North America Data Annotation Tools Market Size & Outlook
North America data annotation tools market, 2018-2030 (US$M)
Related Markets
North America data annotation tools market highlights
- The North America data annotation tools market generated a revenue of USD 372.5 million in 2023.
- The market is expected to grow at a CAGR of 24.3% from 2024 to 2030.
- In terms of segment, image/video 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 372.5 million |
| Market revenue in 2030 | USD 1,706.9 million |
| Growth rate | 24.3% (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 |
| 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, North America region accounted for 36.2% 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.
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 Scope
Data Annotation Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 36.83% in 2023. Horizon Databook has segmented the North America data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2018 to 2030.
Early adopters in the North American market, such as the U.S. and Canada, are the frontiers of data collection and annotation applications. Mass adoption of digital devices enabled with face & voice recognition and consumer trends, such as online shopping, will continue to drive growth in this region.
Increasing investments in North American companies for AI solutions and services have spurred the market. In the U.S., AI-based investment advisory consumer applications are getting traction to improve investment decisions.
In January 2020, Apple Inc. (U.S.) acquired a U.S.-based startup, Xnor.ai, directing edge-based AI tools. The acquisition is projected to implement Xnor.ai’s AI-enabled image recognition tools in upcoming iPhones and webcams.
Reasons to subscribe to North America 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 North America 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 continent-level data and insights on the North America data annotation tools market , including forecasts for subscribers. This continent databook contains high-level insights into North America data annotation tools market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America data annotation tools market size, by country, 2018-2030 (US$M)
North America Data Annotation Tools Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
