Press release
2020 Analysis: Data Annotation Tools Market is Emerging with the use of Artificial Intelligence Technologies by 2027 - Labelbox, LightTag, Mighty AI, Playment, Scale AI
Data Annotation Tools Market
Data Annotation Tools Market to 2027 - Global Analysis and Forecasts by Type (Text, Image, Others); Annotation Type (Manual, Semi-Supervised, Automatic); End-user (Automotive, Government, Healthcare, Financial Services, Retail, IT and Telecom, Others) and Geography
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The data annotation tool is the tool that is used for labeling data that can be in any form, such as in the text, audio, images, video, etc. Data annotation tools enable them to address complex data challenges, which booting the growth of the data annotation tools market. Rising innovations in the retail segment, improving the E-commerce sector, is growing the use of annotation tools that are fueling the growth of the data annotation tools market.
The "Global Data Annotation Tools Market Analysis To 2027" is a specialized and in-depth study of the data annotation tools industry with a special focus on the global market trend analysis. The report aims to provide an overview data annotation tools market with detailed market segmentation by type, annotation type, end-user, and geography. The global data annotation tools market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading data annotation tools market players and offers key trends and opportunities in the data annotation tools market.
The global data annotation tools market is segmented on the basis of type, annotation type, end-user. On the basis of type the market is segmented as text, image, others. On the basis of annotation type the market is segmented as manual, semi-supervised, automatic. On the basis of end-user the market is segmented as automotive, government, healthcare, financial services, retail, IT and telecom, others.
The report analyzes factors affecting data annotation tools market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the data annotation tools market in these regions.
Emerging Players in Data Annotation Tools Market are-
- Appen Limited
- CloudApp
- Cogito
- Deep Systems
- Google LLC
- Labelbox, Inc
- LightTag
- Mighty AI
- Playment Inc.
- Scale AI, Inc.
The reports cover key developments in the data annotation tools market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from data annotation tools market are anticipated to lucrative growth opportunities in the future with the rising demand for data annotation tools in the global market. Below mentioned is the list of few companies engaged in the data annotation tools market.
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