The North America Data Annotation Tools Market would witness market growth of 23.8% CAGR during the forecast period (2021-2027).
Annotation is a comprehensive method of managing the data, which a company plans to annotate. It is one of the important parts of a company’s workflow to ensure that the tool used in the premise should actually import & support the huge volume of data & file types that the company wants to label. It consists of searching, sorting, filtering, merging, and cloning the data. Several tools can help in saving the output of annotations in various ways, which should fulfil a company’s output needs. These annotated data are stored in local and network storage, however, cloud storage must support file storage targets.
The growing adoption of image data annotation tools in the retail, automotive, and healthcare industries is fuelling the market growth. These data annotation tools help customers to improve the value of data with the addition of attribute tags to it or labelling it. The major advantage of utilizing annotation tools is the amalgamation of data attributes that helps companies to operate the datasets at one location and removes the requirement to rewrite the same rules at various places. The growth of big data and the increasing number of huge datasets are anticipated to increase the importance of using artificial intelligence technologies in the data annotations process.
In this region, the increasing adoption of data annotation tools in the AI industry would create more demand for data annotation tools in the North American market. In addition, the presence of various key market players of artificial intelligence and machine learning like Microsoft, Apple, and Google will also support the growth of the regional market. These key players are increasingly utilizing the data annotation tools to develop and offer AI as their key product and further support the value chain.
Along with that, many companies in this region are widely adopting data annotation tools to bolster their growth and improve their presence in the market. The increasing popularity of AI technology in the region would also positively impact the data annotation tools market as AI technologies utilize data annotation for optimizing their workflow.
The US market dominated the North America Healthcare Data Annotation Tools Market by Country 2020, thereby, achieving a market value of $90.8 million by 2027. The Canada market is experiencing a CAGR of 27% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 25.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Data Annotation Tools Market is Estimated to Reach USD 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
- US
- Canada
- Mexico
- Rest of North America
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 North America Data Annotation Tools Market, by Type
1.4.2 North America Data Annotation Tools Market, by Annotation Type
1.4.3 North America Data Annotation Tools Market, by Industry
1.4.4 North America 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. North America Data Annotation Tools Market by Industry
3.1 North America IT Data Annotation Tools Market by Country
3.2 North America Automotive Data Annotation Tools Market by Country
3.3 North America Retail Data Annotation Tools Market by Country
3.4 North America Healthcare Data Annotation Tools Market by Country
3.5 North America Financial Services Data Annotation Tools Market by Country
3.6 North America Government Data Annotation Tools Market by Country
3.7 North America Other Industry Data Annotation Tools Market by Country
Chapter 4. North America Data Annotation Tools Market by Type
4.1 North America Data Annotation Tools Text Market by Country
4.2 North America Data Annotation Tools Image/Video Market by Country
4.3 North America Data Annotation Tools Audio Market by Country
Chapter 5. North America Data Annotation Tools Market by Annotation Type
5.1 North America Manual Data Annotation Tools Market by Country
5.2 North America Semi-supervised Data Annotation Tools Market by Country
5.3 North America Automatic Data Annotation Tools Market by Country
Chapter 6. North America Data Annotation Tools Market by Country
6.1 US Data Annotation Tools Market
6.1.1 US Data Annotation Tools Market by Industry
6.1.2 US Data Annotation Tools Market by Type
6.1.3 US Data Annotation Tools Market by Annotation Type
6.2 Canada Data Annotation Tools Market
6.2.1 Canada Data Annotation Tools Market by Industry
6.2.2 Canada Data Annotation Tools Market by Type
6.2.3 Canada Data Annotation Tools Market by Annotation Type
6.3 Mexico Data Annotation Tools Market
6.3.1 Mexico Data Annotation Tools Market by Industry
6.3.2 Mexico Data Annotation Tools Market by Type
6.3.3 Mexico Data Annotation Tools Market by Annotation Type
6.4 Rest of North America Data Annotation Tools Market
6.4.1 Rest of North America Data Annotation Tools Market by Industry
6.4.2 Rest of North America Data Annotation Tools Market by Type
6.4.3 Rest of North America 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 North America Data Annotation Tools Market, 2017 - 2020, USD Million
TABLE 2 North America Data Annotation Tools Market, 2021 - 2027, USD Million
TABLE 3 North America Data Annotation Tools Market by Industry, 2017 - 2020, USD Million
TABLE 4 North America Data Annotation Tools Market by Industry, 2021 - 2027, USD Million
