PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1182193
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1182193
Global Synthetic Data Generation Market Size study & Forecast, by Data Type, by Modeling Type, by Application, by End User and Regional Analysis, 2022-2029
Global Synthetic Data Generation Market is valued at approximately USD 123.3 million in 2021 and is anticipated to grow with a healthy growth rate of more than 34.8 % over the forecast period 2022-2029. Synthetic data generation is a technique of creating artificial that is gaining high traction in place of real data to train AI models. Synthetic data is generated algorithmically and is used to train machine learning models, validate mathematical models, and act as a stand-in for test datasets of production or operational data. The growing need to maintain data security and privacy, coupled with the rising inclination toward synthetic data to train machine learning, anti-money laundering behaviours and payment data for fraud detection are the prominent factors for the market growth.
The rapid proliferation of Artificial Intelligence (AI) is fostering the adoption of the synthetic generation of data in the global market. According to Statista, the global artificial intelligence (AI) software market generated around USD 10.1 billion in terms of sales in 2018, and it is projected to reach about USD 126 billion by 2025. Likewise, in August 2020, the White House reported unveiled the total investment of USD 1 billion in artificial intelligence and quantum computing. Thereby, the high usage of data is influencing the demand for connected devices and IoT, which, in turn, propels the demand for synthetic data to create on-demand data. Moreover, the growing investment in advanced technologies, as well as increasing initiatives by key market players are presenting various opportunities over the forecasting years. However, the rising acceptance of data accuracy is hindering the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Synthetic Data Generation Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growing focus on increased inclination toward fraud detection and the rising presence of the leading industry players such as American Express, Google's Waymo J.P. Morgan, and Amazon. Whereas, the Asia Pacific is expected to grow at the highest growth rate over the forecasting period. Factors such as rising acceptance of emerging technologies, as well as the exponential growth of various end-use industries, are burgeoning the market growth in the forecasting years.
Major market players included in this report are:
Mostly AI
Synthesis AI
Statice
YData
Ekobit d.o.o.
Hazy
Kinetic Vision, Inc.
Kymera-labs
MDClone
Neuromation
Recent Developments in the Market:
- In April 2022, Synthesis AI publicized that the company raised USD 17 million in Series A to make synthetic data for computer vision AI, carrying the total funding to above USD 24 million.
- In October 2021, Facebook announced the acquisition of AI. Reverie- a leading synthetic data platform, which aims on helping businesses to improve and scale their machine learning algorithms by creating synthetic data.
Global Synthetic Data Generation Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Data Type, Modeling Type, Application, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Data Type:
Tabular Data
Text Data
Image & Video Data
Others
By Modeling Type:
Direct Modeling
Agent-based Modeling
By Application:
Data Protection
Predictive Analytics
Natural Language Processing
Computer Vision Algorithms
Others
By End User:
BFSI
Healthcare & Life sciences
Transportation & Logistics
IT & Telecommunication
Retail & E-commerce
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
- 1.2.1. Synthetic Data Generation Market, by Region, 2019-2029 (USD Million)
- 1.2.2. Synthetic Data Generation Market, by Data Type, 2019-2029 (USD Million)
- 1.2.3. Synthetic Data Generation Market, by Modeling Type, 2019-2029 (USD Million)
- 1.2.4. Synthetic Data Generation Market, by Application, 2019-2029 (USD Million)
- 1.2.5. Synthetic Data Generation Market, by End User, 2019-2029 (USD Million)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Synthetic Data Generation Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Synthetic Data Generation Market Dynamics
