Data Annotation Tools Market Size & Share, by Type (Text, Pictures & Videos, Audio); Component (Solutions, Services); Annotation Type (Manual Annotation, Semi-Supervised Annotation, Automated Automation); End-user (Retail & E-Commerce, IT & Telecommunication, BFSI, Government, Automotive, Healthcare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4763
  • Published Date: Mar 29, 2023
  • Report Format: PDF, PPT

Companies Dominating the Data Annotation Tools Landscape

    • Innodata, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Telus Corporation
    • Figure Eight Federal Inc.
    • Google LLC
    • Lighttag
    • Lionbridge Technologies, LLC.
    • Lotus Quality Assurance
    • Scale AI, INC.
    • SuperAnnotate AI, Inc.
    • Tagtog Sp. Z.o.o
    • Cogito Tech LLC

Browse Key Market Insights with Data Illustration:


In The News

  • Innodata, Inc. announced the expansion of services to support the development of predictive models for the medical record by combining their Synodex medical data extraction platform with data annotation platform. This expansion demonstrates the efficacy of the method of Innodata for extracting high-quality AI training data from medical records.

  • Telus Corporation announced the acquisition of Lionbridge AI, a market-leading global supplier of solutions for annotation platforms and crowd-based training data by their Telus International segment. Lionbridge AI will assist TELUS International expand its penetration of the quickly expanding new economy services market

Author Credits:  Abhishek Verma, Hetal Singh

  • Report ID: 4763
  • Published Date: Mar 29, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for self-driving vehicles, growing use of facial recognition and AI, and higher generation of data are the major factors driving the market growth.

The market size of data annotation tools is anticipated to attain a CAGR of 26% over the forecast period, i.e., 2023-2035.

Lack of manpower, unsatisfied labeling of data, and chances of security breaches in case of sensitive data are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Figure Eight Federal Inc., Google LLC, Lighttag, Lionbridge Technologies, LLC., Lotus Quality Assurance, Scale AI, INC., SuperAnnotate AI, Inc., Tagtog Sp. Z.o. o, Cogito Tech LLC, Telus Corporation, and Innodata, Inc.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, component, annotation type, end user, and by region.

The retail & e-commerce segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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