Toll Free: 1-888-928-9744

Data Annotation Tools Market Size, Share & Trends Analysis Report By Type (Text, Image), By Annotation Type, By Vertical (IT, Automotive, Healthcare), And Segment Forecasts, 2019 - 2025

Published: Jun, 2019 | Pages: 100 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global data annotation tools market size is expected to reach USD 1.6 billion by 2025, according to a new study by Grand View Research, Inc., registering a 26.6% CAGR over the course of the forecast period. Data annotation refers to the process of labeling and tagging all forms of data, images, text, video, audio, and others, to make it usable for machine learning.

The advent of big data is expected to drive the growth of the artificial intelligence (AI) market as a large volume of data is required to be recorded, stored, and analyzed. Adoption of AI is expected to significantly boost demand for labeling all formats of information as annotated data acts as a catalyzer to train AI models and machine learning systems in critical areas such as speech recognition and image recognition. The process offers AI its strength by directly providing information that is relevant to determining future outcomes and decision-making.

Currently, there is a growing trend of manufacturing autonomous vehicles in the automotive industry, which is attracting larger investments for their development. An autonomous vehicle includes a combination of various sensors and networking systems that assist computers in driving the vehicle. Information that has been annotated allows the computer models to recognize and learn from it. Several technology providers such as Google Inc.; Tesla Motors; Apple Inc.; and Huawei Technologies Co., Ltd. have also entered the autonomous vehicle market. This, supported by rising investments in the self-driving market, are expected to drive demand for information labeling and tagging solutions.

Rising innovations in the retail segment, specifically in improving the E-commerce sector, have upped the use of such tools and this is expected to drive the data annotation tools market over the forecast period. For instance, in 2019, Walmart Labs acquired Dataturks, an India-based data annotation start-up. Dataturks offers annotation tools for image and text by using machine learning. The acquisition helped drive innovations in catalogue quality and other aspects of the Walmart merchandising platform.

The data annotation tools market shows promising growth prospects throughout the forecast period, owing to the combination of numerous factors such as increasing investments and mergers and acquisitions by data-driven companies. For instance, in June 2017, Figure Eight Inc. received funds worth USD 20 million through a venture round with Industry Ventures as a lead investor among six investors.

Further key findings from the report suggest:

• Rising technological advancements in the automotive sector, specifically in the development of self-driving cars, is expected to fuel the growth of image data annotation tools over the forecast period

• North America dominated the global market in 2018 and accounted for over 38.0% of the overall revenue

• To gain a competitive edge, companies have started adopting client-base expansion as a key strategy by raising funds for the development of data annotation platforms. For instance, Hive, a data labeling platform provider, raised funds worth USD 30 million in venture capital from PayPal founder Peter Thiel's Founders Fund and others in November 2018

• Key players in the global market include Annotate.com; Appen Limited; CloudApp; Cogito Tech LLC; Deep Systems; Labelbox, Inc.; LightTag; Lotus Quality Assurance; Playment Inc.; Tagtog Sp. z o.o.; CloudFactory Limited; Clickworker GmbH; Alegion; Figure Eight Inc.; Amazon Mechanical Turk, Inc.; Explosion AI, Mighty AI, Inc.; Trilldata Technologies Pvt. Ltd. (Data Turks); Scale, Inc.; and Google, LLC.
 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Research Methodology
                   1.2 Research Scope & Assumptions
                   1.3 List of Data Sources

Chapter 2 Executive Summary
                   2.1 Data Annotation Tools - Industry Snapshot & Key Buying Criteria

