Canada Data Annotation Tools Market Size & Outlook

The data annotation tools market in Canada is expected to reach a projected revenue of US$ 447.5 million by 2030. A compound annual growth rate of 27.4% is expected of Canada data annotation tools market from 2024 to 2030.
Revenue, 2023 (US$M)
$82.2
Forecast, 2030 (US$M)
$447.5
CAGR, 2024 - 2030
27.4%
Report Coverage
Canada

Canada data annotation tools market highlights

  • The Canada data annotation tools market generated a revenue of USD 82.2 million in 2023 and is expected to reach USD 447.5 million by 2030.
  • The Canada market is expected to grow at a CAGR of 27.4% 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.


Data annotation tools market data book summary

Market revenue in 2023USD 82.2 million
Market revenue in 2030USD 447.5 million
Growth rate27.4% (CAGR from 2023 to 2030)
Largest segmentText
Fastest growing segmentAudio
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationText, Image/Video, Audio
Key market players worldwideAppen 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, Canada accounted for 8.0% of the global data annotation tools market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. data annotation tools market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 447.5 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Data Annotation Tools Market Companies

Name Profile # Employees HQ Website

Canada 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 37.35% in 2023. Horizon Databook has segmented the Canada data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2018 to 2030.


Reasons to subscribe to Canada data annotation tools market databook:

  • Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
  • Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
  • Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
  • Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
  • Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Canada data annotation tools market databook

  • Our clientele includes a mix of data annotation tools market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • 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 country-level data and insights on the Canada data annotation tools market , including forecasts for subscribers. This country databook contains high-level insights into Canada data annotation tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list

  • logo

Canada data annotation tools market size, by type, 2018-2030 (US$M)

Canada Data Annotation Tools Market Outlook Share, 2023 & 2030 (US$M)

Canada data annotation tools market size, by type, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more