The Annotation Industry
The growing demand for AI has led to a booming market for data annotation services:
- Market size: Estimated at $838.2 million currently, projected to reach $10.34 billion in the next decade (Dimension Market Research).
- Workforce: While exact numbers are unclear, millions of people worldwide are engaged in data labeling work.
- Job quality: Annotation jobs vary widely in terms of pay and working conditions:
- Some roles, particularly those requiring specialized knowledge, can be well-compensated.
- Many annotators, especially in developing countries, face low wages and lack of job security.