Saudi Arabia Healthcare Data Annotation Tools Market Size & Outlook
Saudi Arabia healthcare data annotation tools market, 2017-2030 (US$M)
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Saudi Arabia healthcare data annotation tools market highlights
- The Saudi Arabia healthcare data annotation tools market generated a revenue of USD 0.9 million in 2023 and is expected to reach USD 5.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 28.4% 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.
Healthcare data annotation tools market data book summary
| Market revenue in 2023 | USD 0.9 million |
| Market revenue in 2030 | USD 5.1 million |
| Growth rate | 28.4% (CAGR from 2023 to 2030) |
| Largest segment | Image/video |
| Fastest growing segment | Audio |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Text, Image/Video, Audio |
| Key market players worldwide | Infosys Ltd ADR, Innodata Inc, Appen Ltd, Shaip, Ango AI, CapeStart, LynxCare, iMerit, Anolytics, V7, SuperAnnotate |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.5% of the global healthcare data annotation tools market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa healthcare data annotation tools market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5.1 million by 2030.
Image/video was the largest segment with a revenue share of 55.56% in 2023. Horizon Databook has segmented the Saudi Arabia healthcare data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2017 to 2030.
The Saudi Data and Artificial Intelligence Authority (SDAIA) regulations are one of the country's data protection laws. Saudi Arabia prioritizes adherence to these requirements by including privacy enhancing features and safe data management procedures in healthcare data annotation tools.
These instruments ensure that personal health information (PHI) is protected and data protection rules are followed. The healthcare data annotation tools used in Saudi Arabia are designed to respect and uphold the Islamic ideals of medicine.
In Saudi Arabia, annotation tools consider Islamic medical prescriptions, ethical issues, and cultural sensitivity to ensure annotations adhere to the region's moral and religious standards.
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Healthcare Data Annotation Tools Market Scope
Healthcare Data Annotation Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia healthcare data annotation tools market size, by type, 2017-2030 (US$M)
Saudi Arabia Healthcare Data Annotation Tools Market Outlook Share, 2023 & 2030 (US$M)
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