The Latin America, Middle East and Africa Data Annotation Tools Market would witness market growth of 27.1% CAGR during the forecast period (2021-2027).
Organizations generate a huge amount of data by using advanced technologies like loT, ML, AI, robotics, and advanced predictive analytics. The emerging technologies increase the importance of data efficiency for making the latest business innovations, new economics, and infrastructure, which would further surge the market growth. Due to the rising possibility of growth in data labeling, some companies which develop AI-enabled healthcare applications are teaming up with data annotation providers offering the needed data sets, which can help the companies to improve their machine learning & deep learning capabilities.
The lack of precision of data annotation tools is estimated to hamper the market growth. For example, a certain image can have low resolution and consists of various objects that create difficulty in labeling it. The major challenge possessed in the data annotation market is the inaccuracy in the quality of data labeled. There are certain cases in which the manually labeled data contains wrong labeling and the time to identify these faulty labels may vary that further increase the cost of the complete annotation process. Though, with the emerging sophisticated algorithms, the precision of automated data annotation tools is increasing and hence, decreasing the reliance on manual annotation & the cost of the tools in the coming years.
The increasing adoption rate of various new technologies in this region is driving the growth of the data annotation tools market. There are many companies in the Middle East, Africa, and Latin America, which are highly adopting emerging and advanced technologies that will significantly impact the growth of the data annotation tools market. Furthermore, the limited capital of several companies in this region is estimated to hamper the growth of the regional market.
However, companies are getting more aware of the importance of data annotation in a firm along with the wide range of benefits offered by data annotation tools. This would further support the key market players to enter the market and acquire a significant share in it. Thus, all such factors are estimated to bolster the growth of the data annotation market in the LAMEA region.
The Text market dominated the South Africa Data Annotation Tools Market by Type 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7.2 million by 2027. The Image/Video market is expected to witness a CAGR of 28.5% during (2021 - 2027).
Based on Type, the market is segmented into Text, Image/Video and Audio. Based on Annotation Type, the market is segmented into Manual, Semi-supervised and Automatic. Based on Industry, the market is segmented into IT, Automotive, Retail, Healthcare, Financial Services, Government and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Data Annotation Tools Market is Predict to reach $2.3 Billion by 2027, at a CAGR of 24.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google, Inc., Amazon.com, Inc., Uber Technologies, Inc. (Mighty AI, Inc.), Appen Limited, Scale AI, Inc., Labelbox, Inc., Annotate Software, Cogito Tech LLC, Deep Systems, and Playment, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Annotation Type
- Manual
- Semi-supervised
- Automatic
By Industry
- IT
- Automotive
- Retail
- Healthcare
- Financial Services
- Government
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Google, Inc.
- com, Inc.
- Uber Technologies, Inc. (Mighty AI, Inc.)
- Appen Limited
- Scale AI, Inc.
- Labelbox, Inc.
- Annotate Software
- Cogito Tech LLC
- Deep Systems
- Playment, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Data Annotation Tools Market, by Type
1.4.2 LAMEA Data Annotation Tools Market, by Annotation Type
1.4.3 LAMEA Data Annotation Tools Market, by Industry
1.4.4 LAMEA Data Annotation Tools Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Opportunities
2.2.3 Market Restraints
Chapter 3. LAMEA Data Annotation Tools Market by Industry
3.1 LAMEA IT Data Annotation Tools Market by Country
3.2 LAMEA Automotive Data Annotation Tools Market by Country
3.3 LAMEA Retail Data Annotation Tools Market by Country
3.4 LAMEA Healthcare Data Annotation Tools Market by Country
3.5 LAMEA Financial Services Data Annotation Tools Market by Country
3.6 LAMEA Government Data Annotation Tools Market by Country
3.7 LAMEA Other Industry Data Annotation Tools Market by Country
Chapter 4. LAMEA Data Annotation Tools Market by Type
4.1 LAMEA Data Annotation Tools Text Market by Country
4.2 LAMEA Data Annotation Tools Image/Video Market by Country
4.3 LAMEA Data Annotation Tools Audio Market by Country
Chapter 5. LAMEA Data Annotation Tools Market by Annotation Type
5.1 LAMEA Manual Data Annotation Tools Market by Country
5.2 LAMEA Semi-supervised Data Annotation Tools Market by Country
5.3 LAMEA Automatic Data Annotation Tools Market by Country
Chapter 6. LAMEA Data Annotation Tools Market by Country
6.1 Brazil Data Annotation Tools Market
