Astute Analytica has recently published a comprehensive report on the Data Annotation Tools Market, which provides the latest data and insights into the market’s growth prospects and challenges. The report employs various tools, such as constraints and opportunity analysis, to evaluate the potential for new goods and services, helping businesses locate and forecast market opportunities.
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The report also includes a compilation of qualitative and quantitative evaluations made by subject-matter experts in their fields and representatives from various industries found all along the supply chain. Global data annotation tools market is estimated to witness a major jump in revenue from US$ 1,545.4 million in 2022 to US$ 13,922.4 million by 2031. The market is projected to grow a CAGR of 31.1% over the projection period 2023–2031.
The report discusses further findings that researchers made based on the comprehensive data and offers information on the state of the market, including kinds and applications based on various nations and important locations. It describes the market’s most active companies in detail, including attributes like corporate portfolio, business strategy, financial overview, recent developments, and industry share.
The leading companies in the Data Annotation Tools Market include.
- Appen Limited
- Cloud Factory Limited
- Cogito Tech LLC
- Deep Systems
- Google Inc.
- Labelbox, Inc
- Lionbridge Technologies, Inc.
- Lotus Quality Assurance
- Playment Inc.
- Tagtog Sp.zo.
- Other Prominent Players
The report continuously monitors the direct impact of COVID-19, including updates on the Omicron mutation study, on the market, in addition to the indirect influence of related industries. The report contains observations on the impact of the pandemic.
Geographical regions are divided into several major categories for production, consumption, revenue (in US dollars), and market share in this analysis. The report discusses the predicted growth of the market in this region between 2021 and 2031.
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The segmentation overview of the Data Annotation Tools Market includes.
Following are the different segments of the Global Data Annotation Tools Market:
By Data Type Segment of the Global Data Annotation Tools Market is Sub-Segmented into:
- Text Classification
- Boundary Boxes
- Line Annotation
- Image Transcription
- Key point
- Voice Activity Detection (VAD)
- Speaker Identification
- Automated Speech Recognition
By Technology Segment of the Global Data Annotation Tools Market is Sub-Segmented into:
By Device Type Segment of the Global Data Annotation Tools Market is Sub-Segmented into:
- Mac OS
By End Users Segment of the Global Data Annotation Tools Market is Sub-Segmented into:
- Transportation and logistics
- Telecommunication and IT
By Region Type Segment of the Global Data Annotation Tools Market is Sub-Segmented into:
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- Australia New Zealand
- Rest of Asia Pacific
- Middle East Africa (MEA)
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Rest of South America
Overall, Astute Analytica’s report on the Data Annotation Tools Market provides a comprehensive and valuable resource for businesses looking to understand the market’s current state and future growth prospects.
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