Chapter 3 Industry Outlook
                   3.1 Market Segmentation & Scope
                   3.2 Data Annotation Tools Market Penetration and Growth Prospects
                   3.3 Data Annotation Tools - Process Flow and Value Chain Analysis
                   3.4 Market Dynamics
                       3.4.1 Market driver analysis
                           3.4.1.1 Growing need to make text/image more interactive and engaging
                           3.4.1.2 Rapid penetration of AI and machine learning
                           3.4.1.3 Growing R&D spending on the development of self-driving vehicles
                       3.4.2 Market restraint analysis
                           3.4.2.1 Lack of skilled labor and high costs associated with manual annotation of complex images
                   3.5 Industry Analysis - Porter's
                   3.6 Data Annotation Tools - PEST Analysis
                   3.7 Key Company Ranking Analysis

Chapter 4 Data Annotation Tools Market in Healthcare and Life Science
                   4.1 Data Annotation Tools Trends Analysis and Market Estimates in Healthcare and Life Science
                   4.2 Capital Funding Analysis
                       4.2.1 Funding Analysis of Infervision
                       4.2.2 Funding Analysis of Zebra Medical Vision, Inc.
                       4.2.3 Funding Analysis of Arterys
                   4.3 Data Annotation Tools in Healthcare and Life Science - Porter Analysis
                   4.4 Data Annotation Tools in Healthcare and Life Science - PEST Analysis

Chapter 5 Data Annotation Tools: Type Estimates & Trend Analysis
                   5.1 Data Annotation Tools Market: Type Movement Analysis, 2018 & 2025
                       5.1.1 Text
                           5.1.1.1 Global market estimates and forecasts, 2014 - 2025 (USD Million)
                       5.1.2 Image
                           5.1.2.1 Global market estimates and forecasts, 2014 - 2025 (USD Million)
                       5.1.3 Other
                           5.1.3.1 Global market estimates and forecasts, 2014 - 2025 (USD Million)

Chapter 6 Data Annotation Tools: Annotation Type Estimates & Trend Analysis
                   6.1 Data Annotation Tools Market: Annotation Type Movement Analysis, 2018 & 2025
                       6.1.1 Manual
                           6.1.1.1 Global market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.1.2 Semi-supervised
                           6.1.2.1 Global market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.1.3 Automatic
                           6.1.3.1 Global market estimates and forecasts, 2014 - 2025 (USD Million)

Chapter 7 Data Annotation Tools: Vertical Estimates & Trend Analysis
                   7.1 Data Annotation Tools Market: Vertical Movement Analysis, 2018 & 2025
                       7.1.1 IT
                           7.1.1.1 Global market estimates and forecasts, 2014 - 2025 (USD Million)
                       7.1.2 Automotive
                           7.1.2.1 Global market estimates and forecasts, 2014 - 2025 (USD Million)
                       7.1.3 Government
                           7.1.3.1 Global market estimates and forecasts, 2014 - 2025 (USD Million)
                       7.1.4 Healthcare
                           7.1.4.1 Global market estimates and forecasts, 2014 - 2025 (USD Million)
                       7.1.5 Financial Services
                           7.1.5.1 Global market estimates and forecasts, 2014 - 2025 (USD Million)
                       7.1.6 Retail
                           7.1.6.1 Global market estimates and forecasts, 2014 - 2025 (USD Million)
                       7.1.7 Others
                           7.1.7.1 Global market estimates and forecasts, 2014 - 2025 (USD Million)

