Market Overview:
The global image annotation tool market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for image annotation tools from commercial and personal users. Additionally, the growing trend of digitalization is also contributing to the growth of this market. However, lack of awareness about image annotation tools among end-users may restrain the growth of this market during the forecast period.
Product Definition:
An image annotation tool is a software application that allows users to add annotations, or notes, to digital images. Annotations can include text descriptions, arrows and lines, and other types of markings. Image annotation tools are often used by researchers and students who need to add notes to images for documentation or study purposes.
Automated Annotation Tool:
An automated annotation tool is a computer program that inputs data and annotations into an image. The most common use of this tool is for labeling the images in online databases. Also, it can be used by researchers to add information about the images in their research papers. This technology has been around for quite some time; however, only recently have companies started developing products based on this technology to make it more accessible and useful for researchers as well as students.
Manual Annotation Tool:
Manual annotation tool is used to mark or label any specific information in an image. The image can be a still picture from a video or it can be the moving images too. It's also used for drawing and marking in pictures, diagrams, maps etc.
The manual annotation tool market is segmented on the basis of application areas.
Application Insights:
The commercial use segment dominated the global image annotation tool market in 2017, accounting for over 60.0% share of the total revenue. The growth can be attributed to increasing adoption of image recognition tools by companies and organizations for various applications such as product labeling, package designing, and content analysis. For instance, Amazon uses AI-enabled photo identification software to suggest products that might interest customers viewing images from their smartphones or cameras uploaded on Amazon¢â‚¬â„¢s website. Similarly, Facebook uses AI technology to recognize people¢â‚¬â„¢s faces in photos and suggests friends who are tagged in the photo with corresponding names using neural networks technology. Such examples illustrate how image recognition is being increasingly used for commercial purposes without human intervention required previously.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of image annotation tools available for download from internet. The region is expected to maintain its dominance over the forecast period due to increasing adoption of image annotation tools by researchers and medical practitioners for research purposes. Europe also held a significant share in this market, mainly driven by Germany and U.K., where companies are focusing on developing innovative solutions based on AI technology that can be used across various industries such as healthcare, legal services, media & entertainment, among others.
Asia Pacific is anticipated to grow at an exponential rate during the forecast period owing to rising demand for annotating software applications developed using artificial intelligence technologies in countries such as China and India among other Asian countries. Moreover, growing investments by governments in developing economies coupled with increasing awareness about advanced technologies are some factors driving regional growth during the forecast period (2018-2030). For instance; In March 2018; Baidu Inc.
Growth Factors:
- Increasing demand for image annotation tool from the e-commerce sector for product tagging and categorization.
- Proliferation of big data and the need for efficient data management solutions is expected to drive the demand for image annotation tool over the forecast period.
- The increasing use of images in marketing and advertising is also expected to fuel the growth of this market during the forecast period.
- Growing popularity of social media platforms is also anticipated to boost growth of this market in coming years.
- Increasing adoption rate of cloud-based solutions among small and medium businesses is another key factor that would propel growth prospects for this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Image Annotation Tool Market Research Report
By Type
Automated Annotation Tool, Manual Annotation Tool
By Application
Commercial Use, Personal Use
By Companies
CloudApp, iMerit, Playment, Trilldata Technologies, Amazon Web Services, LionBridge AI, Mighty AI, Samasource, Google, Labelbox, Webtunix AI, Appen, CloudFactory, IBM, Neurala, Alegion, Cogito, Scale, Clickworker GmbH, MonkeyLearn, Hive
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Image Annotation Tool Market Report Segments:
The global Image Annotation Tool market is segmented on the basis of:
Types
Automated Annotation Tool, Manual Annotation Tool
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Use, Personal Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CloudApp
- iMerit
- Playment
- Trilldata Technologies
- Amazon Web Services
- LionBridge AI
- Mighty AI
- Samasource
- Google
- Labelbox
- Webtunix AI
- Appen
- CloudFactory
- IBM
- Neurala
- Alegion
- Cogito
- Scale
- Clickworker GmbH
- MonkeyLearn
- Hive
Highlights of The Image Annotation Tool Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Automated Annotation Tool
- Manual Annotation Tool
- By Application:
- Commercial Use
- Personal Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Image Annotation Tool Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An image annotation tool is a software application that helps users annotate and identify objects in images.
