Data Annotation Tools Market is poised to grow substantially till 2025

1
Data Annotation Tools Market will observe
substantial demand from 2019 to 2025 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of Data Annotation Tools
Market

• North America is expected to be one of the key
  regions in the RFID market. The U.S. in
  particular has been at the forefront in
  implementing novel technologies for improving
  operational efficiency. The country holds a large
  presence of organized and leading retail players
  including Amazon, Sears, and Walmart, which will
  augment the growth of the RFID market.
• The U.S. retail sector is highly inclined toward
  effective efficient supply chain management
  with the implementation of advanced technologies.
  Moreover, the country has a large number of
  players in the market including Avery Dennison
  Corporation and Alien Technology. North America
  will have significant growth potential for the
  market.

3
Application Analysis of Data Annotation Tools
Market

• The RFID market will grow with the rising need
  for goods security. Places, such as jewelry
  shops, require high-level security for tracking
  unauthorized attempts to move items and prevent
  incidences such as theft and robbery. This
  technology offers an effective way to manage and
  track a large number of jewelry items at
  considerably lower costs with improved security.
  In August 2018, On Cheong, one of the major
  jewelry brands in Singapore implemented the
  technology in its stores to improve inventory
  tracking and boost productivity.
• The RFID market will be driven by the growing
  demand from the healthcare sector for accurate
  management of items such as patient samples,
  consumables, and medicines. It helps in the
  reduction of manual errors and enable high
  visibility. According to the RAIN RFID
  organization, medical research institutes using
  this technology have been able to reduce the
  shrinkage of expired products by almost 70.
  Hospitals have less than 1 error rate for
  tracking implanted products with a growth of
  workflow efficiency by 52. These benefits will
  significantly fuel the market growth in
  healthcare applications.

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Competitive Market Share of Data Annotation
Tools Market
The key players in the RFID market are CAEN RFID
S.r.l, Zebra, Avery Dennison, Impinj, NXP
Semiconductors, Alien Technology, and Applied
Wireless Identifications Group, Inc.. Companies
are entering into collaborations and strategic
partnerships to enhance their product offerings
and expand their businesses. For instance, in May
2019, Sensys Network announced its merger with
TagMaster to provide advanced solution in the
field of transportation. The companies will
work together to commercialize solutions for
traffic detection, tolling, parking, and vehicle
handling across the entire smart city solution
spectrum. Such mergers and acquisitions will
expand the use of this technology in various
industries, leading to the growth of the market.
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Segments
Data Annotation Tools Market, By Data Type,
2014-2025 (USD Million) o Text o Image o Video Da
ta Annotation Tools Market, By Tool Type
2014-2025 (USD Milli Manual Semi-supervised
Automatic Data Annotation Tools Market, By
End-user 2014-2025 (USD Million) Automotive He
althcare BFSI Retail Government Transporta
tion Logistics
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