Chapter 8 Data Annotation Tools: Regional Estimates & Trend Analysis
                   8.1 North America
                       8.1.1 North America data annotation tools market, 2014 - 2025
                       8.1.2 North America data annotation tools market by type, 2014 - 2025
                       8.1.3 North America data annotation tools market by annotation type, 2014 - 2025
                       8.1.4 North America data annotation tools market by vertical, 2014 - 2025
                       8.1.5 U.S.
                           8.1.5.1 U.S. data annotation tools market by type, 2014 - 2025
                           8.1.5.2 U.S. data annotation tools market by annotation type, 2014 - 2025
                           8.1.5.3 U.S. data annotation tools market by vertical, 2014 - 2025
                       8.1.6 Canada
                           8.1.6.1 Canada data annotation tools market by type, 2014 - 2025
                           8.1.6.2 Canada data annotation tools market by annotation type, 2014 - 2025
                           8.1.6.3 Canada data annotation tools market by vertical, 2014 - 2025
                       8.1.7 Mexico
                           8.1.7.1 Mexico data annotation tools market by type, 2014 - 2025
                           8.1.7.2 Mexico data annotation tools market by annotation type, 2014 - 2025
                           8.1.7.3 Mexico data annotation tools market by vertical, 2014 - 2025
                   8.2 Europe
                       8.2.1 Europe data annotation tools market, 2014 - 2025
                       8.2.2 Europe data annotation tools market by type, 2014 - 2025
                       8.2.3 Europe data annotation tools market by annotation type, 2014 - 2025
                       8.2.4 Europe data annotation tools market by vertical, 2014 - 2025
                       8.2.5 U.K.
                           8.2.5.1 U.K. data annotation tools market by type, 2014 - 2025
                           8.2.5.2 U.K. data annotation tools market by annotation type, 2014 - 2025
                           8.2.5.3 U.K. data annotation tools market by vertical, 2014 - 2025
                       8.2.6 Germany
                           8.2.6.1 Germany data annotation tools market by type, 2014 - 2025
                           8.2.6.2 Germany data annotation tools market by annotation type, 2014 - 2025
                           8.2.6.3 Germany data annotation tools market by vertical, 2014 - 2025
                       8.2.7 France
                           8.2.7.1 France data annotation tools market by type, 2014 - 2025
                           8.2.7.2 France data annotation tools market by annotation type, 2014 - 2025
                           8.2.7.3 France data annotation tools market by vertical, 2014 - 2025
                   8.3 Asia Pacific (APAC)
                       8.3.1 APAC data annotation tools market, 2014 - 2025 8.3.2 APAC data annotation tools market by type, 2014 - 2025
                       8.3.3 APAC data annotation tools market by annotation type, 2014 - 2025
                       8.3.4 APAC data annotation tools market by vertical, 2014 - 2025
                       8.3.5 China
                           8.3.5.1 China data annotation tools market by type, 2014 - 2025
                           8.3.5.2 China data annotation tools market by annotation type, 2014 - 2025
                           8.3.5.3 China data annotation tools market by vertical, 2014 - 2025
                       8.3.6 Japan
                           8.3.6.1 Japan data annotation tools market by type, 2014 - 2025
                           8.3.6.2 Japan data annotation tools market by annotation type, 2014 - 2025
                           8.3.6.3 Japan data annotation tools market by vertical, 2014 - 2025
                       8.3.7 India
                           8.3.7.1 India data annotation tools market by type, 2014 - 2025
                           8.3.7.2 India data annotation tools market by annotation type, 2014 - 2025
                           8.3.7.3 India data annotation tools market by vertical, 2014 - 2025
                   8.4 South America
                       8.4.1 South America data annotation tools market, 2014 - 2025 8.4.2 South America data annotation tools market by type, 2014 - 2025
                       8.4.3 South America data annotation tools market by annotation type, 2014 - 2025
                       8.4.4 South America data annotation tools market by vertical, 2014 - 2025
                       8.4.5 Brazil
                           8.4.5.1 Brazil data annotation tools market by type, 2014 - 2025
                           8.4.5.2 Brazil data annotation tools market by annotation type, 2014 - 2025
                           8.4.5.3 Brazil data annotation tools market by vertical, 2014 - 2025
                   8.5 Middle East and Africa (MEA)
                       8.5.1 MEA data annotation tools market, 2014 - 2025
                       8.5.2 MEA data annotation tools market by type, 2014 - 2025
                       8.5.3 MEA data annotation tools market by annotation type, 2014 - 2025
                       8.5.4 MEA data annotation tools market by vertical, 2014 - 2025

