Data Annotation Tool Market Size, Share And Major Industry Players Forecast (2024-2030)

The global “Data Annotation Tool Market Size 2024 ” is expected to rise with an impressive CAGR and generate the highest revenue by 2030. Fortune Business Insights™ in its latest report published this information. The report is titled “Data Annotation Tool Market Size, Share and Revenue Forecast, 2023-2030”. The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period.


  • In November 2020- Telus International, a supplier of digital customer experience (CX) and digital IT solutions and services, has announced the acquisition of Lionbridge AI, a company that provides training data and annotation platform solutions for AI algorithms that fuel machine learning. Telus International’s next-generation digital solution portfolio will be enhanced as a result of the acquisition, as well as its global reach.
  • In June 2018-  Innodata Inc., a consulting and business process technology company based in the United States, has announced the debut of managed data annotation and labelling services for its customers in the healthcare, financial services, legal, and pharmaceutical industries.

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Report Highlights:

  • A comprehensive overview of the Data Annotation Tool Market
  • Significant factors boosting, restricting, challenging and providing an opportunity to the market
  • Key insights and major industry developments
  • Significant players functioning in the Data Annotation Tool Market
  • Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
  • Other market trends

Driving Factor:


Regional Analysis for Data Annotation Tool Market:

  • North America (the USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)

The Data Annotation Tool Market research report offers a complete assessment of the industry. The projections included in the report have been determined utilizing demonstrated research philosophies and presumptions.

Data Annotation Tool Market Segments:

By Type

  • Text
  • Image/Video
  • Audio

By Annotation  Type

  • Automated
  • Manual

By End User Industry

  • IT & Telecom
  • Automotive
  • Government
  • Healthcare
  • Retail & E-commerce
  • Agriculture
  • Others

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Top Smart Data Annotation Tool Market Size Manufacturers covered in the Market Report include:

  • Alegion, Inc.,
  • Appen Limited
  • Amazon Web Services, Inc.
  • Clickworker GmbH,
  • CloudApp, Inc.,
  • CloudFactory Limited
  • Cogito, Google LLC
  • Hive
  • IBM Corporation
  • iMerit
  • Labelbox, Inc.
  • LionBridge AI
  • Neurala, Inc.
  • Playment Inc.
  • Samasource Inc.
  • Scale, Inc.
  • Trilldata Technologies Pvt. Ltd.
  • Webtunix AI.

Some of the Key Questions Answered in this Report:

  • Detailed Overview of the Data Annotation Tool Market will help deliver clients and businesses making strategies.
  • Influencing factors that are thriving demand and latest trends running in the market.
  • Data Annotation Tool Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
  • What trends, challenges and barriers will impact the development and sizing of the Global Data Annotation Tool Market?
  • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
  • What is the Data Annotation Tool Market growth momentum or market carries during the forecast period?
  • Which region may tap the highest market share in the coming era?
  • Which application/end-user category or Product Type may seek incremental growth prospects?
  • What focused approach and constraints are holding the Data Annotation Tool Market demand?

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Major Table of Contents for Data Annotation Tool Market Research Report:

  • Introduction
  • Executive Summary
  • Market Dynamics
  • Key Data Annotation Tool Market Insights
  • Global Market Analysis, Insights and Forecast
  • North America Market Analysis, Insights and Forecast
  • Europe Market Analysis, Insights and Forecast
  • Asia Pacific Market Analysis, Insights and Forecast
  • The Middle East and Africa Market Analysis, Insights and Forecast
  • Latin America Market Analysis, Insights and Forecast
  • Competitive Landscape
  • Global Data Annotation Tool Market Revenue Share Analysis, By Key Players, 2023
  • Company Profiles
  • Conclusion

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