Global Synthetic Data Generation Market Size & Outlook
Global synthetic data generation market, 2018-2030 (US$M)
Related Markets
Global synthetic data generation market highlights
- The global synthetic data generation market generated a revenue of USD 218.3 million in 2023 and is expected to reach USD 1,788.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 35% by 2030.
- In terms of segment, healthcare accounted for a revenue of USD 50.4 million in 2023.
- Retail & E-commerce is the most lucrative end-user segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 218.3 million |
| Market revenue in 2030 | USD 1,788.1 million |
| Growth rate | 35% (CAGR from 2023 to 2030) |
| Largest segment | Healthcare |
| Fastest growing segment | Retail & E-commerce |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | BFSI, IT & Telecommunication, Healthcare, Retail & E-commerce |
Other key industry trends
- In terms of revenue, the North America accounted for 29.9% of the global synthetic data generation market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 337.9 million by 2030.
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Synthetic Data Generation Market Scope
Synthetic Data Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global synthetic data generation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to synthetic data generation market will help companies and investors design strategic landscapes.
Healthcare was the largest segment with a revenue share of 23.09% in 2023. Horizon Databook has segmented the Global synthetic data generation market based on bfsi, it & telecommunication, healthcare, retail & e-commerce covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Synthetic Data Generation End-user Outlook (Revenue, USD Million, 2018-2030)
- BFSI
- IT & Telecommunication
- Healthcare
- Retail & E-commerce
- Others
- Global Synthetic Data Generation Data Type Outlook (Revenue, USD Million, 2018-2030)
- Text
- Image/Video
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global synthetic data generation market , including forecasts for subscribers. This global databook contains high-level insights into Global synthetic data generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global synthetic data generation market size, by region, 2018-2030 (US$M)
Top 10 countries by Synthetic Data Generation Market revenue, 2023 (US$M)
Global synthetic data generation market share, by end-user, 2023 & 2030 (%, US$M)
Synthetic data generation market: Opportunity assessment by country
Global synthetic data generation market, by region, 2023 (US$M)
| End-user | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 5.3 | 6.9 | 9.1 | 12.0 | 15.8 | 21.0 | 27.9 | 37.3 | 50.0 | 67.2 | 90.6 | 122.3 | 165.2 | 34.3% |
| Europe | 13.7 | 18.2 | 24.2 | 32.3 | 43.3 | 58.2 | 78.5 | 106.4 | 144.6 | 197.1 | 269.6 | 369.2 | 506.2 | 36.2% |
| North America | 17.9 | 23.0 | 29.7 | 38.5 | 50.1 | 65.3 | 85.4 | 112.1 | 147.7 | 195.0 | 258.2 | 342.1 | 453.7 | 31.9% |
| MEA | 1.9 | 2.5 | 3.3 | 4.3 | 5.6 | 7.4 | 9.7 | 12.9 | 17.1 | 22.8 | 30.4 | 40.7 | 54.6 | 33.1% |
| Asia Pacific | 15.0 | 20.1 | 27.0 | 36.3 | 49.1 | 66.5 | 90.4 | 123.5 | 169.0 | 232.1 | 319.7 | 440.8 | 608.5 | 37.2% |
| Overall | 53.8 | 70.7 | 93.2 | 123.3 | 163.9 | 218.3 | 292.0 | 392.2 | 528.4 | 714.0 | 968.4 | 1,315.2 | 1,788.1 | 35.0% |
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