Automated Data Annotation Tool Market to Witness a Pronounce Growth During (2020-2030)

 

Global Automated Data Annotation Tool Market: Introduction

Automated data annotation is an automated process of labeling data to make it usable for machine learning and the data includes images (from cars, phones, or medical instruments), text (in English, Spanish, Chinese, or any other language), audio, video, 3D models from MRIs and CAT scans, tabular data, time series data and LIDAR data, RADAR data, or data from other sensors.

For Right Perspective & Competitive Insights on Automotive Brake Override System Market, Request for a Sample

Global Automated Data Annotation Tool Market – Dynamics

Access to Specialized Resources and Skills

One of the major driving factors of an automated data annotation tool is it empowers the company to gain specialized expertise in machine learning. Machine learning based trained AI models or automated applications provide a totally different and seamless experience for end-users. For instance, in virtual assistance, speech recognition technology is used with the help of natural language process to understand the human language and communication.

Unawareness among SMEs

Regions such as South America and Asia Pacific face strong technological and digital gaps which leads to unawareness among business enterprises. The level of awareness among SMEs or micro businesses to smoothly run automated data annotation tools at a remote location is not very effective. Ignorance about automated data annotation tools and low skilled personnel with regards to machine learning within SMEs in these regions is hampering the growth of the market.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

North America to Dominate the Global Automated Data Annotation Tool Market

In terms of region, the global automated data annotation tool market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the automated data annotation tool market during the forecast period due to its strong growth in machine learning and its applicability in many devices.

COVID-19 Impact on the Global Automated Data Annotation Tool Market

The COVID-19 pandemic is expected to moderately impact the global automated data annotation tool market for a short-term period. Lockdown and slow growth during this period has reduced the amount of expenditure and investment in this technology.

Global Automated Data Annotation Tool Market – Competition Landscape

  • In January 2020, IBM Corporation launched an annotation tool which taps AI to label images. The launch will help to develop easy and collaborative open source image annotation tools for teams and individuals.

IBM Corporation

Incorporated in 1911, IBM manufactures and sells computer hardware and software and offers infrastructure services, hosting services, and consulting services in areas ranging from mainframe computers to nanotechnology. The company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems, and Global Financing.

Global Automated Data Annotation Tool Market: Segmentation

The global automated data annotation tool market can be segmented based on:

  • Type
  • Application
  • Region

Global Automated Data Annotation Tool Market, by Type

Based on type, the global automated data annotation tool market can be divided into:

  • Text Annotation Tool
  • Image Annotation Tool
  • Other

Global Automated Data Annotation Tool Market, by Application

In terms of application, the global automated data annotation tool market can be segregated into:

  • Commercial
  • Personal

Regional analysis of the global automated data annotation tool market includes:

  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Russia
    • Italy
    • Spain
    • Nordics
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Singapore
    • Malaysia
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Get Our Trending Research Report Below:

  1. Dramatic Shifts in Consumer Landscape Impacting Growth Dynamics in Small Domestic Appliances Market: Transparency Market Research
  2. Global Blister Packaging Equipment Market to Reach Valuation of ~US$ 3 Bn by End of 2025, Predicts TMR

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Comments

Post a Comment

Popular posts from this blog

Automotive Jacks Market Report 2020 Global Industry Size, Segment By Key Companies, Types, Applications

Image
  Automotive Jacks: Introduction An automotive jack is a mechanical device mainly used to lift heavy loads by applying less force. It is used to adjust, lift, and position the automotive in diverse situations. Automotive jacks are also used to lift a truck or any other vehicle for changing its tires. Automotive jacks are of six types: floor jacks, scissor jacks, hydraulic bottle jacks, hi-lift jacks, high tonnage jacks, and forklift jacks. Automotive jacks offer certain advantages over mechanical jacks. They are easier to use and occupy less space and are effective for use with heavy loads. The global automotive jacks market is projected to expand at a rapid pace during the forecast period, due to their increased demand in the automotive industry. Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=75637 Global Automotive Jacks Market: Dynamics Global...
Read more

Cling Film Market Present Scenario and Growth Prospects, 2020-2030

Image
  Cling films are the plastic coatings found in the food packaging. Cling films has globally transformed the packaging in food and beverages market, owing to the increasing need for innovative packaging solutions in the food & beverage industry. Cling films are the soft plastic wraps of polyvinylidene chloride (PVC). Cling film coating is preferred as it majorly contributes to the health and hygiene of the food article, also preventing it from contaminants and preserving it. Furthermore, the cling films are considered as a cost effective way for food presentation. The global cling films market is expected to register a healthy growth rate during the forecast period. The global cling films market is primarily driven by the eminent properties of cling films, which in turn is augmenting the demand for cling films in food and beverage industries. Cling films are permeable to water vapor and oxygen, which in turn extends the shelf life of the product or increases the peak freshness ...
Read more

Data Historian Market 2020-2030: Trends, Opportunities and Industry Projections

Image
  Global Data Historian Market: Snapshot Growing requirement for consolidated data for process and performance enhancement is one of the key factors driving the growth of the global data historian market. Data historian is also known as operational historian or process historian. It finds application in wide range of industries including marine, oil and gas, paper and pulp, chemicals and pharmaceuticals, utilities, data centers, metal and mining, and others (infrastructure, food and beverages, railways, and heavy engineering and automotive). Thus, growing demand from all these sectors will stimulate prodigious sales avenues for vendors working in the global data historian market during the forecast period of 2020 to 2030. An upcoming research report from TMR on the data historian market intends to provide comprehensive analysis of key elements such as drivers, restraints, challenges, and opportunities in this market. In addition, this report offers reliable data on volume, shares, ...
Read more