
4.4.1 Audio data annotation tools market, by region, 2017 - 2028

Chapter 5 Data Annotation Tools: Annotation Type Outlook
5.1 Data Annotation Tools Market Share by Annotation Type, 2020 & 2028
5.2 Manual
5.2.1 Manual annotation tools market, by region, 2017 - 2028
5.3 Semi-supervised
5.3.1 Semi-supervised data annotation tools market, by region, 2017 - 2028
5.4 Automatic
5.4.1 Automatic data annotation tools market, by region, 2017 - 2028

Chapter 6 Data Annotation Tools: Vertical Outlook
6.1 Data Annotation Tools Market Share by Vertical, 2020 & 2028
6.2 IT
6.2.1 IT data annotation tools market, by region, 2017 - 2028
6.3 Automotive
6.3.1 Automotive data annotation tools market, by region, 2017 - 2028
6.4 Government
6.4.1 Government data annotation tools market, by region, 2017 - 2028
6.5 Healthcare
6.5.1 Healthcare data annotation tools market, by region, 2017 - 2028
6.6 Financial Services
6.6.1 Financial services data annotation tools market, by region, 2017 - 2028
6.7 Retail
6.7.1 Retail data annotation tools market, by region, 2017 - 2028
6.8 Others
6.8.1 Others data annotation tools market, by region, 2017 - 2028

Chapter 7 Data Annotation Tools: Regional Outlook
7.1 North America
7.1.1 North America data annotation tools market, by type, 2017 - 2028
7.1.2 North America data annotation tools market, by annotation type, 2017 - 2028
7.1.3 North America data annotation tools market, by vertical, 2017 - 2028
7.1.4 U.S.
7.1.4.1 U.S. Data Annotation Tools Market, By Type, 2017 - 2028
7.1.4.2 U.S. Data Annotation Tools Market, By Annotation Type, 2017 - 2028
7.1.4.3 U.S. Data Annotation Tools Market, By Vertical, 2017 - 2028
7.1.5 Canada
7.1.5.1 Canada Data Annotation Tools Market, By Type, 2017 - 2028
7.1.5.2 Canada Data Annotation Tools Market, By Annotation Type, 2017 - 2028
7.1.5.3 Canada Data Annotation Tools Market, By Vertical, 2017 - 2028
7.1.6 Mexico
7.1.6.1 Mexico Data Annotation Tools Market, By Type, 2017 - 2028
7.1.6.2 Mexico Data Annotation Tools Market, By Annotation Type, 2017 - 2028
7.1.6.3 Mexico Data Annotation Tools Market, By Vertical, 2017 - 2028
7.2 Europe
7.2.1 Europe data annotation tools market, by type, 2017 - 2028
7.2.2 Europe data annotation tools market, by annotation type, 2017 - 2028
7.2.3 Europe data annotation tools market, by vertical, 2017 - 2028
7.2.4 U.K.
7.2.4.1 U.K. Data Annotation Tools Market, By Type, 2017 - 2028
7.2.4.2 U.K. Data Annotation Tools Market, By Annotation Type, 2017 - 2028
7.2.4.3 U.K. Data Annotation Tools Market, By Vertical, 2017 - 2028
7.2.5 Germany
7.2.5.1 Germany Data Annotation Tools Market, By Type, 2017 - 2028
7.2.5.2 Germany Data Annotation Tools Market, By Annotation Type, 2017 - 2028
7.2.5.3 Germany Data Annotation Tools Market, By Vertical, 2017 - 2028
7.2.6 France
7.2.6.1 France Data Annotation Tools Market, By Type, 2017 - 2028
7.2.6.2 France Data Annotation Tools Market, By Annotation Type, 2017 - 2028
7.2.6.3 France Data Annotation Tools Market, By Vertical, 2017 - 2028
7.3 Asia Pacific
7.3.1 Asia Pacific data annotation tools market, by type, 2017 - 2028
7.3.2 Asia Pacific data annotation tools market, by annotation type, 2017 - 2028
7.3.3 Asia Pacific data annotation tools market, by vertical, 2017 - 2028
7.3.4 China
7.3.4.1 China Data Annotation Tools Market, By Type, 2017 - 2028
7.3.4.2 China Data Annotation Tools Market, By Annotation Type, 2017 - 2028
7.3.4.3 China Data Annotation Tools Market, By Vertical, 2017 - 2028
7.3.5 Japan
7.3.5.1 Japan Data Annotation Tools Market, By Type, 2017 - 2028
7.3.5.2 Japan Data Annotation Tools Market, By Annotation Type, 2017 - 2028
7.3.5.3 Japan Data Annotation Tools Market, By Vertical, 2017 - 2028
7.3.6 India
7.3.6.1 India Data Annotation Tools Market, By Type, 2017 - 2028
7.3.6.2 India Data Annotation Tools Market, By Annotation Type, 2017 - 2028
7.3.6.3 India Data Annotation Tools Market, By Vertical, 2017 - 2028
7.4 South America
7.4.1 South America data annotation tools market, by type, 2017 - 2028
7.4.2 South America data annotation tools market, by annotation type, 2017 - 2028
7.4.3 South America data annotation tools market, by vertical, 2017 - 2028
7.4.4 Brazil
7.4.4.1 Brazil Data Annotation Tools Market, By Type, 2017 - 2028
7.4.4.2 Brazil Data Annotation Tools Market, By Annotation Type, 2017 - 2028
7.4.4.3 Brazil Data Annotation Tools Market, By Vertical, 2017 - 2028
7.5 MEA
7.5.1 MEA Data Annotation Tools Market, By Type, 2017 - 2028
7.5.2 MEA Data Annotation Tools Market, By Annotation Type, 2017 - 2028
7.5.3 MEA Data Annotation Tools Market, By Vertical, 2017 - 2028

