Huge Demand for Data Annotation Tools

-

 


Get Sample PDF 

The Global Data Annotation Tools market accounted for US$ 695.5 million in 2017 and is projected to reach US$ 6450.0 million by 2027; it is expected to grow at a CAGR of 32.54% from 2020 to 2027.

The process of data annotation includes labeling of data which makes it usable for machine learning. Data annotation tools are an important tool for data scientists as they make use of the labelled data with machine learning algorithms. Data can be in any form such as images (from cars, phones, or medical instruments), text (in English, Spanish, Chinese, or any other language), audio and video. There are different types of annotation techniques like polygon annotation, semantic segmentation, bounding box annotation, landmark annotation, polylines annotation and 3D point cloud annotation. 


The applications of data annotation continue to grow strongly across the globe. Face detection and recognition is one of the major application of data annotation. Countries across the globe are implementing various facial technology to create social status and award penalties for public menace to its citizens. For instance, China has installed 200 million surveillance cameras, one camera for every seven of its citizens. It plans to install about 400 million new cameras by 2021 in the country. The cameras are installed for security and traffic control purposes.



Get Sample PDF 


Comments

Post a Comment

Popular posts from this blog

What will AI-powered Storage be able to do in the future?

-
Image
The AI-powered storage is anticipated to register decent growth in the forecast period owing to driving factors such as growth in data volumes coupled with increasing adoption of cloud-based services. Also, increasing demand for artificial intelligence in high performance computing data centers is influencing the market growth. However, data-security concerns associated with cloud and server-based services may hamper the growth of the AI-powered storage market during the forecast period. On the other hand, cross-industry partnerships and collaborations offer lucrative opportunities for the market players in the coming years. Get Sample PDF The "Global AI-powered Storage Analysis to 2027" is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of AI-powered storage market with detailed market segmentation by offering, storage medium, storage sy...
Read more

Huge Demand for Spreadsheet Software

-
Image
  Get Sample PDF Spreadsheet software is the tool that organizes, catalogs, and maintains the data in easy-to-understand graphs and charts. This software collects data that can be used for analysis, real-time collaboration, and visual representations. Thereby, the rising use of this software by individuals and enterprises drives the growth of the spreadsheet software market growth over the forecast period. Spreadsheet software provides management solutions that can be integrated into development teams, marketing, accounting, etc. Thus, a wide range of this application among various departments across the industries is booming the demand for spreadsheet software market growth. However, the availability of an open-source tool is the key hindering factor for the spreadsheet software market growth. Moreover, an increase in the number of small and medium-sized enterprises across the globe and growing deployment of cloud-based deployment owing to its cost-effective solution is expected t...
Read more

For knowing more Luxury Goods

-
Image
  Luxury goods include designer apparels, ornaments, and other expensive merchandises that are typically accessible to the wealthy and often indicate status. The global luxury goods market is expected to reach $428,509 million by 2022, registering a CAGR of 3.8% during the forecast period. Get PDF Brochure The rise in disposable income has elevated the consumer lifestyle and shifted their preference towards deluxe cosmetics products. Moreover, the escalation in demand for luxury accessories and jewelry due to unique craftsmanship, refinement, quality, and brand name, further fuel the market. In addition, upgradation in product packaging styles and attractive marketing strategies by key players drive this market. However, currency depreciation, increased prices of raw materials, and economic turbulence in some developed countries could hamper the market growth. This market is segmented on the basis of product type, mode of sale, gender, and geography. The product type segment includ...
Read more