Europe Synthetic Data Generation Market Size & Outlook
Europe synthetic data generation market, 2018-2030 (US$M)
Related Markets
Europe synthetic data generation market highlights
- The Europe synthetic data generation market generated a revenue of USD 58.2 million in 2023.
- The market is expected to grow at a CAGR of 36.2% 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, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 58.2 million |
| Market revenue in 2030 | USD 506.2 million |
| Growth rate | 36.2% (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, Europe region accounted for 26.7% 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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Europe 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 23.02% in 2023. Horizon Databook has segmented the Europe 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.
The electronics industry in Europe is witnessing robust growth. According to the Government of the United Kingdom, each year, the electronics industry contributes £16 billion to the British economy.
The consumer electronics industry has a strong legal and intellectual property rights framework, developed intellectual property rights, the ability to quickly bring goods to market, a sizable software market, and a research community made up of academic institutions, businesses, and industry augmenting the segment growth in region.
Industrial development is prominently relying on research data to bring innovative products to the market. Businesses that collaborate on product development with other suppliers disclose sensitive research data with the vendors. Sharing actual data results in privacy breach.
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Our clientele includes a mix of synthetic data generation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe synthetic data generation market , including forecasts for subscribers. This continent databook contains high-level insights into Europe synthetic data generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe synthetic data generation market size, by country, 2018-2030 (US$M)
Europe Synthetic Data Generation Market Outlook Share, 2023 & 2030 (US$M)
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