Press release
Artificial Intelligence (AI) Growth Paving the Way for a USD 1874.11 Million Synthetic Data Generation Market by 2030
Advancing AI Stimulates Market Boom, Privacy concerns and the need for innovative, cost-effective data augmentation techniques have further accelerated the market's growth trajectory.
The Synthetic Data Generation Market, valued at USD 165.9 million in 2022, is forecasted to exhibit a staggering CAGR of 35.4% from 2023 to 2030, reaching a monumental valuation of USD 1874.11 million by the end of the decade, as indicated by the SNS Insider report.
Market Scope:
Synthetic data generation involves algorithmically creating data that isn't rooted in real-world occurrences. This artificial yet realistic data is crafted through statistical modeling and simulation tools, revolutionizing the AI training landscape. Industry players are increasingly adopting synthetic data to address privacy concerns, comply with regulations like GDPR, and overcome data scarcity limitations. This innovative approach aids in training models, reducing costs, and ensuring preparedness before actual data availability.
Get a Sample of Synthetic Data Generation Market Report @ https://www.snsinsider.com/sample-request/3255
Key Players:
The major key players in the Synthetic Data Generation Market are Amazon, Inc., Microsoft Corporation, Gretel Labs, Mostly AI, NVIDIA Corporation, CVEDIA Inc., Synthesis AI, IBM Corporation, Datagen, Meta and other players.
Market Analysis:
The Synthetic Data Generation Market is witnessing a meteoric rise driven by the escalating demand for privacy-compliant data solutions amid stringent regulations like GDPR and CCPA. Industries grappling with data scarcity and privacy concerns are increasingly turning to synthetic data, a privacy-preserving alternative mirroring real data. This market evolution addresses critical challenges in AI training, data privacy, and compliance, empowering organizations to navigate complex data landscapes. The surge in demand spans industries like BFSI and healthcare, emphasizing fraud detection, risk analysis, and clinical research. Overall, the market's growth is emblematic of its pivotal role in shaping ethical, compliant, and technologically advanced AI ecosystems.
Segment Analysis:
The market segments, including tabular data, test data management, and industry verticals like BFSI and healthcare, showcase distinct dominance. Tabular data, created using a Generative Adversarial Network (GAN), is seeing remarkable growth due to its structured format and heightened privacy features. Test data management reigns supreme in applications, offering superior data quality for testing and validation, thus enhancing product quality and reducing time-to-market. Meanwhile, BFSI and healthcare industries leverage synthetic data for fraud detection, risk analysis, clinical trials, and scientific research, driving their dominance in the market.
Market Segmentation and Sub-Segmentation Included Are:
By Data Type:
• Tabular Data
• Text Data
• Image and Video Data
• Others
By Application:
• AI Training and Development
• Test Data Management
• Data Sharing and Retention
• Data Analytics
• Others
By Industry Vertical:
• BFSI
• Healthcare
• Life Sciences
• Transportation
• Logistic
• Government
• Defense
• IT
• Telecommunication
• Manufacturing
• Others
Key Regional Development:
North America leads the market share due to its dense concentration of AI startups and high-tech companies driving research and development. Meanwhile, Asia Pacific's burgeoning technology penetration and Europe's strategic focus on synthetic data capabilities contribute to their anticipated substantial growth in the market.
Enquire about the report @ https://www.snsinsider.com/enquiry/3255
Key Takeaways:
• Synthetic data generation emerges as a pivotal solution for privacy compliance and data scarcity issues.
• Dominance in tabular data and test data management highlights evolving industry needs.
• Regional growth is fueled by technological advancements and strategic investments.
Recent Developments:
• In June 2023, Seeing Machine Limited partnered with Devant AB to bolster transport safety by integrating innovative in-cabin sensing technology.
• Synthesis AI's launch of a new enterprise synthetic dataset Databricks' acquisition of Okera and the partnership between Microsoft and OpenAI further emphasize the market's evolution and the strides made in AI technology and data governance.
Get complete report details @ https://www.snsinsider.com/reports/synthetic-data-generation-market-3255
Table of Contents:
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1. COVID-19 Impact Analysis
4.2. Impact of Ukraine- Russia war
4.3. Impact of Ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Synthetic Data Generation Market, by Data Type
9. Synthetic Data Generation Market, by Application
10. Synthetic Data Generation Market, by Industry Vertical
11. Regional Analysis
12. Company Profile
13. Competitive Landscape
14. USE Cases and Best Practices
15. Conclusion
Buy Complete PDF of Synthetic Data Generation Market Report @ https://www.snsinsider.com/checkout/3255
Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com
Office No. 305-B, Arissa Avenue, Fountain Road, Kharadi, Pune, Maharashtra 411014
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we're proud to be recognized as one of the world's top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.