Chapter 8 Competitive Landscape
8.1 Company Profiles
8.1.1 ANNOTATE.COM
8.1.1.1 Company Overview
8.1.1.2 Product Benchmarking
8.1.2 APPEN LIMITED
8.1.2.1 Company Overview
8.1.2.2 Financial Performance
8.1.2.3 Product Benchmarking
8.1.2.4 Recent developments
8.1.3 CLOUDAPP
8.1.3.1 Company Overview
8.1.3.2 Product Benchmarking
8.1.4 COGITO TECH LLC
8.1.4.1 Company Overview
8.1.4.2 Product Benchmarking
8.1.5 DEEP SYSTEMS, LLC
8.1.5.1 Company Overview
8.1.5.2 Product Benchmarking
8.1.6 LABELBOX, INC
8.1.6.1 Company Overview
8.1.6.2 Financial Performance
8.1.6.3 Product Benchmarking
8.1.6.4 Recent developments
8.1.7 LIGHTTAG
8.1.7.1 Company Overview
8.1.7.2 Product Benchmarking
8.1.8 LOTUS QUALITY ASSURANCE
8.1.8.1 Company Overview
8.1.8.2 Product Benchmarking
8.1.9 PLAYMENT INC.
8.1.9.1 Company Overview
8.1.9.2 Product Benchmarking
8.1.10 TAGTOG SP. Z O.O.
8.1.10.1 Company Overview
8.1.10.2 Product Benchmarking
8.1.11 CLOUDFACTORY LIMITED
8.1.11.1 Company Overview
8.1.11.2 Financial Performance
8.1.11.3 Product Benchmarking
8.1.11.4 Recent developments
8.1.12 CLICKWORKER GMBH
8.1.12.1 Company Overview
8.1.12.2 Product Benchmarking
8.1.13 ALEGION
8.1.13.1 Company Overview
8.1.13.2 Product Benchmarking
8.1.13.3 Recent developments
8.1.14 FIGURE EIGHT INC.
8.1.14.1 Company Overview
8.1.14.2 Product Benchmarking
8.1.15 AMAZON MECHANICAL TURK, INC.
8.1.15.1 Company Overview
8.1.15.2 Product Benchmarking
8.1.15.3 Recent developments
8.1.16 EXPLOSION AI GMBH
8.1.16.1 Company Overview
8.1.16.2 Product Benchmarking
8.1.17 MIGHTY AI, INC.
8.1.17.1 Company Overview
8.1.17.2 Product Benchmarking
8.1.18 TRILLDATA TECHNOLOGIES PVT LTD
8.1.18.1 Company Overview
8.1.18.2 Product Benchmarking
8.1.19 SCALE AI, INC.
8.1.19.1 Company Overview
8.1.19.2 Product Benchmarking
8.1.19.3 Recent developments
8.1.20 GOOGLE LLC
8.1.20.1 Company Overview
8.1.20.2 Financial Performance
8.1.20.3 Product Benchmarking
8.1.21 LIONBRIDGE TECHNOLOGIES, INC.
8.1.21.1 Company Overview
8.1.21.2 Product Benchmarking
8.1.21.3 Recent developments
8.1.22 SUPERANNOTATE LLC
8.1.22.1 Company Overview
8.1.22.2 Product Benchmarking
8.1.22.3 Recent developments



