The Data Annotation Tools Market Report 2023 gives the technical and financial data of the market for the present and the foreseeable future. This report is one of the most thorough and significant additions to the Astute Analytica market research archive. It provides a thorough investigation and analysis of important facets of the world market. The supply and demand scenario, pricing set-up, profit margins, production, and market analysis are all examined in this study as major driving forces behind the worldwide Data Annotation Tools Market expansion.
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The report incorporates both qualitative and quantitative evaluations from subject-matter experts and representatives across various industries along the supply chain. The global data annotation tools market is estimated to witness a major jump in revenue from US$ 1,545.4 million in 2022 to US$ 13,922.4 million by 2031. The market is projected to grow a CAGR of 31.1% over the projection period 2023–2031
The report gives a thorough analysis of the Data Annotation Tools Market, covering regional trends, market size, prospects for expansion, and important market factors in each region. In 2021, the United States Gross Domestic Product (GDP) value was US$ 23,315.08 billion, according to verified data from the World Bank. In terms of GDP, the United States accounts for 10.41% of the global economy. The mixed economy of the United States is very advanced. By nominal GDP, it has the largest economy in the world, and by purchasing power parity (PPP), it is second only to China in size.
The leading companies mentioned are
- Annotate.com
- Appen Limited
- Cloud Factory Limited
- CloudApp
- Cogito Tech LLC
- Deep Systems
- Google Inc.
- Labelbox, Inc
- LightTag
- Lionbridge Technologies, Inc.
- Lotus Quality Assurance
- Playment Inc.
- Tagtog Sp.zo.
- Other Prominent Players
The report also acknowledges the impact of COVID-19, including updates on the Omicron mutation study, on the market. It considers both the direct impact of the pandemic and the indirect influence on related industries. The observations on the pandemic’s impact are included in the report.
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Furthermore, the report divides geographical regions into several major categories for production, consumption, revenue (in US dollars), and market share analysis. It discusses the predicted growth of the market in these regions between 2021 and 2031.
The segmentation overview of the Data Annotation Tools Market includes
By Data Type Segment of the Global Data Annotation Tools Market is Sub-Segmented into:
- Text
- Sentiment
- Text Classification
- Entity
- Image
- Boundary Boxes
- Line Annotation
- Image Transcription
- Video
- Semantic
- Polygon
- Key point
- Audio
- Voice Activity Detection (VAD)
- Speaker Identification
- Automated Speech Recognition
By Technology Segment of the Global Data Annotation Tools Market is Sub-Segmented into:
- Supervised
- Semi-Supervised
- Automatic
By Device Type Segment of the Global Data Annotation Tools Market is Sub-Segmented into:
- Mac OS
- Windows
- Linux
- Others
By End Users Segment of the Global Data Annotation Tools Market is Sub-Segmented into:
- Automotive
- Healthcare
- Retail
- Transportation and logistics
- BFSI
- Telecommunication and IT
- Others
By Region Type Segment of the Global Data Annotation Tools Market is Sub-Segmented into:
- North America
- The U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Poland
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
Overall, Astute Analytica’s report on the global Data Annotation Tools market appears to be a comprehensive resource for businesses seeking to understand the current state of the market and its future growth prospects.
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