DUBLIN, Sept. 20, 2021 /PRNewswire/ -- The "Global Data Annotation Tools Market Size, Share & Trends Analysis Report by Type (Text, Image/Video, Audio), by Annotation Type (Manual, Automatic, Semi-supervised), by Vertical, by Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The global data annotation tools market size is expected to reach USD 3.4 billion by 2028. The market is expected to expand at a CAGR of 27.1% from 2021 to 2028.
The advent of big data is expected to drive the growth of the artificial intelligence market as a large volume of information is required to be recorded, stored, and analyzed. The adoption of artificial intelligence is expected to significantly boost market growth as the annotated information acts as a catalyzer to train AI models and machine learning systems in critical areas such as speech recognition and image recognition. These tools offer AI its strength by directly providing information that is relevant to determining future outcomes and decision-making.
Currently, there is a growing trend of manufacturing autonomous vehicles in the automotive industry, which is attracting larger investments for the development of these vehicles. An autonomous vehicle includes a combination of various sensors and networking systems that assist the computer in driving the vehicle. The annotated information allows autonomous vehicle computer models to recognize and learn from it. Several technology providers such as Google LLC; Tesla Motors; Apple Inc.; and Huawei Technologies Co., Ltd. have also entered the autonomous vehicle market. The rising investments in the self-driving market are expected to drive the future demand of the data annotation market.
Market Report Highlights
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Data Annotation Tools Market Variables, Trends & Scope
Chapter 4 Data Annotation Tools: Type Outlook
Chapter 5 Data Annotation Tools: Annotation Type Outlook
Chapter 6 Data Annotation Tools: Vertical Outlook
Chapter 7 Data Annotation Tools: Regional Outlook
Chapter 8 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/xi5att
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