TABLE 5 North America IT Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 6 North America IT Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Automotive Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Automotive Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Retail Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Retail Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Healthcare Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Healthcare Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Financial Services Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Financial Services Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Government Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Government Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Other Industry Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Other Industry Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Data Annotation Tools Market by Type, 2017 - 2020, USD Million
TABLE 20 North America Data Annotation Tools Market by Type, 2021 - 2027, USD Million
TABLE 21 North America Data Annotation Tools Text Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Data Annotation Tools Text Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Data Annotation Tools Image/Video Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Data Annotation Tools Image/Video Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Data Annotation Tools Audio Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Data Annotation Tools Audio Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Data Annotation Tools Market by Annotation Type, 2017 - 2020, USD Million
TABLE 28 North America Data Annotation Tools Market by Annotation Type, 2021 - 2027, USD Million
TABLE 29 North America Manual Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Manual Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Semi-supervised Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Semi-supervised Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Automatic Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Automatic Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Data Annotation Tools Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Data Annotation Tools Market by Country, 2021 - 2027, USD Million
TABLE 37 US Data Annotation Tools Market, 2017 - 2020, USD Million
TABLE 38 US Data Annotation Tools Market, 2021 - 2027, USD Million
TABLE 39 US Data Annotation Tools Market by Industry, 2017 - 2020, USD Million
TABLE 40 US Data Annotation Tools Market by Industry, 2021 - 2027, USD Million
TABLE 41 US Data Annotation Tools Market by Type, 2017 - 2020, USD Million
TABLE 42 US Data Annotation Tools Market by Type, 2021 - 2027, USD Million
TABLE 43 US Data Annotation Tools Market by Annotation Type, 2017 - 2020, USD Million
TABLE 44 US Data Annotation Tools Market by Annotation Type, 2021 - 2027, USD Million
TABLE 45 Canada Data Annotation Tools Market, 2017 - 2020, USD Million
TABLE 46 Canada Data Annotation Tools Market, 2021 - 2027, USD Million
TABLE 47 Canada Data Annotation Tools Market by Industry, 2017 - 2020, USD Million
TABLE 48 Canada Data Annotation Tools Market by Industry, 2021 - 2027, USD Million
TABLE 49 Canada Data Annotation Tools Market by Type, 2017 - 2020, USD Million
TABLE 50 Canada Data Annotation Tools Market by Type, 2021 - 2027, USD Million
TABLE 51 Canada Data Annotation Tools Market by Annotation Type, 2017 - 2020, USD Million
TABLE 52 Canada Data Annotation Tools Market by Annotation Type, 2021 - 2027, USD Million
TABLE 53 Mexico Data Annotation Tools Market, 2017 - 2020, USD Million
TABLE 54 Mexico Data Annotation Tools Market, 2021 - 2027, USD Million
TABLE 55 Mexico Data Annotation Tools Market by Industry, 2017 - 2020, USD Million
TABLE 56 Mexico Data Annotation Tools Market by Industry, 2021 - 2027, USD Million
TABLE 57 Mexico Data Annotation Tools Market by Type, 2017 - 2020, USD Million
TABLE 58 Mexico Data Annotation Tools Market by Type, 2021 - 2027, USD Million
TABLE 59 Mexico Data Annotation Tools Market by Annotation Type, 2017 - 2020, USD Million
TABLE 60 Mexico Data Annotation Tools Market by Annotation Type, 2021 - 2027, USD Million
TABLE 61 Rest of North America Data Annotation Tools Market, 2017 - 2020, USD Million
TABLE 62 Rest of North America Data Annotation Tools Market, 2021 - 2027, USD Million
TABLE 63 Rest of North America Data Annotation Tools Market by Industry, 2017 - 2020, USD Million
TABLE 64 Rest of North America Data Annotation Tools Market by Industry, 2021 - 2027, USD Million
TABLE 65 Rest of North America Data Annotation Tools Market by Type, 2017 - 2020, USD Million
TABLE 66 Rest of North America Data Annotation Tools Market by Type, 2021 - 2027, USD Million
TABLE 67 Rest of North America Data Annotation Tools Market by Annotation Type, 2017 - 2020, USD Million
TABLE 68 Rest of North America Data Annotation Tools Market by Annotation Type, 2021 - 2027, USD Million
TABLE 69 Key Information – Google, Inc.
TABLE 70 Key Information – Amazon.com, Inc.
TABLE 71 Key Information – Uber Technologies, Inc.
TABLE 72 Key Information – Appen Limited
TABLE 73 Key Information – Scale AI, Inc.
TABLE 74 Key Information – Labelbox, Inc.
TABLE 75 key information – Annotate Software
TABLE 76 key information – Cogito Tech LLC
TABLE 77 key information – Deep Systems
TABLE 78 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