6.1.1 Brazil Data Annotation Tools Market by Industry
6.1.2 Brazil Data Annotation Tools Market by Type
6.1.3 Brazil Data Annotation Tools Market by Annotation Type
6.2 Argentina Data Annotation Tools Market
6.2.1 Argentina Data Annotation Tools Market by Industry
6.2.2 Argentina Data Annotation Tools Market by Type
6.2.3 Argentina Data Annotation Tools Market by Annotation Type
6.3 UAE Data Annotation Tools Market
6.3.1 UAE Data Annotation Tools Market by Industry
6.3.2 UAE Data Annotation Tools Market by Type
6.3.3 UAE Data Annotation Tools Market by Annotation Type
6.4 Saudi Arabia Data Annotation Tools Market
6.4.1 Saudi Arabia Data Annotation Tools Market by Industry
6.4.2 Saudi Arabia Data Annotation Tools Market by Type
6.4.3 Saudi Arabia Data Annotation Tools Market by Annotation Type
6.5 South Africa Data Annotation Tools Market
6.5.1 South Africa Data Annotation Tools Market by Industry
6.5.2 South Africa Data Annotation Tools Market by Type
6.5.3 South Africa Data Annotation Tools Market by Annotation Type
6.6 Nigeria Data Annotation Tools Market
6.6.1 Nigeria Data Annotation Tools Market by Industry
6.6.2 Nigeria Data Annotation Tools Market by Type
6.6.3 Nigeria Data Annotation Tools Market by Annotation Type
6.7 Rest of LAMEA Data Annotation Tools Market
6.7.1 Rest of LAMEA Data Annotation Tools Market by Industry
6.7.2 Rest of LAMEA Data Annotation Tools Market by Type
6.7.3 Rest of LAMEA Data Annotation Tools Market by Annotation Type
Chapter 7. Company Profiles
7.1 Google, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.6 SWOT Analysis
7.2 Amazon.com, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Product Launches and Product Expansions:
7.2.5 SWOT Analysis
7.3 Uber Technologies, Inc. (Mighty AI, Inc.)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Appen Limited
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Product Launches and Product Expansions:
7.4.4.3 Acquisition and Mergers:
7.5 Scale AI, Inc.
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.6 Labelbox, Inc.
7.6.1 Company overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.7 Annotate Software
7.7.1 Company Overview
7.8 Cogito Tech LLC
7.8.1 Company Overview
7.9 Deep Systems
7.9.1 Company Overview
7.10. Playment, Inc.
7.10.1 Company Overview
TABLE 1 LAMEA Data Annotation Tools Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Data Annotation Tools Market, 2021 - 2027, USD Million
TABLE 3 LAMEA Data Annotation Tools Market by Industry, 2017 - 2020, USD Million
TABLE 4 LAMEA Data Annotation Tools Market by Industry, 2021 - 2027, USD Million
TABLE 5 LAMEA IT Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA IT Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 7 LAMEA Automotive Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Automotive Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 9 LAMEA Retail Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Retail Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Healthcare Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Healthcare Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Financial Services Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Financial Services Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Government Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Government Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Other Industry Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Other Industry Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Data Annotation Tools Market by Type, 2017 - 2020, USD Million
TABLE 20 LAMEA Data Annotation Tools Market by Type, 2021 - 2027, USD Million
TABLE 21 LAMEA Data Annotation Tools Text Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Data Annotation Tools Text Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Data Annotation Tools Image/Video Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Data Annotation Tools Image/Video Market by Country, 2021 - 2027, USD Million
TABLE 25 LAMEA Data Annotation Tools Audio Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA Data Annotation Tools Audio Market by Country, 2021 - 2027, USD Million
TABLE 27 LAMEA Data Annotation Tools Market by Annotation Type, 2017 - 2020, USD Million
TABLE 28 LAMEA Data Annotation Tools Market by Annotation Type, 2021 - 2027, USD Million
TABLE 29 LAMEA Manual Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 30 LAMEA Manual Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 31 LAMEA Semi-supervised Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 32 LAMEA Semi-supervised Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 33 LAMEA Automatic Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 34 LAMEA Automatic Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 35 LAMEA Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 36 LAMEA Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 37 Brazil Data Annotation Tools Market, 2017 - 2020, USD Million
TABLE 38 Brazil Data Annotation Tools Market, 2021 - 2027, USD Million
TABLE 39 Brazil Data Annotation Tools Market by Industry, 2017 - 2020, USD Million
