Synthetic Data Generation: Global Markets

Sep 2023| IFT287A| BCC Publishing
Sample Report

Report Highlights

The report provides an overview on the current size and anticipated growth of the overall synthetic data generation market and its related segments. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. The report focuses on the drivers and challenges that affect the market and the vendor landscape and also covers the leading solution providers, trends in end-user preferences and geographic market opportunities.

Report Includes

  • 26 data tables and 29 additional tables
  • An overview of the global markets for synthetic data generation
  • Estimation of market size and analyses of global market trends, with data from 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
  • Evaluation and forecast the synthetic data generation market size in dollar value terms, and corresponding market share analysis by component, deployment, data type, industry, and region
  • Assessment of the key drivers and constraints that will shape the market for synthetic data generation and discussion on the upcoming market opportunities and areas of focus to forecast the market into various segments and sub-segments
  • Identification of the companies best positioned to meet this demand because of their proprietary technologies, strategic alliances, or other advantages
  • Review of the key patent grants and new technologies in the synthetic data generation sector
  • Insight into the recent industry strategies, such as M&A deals, joint ventures, collaborations, and license agreements currently focused on synthetic data generation products and services
  • Company profiles of major players within the industry, including Amazon Inc., Google Inc., IBM Corp., and Microsoft Corp.

Report Scope

The report provides an overview of the global market for synthetic data generation, and a detailed analysis of the products and strategies of the companies in the market. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. Revenue forecasts for this period are segmented based on component, deployment, data type, industry and region.

The report also focuses on the drivers and challenges that affect the market and the vendor landscape. The report looks at the current trends in the global market, and concludes with profiles of the major players in the market.

Frequently Asked Questions (FAQs)

The global synthetic data generation market is projected to grow from $381.3 million in 2022 to $2.1 billion in 2028, at a compound annual growth rate (CAGR) of 33.1% during the forecast period.
The key factors driving the growth of synthetic data generation market includes increasing demand for data privacy and compliance and increasing adoption of Artificial intelligence (AI) and Machine Learning (ML).
The global synthetic data generation market is segmented based on component, deployment, data type, industry vertical, and region.
Healthcare segment will dominate the market by the end of 2028.
Key companies in the market includes Amazon Inc., Broadcom Inc., Databricks Inc., Google Inc., IBM Corporation, Informatica Inc., Microsoft Corp., Mostly AI, Mphasis Ltd., Nvidia Corporation, OpenAI, Sogeti (Capgemini Group), and Synthesia Ltd.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $381.3 million
Market size forecast $2.1 billion
Growth rate CAGR of 33.1% for the forecast period of 2023-2028
Units considered $ Millions
Segments covered Component, Deployment, Data Type, Industry
Regions covered North America, Europe, Asia-Pacific, Rest of the World (RoW)
Countries covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Rest of Europe, China, India, Japan, Rest of Asia-Pacific
Key Market Drivers
  • Increasing Demand for Data Privacy and Compliance
  • Increasing Adoption of AI and ML
Companies studied

Table of Contents & Pricing

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Synthetic Data Generation: Global Markets

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