- 3.1. Synthetic Data Generation Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing need to maintain data security and privacy
- 3.1.1.2. Rapid proliferation of Artificial Intelligence (AI)
- 3.1.2. Market Challenges
- 3.1.2.1. Rising acceptance for data accuracy
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing investment in advanced technologies
- 3.1.3.2. Increasing initiatives by key market players
- 3.1.1. Market Drivers
Chapter 4. Global Synthetic Data Generation Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Synthetic Data Generation Market, by Data Type
- 6.1. Market Snapshot
- 6.2. Global Synthetic Data Generation Market by Data Type, Performance - Potential Analysis
- 6.3. Global Synthetic Data Generation Market Estimates & Forecasts by Data Type 2019-2029 (USD Million)
- 6.4. Synthetic Data Generation Market, Sub Segment Analysis
- 6.4.1. Tabular Data
- 6.4.2. Text Data
- 6.4.3. Image & Video Data
- 6.4.4. Others
Chapter 7. Global Synthetic Data Generation Market, by Modeling Type
- 7.1. Market Snapshot
- 7.2. Global Synthetic Data Generation Market by Modeling Type, Performance - Potential Analysis
- 7.3. Global Synthetic Data Generation Market Estimates & Forecasts by Modeling Type 2019-2029 (USD Million)
- 7.4. Synthetic Data Generation Market, Sub Segment Analysis
- 7.4.1. Direct Modeling
- 7.4.2. Agent-based Modeling
Chapter 8. Global Synthetic Data Generation Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Synthetic Data Generation Market by Application, Performance - Potential Analysis
- 8.3. Global Synthetic Data Generation Market Estimates & Forecasts by Application 2019-2029 (USD Million)
- 8.4. Synthetic Data Generation Market, Sub Segment Analysis
- 8.4.1. Data Protection
- 8.4.2. Predictive Analytics
- 8.4.3. Natural Language Processing
- 8.4.4. Computer Vision Algorithms
- 8.4.5. Others
Chapter 9. Global Synthetic Data Generation Market, by End User
- 9.1. Market Snapshot
- 9.2. Global Synthetic Data Generation Market by End User, Performance - Potential Analysis
- 9.3. Global Synthetic Data Generation Market Estimates & Forecasts by End User 2019-2029 (USD Million)
- 9.4. Synthetic Data Generation Market, Sub Segment Analysis
- 9.4.1. BFSI
- 9.4.2. Healthcare & Life sciences
- 9.4.3. Transportation & Logistics
- 9.4.4. IT & Telecommunication
- 9.4.5. Retail & E-commerce
- 9.4.6. Others
Chapter 10. Global Synthetic Data Generation Market, Regional Analysis
- 10.1. Synthetic Data Generation Market, Regional Market Snapshot
- 10.2. North America Synthetic Data Generation Market
- 10.2.1. U.S. Synthetic Data Generation Market
- 10.2.1.1. Data Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Modeling Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Application breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. End User breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Synthetic Data Generation Market
- 10.2.1. U.S. Synthetic Data Generation Market
- 10.3. Europe Synthetic Data Generation Market Snapshot
- 10.3.1. U.K. Synthetic Data Generation Market
- 10.3.2. Germany Synthetic Data Generation Market
- 10.3.3. France Synthetic Data Generation Market
- 10.3.4. Spain Synthetic Data Generation Market
- 10.3.5. Italy Synthetic Data Generation Market
- 10.3.6. Rest of Europe Synthetic Data Generation Market
- 10.4. Asia-Pacific Synthetic Data Generation Market Snapshot
- 10.4.1. China Synthetic Data Generation Market
- 10.4.2. India Synthetic Data Generation Market
- 10.4.3. Japan Synthetic Data Generation Market
- 10.4.4. Australia Synthetic Data Generation Market
- 10.4.5. South Korea Synthetic Data Generation Market
- 10.4.6. Rest of Asia Pacific Synthetic Data Generation Market
- 10.5. Latin America Synthetic Data Generation Market Snapshot
- 10.5.1. Brazil Synthetic Data Generation Market
- 10.5.2. Mexico Synthetic Data Generation Market
- 10.6. Rest of The World Synthetic Data Generation Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Mostly AI
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Synthesis AI
- 11.2.3. Statice
- 11.2.4. YData
- 11.2.5. Ekobit d.o.o.
- 11.2.6. Hazy
- 11.2.7. Kinetic Vision, Inc.
