Data Annotation Tool Market Globally Expected to Drive Growth through 2030Posted by sachi kaushik on March 23rd, 2021 Integration of artificial intelligence with various industries such as automotive, retail, healthcare, and financial services is helping generate voluminous data. It is crucial for organizations to collect, and catalogue this data with the help of data annotation tools. Data once annotated is then utilized to train artificial intelligence programs. These programs are then consumerized and they further generate data starting the entire cycle again. On this backdrop, the global data annotation tool market will inflate more than seven-folds during the forecast period (2020 – 2030). Omnipresent consumer demand for digital convenience impels digitization of conventional processes such as document verification. The efficacy of data annotation tools in effectively executing conventional processes will continue to provide growth opportunities for market players. To remain ‘ahead’ of your competitors, request for a sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=4710 Key Takeaways of Data Annotation Tool Market Study
Autonomous Automotive – High Growth Vertical Investments in development of autonomous automotive furthers the demand for data annotation tools to develop training datasets. For instance, Electric car manufacturer Tesla Inc., has been training its self-driving AI systems to instantly recognize inanimate and living objects. It is in fact trained to differentiate between humans, and animals. A direct result of advanced data annotation tools. Hence, market players stand a chance to gain profitable revenue opportunities by catering to image and video data type annotations. Disruptive innovation in retail segments such as consumer behavior analysis, and advanced customer relationship programs will continue to drive the demand for data annotation tools. Penetration of e-commerce in countries of Asia Pacific and Middle East & Africa is a top target area for most companies. Raising funds on the back of research and development efforts will lend additional support to global footprint expansion of organizations. Find More Valuable Insights on Data Annotation Tool Market Fact.MR, in its new offering, brings to fore an unbiased analysis of the data annotation tool market, presenting historical demand data (2015-2019) and forecast statistics for the period, 2020-2030. The study divulges compelling insights on the data annotation tool market on the basis of data type (text, image/video, and audio), annotation type (manual, semi-supervised, and automatic), vertical (IT, automotive, government, healthcare, financial services, retail, and others), and across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa). About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: Corporate Headquarter: Like it? Share it!More by this author |