Middle East & Africa Synthetic Data Generation Market Size & Outlook
Middle East & Africa synthetic data generation market, 2018-2030 (US$M)
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MEA synthetic data generation market highlights
- The MEA synthetic data generation market generated a revenue of USD 7.4 million in 2023.
- The market is expected to grow at a CAGR of 33.1% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 7.4 million |
| Market revenue in 2030 | USD 54.6 million |
| Growth rate | 33.1% (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, MEA region accounted for 3.4% 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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Middle East & Africa 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 22.97% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Prominent growth in adoption of advanced technology in Middle East & African countries are augmenting market growth. Recently rapid digitalization in nations like Saudi Arabia and the United Arab Emirates has led to an increase in the number of connected devices in the region.
Modern technologies are being used by businesses to boost operational effectiveness. Artificial intelligence (AI), machine learning (ML), and nanotechnologies is expanding due to these emerging advanced technologies.
Organizations are prominently utilizing cutting-edge technologies to increase their income potential and establish their position in the global market. Additionally, synthetic data will be a crucial tool in addressing data management issues in security, privacy, predictive analytics, and general data centricity.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa synthetic data generation market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa synthetic data generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA synthetic data generation market size, by country, 2018-2030 (US$M)
Middle East & Africa Synthetic Data Generation Market Outlook Share, 2023 & 2030 (US$M)
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