Asia Pacific Data Annotation Tools Market Size & Outlook
Asia Pacific data annotation tools market, 2018-2030 (US$M)
Related Markets
Asia Pacific data annotation tools market highlights
- The Asia Pacific data annotation tools market generated a revenue of USD 307.9 million in 2023.
- The market is expected to grow at a CAGR of 28.1% from 2024 to 2030.
- In terms of segment, text was the largest revenue generating type in 2023.
- Audio is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 307.9 million |
| Market revenue in 2030 | USD 1,738.3 million |
| Growth rate | 28.1% (CAGR from 2023 to 2030) |
| Largest segment | Text |
| 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 |
| Key market players worldwide | Appen Ltd, Cogito Tech, TELUS International (Cda) Inc Ordinary Shares (Sub Voting), Amazon.com Inc, Alphabet Inc Class A |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 29.9% of the global data annotation tools market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,738.3 million by 2030.
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Data Annotation Tools Market Scope
Data Annotation Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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.
Text was the largest segment with a revenue share of 37.48% in 2023. Horizon Databook has segmented the Asia Pacific data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific is anticipated to experience prominent growth throughout the forecast period. The growth is attributable to the rapidly increasing consumption of mobiles and tablets, swift technological advancements, and the increasing prominence of social networking in developing economies, such as India and China.
The increasing number of smart devices boosts the requirement of data collection and its annotation. The surging applications of face recollection in surveillance and security systems in China are estimated to fuel market growth in the region.
For instance, the Chinese government has imposed real-name registering policies across the country, under which inhabitants should mandatorily link their official government ID with an online account. Such policies are augmenting the use of data collection and annotation across the country.
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Target buyers of Asia Pacific data annotation tools market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific data annotation tools market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific data annotation tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific data annotation tools market size, by country, 2018-2030 (US$M)
Asia Pacific Data Annotation Tools Market Outlook Share, 2023 & 2030 (US$M)
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