Data annotation tools enable users to enhance the value of data by adding attribute tags to it or labeling it. The key benefit of using such tools is that the combination of data attributes enables users to manage the data definition at a single location and eliminates the need to rewrite similar rules in multiple places. 
This report contains market size and forecasts of Data Annotation Tool in Global, including the following market information:
Global Data Annotation Tool Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Data Annotation Tool market was valued at 486.9 million in 2021 and is projected to reach US$ 1567.1 million by 2028, at a CAGR of 18.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Text Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Data Annotation Tool include Annotate, Appen Limited, CloudApp, Cogito Tech LLC, Deep Systems, Labelbox, Inc., LightTag, Lotus Quality Assurance and Playment Inc. and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Data Annotation Tool companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Data Annotation Tool Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Data Annotation Tool Market Segment Percentages, by Type, 2021 (%)
Text
Image
Others
Global Data Annotation Tool Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Data Annotation Tool Market Segment Percentages, by Application, 2021 (%)
government
enterprise
Others
Global Data Annotation Tool Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Data Annotation Tool Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Data Annotation Tool revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Data Annotation Tool revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Annotate
Appen Limited
CloudApp
Cogito Tech LLC
Deep Systems
Labelbox, Inc.
LightTag
Lotus Quality Assurance
Playment Inc.
CloudFactory Limited