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Data Annotation Tools Market is poised to grow substantially till 2026

Browse key industry insights spread across 230 pages with 259 market data tables and 29 figures & charts from the report, u201cData Annotation Tools Market, Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 u2013 2026u201d in detail along with the table of contents: https://www.gminsights.com/industry-analysis/data-annotation-tools-market

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Data Annotation Tools Market is poised to grow substantially till 2026

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  1. Data Annotation Tools Market Is Likely To Exceed US$5 Billion By 2026: Global Market Insights, Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. Data Annotation Tools Market Scenario: • A research report published by Global Market Insights, Inc., suggests that data annotation tools market will exceed a valuation of $5 billion by 2026. • Global data annotation tools market derives much of its growth from the rising penetration of machine learning and artificial intelligence technologies in various industry verticals. These tools are witnessing extensive adoption in healthcare, telecom, agriculture industries. • Data annotation tools industry size from the agriculture segment is projected to grow at a 30% CAGR over 2020-2026. • Text data labeling has gained significance in creating document classification algorithms and accomplishing sentiment analysis. It has also found wide-ranging applications in scrutinizing objectional materials and potential threat topics in social media handles. © 2017 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

  3. Regional Analysis of Data Annotation Tools Market : • Speaking about the regional landscape, Europe data annotation tools market is likely to experience growth spurts across the Netherlands, Germany, and Nordic countries. These countries being the frontrunners in the implementation of AI and machine learning technologies provide lucrative opportunities for data annotation tools industry growth. • Moreover, in Europe, business corporations have been amplifying focus on adoption of AI technologies. The European Commission has earmarked around $775 million for the development of AI-related projects under Horizon 2020 digital strategy. Europe data annotation tools market is likely to observe a CAGR of more than 30% over 2020-2026.

  4. Application Analysis of Data Annotation Tools Market : • Artificial intelligence has witnessed massive deployment in agricultural applications for semantic segmentation of videos & images using data labeling tools. These tools help farming robots in executing many real-time actions, including herbicide spraying, weed controlling, and automated monitoring of huge acreage farmlands • This solution enabled the company to develop advanced solutions to deal with crop diseases and pest infestations. Data annotation tools industry size from the agriculture segment is projected to grow at a 30% CAGR over 2020-2026.

  5. Competitive Market Share of Data Annotation Tools Market : • Growing adoption of data annotation tools in various end-use industries has stimulated industry players to develop novel marketing strategies to secure a niche position for themselves. • For example, in October 2018, Playment, a data labeling platform for AI, teamed up with Ouster, a leading LiDAR sensors provider, for annotation and calibration of 3D imagery captured by its sensors. Some other major data annotation tools industry players include Appen Limited, Alegion, Inc., Amazon Web Services, Inc., CloudApp, Inc., Clickworker GmbH, CloudFactory Limited, Google LLC, and Cogito amongst others.

  6. Browse Full Market Research Report On Data Annotation Tools Market@ https://www.gminsights.com/industry-analysis/data-annotation-tools-market Request for Sample Report Copy @ https://www.gminsights.com/request-sample/detail/3823

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