Some of the major companies in the image annotation tool market are CloudApp, iMerit, Playment, Trilldata Technologies, Amazon Web Services, LionBridge AI, Mighty AI, Samasource, Google, Labelbox, Webtunix AI, Appen, CloudFactory, IBM, Neurala, Alegion, Cogito, Scale, Clickworker GmbH, MonkeyLearn, Hive.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Image Annotation Tool Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Image Annotation Tool Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Image Annotation Tool Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Image Annotation Tool Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Image Annotation Tool Market Size & Forecast, 2018-2028
4.5.1 Image Annotation Tool Market Size and Y-o-Y Growth
4.5.2 Image Annotation Tool Market Absolute $ Opportunity
Chapter 5 Global Image Annotation Tool Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Image Annotation Tool Market Size Forecast by Type
5.2.1 Automated Annotation Tool
5.2.2 Manual Annotation Tool
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Image Annotation Tool Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Image Annotation Tool Market Size Forecast by Applications
6.2.1 Commercial Use
6.2.2 Personal Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Image Annotation Tool Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Image Annotation Tool Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Image Annotation Tool Analysis and Forecast
9.1 Introduction
9.2 North America Image Annotation Tool Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Image Annotation Tool Market Size Forecast by Type
9.6.1 Automated Annotation Tool
9.6.2 Manual Annotation Tool
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Image Annotation Tool Market Size Forecast by Applications
9.10.1 Commercial Use
9.10.2 Personal Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Image Annotation Tool Analysis and Forecast
10.1 Introduction
10.2 Europe Image Annotation Tool Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Image Annotation Tool Market Size Forecast by Type
10.6.1 Automated Annotation Tool
10.6.2 Manual Annotation Tool
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Image Annotation Tool Market Size Forecast by Applications
10.10.1 Commercial Use
10.10.2 Personal Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Image Annotation Tool Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Image Annotation Tool Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Image Annotation Tool Market Size Forecast by Type
11.6.1 Automated Annotation Tool
11.6.2 Manual Annotation Tool
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Image Annotation Tool Market Size Forecast by Applications
11.10.1 Commercial Use
11.10.2 Personal Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Image Annotation Tool Analysis and Forecast
12.1 Introduction
12.2 Latin America Image Annotation Tool Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Image Annotation Tool Market Size Forecast by Type
12.6.1 Automated Annotation Tool
12.6.2 Manual Annotation Tool
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Image Annotation Tool Market Size Forecast by Applications
12.10.1 Commercial Use
12.10.2 Personal Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Image Annotation Tool Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Image Annotation Tool Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Image Annotation Tool Market Size Forecast by Type
13.6.1 Automated Annotation Tool
13.6.2 Manual Annotation Tool
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Image Annotation Tool Market Size Forecast by Applications
13.10.1 Commercial Use
13.10.2 Personal Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Image Annotation Tool Market: Competitive Dashboard
14.2 Global Image Annotation Tool Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CloudApp
14.3.2 iMerit
14.3.3 Playment
14.3.4 Trilldata Technologies
14.3.5 Amazon Web Services
14.3.6 LionBridge AI
14.3.7 Mighty AI
14.3.8 Samasource
14.3.9 Google
14.3.10 Labelbox
14.3.11 Webtunix AI
14.3.12 Appen
14.3.13 CloudFactory
14.3.14 IBM
14.3.15 Neurala
14.3.16 Alegion
14.3.17 Cogito
14.3.18 Scale
14.3.19 Clickworker GmbH
14.3.20 MonkeyLearn
14.3.21 Hive
