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Global Data Annotation Tool Market Forecast to 2030 - COVID-19 Impact and Analysis by Type (Type, Image/Audio, Audio); Annotation Type (Manual, Automatic, Semi-Supervised); Vertical ( IT, Automotive, Government, Healthcare, Financial Services, Retail, Others) and Geography

  • Industry : Information & Communication Technology
  • No. of Pages : 195
  • Report Code : YVICT10299

Global Data annotation tool Market Introduction

The rise in adoption of image data annotation tools in the automotive, retail, and healthcare sectors is a key aspect driving the market during the forecast period from 2021 to 2030. These tools allow users to improve the value of data by adding attribute tags to it or labeling it. The key benefit of using data annotation tools is that the integration of data attributes allows users to manage the data definition at a single location and eliminates the need to rewrite similar rules in multiple places.

Data annotation is likely to play a key role in enhancing the applications of AI in healthcare sector. Data annotation tools helps train AI systems in differentiating data obtained from normal and injured medical images to generate the final reports of the examined individuals.

Global Data Annotation Tool Market Overview

The global data annotation tool market provides an in-depth analysis of segments and sub-segments, region, and country analysis of the overall growth prospects in the market. The report offers a complete overview of the industry, including both qualitative and quantitative information. The data annotation tool market report covers a complete analysis and provides market size and forecast estimation from the year 2017 to 2030 based on various segments and sub-segments with respect to four major regions, including North America, Europe, Asia-Pacific (APAC), Latin America & Middle East and Africa (LAMEA). The research report highlights underlying factors such as the drivers, restraints, opportunities, and trends of the global data annotation tool market over the long as well as short period of time. Furthermore, the global Data annotation tool market report offers PEST analysis, NOISE analysis, improvement Venn diagram, brand recall, perceptual mapping, ecosystem/value chain analysis, Porter’s five forces analysis, and investment pocket analysis with respect to the market. By examining the data collected from primary and secondary methods, the report offers actionable insights into future growth based on inputs from industry experts to help readers formulate effective strategies. This information can help stakeholders to make appropriate decisions before investing.


Global Data Annotation Tool Market Insights

The market study offers a complete overview of leading companies and their successful marketing strategies and market contribution, such as business overview, financial information, SWOT analysis, and key strategies, such as recent developments, market expansion, partnership, merger & acquisitions, product launch, product update, and other contexts. Players operating in the global data annotation tool market mainly focus on the adoption of various strategies to expand their footprint across the world and take the initiative for the development of innovative, efficient, and advanced products.

Market Mapping

Market mapping or perceptual mapping is the graphical representation of where a brand, product, or service stands among competitors. Market mapping analysis helps to understand the client how their customers perceive their product offering with their competitors for the data annotation tool market. By identifying their current products and competitor products on the market map, the business can fill an identified gap to compete with the competition actively.


COVID-19 Impact on Global Data Annotation Tool Market

The COVID-19 pandemic has largely impacted globally since December 2019. According to the World Health Organization (WHO) report, the US, India, Russia, Brazil, Italy, France, Argentina, Spain, Colombia, the UK, Germany, and Mexico are some of the worst affected countries due to the COVID-19. The pandemic is hampering the growth of economies worldwide, and it is likely to continue in 2021. The outbreak disrupts various industries, such as manufacturing, construction, automotive, textiles, chemicals, cosmetics, tourism, hospitality, consumer goods, transportation, IT and telecom, pharmaceutical, and among others. This results in several obstacles in the supply chain of raw materials required for packaging, resulting in demand-supply gaps. This scenario is expected to have a large impact on the global data annotation tool market.

With Corona Virus Disease 2019 (COVID-19) pandemic, the world is fighting against Covid-19 pandemic and also economic pandemic, almost impacting trillions of dollars of revenues. Our company brings a high-level insight as well as very deep insights relevant to several promising markets. The study will cover:

·        Rapid shifts in top 100 companies across each sector

·        Growth and decline in each sector due to the COVID-19 pandemic

Global Data Annotation Tool Market Segmentation


 

Global Data Annotation Tool Market – by Type

·        Text

·        Image/Video

·        Audio

Global Data Annotation Tool Market – by Annotation Type

·        Manual

·        Automatic

·        Semi-Supervised

Global Data Annotation Tool Market – by Vertical

·        IT

·        Automotive

·        Government

·        Healthcare

·        Financial Services

·        Retail

·        Others

Global Data Annotation Tool Market – by Geography

·        North America

o   US

o   Canada

o   Mexico

·        Europe

o   Germany

o   France

o   Italy

o   UK

o   Russia

o   Spain

o   Netherlands

o   Rest of Europe

·        Asia-Pacific (APAC)

o   China

o   India

o   South Korea

o   Japan

o   Australia

o   Singapore

o   Rest of APAC

·        LAMEA

o   Latin America

o   Middle East

o   Africa

Key Players

1.      Alegion

2.      Amazon Mechanical Turk, Inc

3.      Annotate.com

4.      Appen Limited

5.      Clickworker GmbH

6.      CloudApp

7.      Cogito Tech LLC

8.      Deep Systems

9.      Explosion AI

10.   Google, LLC

11.   Labelbox, Inc

12.   Mighty AI, Inc

13.   Playment Inc

14.   Scale Inc

15.   Trilldata Technologies Pvt Ltd

Brand Recall

Brand awareness is the methodology by which customers are able to recall or recognize a brand (unaided/aided) under several different conditions with respect to the market. These strategies will help the company make people more aware of your brand, especially by targeting relevant, high-quality audiences for the data annotation tool market.


Key Questions Answered

·        Which region provides more business opportunities for the global data annotation tool market in the upcoming years?

·        Who is the leading overall Data annotation tool market, and what strategies have been adopted by them?

·        Which segment accounted for the largest data annotation tool market share?  

·        What are the upcoming trends in the global data annotation tool market? What impact would these trends make in the coming years for the data annotation tool market?

·        Which player offering the best product range for the global data annotation tool market?

Key Benefits for Stakeholders

·        This study presents the analytical description of the data annotation tool market analysis along with the current trends and future estimations to describe coming up investment pockets

·        The complete data annotation tool market opportunity is resolute by knowing profitable trends to gain a stronger foothold

·        The report describes insights associated with key drivers, restraints, opportunities, and trends of the global data annotation tool market with thorough impact analysis

·        The global data annotation tool market is quantitatively analyzed from 2017 to 2030 to focus on the monetary ability

·        PEST analysis defines the potency of the consumers and suppliers in the global data annotation tool markets

·        Porter’s five forces analysis examines the five forces that make a competitive company while identifying its strength and weakness. The analysis will also identify competition, new entrants in the market, supplier power, buyer power, and threat of substitute products and services in the global data annotation tool market

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