List of Tables
Table 1 Data annotation tools Market - Industry snapshot & key buying criteria, 2017 - 2028
Table 2 Global data annotation tools market, 2017 - 2028 (USD Million)
Table 3 Global data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 4 Global data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 5 Global data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 6 Global data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 7 Key market driver impact
Table 8 Key market restraints impact
Table 9 List of key market players
Table 10 Text data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 11 Image/Video data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 12 Audio data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 13 Manual data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 14 Semi-Supervised data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 15 Automatic data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 16 IT data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 17 Automotive data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 18 Government data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 19 Healthcare data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 20 Financial Services data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 21 Retail data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 22 Other data annotation tools market, by region, 2017 - 2028 (USD Million)
Table 23 North America data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 24 North America data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 25 North America data annotation Tools market, By vertical, 2017 - 2028 (USD Million)
Table 26 U.S. data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 27 U.S. data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 28 U.S. data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 29 Canada data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 30 Canada data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 31 Canada data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 32 Mexico data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 33 Mexico data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 34 Mexico data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 35 Europe data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 36 Europe data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 37 Europe data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 38 U.K. data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 39 U.K. data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 40 U.K. data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 41 Germany data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 42 Germany data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 43 Germany data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 44 France data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 45 France data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 46 France data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 47 Asia Pacific data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 48 Asia Pacific data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 49 Asia Pacific data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 50 China data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 51 China data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 52 China data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 53 Japan data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 54 Japan data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 55 Japan data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 56 India data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 57 India data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 58 India data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 59 South America data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 60 South America data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 61 South America data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 62 Brazil data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 63 Brazil data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 64 Brazil data annotation tools market, by vertical, 2017 - 2028 (USD Million)
Table 65 MEA data annotation tools market, by type, 2017 - 2028 (USD Million)
Table 66 MEA data annotation tools market, by annotation type, 2017 - 2028 (USD Million)
Table 67 MEA data annotation tools market, by vertical, 2017 - 2028 (USD Million)

List of Figures
Fig. 1 Research Process
Fig. 2 Market Formulation
Fig. 3 Data annotation tools market segmentation
Fig. 4 Global data annotation tools market, 2017 - 2028 (USD Million)
Fig. 5 Data annotation tools - Process flow analysis
Fig. 6 Data annotation tools market dynamics
Fig. 7 Data annotation tools market share by type, 2020 & 2028
Fig. 8 Data annotation tools market share by annotation type, 2020 & 2028
Fig. 9 Data annotation tools market share by vertical, 2020 & 2028
Fig. 10 Regional marketplace: Key takeaways
Note: Product cover images may vary from those shown
  • ANNOTATE.COM
  • APPEN LIMITED
  • CLOUDAPP
  • COGITO TECH LLC
  • DEEP SYSTEMS, LLC
  • 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
Note: Product cover images may vary from those shown

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