Chapter 9 Competitive Landscape
                   9.1 Company profiles
                       9.1.1 Annotate.com
                           9.1.1.1 Company overview
                           9.1.1.2 Product benchmarking
                       9.1.2 Appen Limited
                           9.1.2.1 Company overview
                           9.1.2.2 Financial performance
                           9.1.2.3 Product benchmarking
                       9.1.3 CloudApp
                           9.1.3.1 Company overview
                           9.1.3.2 Product benchmarking
                       9.1.4 Cogito Tech LLC
                           9.1.4.1 Company overview
                           9.1.4.2 Product benchmarking
                       9.1.5 Deep Systems
                           9.1.5.1 Company overview
                           9.1.5.2 Product benchmarking
                       9.1.6 Labelbox, Inc
                           9.1.6.1 Company overview
                           9.1.6.2 Product benchmarking
                       9.1.7 LightTag
                           9.1.7.1 Company overview
                           9.1.7.2 Product benchmarking
                       9.1.8 Lotus Quality Assurance
                           9.1.8.1 Company overview
                           9.1.8.2 Product benchmarking
                       9.1.9 Playment Inc.
                           9.1.9.1 Company overview
                           9.1.9.2 Product benchmarking
                       9.1.10 Tagtog Sp. z o.o.
                           9.1.10.1 Company overview
                           9.1.10.2 Product benchmarking
                       9.1.11 CloudFactory Limited
                           9.1.11.1 Company overview
                           9.1.11.2 Product benchmarking
                       9.1.12 Clickworker GmbH
                           9.1.12.1 Company overview
                           9.1.12.2 Product benchmarking
                       9.1.13 Alegion
                           9.1.13.1 Company overview
                           9.1.13.2 Product benchmarking
                       9.1.14 Figure Eight Inc.
                           9.1.14.1 Company overview
                           9.1.14.2 Product benchmarking
                       9.1.15 Amazon Mechanical Turk, Inc.
                           9.1.15.1 Company overview
                           9.1.15.2 Product benchmarking
                       9.1.16 Explosion AI
                           9.1.16.1 Company overview
                           9.1.16.2 Product benchmarking
                       9.1.17 Mighty AI, Inc.
                           9.1.17.1 Company overview
                           9.1.17.2 Product benchmarking
                       9.1.18 Trilldata Technologies Pvt. Ltd. (Data Turks)
                           9.1.18.1 Company overview
                           9.1.18.2 Product benchmarking
                       9.1.19 Scale, Inc.
                           9.1.19.1 Company overview
                           9.1.19.2 Product benchmarking
                       9.1.20 Google, LLC
                           9.1.20.1 Company overview
                           9.1.20.2 Financial performance
                           9.1.20.3 Product benchmarking
                   9.2 Data Annotation Tools
                       9.2.1 Anafora
                       9.2.2 RectLabel
                       9.2.3 LabelMe
List of Tables

