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Global Data Annotation Tools Market to be Driven by Increasing adoption of software for image data annotation in the automotive, retail, and healthcare sectors in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Data Annotation Tools Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global data annotation tools market, assessing the market based on its segments like type, technology, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

• Historical Market Size (2020): USD 321.45 Million

• Forecast CAGR (2021-2026): 27%

Increasing investments in the development of autonomous driving technologies, rising demand for annotated data to improve machine learning models, growing adoption of data annotation for medical imaging data, surging uptake of text annotation for document classification, and rising demand for annotated data to improve machine learning models.

Industry Definition and Major Segments

Data annotation is the method of labelling data for machine learning purposes.

Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/data-annotation-tools-market

The industry can be broadly categorised based on types into:

• Text

• Image

• Video

Based on technology, the industry can be categorised as:

• Manual

• Semi-Supervised

• Automatic

The industry can be divided based on its application segments as:

• Automotive

• Healthcare

• BFSI

• Retail

• Government

• Transportation and Logistics

The global regions for data annotation tools market include:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Market Trends

Users can improve data quality by adding or marking attribute tags with data annotation tools. The main advantage of employing these tools is that the combination of data features allows users to manage data interpretation in a single area, eliminating the need to rewrite similar rules in numerous locations. The rise of big data and the amount of enormous datasets will almost certainly need the application of artificial intelligence in the field of data annotation. As the reach of data labelling expands, companies creating AI-enabled healthcare apps are cooperating with data annotation companies to supply the essential data sets to help them enhance their machine learning and deep learning skills, boosting the market for data annotation solutions.

Key Market Players

The major players in the market are Annotate.com, Appen Limited, CloudApp, Cogito Tech LLC, Deep Systems, Labelbox, Inc, LightTag, Lotus Quality Assurance, Playment Inc., Tagtog Sp. z o.o., D-Link and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Content Source

Tags: Data Annotation Tools Market Analysis, Data Annotation Tools Market, Data Annotation Tools Market Demand, Data Annotation Tools Market Size, Data Annotation Tools Market Share, Data Annotation Tools Market Trends

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Contact Information:
Company Name: EMR Inc. Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A. Email: [email protected] Toll Free Number: +1-415-325-5166 | +44-702-402-5790 Address: 30 North Gould Street, Sheridan, WY 82801, USA City: Sheridan State: Wyoming Country: United States Website: https://www.expertmarketresearch.com

Tags:
PR-Wirein, Menafn, Reportedtimes, Financial Content, Extended Distribution, Research Newswire, English

Contact Information:

Company Name: EMR Inc.
Contact Person: Matt Johnson, Corporate Sales Specialist – U.S.A.
Email: [email protected]
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com