Data Annotation Tools Market Share, Size, Trends, Industry Analysis Report, By Type, By Annotation Type, By Vertical, By Region; Segment Forecast, 2024 - 2032
The global data annotation tools market size is expected to reach USD 8951.85 million by 2032 according to a new study by Polaris Market Research. The report "Data Annotation Tools Market Share, Size, Trends, Industry Analysis Report, By Type (Text, Image/Video, Audio), By Annotation Type (Manual, Semi-supervised, Automatic), By Vertical (IT, Automotive, Government, Healthcare, Financial Services, Retail, Others), By Region; Segment Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The industry is growing at a significant pace due to the rising penetration of the image data tools in the healthcare, automotive, and retail sectors. In addition, growing investments in the research & development activities for the growth of self-driving vehicles and the rapid advancement in the latest AI technologies drive market development. Increasing adoption of high-quality input data for high precision and accuracy also contributes to global industry growth of these tools.
The growing acceptance of AI in the automotive industry impels the adoption of these data tools across the globe. AI technologies have enormous potential to address challenges in transportation, specifically with regard to safety, reliability & predictability, efficiency, and environmental issues like pollution. AI will continue to transform the automotive & transportation sector to make it more efficient and safer, particularly developing autonomous vehicles.
The deployment of AI in automobiles can also offer innovations in traffic management for solutions to more effectively route cars, avoid accidents, crashes, and fatalities, and assist law enforcement. Moreover, the major reason for adopting AI technology is that the driverless car can perform several functions that are not achievable by humans. Recent advances in AI for automotive have resulted in some algorithms which have dramatically enhanced the ability of self-driven cars. Thus, these are the few factors that boost the adoption of AI in automotive & transportation, which, in turn, boost the industry growth.
Market participants such as Amazon Mechanical Turk, Annotate.com, Appen Limited, Clickworker, CloudFactory Limited, Cogito Tech LLC, Dbrain, Explosion AI GMbH, Figure Eight Inc., Google LLC, Lighttag, Lionbridge Technologies, Inc., Lotus Quality Assurance, Playment Inc, Scale AI, INC., SuperAnnotate LLC, Tagtog, Trilldata Technologies Pvt Ltd. are some of the key players operating in the global market.
Polaris Market Research has segmented the data annotation tools market report on the basis of type, annotation type, vertical and region:
Data Annotation Tools, Type Outlook (Revenue - USD Million, 2016 - 2028)
Text
Image/Video
Audio
Data Annotation Tools, Annotation Type Outlook (Revenue - USD Million, 2016 - 2028)
Manual
Semi-supervised
Automatic
Data Annotation Tools, Vertical Outlook (Revenue - USD Million, 2016 - 2028)
IT
Automotive
Government
Healthcare
Financial Services
Retail
Others
Data Annotation Tools, Regional Outlook (Revenue - USD Million, 2016 - 2028)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Netherlands
Spain
Austria
Asia Pacific
China
India
Japan
Malaysia
Indonesia
South Korea
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Data Annotation Tools Market Insights
4.1. Data Annotation Tools - Industry Snapshot
4.2. Data Annotation Tools Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing need to make text/ image more interactive and engaging
4.2.1.2. Rapid penetration of AI and machine learning
4.2.2. Restraints and Challenges
4.2.2.1. Lack of skilled labor and high costs associated with manual annotation of complex images
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Data Annotation Tools Market Industry trends
4.6. COVID-19 Impact Analysis
5. Global Data Annotation Tools Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
5.3. Text
5.3.1. Global Data Annotation Tools Market, by Text, by Region, 2016 - 2028 (USD Million)
5.4. Image/Video
5.4.1. Global Data Annotation Tools Market, by Image/Video, by Region, 2016 - 2028 (USD Million)
5.5. Audio
5.5.1. Global Data Annotation Tools Market, by Audio, by Region, 2016 - 2028 (USD Million)
6. Global Data Annotation Tools Market, by Annotation
6.1. Key Findings
6.2. Introduction
6.2.1. Global Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
6.3. Manual
6.3.1. Global Data Annotation Tools Market, by Manual, by Region, 2016 - 2028 (USD Million)
6.4. Semi-supervised
6.4.1. Global Data Annotation Tools Market, by Semi-supervised, by Region, 2016 - 2028 (USD Million)
6.5. Automatic
6.5.1. Global Data Annotation Tools Market, by Automatic, by Region, 2016 - 2028 (USD Million)
7. Global Data Annotation Tools Market , by Vertical
7.1. Key Findings
7.2. Introduction
7.2.1. Global Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
7.3. IT
7.3.1. Global Data Annotation Tools Market, by IT, by Region, 2016 - 2028 (USD Million)
7.4. Automotive
7.4.1. Global Data Annotation Tools Market, by Automotive, by Region, 2016 - 2028 (USD Million)
7.5. Government
7.5.1. Global Data Annotation Tools Market, by Government, by Region, 2016 - 2028 (USD Million)
7.6. Healthcare
7.6.1. Global Data Annotation Tools Market, by Healthcare, by Region, 2016 - 2028 (USD Million)
7.7. Financial Services
7.7.1. Global Data Annotation Tools Market, by Financial Services, by Region, 2016 - 2028 (USD Million)
7.8. Retail
7.8.1. Global Data Annotation Tools Market, by Retail, by Region, 2016 - 2028 (USD Million)
7.9. Others
7.9.1. Global Data Annotation Tools Market, by Others, by Region, 2016 - 2028 (USD Million)
8. Data Annotation Tools Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Data Annotation Tools Market Assessment, By Geography, 2016 - 2028 (USD Million)
8.3. Data Annotation Tools Market - North America
8.3.1. North America: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.3.2. North America: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.3.3. North America: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.3.4. Data Annotation Tools Market - U.S.
