Jul 4, 2020 1:06 AM ET
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Latest released the research study on Global Data Annotation Tools Market, offers a detailed overview of the factors influencing the global business scope. Data Annotation Tools Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Data Annotation Tools The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Amazon Mechanical Turk (United States), Lionbridge AI (United States), Edgecase (United States), Scale AI (United States), CloudApp, Inc. (United States), Hive AI (United States), Figure Eight (United States), Humans in the Loop (Bulgaria), Clickworker (Germany), Appen (Australia), Dbrain (Russia), Webtunix AI (United States), IBM Corporation (United States), Labelbox, Inc. (United States), Trantor (United States), Netguru (Poland) and DataLoop (Israel)

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The data annotation tools are used for processing or labeling data machine learning and training different computer vision models. Data can be in any form that a human might understand such as text, audio, images or video, tabular data and other types of data. These tools can be majorly used by a data scientist to clean the data and annotated data to train machine learning models and also used in deep learning. There are various types and uses for data annotation in machine learning including classification of image or text, detection of an object and segmentation and other types of tools. However, all of these tools are built with direct manipulation via Graphical User Interfaces (GUI). Data Annotation plays major role in machine learning and deep learning applications.

The Global Data Annotation Tools Market segments and Market Data Break Down are illuminated below:

by End-User Industry (Self-Driving, Robotics, Automotive, Healthcare, Agriculture, Others), Annotation Tools (Bounding Boxes, Polygon, Circles, Lines & Splines, Others), Data Annotation Types (Image, Video, Audio, Text, Geographical, Others), Price (Community Edition, Enterprise Edition), Data Annotation Techniques (Manual, Automatic, Semi-Automatic)

Analyst at AMA have conducted special survey and have connected with opinion leaders and Industry experts from various region to minutely understand impact on growth as well as local reforms to fight the situation. A special chapter in the study presents Impact Analysis of COVID-19 on Data Annotation Tools Market along with tables and graphs related to various country and segments showcasing impact on growth trends.

Market Drivers

  • Rapid Growth in Artificial Intelligence is a Significantly Growing Demand for Data Annotation Tools
  • Data Annotation Tools Are Extremely Used in Various Field Such as Self Driving, Robotics, Automotive and Healthcare
  • Rising Demand for Annotated Data to Improve the Machine Learning Models
  • AI Models or Automated Applications Provide a Totally Different and Seamless Experience for End-Users

Market Trend

  • Data Annotation Tools are Trending Due to the Online Search Engines Needs Huge Amount of Datasets to Improve the Quality of Its Search
  • Automatic Annotation Technique is the Most Efficient and Requires Least Time
  • Rising Trend of Computer Vision Annotation Tool (CVAT) Which Helps to Annotate Image and Video for Computer Vision Algorithms

Restraints

  • Data Annotation is Time Consuming and Worth the Trouble
  • Manual Data Annotation is Very Slow Process

Opportunities

  • Innovation in Artificial Intelligence and Machine Learning Technology which Provides the Advantages to Different Fields Globally
  • Data Annotation Tools is Widely Used Self-Driving Vehicles

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Data Annotation Tools Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Data Annotation Tools market

Chapter 2: Exclusive Summary – the basic information of the Data Annotation Tools Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Data Annotation Tools

Chapter 4: Presenting the Data Annotation Tools Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying market size by Type, End User and Region 2014-2019

Chapter 6: Evaluating the leading manufacturers of the Data Annotation Tools market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2020-2025).

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Data Annotation Tools Market is a valuable source of guidance for individuals and companies in decision framework.

Data Sources & Methodology
The primary sources involves the industry experts from the Global Data Annotation Tools Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company’s Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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What benefits does AMA research study is going to provide?

  • Latest industry influencing trends and development scenario
  • Open up New Markets
  • To Seize powerful market opportunities
  • Key decision in planning and to further expand market share
  • Identify Key Business Segments, Market proposition & Gap Analysis
  • Assisting in allocating marketing investments

Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Southeast Asia.

About Author:

Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies’ revenues.

Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.

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Contact Information:

Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
[email protected]


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Keywords:    Data Annotation Tools Market Size, Data Annotation Tools Market Share, Data Annotation Tools Market Trends, Data Annotation Tools Market Growth