Asia Pacific Synthetic Data Generation Market Size & Outlook
Asia Pacific synthetic data generation market, 2018-2030 (US$M)
Related Markets
Asia Pacific synthetic data generation market highlights
- The Asia Pacific synthetic data generation market generated a revenue of USD 66.5 million in 2023.
- The market is expected to grow at a CAGR of 37.2% from 2024 to 2030.
- In terms of segment, healthcare was the largest revenue generating end-user in 2023.
- Retail & E-commerce is the most lucrative end-user segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 66.5 million |
| Market revenue in 2030 | USD 608.5 million |
| Growth rate | 37.2% (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 |
| Key market players worldwide | Ekobit, MOSTLY AI, Synthesis AI, Statice, YData, Hazy, Kymera Labs, MDClone, Neuromation.io, Twenty Billion Neurons, Datagen Technologies, Informatica Inc, Kinetic Vision |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.5% of the global synthetic data generation market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 608.5 million by 2030.
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Synthetic Data Generation Market Scope
Synthetic Data Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 23.16% in 2023. Horizon Databook has segmented the Asia Pacific 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.
In the Asia Pacific, the market is anticipated to register the highest CAGR over the forecast period. Developing countries such as India and China are expected to increase the demand for technology rollout and strategies to create consistent and effective synthetic data generation in the Asia-Pacific region.
Furthermore, Asia-Pacific is predicted to gain the most during the projection period. This is due to an increase in the usage of cloud-based services and improved technology, which both drive the growth of the synthetic data generation market in this region.
Majority of China's AI market is covered by the retail, finance, and high-tech industries, with significant adoption of AI. China’s popular brands, Byte Dance and Alibaba are renowned for their highly specialized AI-driven consumer applications.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific synthetic data generation market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific synthetic data generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific synthetic data generation market size, by country, 2018-2030 (US$M)
Asia Pacific Synthetic Data Generation Market Outlook Share, 2023 & 2030 (US$M)
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