TABLE 40 Brazil Data Annotation Tools Market by Industry, 2021 - 2027, USD Million
TABLE 41 Brazil Data Annotation Tools Market by Type, 2017 - 2020, USD Million
TABLE 42 Brazil Data Annotation Tools Market by Type, 2021 - 2027, USD Million
TABLE 43 Brazil Data Annotation Tools Market by Annotation Type, 2017 - 2020, USD Million
TABLE 44 Brazil Data Annotation Tools Market by Annotation Type, 2021 - 2027, USD Million
TABLE 45 Argentina Data Annotation Tools Market, 2017 - 2020, USD Million
TABLE 46 Argentina Data Annotation Tools Market, 2021 - 2027, USD Million
TABLE 47 Argentina Data Annotation Tools Market by Industry, 2017 - 2020, USD Million
TABLE 48 Argentina Data Annotation Tools Market by Industry, 2021 - 2027, USD Million
TABLE 49 Argentina Data Annotation Tools Market by Type, 2017 - 2020, USD Million
TABLE 50 Argentina Data Annotation Tools Market by Type, 2021 - 2027, USD Million
TABLE 51 Argentina Data Annotation Tools Market by Annotation Type, 2017 - 2020, USD Million
TABLE 52 Argentina Data Annotation Tools Market by Annotation Type, 2021 - 2027, USD Million
TABLE 53 UAE Data Annotation Tools Market, 2017 - 2020, USD Million
TABLE 54 UAE Data Annotation Tools Market, 2021 - 2027, USD Million
TABLE 55 UAE Data Annotation Tools Market by Industry, 2017 - 2020, USD Million
TABLE 56 UAE Data Annotation Tools Market by Industry, 2021 - 2027, USD Million
TABLE 57 UAE Data Annotation Tools Market by Type, 2017 - 2020, USD Million
TABLE 58 UAE Data Annotation Tools Market by Type, 2021 - 2027, USD Million
TABLE 59 UAE Data Annotation Tools Market by Annotation Type, 2017 - 2020, USD Million
TABLE 60 UAE Data Annotation Tools Market by Annotation Type, 2021 - 2027, USD Million
TABLE 61 Saudi Arabia Data Annotation Tools Market, 2017 - 2020, USD Million
TABLE 62 Saudi Arabia Data Annotation Tools Market, 2021 - 2027, USD Million
TABLE 63 Saudi Arabia Data Annotation Tools Market by Industry, 2017 - 2020, USD Million
TABLE 64 Saudi Arabia Data Annotation Tools Market by Industry, 2021 - 2027, USD Million
TABLE 65 Saudi Arabia Data Annotation Tools Market by Type, 2017 - 2020, USD Million
TABLE 66 Saudi Arabia Data Annotation Tools Market by Type, 2021 - 2027, USD Million
TABLE 67 Saudi Arabia Data Annotation Tools Market by Annotation Type, 2017 - 2020, USD Million
TABLE 68 Saudi Arabia Data Annotation Tools Market by Annotation Type, 2021 - 2027, USD Million
TABLE 69 South Africa Data Annotation Tools Market, 2017 - 2020, USD Million
TABLE 70 South Africa Data Annotation Tools Market, 2021 - 2027, USD Million
TABLE 71 South Africa Data Annotation Tools Market by Industry, 2017 - 2020, USD Million
TABLE 72 South Africa Data Annotation Tools Market by Industry, 2021 - 2027, USD Million
TABLE 73 South Africa Data Annotation Tools Market by Type, 2017 - 2020, USD Million
TABLE 74 South Africa Data Annotation Tools Market by Type, 2021 - 2027, USD Million
TABLE 75 South Africa Data Annotation Tools Market by Annotation Type, 2017 - 2020, USD Million
TABLE 76 South Africa Data Annotation Tools Market by Annotation Type, 2021 - 2027, USD Million
TABLE 77 Nigeria Data Annotation Tools Market, 2017 - 2020, USD Million
TABLE 78 Nigeria Data Annotation Tools Market, 2021 - 2027, USD Million
TABLE 79 Nigeria Data Annotation Tools Market by Industry, 2017 - 2020, USD Million
TABLE 80 Nigeria Data Annotation Tools Market by Industry, 2021 - 2027, USD Million
TABLE 81 Nigeria Data Annotation Tools Market by Type, 2017 - 2020, USD Million
TABLE 82 Nigeria Data Annotation Tools Market by Type, 2021 - 2027, USD Million
TABLE 83 Nigeria Data Annotation Tools Market by Annotation Type, 2017 - 2020, USD Million
TABLE 84 Nigeria Data Annotation Tools Market by Annotation Type, 2021 - 2027, USD Million
TABLE 85 Rest of LAMEA Data Annotation Tools Market, 2017 - 2020, USD Million
TABLE 86 Rest of LAMEA Data Annotation Tools Market, 2021 - 2027, USD Million
TABLE 87 Rest of LAMEA Data Annotation Tools Market by Industry, 2017 - 2020, USD Million
TABLE 88 Rest of LAMEA Data Annotation Tools Market by Industry, 2021 - 2027, USD Million
TABLE 89 Rest of LAMEA Data Annotation Tools Market by Type, 2017 - 2020, USD Million
TABLE 90 Rest of LAMEA Data Annotation Tools Market by Type, 2021 - 2027, USD Million
TABLE 91 Rest of LAMEA Data Annotation Tools Market by Annotation Type, 2017 - 2020, USD Million
TABLE 92 Rest of LAMEA Data Annotation Tools Market by Annotation Type, 2021 - 2027, USD Million
TABLE 93 Key Information – Google, Inc.
TABLE 94 Key Information – Amazon.com, Inc.
TABLE 95 Key Information – Uber Technologies, Inc.
TABLE 96 Key Information – Appen Limited
TABLE 97 Key Information – Scale AI, Inc.
TABLE 98 Key Information – Labelbox, Inc.
TABLE 99 key information – Annotate Software
TABLE 100 key information – Cogito Tech LLC
TABLE 101 key information – Deep Systems
TABLE 102 Key Information – Playment, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Alphabet Inc. (Google Inc.)
FIG 3 SWOT analysis: Amazon.com, Inc.
FIG 4 Recent strategies and developments: Appen Limited