- 11.2.8. Kymera-labs
- 11.2.9. MDClone
- 11.2.10. Neuromation
- 11.2.1. Mostly AI
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption
LIST OF TABLES
- TABLE 1. Global Synthetic Data Generation Market, report scope
- TABLE 2. Global Synthetic Data Generation Market estimates & forecasts by Region 2019-2029 (USD Million)
- TABLE 3. Global Synthetic Data Generation Market estimates & forecasts by Data Type 2019-2029 (USD Million)
- TABLE 4. Global Synthetic Data Generation Market estimates & forecasts by Modeling Type 2019-2029 (USD Million)
- TABLE 5. Global Synthetic Data Generation Market estimates & forecasts by Application 2019-2029 (USD Million)
- TABLE 6. Global Synthetic Data Generation Market estimates & forecasts by End User 2019-2029 (USD Million)
- TABLE 7. Global Synthetic Data Generation Market by segment, estimates & forecasts, 2019-2029 (USD Million)
- TABLE 8. Global Synthetic Data Generation Market by region, estimates & forecasts, 2019-2029 (USD Million)
- TABLE 9. Global Synthetic Data Generation Market by segment, estimates & forecasts, 2019-2029 (USD Million)
- TABLE 10. Global Synthetic Data Generation Market by region, estimates & forecasts, 2019-2029 (USD Million)
- TABLE 11. Global Synthetic Data Generation Market by segment, estimates & forecasts, 2019-2029 (USD Million)
- TABLE 12. Global Synthetic Data Generation Market by region, estimates & forecasts, 2019-2029 (USD Million)
- TABLE 13. Global Synthetic Data Generation Market by segment, estimates & forecasts, 2019-2029 (USD Million)
- TABLE 14. Global Synthetic Data Generation Market by region, estimates & forecasts, 2019-2029 (USD Million)
- TABLE 15. Global Synthetic Data Generation Market by segment, estimates & forecasts, 2019-2029 (USD Million)
- TABLE 16. Global Synthetic Data Generation Market by region, estimates & forecasts, 2019-2029 (USD Million)
- TABLE 17. U.S. Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 18. U.S. Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 19. U.S. Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 20. Canada Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 21. Canada Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 22. Canada Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 23. UK Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 24. UK Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 25. UK Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 26. Germany Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 27. Germany Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 28. Germany Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 29. France Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 30. France Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 31. France Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 32. Italy Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 33. Italy Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 34. Italy Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 35. Spain Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 36. Spain Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 37. Spain Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 38. RoE Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 39. RoE Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 40. RoE Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 41. China Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 42. China Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 43. China Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 44. India Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 45. India Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 46. India Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 47. Japan Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 48. Japan Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 49. Japan Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 50. South Korea Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 51. South Korea Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 52. South Korea Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 53. Australia Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 54. Australia Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 55. Australia Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 56. RoAPAC Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 57. RoAPAC Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 58. RoAPAC Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 59. Brazil Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 60. Brazil Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 61. Brazil Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 62. Mexico Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 63. Mexico Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 64. Mexico Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 65. RoLA Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 66. RoLA Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 67. RoLA Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 68. Row Synthetic Data Generation Market estimates & forecasts, 2019-2029 (USD Million)
- TABLE 69. Row Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 70. Row Synthetic Data Generation Market estimates & forecasts by segment 2019-2029 (USD Million)
- TABLE 71. List of secondary sources, used in the study of global Synthetic Data Generation Market
- TABLE 72. List of primary sources, used in the study of global Synthetic Data Generation Market
- TABLE 73. Years considered for the study
- TABLE 74. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES
List of figures
- FIG 1. Global Synthetic Data Generation Market, research methodology
- FIG 2. Global Synthetic Data Generation Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Synthetic Data Generation Market, key trends 2021
- FIG 5. Global Synthetic Data Generation Market, growth prospects 2022-2029
- FIG 6. Global Synthetic Data Generation Market, porters 5 force model
- FIG 7. Global Synthetic Data Generation Market, pest analysis
- FIG 8. Global Synthetic Data Generation Market, value chain analysis
- FIG 9. Global Synthetic Data Generation Market by segment, 2019 & 2029 (USD Million)
- FIG 10. Global Synthetic Data Generation Market by segment, 2019 & 2029 (USD Million)
- FIG 11. Global Synthetic Data Generation Market by segment, 2019 & 2029 (USD Million)
- FIG 12. Global Synthetic Data Generation Market by segment, 2019 & 2029 (USD Million)
- FIG 13. Global Synthetic Data Generation Market by segment, 2019 & 2029 (USD Million)
- FIG 14. Global Synthetic Data Generation Market, regional snapshot 2019 & 2029
- FIG 15. North America Synthetic Data Generation Market 2019 & 2029 (USD Million)
- FIG 16. Europe Synthetic Data Generation Market 2019 & 2029 (USD Million)
- FIG 17. Asia pacific Synthetic Data Generation Market 2019 & 2029 (USD Million)
- FIG 18. Latin America Synthetic Data Generation Market 2019 & 2029 (USD Million)
- FIG 19. Global Synthetic Data Generation Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
