Image Tagging & Annotation Services Market: Introduction
Transparency Market Research delivers key insights on the global image tagging & annotation services market. In terms of revenue, the global image tagging & annotation services market is estimated to expand at a CAGR of ~17% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global image tagging & annotation services market.
Image tagging & annotation is the labeling of images to be utilized as Artificial Intelligence (AI) training data. Image tagging & annotation services provide users with annotated images with their requested labels. These labels are programmed by AI professionals and selected to provide the computer vision model information regarding what is displayed in the image or a picture. Nowadays, image annotation & tagging services are becoming an essential part of AI & ML companies across various industries such as retail, eCommerce, automobile, fashion, and healthcare.
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The global image tagging & annotation services market is broadly affected by several factors, including usage of image tagging & annotation services in the BFSI sector and increasing applications in the healthcare sector. Thus, expanding application of image tagging & annotation services in different sectors is propelling the global market for image tagging & annotation services.
Image Tagging & Annotation Services Market: Prominent Regions
The image tagging & annotation services market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and growth of healthcare and automotive sectors in the region. North America is projected to generate demand for smart machines and services that employ image tagging & annotation tools. The image tagging & annotation services market in Europe is projected to witness favorable growth during the forecast period, due to significant expansion of the automotive sector in the region. The Asia Pacific image tagging & annotation services market is likely to expand during the forecast period, owing to digitalization of the sector and increasing demand for self-driving vehicles and connected cars in the region.
