Press release
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 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.
Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/data-annotation-tools-market/requestsample
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.
Related Report:
Bronchial Spasms Treatment Market: https://www.expertmarketresearch.com/reports/bronchial-spasms-treatment-market
Cold Agglutinin Disease Treatment Market: https://www.expertmarketresearch.com/reports/cold-agglutinin-disease-treatment-market
Adeno-Associated Virus Vector-Based Gene Therapy Market: https://www.expertmarketresearch.com/reports/adeno-associated-virus-vector-based-gene-therapy-market
Neuromodulation Devices Market: https://www.expertmarketresearch.com/reports/neuromodulation-devices-market
Media Contact
Company Name: Claight Corporation
Contact Person: Mathew Williams, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 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 here
News-ID: 2842837 • Views: …
More Releases from Expert Market Research
Onychomycosis Market Size, Share, Report and Forecast 2024-2032
Onychomycosis Market Outlook
The onychomycosis market size was valued at USD 4 billion in 2023 in the 7 major markets, driven by the rising prevalence of onychomycosis especially in the geriatric population across the major markets. The market size is anticipated to grow at a CAGR of 5.2% during the forecast period of 2024-2032 to achieve a value of USD 6.3 billion by 2032.
Get a Free Sample Report with Table of…
Male Hypogonadism Market Size, Share, Report and Forecast 2024-2032
Male Hypogonadism Market Outlook
The male hypogonadism market size is expected to grow at a CAGR of 3.6% during the forecast period of 2024-2032, driven by the rising prevalence of male hypogonadism, growing elderly population size, and heightened awareness among patients across the 8 major markets.
Male Hypogonadism: Introduction
Male hypogonadism is a medical condition characterised by the body's inability to produce sufficient amounts of testosterone, the hormone essential for male sexual development…
Saudi Arabia Fuel Station Market Size, Share, Trends, Growth, Analysis, Outlook, …
According to the report by Expert Market Research (EMR), the Saudi Arabia fuel station market size is expected to grow at a CAGR of 7.50% between 2023 and 2028. Aided by the consistent demand for fuel and the growth in vehicle sales, the market is expected to grow significantly by 2028.
Fuel stations, also known as petrol stations or gas stations, serve as a primary source of petrol, diesel, and other…
Global Exterior Sheathing Market Size, Share, Growth, Price, Analysis, Outlook R …
According to the report by Expert Market Research (EMR), the global exterior sheathing market size grew significantly in 2023. Aided by the increased construction activities and rising population, the market is projected to grow at a CAGR of 5.00% between 2024 and 2032.
Exterior sheathing, pivotal for structural integrity, is a board or panel affixed directly to studs, joists, or rafters of a building structure. Beyond its principal role of imparting…
More Releases for Data
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Global Data Analytics Outsourcing Market |data analytics outsourcing, big data o …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Global Data Analytics Outsourcing Market “
The report on data analytics outsourcing market provides analysis for the period 2016 – 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers major trends and technologies playing…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
Data Quality and Data Governance Solution Market - Demand For Cost-Effective Dat …
In the enterprise data management ecosystem, data quality is a broad term which refers to the quality, integrity, and consistency of data and/or process etc. Data quality also implies the degree of data accuracy and consistency. On the other hand, data governance focusses on the management of data assets by assigning authority, control, and responsibility of data and encompasses three key areas: people, process, and technology.
Data quality and data governance…
