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Data Annotation Tools Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global data annotation tools market is expected to exhibit a CAGR of 26.83% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A data annotation tool is an on-premises, cloud-based, or containerized software solution that can be used for labeling production-grade training data for machine learning (ML). It is commonly available in manual, automated and semi-supervised annotation variants. A data annotation tool is generally designed with specific data types, including audio, spreadsheet, image, video, text, or sensor data, to be used in different deployment models, such as software as a service (SaaS), on-premises, container, and open-source systems. It includes searching, filtering, sorting, cloning, and merging datasets and aids in data quality control, workforce management, integrated labeling services and security.

Data Annotation Tools Market Trends:

One of the key factors driving the data annotation tool market growth is the increasing industrial need to improve ML models and the surge in the number of large datasets to necessitate the utilization of artificial intelligence (AI) in various facial recognition and detection technologies. Moreover, the increasing use of AI in the healthcare industry to identify injuries, sense patterns and assist medical practitioners in automatically generating reports is positively impacting the market growth. Additionally, the widespread adoption of data annotation tools in the automotive industry for developing advanced autonomous driving technologies and deploying self-driving mechanisms is favoring the market growth. Apart from this, the introduction of predictive and specialized data annotation tools for improving the accuracy of annotated images and videos and delivering high precision datasets for AI-based applications are providing an impetus to the market growth. In line with this, the data annotation tools enable users to add attribute tags or labels to products, thus enhancing the value of data. Other factors, including the extensive research and development (R&D) activities and the rising importance of high-quality and well-labeled input data for supporting ML algorithms, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global data annotation tools market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on data type, annotation type and end user.

Breakup by Data Type:

  • Text
  • Image/Video
  • Audio
     

Breakup by Annotation Type:

  • Manual
  • Semi-supervised
  • Automatic
     

Breakup by End User:

  • BFSI
  • Healthcare
  • Government
  • Automotive
  • IT and Telecommunication
  • Retail and E-Commerce
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alegion, Amazon Web Services Inc. (Amazon.com Inc.), Appen Limited, clickworker GmbH, CloudFactory Limited, Cogito Tech LLC, Labelbox Inc., Lionbridge Technologies LLC, Scale AI Inc., tagtog Sp. z o.o. and TELUS International (TELUS Corporation).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Data Type, Annotation Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alegion, Amazon Web Services Inc. (Amazon.com Inc.), Appen Limited, clickworker GmbH, CloudFactory Limited, Cogito Tech LLC, Labelbox Inc., Lionbridge Technologies LLC, Scale AI Inc., tagtog Sp. z o.o. and TELUS International (TELUS Corporation).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Data Annotation Tools Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Data Type
    6.1    Text
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Image/Video
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Audio
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Annotation Type
    7.1    Manual
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Semi-supervised
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Automatic
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by End User
    8.1    BFSI
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Healthcare
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Government
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Automotive
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    IT and Telecommunication
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Retail and E-Commerce
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Alegion
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Amazon Web Services Inc. (Amazon.com Inc.)
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 SWOT Analysis
        14.3.3    Appen Limited
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
        14.3.4    clickworker GmbH
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    CloudFactory Limited
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Cogito Tech LLC
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Labelbox Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Lionbridge Technologies LLC
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Scale AI Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    tagtog Sp. z o.o.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    TELUS International (TELUS Corporation)
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials

List of Figures

Figure 1: Global: Data Annotation Tools Market: Major Drivers and Challenges
Figure 2: Global: Data Annotation Tools Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Data Annotation Tools Market: Breakup by Data Type (in %), 2021
Figure 5: Global: Data Annotation Tools Market: Breakup by Annotation Type (in %), 2021
Figure 6: Global: Data Annotation Tools Market: Breakup by End User (in %), 2021
Figure 7: Global: Data Annotation Tools Market: Breakup by Region (in %), 2021
Figure 8: Global: Data Annotation Tools (Text) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Data Annotation Tools (Text) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Data Annotation Tools (Image/Video) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Data Annotation Tools (Image/Video) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Data Annotation Tools (Audio) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Data Annotation Tools (Audio) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Data Annotation Tools (Manual) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Data Annotation Tools (Manual) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Data Annotation Tools (Semi-supervised) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Data Annotation Tools (Semi-supervised) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Data Annotation Tools (Automatic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Data Annotation Tools (Automatic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Data Annotation Tools (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Data Annotation Tools (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Data Annotation Tools (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Data Annotation Tools (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Data Annotation Tools (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Data Annotation Tools (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Data Annotation Tools (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Data Annotation Tools (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Data Annotation Tools (IT and Telecommunication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Data Annotation Tools (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Data Annotation Tools (Retail and E-Commerce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Data Annotation Tools (Retail and E-Commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Data Annotation Tools (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Data Annotation Tools (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Data Annotation Tools Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Data Annotation Tools Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Data Annotation Tools Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Data Annotation Tools Industry: SWOT Analysis
Figure 84: Global: Data Annotation Tools Industry: Value Chain Analysis
Figure 85: Global: Data Annotation Tools Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Data Annotation Tools Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Data Annotation Tools Market Forecast: Breakup by Data Type (in Million US$), 2022-2027
Table 3: Global: Data Annotation Tools Market Forecast: Breakup by Annotation Type (in Million US$), 2022-2027
Table 4: Global: Data Annotation Tools Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Data Annotation Tools Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Data Annotation Tools Market: Competitive Structure
Table 7: Global: Data Annotation Tools Market: Key Players


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Key Questions Answered in This Report

We expect the global data annotation tools market to exhibit a CAGR of 26.83% during 2022-2027.

The increasing integration of AI with data annotation tools across the healthcare industry to identify injuries, sense patterns, and assist medical practitioners in automatically generating reports, is primarily driving the global data annotation tools market.

The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of data annotation tools across numerous industry verticals for facial recognition and detection technologies through AI, to combat the spread of the coronavirus infection through conventional method, including fingerprint.

Based on the data type, the global data annotation tools market can be categorized into text, image/video, and audio. Currently, text accounts for the majority of the global market share.

 

Based on the annotation type, the global data annotation tools market has been segregated into manual, semi-supervised, and automatic. Among these, manual currently holds the largest market share.

Based on the end user, the global data annotation tools market can be bifurcated into BFSI, healthcare, government, automotive, IT and telecommunication, retail and e-commerce, and others. Currently, the IT and telecommunication sector exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global data annotation tools market include Alegion, Amazon Web Services Inc. (Amazon.com Inc.), Appen Limited, clickworker GmbH, CloudFactory Limited, Cogito Tech LLC, Labelbox Inc., Lionbridge Technologies LLC, Scale AI Inc., tagtog Sp. z o.o., and TELUS International (TELUS Corporation).

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