TABLE 1 Data annotation tools - Industry snapshot & critical success factor
TABLE 2 Global data annotation tools market, 2014 - 2025 (USD Million)
TABLE 3 Global data annotation tools market estimates and forecasts, by type, 2014 - 2025 (USD Million)
TABLE 4 Global data annotation tools market estimates and forecasts, by annotation type, 2014 - 2025 (USD Million)
TABLE 5 Global data annotation tools market estimates and forecasts, by verticals, 2014 - 2025 (USD Million)
TABLE 6 Global data annotation tools market estimates and forecasts, by region, 2014 - 2025 (USD Million)
TABLE 7 Data annotation tools market, by text, 2014 - 2025 (USD Million)
TABLE 8 Data annotation tools market, by Image, 2014 - 2025 (USD Million)
TABLE 9 Data annotation tools market, by Other, 2014 - 2025 (USD Million)
TABLE 10 Data annotation tools market, by Manual, 2014 - 2025 (USD Million)
TABLE 11 Data annotation tools market, by semi-supervised, 2014 - 2025 (USD Million)
TABLE 12 Data annotation tools market, by automatic, 2014 - 2025 (USD Million)
TABLE 13 Data annotation tools market, by IT, 2014 - 2025 (USD Million)
TABLE 14 Data annotation tools market, by automotive, 2014 - 2025 (USD Million)
TABLE 15 Data annotation tools market, by government, 2014 - 2025 (USD Million)
TABLE 16 Data annotation tools market, by healthcare, 2014 - 2025 (USD Million)
TABLE 17 Data annotation tools market, by financial services, 2014 - 2025 (USD Million)
TABLE 18 Data annotation tools market, by retail, 2014 - 2025 (USD Million)
TABLE 19 Data annotation tools market, by others, 2014 - 2025 (USD Million)
TABLE 20 North America data annotation tools market, 2014 - 2025 (USD Million)
TABLE 21 North America data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 22 North America data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 23 North America data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 24 U.S. data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 25 U.S. data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 26 U.S. data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 27 Canada data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 28 Canada data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 29 Canada data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 30 Mexico data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 31 Mexico data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 32 Mexico data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 33 Europe data annotation tools market, 2014 - 2025 (USD Million)
TABLE 34 Europe data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 35 Europe data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 36 Europe data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 37 U.K. data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 38 U.K. data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 39 U.K. data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 40 Germany data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 41 Germany data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 42 Germany data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 43 France data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 44 France data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 45 France data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 46 APAC data annotation tools market, 2014 - 2025 (USD Million)
TABLE 47 APAC data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 48 APAC data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 49 APAC data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 50 China data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 51 China data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 52 China data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 53 Japan data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 54 Japan data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 55 Japan data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 56 India data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 57 India data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 58 India data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 59 South America data annotation tools market, 2014 - 2025 (USD Million)
TABLE 60 South America data annotation tools market by type, 2014 - 2025 (USD Million)
TABLE 61 South America data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 62 South America data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 63 Brazil data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 64 Brazil data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 65 Brazil data annotation tools market, by vertical, 2014 - 2025 (USD Million)
TABLE 66 MEA data annotation tools market, 2014 - 2025 (USD Million)
TABLE 67 MEA data annotation tools market, by type, 2014 - 2025 (USD Million)
TABLE 68 MEA data annotation tools market, by annotation type, 2014 - 2025 (USD Million)
TABLE 69 MEA data annotation tools market, by vertical, 2014 - 2025 (USD Million) 


List of Figures

FIG. 1 Market segmentation & scope
FIG. 2 Data Annotation Tools Market Size and Growth Prospects (USD Million)
FIG. 3 Data Annotation Tools - Process Flow Analysis
FIG. 4 Market dynamics
FIG. 5 Porter's Five Forces Analysis
FIG. 6 Data Annotation Tools - PEST Analysis
FIG. 7 Data annotation tools in healthcare and life science - Porter analysis
FIG. 8 Data annotation tools in healthcare and life science - PEST analysis
FIG. 9 Data annotation tools market: Type movement analysis, 2018 & 2025
FIG. 10 Data Annotation Tools market: Annotation Type movement analysis, 2018 & 2025
FIG. 11 Data annotation tools market: Vertical movement analysis, 2018 & 2025
FIG. 12 Regional marketplace: Key takeaways

To request a free sample copy of this report, please complete the form below.

We never share your personal data. Privacy policy
Interested in this report? Get your FREE sample now! Get a Free Sample
Choose License Type
Single User - US $4950
Multi User - US $5950
Hexareeasearch Know

Did you know?

Research Assistance

Phone: 1-415-349-0054

Toll Free: 1-888-928-9744

Email: [email protected]

Why to buy from us

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Quality assurance

A testimonial for service excellence represented in the form of BBB "A" Accreditation.

Information security

Your personal and confidential information is safe and secure.

verify