[Market Report] Global Data Annotation Tools Market
Report ID: AA1121024
The global market for data annotation tools is expected to grow centered around data labeling, reaching 2.8 billion dollars by 2030.
The global data annotation tools market is experiencing significant growth due to the increasing demand for accurate and high-quality labeled data across various industries. According to recent reports, market revenue reached $520 million in 2020 and is projected to grow at an impressive compound annual growth rate (CAGR) of 24.5% during the forecast period from 2021 to 2030, reaching substantial value by 2030. The global data annotation tools market is driven by several factors. Firstly, the rapid growth of AI and ML applications in industries such as autonomous driving, healthcare, retail, and finance has led to a heightened demand for annotated data. Accurate and properly labeled data is essential for training algorithms and improving the performance and reliability of AI models. You can check the application method by clicking the [PDF Download] button or apply directly through the related links.
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Component-based Segmentation Solutions Images/Videos Text Audio Services Professional Services Managed Services Segmentation Based on Annotation Types Manual Annotation Semi-supervised Automated Annotation Segmentation Based on End Users IT & Telecommunications Retail & E-commerce BFSI Healthcare Government Automotive Others Key Competitors Prominent companies leading the global data annotation tools market include: Amazon Mechanical Turk Inc. APPEN LIMITED Clickworker GmbH Cogito Dbrain LightTag Lionbridge Technologies Inc. Playment Scale AI Inc. Tagtog Sp. z o.o. Other Prominent Players
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