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 |
|---|---|---|---|---|
| Figure Eight | View profile | 101-250 | San Francisco, California, United States, North America | http://www.figure-eight.com |
| LightTag | View profile | 1-10 | Berlin, Berlin, Germany, Europe | https://lighttag.io |
| Mighty AI | View profile | 1-10 | Seattle, Washington, United States, North America | http://mty.ai |
| Lotus Quality Assurance (LQA) | View profile | 101-250 | Hanoi, NA - Vietnam, Vietnam, Asia | https://www.lotus-qa.com |
| Playment | View profile | 11-50 | Bangalore, Karnataka, India, Asia | https://playment.io |
| Alegion | View profile | 51-100 | Austin, Texas, United States, North America | http://www.alegion.com/ |
| Tagtog | View profile | 1-10 | Pomorskie, Zachodniopomorskie, Poland, Europe | https://tagtog.com |
| Explosion AI | View profile | 11-50 | Berlin, Berlin, Germany, Europe | https://explosion.ai |
| Deep Systems | View profile | 11-50 | Chicago, Illinois, United States, North America | http://deepsystems.com/ |
| CloudFactory | View profile | 5001-10000 | Reading, Reading, United Kingdom, Europe | http://cloudfactory.com |
| clickworker | View profile | 11-50 | Essen, Nordrhein-Westfalen, Germany, Europe | https://www.clickworker.com |
| Annotate | View profile | 11-50 | Edinburgh, Edinburgh, City of, United Kingdom, Europe | https://www.annotate.com |
| Lionbridge | View profile | 5001-10000 | Waltham, Massachusetts, United States, North America | http://www.lionbridge.com/ |
| Labelbox | View profile | 101-250 | San Francisco, California, United States, North America | https://labelbox.com |
| Cogito Tech | View profile | 51-100 | Levittown, New York, United States, North America | https://www.cogitotech.com/ |
| TELUS International (Cda) Inc Ordinary Shares (Sub Voting) | View profile | 75347 | 510 West Georgia Street, Floor 7, Vancouver, BC, Canada, V6B 0M3 | https://www.telusinternational.com |
| Appen Ltd | View profile | 1037 | 9 Help Street, Level 6, Chatswood, Sydney, NSW, Australia, 2067 | https://www.appen.com |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Amazon.com Inc | View profile | 1525000 | 410 Terry Avenue North, Seattle, WA, United States, 98109-5210 | https://www.amazon.com |
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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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)
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