Semantically annotating web services is gaining lots of attention as a significant area to support the machine-driven matchmaking and composition of web services. Therefore, the support of ontologies and tools for the semantic annotation of web services is turning into a key concern to assist the dissemination of Semantic Web services. The target of this literature review is to summarise the progress of the annotation of web services and additionally the state-of-art of the performance analysis of such annotated services by providing answers to connected analysis queries. The review identified approaches offered for semantically expanding upon functional and non-functional aspects of web services. However, many of the approaches are either not valid or the validation done lacks quality. It is to be believed that a substantial amount of effort remains to be done to realise the state of research in Semantic Web services and in evaluating the performance of them. Copyright © 2018 Inderscience Enterprises Ltd.