8.3.4.1. U.S.: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.3.4.2. U.S.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.3.4.3. U.S.: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.3.5. Data Annotation Tools Market - Canada
8.3.5.1. Canada: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.3.5.2. Canada.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.3.5.3. Canada: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.4. Data Annotation Tools Market - Europe
8.4.1. Europe: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.4.2. Europe.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.4.3. Europe: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.4.4. Data Annotation Tools Market - UK
8.4.4.1. UK: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.4.4.2. UK.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.4.4.3. UK: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.4.5. Data Annotation Tools Market - France
8.4.5.1. France: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.4.5.2. France.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.4.5.3. France: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.4.6. Data Annotation Tools Market - Germany
8.4.6.1. Germany: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.4.6.2. Germany.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.4.6.3. Germany: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.4.7. Data Annotation Tools Market - Italy
8.4.7.1. Italy: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.4.7.2. Italy.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.4.7.3. Italy: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.4.8. Data Annotation Tools Market - Spain
8.4.8.1. Spain: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.4.8.2. Spain.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.4.8.3. Spain: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.4.9. Data Annotation Tools Market - Netherlands
8.4.9.1. Netherlands: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.4.9.2. Netherlands.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.4.9.3. Netherlands: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.4.10. Data Annotation Tools Market - Austria
8.4.10.1. Austria: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.4.10.2. Austria.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.4.10.3. Austria: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.5. Data Annotation Tools Market - Asia Pacific
8.5.1. Asia Pacific: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.5.2. Asia Pacific.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.5.3. Asia Pacific: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.5.4. Data Annotation Tools Market - China
8.5.4.1. China: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.5.4.2. China.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.5.4.3. China: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.5.5. Data Annotation Tools Market - India
8.5.5.1. India: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.5.5.2. India.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.5.5.3. India: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.5.6. Data Annotation Tools Market - Malaysia
8.5.6.1. Malaysia: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.5.6.2. Malaysia.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.5.6.3. Malaysia: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.5.7. Data Annotation Tools Market - Japan
8.5.7.1. Japan: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.5.7.2. Japan.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.5.7.3. Japan: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.5.8. Data Annotation Tools Market - Indonesia
8.5.8.1. Indonesia: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.5.8.2. Indonesia.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.5.8.3. Indonesia: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.5.9. Data Annotation Tools Market - South Korea
8.5.9.1. South Korea: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.5.9.2. South Korea.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.5.9.3. South Korea: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.6. Data Annotation Tools Market - Middle East & Africa
8.6.1. Middle East & Africa: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.6.2. Middle East & Africa.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.6.3. Middle East & Africa: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.6.4. Data Annotation Tools Market - Saudi Arabia
8.6.4.1. Saudi Arabia: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.6.4.2. Saudi Arabia.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.6.4.3. Saudi Arabia: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.6.5. Data Annotation Tools Market - UAE
8.6.5.1. UAE: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.6.5.2. UAE.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.6.5.3. UAE: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.6.6. Data Annotation Tools Market - Israel
8.6.6.1. Israel: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.6.6.2. Israel.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.6.6.3. Israel: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.6.7. Data Annotation Tools Market - South Africa
8.6.7.1. South Africa: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.6.7.2. South Africa.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.6.7.3. South Africa: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.7. Data Annotation Tools Market - Latin America
8.7.1. Latin America: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.7.2. Latin America.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.7.3. Latin America: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.7.4. Data Annotation Tools Market - Mexico
8.7.4.1. Mexico: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.7.4.2. Mexico.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.7.4.3. Mexico: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.7.5. Data Annotation Tools Market - Brazil
8.7.5.1. Brazil: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.7.5.2. Brazil.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.7.5.3. Brazil: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)
8.7.6. Data Annotation Tools Market - Argentina
8.7.6.1. Argentina: Data Annotation Tools Market, by Annotation, 2016 - 2028 (USD Million)
8.7.6.2. Argentina.: Data Annotation Tools Market, by Type, 2016 - 2028 (USD Million)
8.7.6.3. Argentina: Data Annotation Tools Market, by Vertical, 2016 - 2028 (USD Million)