Data Annotation Service Market
Data Annotation Service Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Data Annotation Service Market Size and Growth
The Data Annotation Service market is experiencing significant growth, driven by increasing demand for machine learning applications across various sectors. As of 2023, the market size is projected to exceed USD 1.2 billion, with an annual growth rate of over 25%. Key factors include advancements in AI technologies and the need for accurate training datasets.
Companies Covered
(Covid 19 Impact Covered)
◍ Appen Limited
◍ CloudApp
◍ Cogito Tech LLC
◍ Deep Systems
◍ Labelbox, Inc.
◍ LightTag
◍ Lotus Quality Assurance
◍ Playment Inc.
◍ CloudFactory Limited
The Data Annotation Service Market features companies like Appen Limited and CloudFactory, which offer comprehensive labeling solutions. Others like Labelbox and Playment focus on scalable data management. These companies enhance market growth by providing high-quality, specialized annotations for AI training, improving accuracy and efficiency.
Sales revenue figures:
- Appen Limited: $215 million
- CloudFactory Limited: $50 million (estimated)
- Labelbox, Inc.: $20 million (estimated)
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Market Segmentation
By Application
Government
Enterprise
Others
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By Product
Text
Image
Others
$ 3437.50 Billion
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