South Korea Healthcare Data Annotation Tools Market Size & Outlook
South Korea healthcare data annotation tools market, 2017-2030 (US$M)
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South Korea healthcare data annotation tools market highlights
- The South Korea healthcare data annotation tools market generated a revenue of USD 1.7 million in 2023 and is expected to reach USD 10.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 29.3% from 2024 to 2030.
- In terms of segment, image/video was the largest revenue generating type in 2023.
- Image/Video 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 1.7 million |
| Market revenue in 2030 | USD 10.1 million |
| Growth rate | 29.3% (CAGR from 2023 to 2030) |
| Largest segment | Image/video |
| Fastest growing segment | Image/Video |
| 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, South Korea accounted for 1.0% 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 Asia Pacific, China healthcare data annotation tools market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 55.4 million by 2030.
Image/video was the largest segment with a revenue share of 58.82% in 2023. Horizon Databook has segmented the South Korea healthcare data annotation tools market based on text, image/video, audio covering the revenue growth of each sub-segment from 2017 to 2030.
South Korea has long been at the forefront of artificial intelligence research and development. The market increasingly embraces AI-driven annotation approaches, including active, semi-supervised, and reinforcement learning.
These strategies optimize the annotation process, increase efficiency, and decrease manual work while preserving annotation accuracy. Personal data privacy rules in South Korea are rigorous, notably the Personal Information Privacy Act (PIPA).
South Korean data annotation tools prioritize adherence to these laws by implementing stringent privacy and security safeguards. Personal health information (PHI) must be protected.
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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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South Korea healthcare data annotation tools market size, by type, 2017-2030 (US$M)
South Korea Healthcare Data Annotation Tools Market Outlook Share, 2023 & 2030 (US$M)
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