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This research report provides an overview of the data annotation and labeling market, including its components, data types, applications, deployment types, organization sizes, annotation types, verticals, and regions. It also projects the market to reach a value of 3.6 billion by 2027, with a CAGR of 33.2% during the forecast period. The report highlights the increasing importance of data efficiency in light of emerging trends in technologies such as artificial intelligence, machine learning, Internet of Things, and robotics. The healthcare and life sciences vertical is expected to register the highest growth in this market.