Global Data Annotation Tools Market Size & Outlook
Global data annotation tools market, 2018-2030 (US$M)
Related Markets
Global data annotation tools market highlights
- The global data annotation tools market generated a revenue of USD 1,029.6 million in 2023 and is expected to reach USD 5,331.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 26.5% by 2030.
- In terms of segment, image/video accounted for a revenue of USD 378.0 million in 2023.
- Audio is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,029.6 million |
| Market revenue in 2030 | USD 5,331.0 million |
| Growth rate | 26.5% (CAGR from 2023 to 2030) |
| Largest segment | Image/video |
| Fastest growing segment | Audio |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Text, Image/Video, Audio |
Other key industry trends
- In terms of revenue, the North America accounted for 36.2% of the global data annotation tools market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 1,025.2 million by 2030.
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Data Annotation Tools Market Scope
Data Annotation Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global data annotation tools market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to data annotation tools market will help companies and investors design strategic landscapes.
Image/video was the largest segment with a revenue share of 36.71% in 2023. Horizon Databook has segmented the Global data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Data Annotation Tools Type Outlook (Revenue, USD Million, 2018-2030)
- Text
- Image/Video
- Audio
- Global Data Annotation Tools Annotation Type Outlook (Revenue, USD Million, 2018-2030)
- Manual
- Sem-supervised
- Automatic
- Global Data Annotation Tools Vertical Outlook (Revenue, USD Million, 2018-2030)
- IT
- Automotive
- Government
- Healthcare
- Financial Services
- Retail
- Others
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Our clientele includes a mix of data annotation tools market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global data annotation tools market , including forecasts for subscribers. This global databook contains high-level insights into Global data annotation tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global data annotation tools market size, by regions, 2018-2030 (US$M)
Top 10 countries: Data annotation tools market size, 2023 (US$M)
Global data annotation tools market share, by type, 2023 & 2030 (%, US$M)
Data annotation tools market: Opportunity assessment by country
Global data annotation tools market, by region, 2023 (US$M)
Related regional statistics
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