Middle East & Africa Data Annotation Tools Market Size & Outlook
Middle East & Africa data annotation tools market, 2018-2030 (US$M)
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MEA data annotation tools market highlights
- The MEA data annotation tools market generated a revenue of USD 16.2 million in 2023.
- The market is expected to grow at a CAGR of 19.3% from 2024 to 2030.
- In terms of segment, text was the largest revenue generating type in 2023.
- Image/Video is the most lucrative type segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 16.2 million |
| Market revenue in 2030 | USD 55.6 million |
| Growth rate | 19.3% (CAGR from 2023 to 2030) |
| Largest segment | Text |
| Fastest growing segment | Image/Video |
| 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, MEA region accounted for 1.6% 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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Middle East & Africa 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 36.42% in 2023. Horizon Databook has segmented the Middle East & Africa data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing investments in the surveillance and telecommunication industry have led to the need for data collection and annotation applications. And subsequently creating high growth virtues for the market growth over the coming years.
For instance, several African countries, such as Kenya and Uganda, have received infrastructure and financing from Chinese companies, including Huawei Technologies Co., Ltd., to develop surveillance and telecommunications.
In Turkey, approximately 30 domestically developed drones equipped with image/video based facial recognition are used for border security.
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Target buyers of Middle East & Africa 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa data annotation tools market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa data annotation tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa data annotation tools market
Middle East & Africa Data Annotation Tools Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa data annotation tools market
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