What is Annotating Software Market?
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.
Highlights from Annotating Software Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) |
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 forecasted period.
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). Annotating Software Market Segmentation:
Scope | Sub-Segments |
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Annotation approach | Manual annotation,Automated Annotation |
Platform | Windows,Mac,Android,IoS |
Pricing | Monthly,Annually,One time license |
Deployment | Cloud,On premise |
Features | Private Storage,Online annotation,Shared documents and folders,Indexes,Others |
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.
Influencing Trend:
Increasing Usage of this Software in Development of Software and Application and Technological Advancements in Annotation Tools
Market Growth Drivers:
Adoption of the Tools by Enterprises for Accurately Labeling Vast Amount of Data and Increasing Adoption of Annotation Software for Document Classifications
Challenges:
Inaccurate Data Labeling Because of Poor Content Quality
Restraints:
Lack of Skilled Professionals may hamper the Market
Opportunities:
Rising Investments in Development of Autonomous Driving Technologies and Higher Costs Associated with Manual Data Annotation
Key Target Audience
Annotating software developers, Government associations, Research organizations, software vendors and Others
Market Leaders & Development Strategies
In July 2021, ThingLink introduce simple 3D model annotation. This is useful in corporate training, healthcare, marketing, and technical education. This new Launch helped company to expand its presence in annotating software market
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.