The Synthetic Data Generation Market, valued at USD 165.9 million in 2022, is forecasted to exhibit a staggering CAGR of 35.4% from 2023 to 2030, reaching a monumental valuation of USD 1874.11 million by the end of the decade, as indicated by the SNS Insider report.
Market Scope:
Synthetic data generation involves algorithmically creating data that isn't rooted in real-world occurrences. This artificial yet realistic data is crafted through statistical modeling and simulation tools, revolutionizing the AI training landscape. Industry players are increasingly adopting synthetic data to address privacy concerns, comply with regulations like GDPR, and overcome data scarcity limitations. This innovative approach aids in training models, reducing costs, and ensuring preparedness before actual data availability.
Get a Sample of Synthetic Data Generation Market Report @ https://www.snsinsider.com/sample-request/3255
Key Players:
The major key players in the Synthetic Data Generation Market are Amazon, Inc., Microsoft Corporation, Gretel Labs, Mostly AI, NVIDIA Corporation, CVEDIA Inc., Synthesis AI, IBM Corporation, Datagen, Meta and other players.
Market Analysis:
The Synthetic Data Generation Market is witnessing a meteoric rise driven by the escalating demand for privacy-compliant data solutions amid stringent regulations like GDPR and CCPA. Industries grappling with data scarcity and privacy concerns are increasingly turning to synthetic data, a privacy-preserving alternative mirroring real data. This market evolution addresses critical challenges in AI training, data privacy, and compliance, empowering organizations to navigate complex data landscapes. The surge in demand spans industries like BFSI and healthcare, emphasizing fraud detection, risk analysis, and clinical research. Overall, the market's growth is emblematic of its pivotal role in shaping ethical, compliant, and technologically advanced AI ecosystems.
Segment Analysis:
The market segments, including tabular data, test data management, and industry verticals like BFSI and healthcare, showcase distinct dominance. Tabular data, created using a Generative Adversarial Network (GAN), is seeing remarkable growth due to its structured format and heightened privacy features. Test data management reigns supreme in applications, offering superior data quality for testing and validation, thus enhancing product quality and reducing time-to-market. Meanwhile, BFSI and healthcare industries leverage synthetic data for fraud detection, risk analysis, clinical trials, and scientific research, driving their dominance in the market.
Market Segmentation and Sub-Segmentation Included Are:
By Data Type:
• Tabular Data
• Text Data
• Image and Video Data
• Others
By Application:
• AI Training and Development
• Test Data Management
• Data Sharing and Retention
• Data Analytics
• Others
By Industry Vertical:
• BFSI
• Healthcare
• Life Sciences
• Transportation
• Logistic
• Government
• Defense
• IT
• Telecommunication
• Manufacturing
• Others
Key Regional Development:
North America leads the market share due to its dense concentration of AI startups and high-tech companies driving research and development. Meanwhile, Asia Pacific's burgeoning technology penetration and Europe's strategic focus on synthetic data capabilities contribute to their anticipated substantial growth in the market.
Enquire about the report @ https://www.snsinsider.com/enquiry/3255
Key Takeaways:
• Synthetic data generation emerges as a pivotal solution for privacy compliance and data scarcity issues.
• Dominance in tabular data and test data management highlights evolving industry needs.
• Regional growth is fueled by technological advancements and strategic investments.
Recent Developments:
• In June 2023, Seeing Machine Limited partnered with Devant AB to bolster transport safety by integrating innovative in-cabin sensing technology.
• Synthesis AI's launch of a new enterprise synthetic dataset Databricks' acquisition of Okera and the partnership between Microsoft and OpenAI further emphasize the market's evolution and the strides made in AI technology and data governance.
Get complete report details @ https://www.snsinsider.com/reports/synthetic-data-generation-market-3255
Table of Contents:
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1. COVID-19 Impact Analysis
4.2. Impact of Ukraine- Russia war
4.3. Impact of Ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Synthetic Data Generation Market, by Data Type
9. Synthetic Data Generation Market, by Application
10. Synthetic Data Generation Market, by Industry Vertical
11. Regional Analysis
12. Company Profile
13. Competitive Landscape
14. USE Cases and Best Practices
15. Conclusion
Buy Complete PDF of Synthetic Data Generation Market Report @ https://www.snsinsider.com/checkout/3255
Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website: https://www.snsinsider.com
Office No. 305-B, Arissa Avenue, Fountain Road, Kharadi, Pune, Maharashtra 411014
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we're proud to be recognized as one of the world's top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
