Scope of the Study
Annotation software is also known as screen maker software which lets the user to annotate the desktop screens and apps and then save the result. It helps in making informative presentations. The annotation tools can be used on any content where they are available such as whiteboard, picture of PowerPoint, diagrams or portion of center stage area. This tool allows the users to add, change, remove the data or information and modify the original content. In addition, it has additional features such as capturing screen, drawing on page, highlighting elements and many more.
The market study is being classified and major geographies with country level break-up.
Diigo (United States), Bounce app (India), Imagga (Bulgaria), Depomatic (France), Figure Eight (United States), Crowd AI (United States), Microwork (United States), Cogito Tech (United States), ThingLink (Finland) and Remotetasks (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Pallas_Ludens (Germany), Ginger Labs lnc. (United States), Readdle lnc. (United States), Semantic MD (United States) and The Wholly see (Israel).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Annotating Software market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Annotating Software market by Type, Application and Region.
On the basis of geography, the market of Annotating Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Adoption of the Tools by Enterprises for Accurately Labeling Vast Amount of Data
- Increasing Adoption of Annotation Software for Document Classifications
- Increasing Usage of this Software in Development of Software and Application
- Technological Advancements in Annotation Tools
- Lack of Skilled Professionals may hamper the Market
- Rising Investments in Development of Autonomous Driving Technologies
- Higher Costs Associated with Manual Data Annotation
- Inaccurate Data Labeling Because of Poor Content Quality
In November 2019, BasicFinder Beijing Technology, has launched BasicFinder HIVE which is privatized data annotation system. This system automates the labeling process for large volume LiDAR mapping datasets. This will help the market to undergo a rapid growth as automotive enterprises gradually acknowledge the benefits of high-quality labeled data to develop reliable onboard AI.
Key Target AudienceAnnotating software developers, Government associations, Research organizations, software vendors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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