The Data Annotation and Labeling Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Data Annotation and Labeling Market?
The market size for data annotation and labeling has seen significant growth recently, expanding from $1.7 billion in 2024 to a projected $2.26 billion in 2025. This represents a compound annual growth rate (CAGR) of 32.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Data Annotation and Labeling Industry?
The global market for data annotation and labeling is predicted to reach $7.01 billion by 2029, with a compound annual growth rate (CAGR) of 32.8%.
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What are the Key Growth Drivers Fueling the Data Annotation and Labeling Market?
The key drivers in the data annotation and labeling market are:
• Rising utilization of Machine Learning and Artificial Intelligence
• Emergence and greater acceptance of Internet of Things (IoT)
• Increased use of cloud-based solutions
• Development of new products, technological innovations, and strategic partnerships
Global Market Segmentation: Identifying Major Data Annotation and Labeling Industry Segments
The data annotation and labeling market covered in this report is segmented –
1) By Component: Solution, Service
2) By Data Type: Text, Image, Video, Audio
3) By Annotation Type: Manual, Automatic, Semi-Supervises
4) By Application: Dataset Management, Security And Compliance, Data Quality Control, Workforce Management, Content Management, Catalog Management, Sentiment Analysis, Other Applications
5) By Verticals: Banking Financial Services And Insurance (BFSI), Information Technology And Information Technology Enabled Services (ITES), Healthcare And Life science, Telecom, Government Defense And Public Agencies, Retail and Consumer Goods, Automotive, Other Verticals
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What are the Emerging Trends Shaping the Future of the Data Annotation and Labeling Market?
The key trends in the data annotation and labeling market are:
• The use of Machine Learning (ML) and Artificial Intelligence (AI) is becoming more prevalent in the data annotation and labeling market.
• The emergence of Internet of Things (IoT) is a significant trend influencing the market.
• The market is increasingly adopting cloud-based solutions for data annotation and labeling.
• Strategic partnerships, technological advancements, and product innovations are key emerging trends.
Who Are the Top Competitors & Leading Players in the Data Annotation and Labeling Market?
Major companies in the data annotation and labeling market are:
• Google LLC
• Amazon Web Services Inc.
• The International Business Machines Corporation
• Oracle Corporation
• Adobe Inc.
• Allegion PLC
• TELUS International
• Appen Ltd
• Scale AI Inc
• CloudFactory Limited
• Anolytics
• CapeStart Inc.
• Clickworker
• DataPure Technologies
• Amantya Technologies
• Labelbox Inc.
• LXT AI Inc.
• Keylabs.ai LTD.
• Dataloop AI
• Precise BPO Solution
• SuperAnnotate
• Label Your Data
• V7 Labs
• Cogito Tech LLC
• AI Data innovation
• Sigma AI
• LightTag
• Datasur N.V.
• Kili technology Corp.
• Segment AI
Regional Dominance: Which Area Leads the Global Data Annotation and Labeling Market?
North America was the largest region in the data annotation and labeling market in 2024
