The Europe Synthetic Data Generation Market would witness market growth of 33.2% CAGR during the forecast period (2022-2028).
The utility of synthetic data is lower than that of genuine data. However, there are several instances where synthetic data is nearly as valuable as real data. To perform the data synthesis process, businesses can choose from a variety of methodologies, including decision trees, deep learning algorithms, and iterative proportional fitting. They should choose the method based on the requirements for synthetic data and the intended level of data utility for the specific purpose of data generation.
In circumstances when there is no actual data but the data analyst has a thorough grasp of how the distribution of the dataset would appear, the analyst can produce a random sample of any distribution, including Normal, Chi-square, Exponential, t, lognormal, and Uniform. In this method, the utility of synthetic data varies based on the analyst's familiarity with a particular data environment. After data synthesis, the utility of synthetic data should be evaluated by comparing it to actual data.
In the field of artificial intelligence in health care, the focus has been on deductive systems that examine information to discover patterns that would be impossible to implement. However, generative adversarial networks, a new form of artificial intelligence, have evolved more recently (GANs). GANs are a type of artificial intelligence designed to generate high-fidelity false data.
The electronics industry of the regional countries is very robust. According to the Government of the United Kingdom, each year, the electronics industry contributes £16 billion to the British economy. The industry has a robust intellectual property rights framework and legal structure, developed intellectual property rights development, the ability to rapidly deliver products to the market, a large software sector, and a research community comprised of universities, corporations, and industry.
The Germany market dominated the Europe Synthetic Data Generation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $55,316.5 Thousands by 2028.The UK market is anticipated to grow at a CAGR of 32.1% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 34.2% during (2022 - 2028).
Based on Application, the market is segmented into Natural Language Processing, Data Protection, Predictive Analytics, Computer Vision Algorithms and Data Sharing & Others. Based on Offering, the market is segmented into Fully Synthetic Data, Partially Synthetic Data and Hybrid Synthetic Data. Based on Data Type, the market is segmented into Tabular Data, Text Data, Image & Video Data and Others. Based on Modeling Type, the market is segmented into Agent-based Modeling and Direct Modeling. Based on End-use, the market is segmented into Healthcare & Life sciences, IT & Telecommunication, Transportation & Logistics, Retail & E-commerce, BFSI, Consumer Electronics and Manufacturing & Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Synthetic Data Generation Market will Hit $880.2 Million by 2028, at a CAGR of 34.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kinetic Vision, Inc. (Deep Vision Data), MOSTLY AI Solutions MP GmbH, Synthesis AI, Inc., Statice GmbH, YData, Ekobit d.o.o, Hazy Limited, Kymera-labs, MDClone Limited, and Neuromation.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Natural Language Processing
- Data Protection
- Predictive Analytics
- Computer Vision Algorithms
- Data Sharing & Others
By Offering
- Fully Synthetic Data
- Partially Synthetic Data
- Hybrid Synthetic Data
By Data Type
- Tabular Data
- Text Data
- Image & Video Data
- Others
By Modeling Type
- Agent-based Modeling
- Direct Modeling
By End-use
- Healthcare & Life sciences
- IT & Telecommunication
- Transportation & Logistics
- Retail & E-commerce
- BFSI
- Consumer Electronics
- Manufacturing & Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Kinetic Vision, Inc. (Deep Vision Data)
- MOSTLY AI Solutions MP GmbH
- Synthesis AI, Inc.
- Statice GmbH
- YData
- Ekobit d.o.o
- Hazy Limited
- Kymera-labs
- MDClone Limited
- Neuromation
TABLE 1 Europe Synthetic Data Generation Market, 2018 - 2021, USD Thousands
TABLE 2 Europe Synthetic Data Generation Market, 2022 - 2028, USD Thousands
TABLE 3 Europe Synthetic Data Generation Market by Application, 2018 - 2021, USD Thousands
TABLE 4 Europe Synthetic Data Generation Market by Application, 2022 - 2028, USD Thousands
TABLE 5 Europe Natural Language Processing Market by Country, 2018 - 2021, USD Thousands
TABLE 6 Europe Natural Language Processing Market by Country, 2022 - 2028, USD Thousands
TABLE 7 Europe Data Protection Market by Country, 2018 - 2021, USD Thousands
TABLE 8 Europe Data Protection Market by Country, 2022 - 2028, USD Thousands
TABLE 9 Europe Predictive Analytics Market by Country, 2018 - 2021, USD Thousands
TABLE 10 Europe Predictive Analytics Market by Country, 2022 - 2028, USD Thousands
TABLE 11 Europe Computer Vision Algorithms Market by Country, 2018 - 2021, USD Thousands
TABLE 12 Europe Computer Vision Algorithms Market by Country, 2022 - 2028, USD Thousands
TABLE 13 Europe Data Sharing & Others Market by Country, 2018 - 2021, USD Thousands
TABLE 14 Europe Data Sharing & Others Market by Country, 2022 - 2028, USD Thousands
TABLE 15 Europe Synthetic Data Generation Market by Offering, 2018 - 2021, USD Thousands
TABLE 16 Europe Synthetic Data Generation Market by Offering, 2022 - 2028, USD Thousands
TABLE 17 Europe Fully Synthetic Data Market by Country, 2018 - 2021, USD Thousands
TABLE 18 Europe Fully Synthetic Data Market by Country, 2022 - 2028, USD Thousands
TABLE 19 Europe Partially Synthetic Data Market by Country, 2018 - 2021, USD Thousands
TABLE 20 Europe Partially Synthetic Data Market by Country, 2022 - 2028, USD Thousands
TABLE 21 Europe Hybrid Synthetic Data Market by Country, 2018 - 2021, USD Thousands
TABLE 22 Europe Hybrid Synthetic Data Market by Country, 2022 - 2028, USD Thousands
TABLE 23 Europe Synthetic Data Generation Market by Data Type, 2018 - 2021, USD Thousands
TABLE 24 Europe Synthetic Data Generation Market by Data Type, 2022 - 2028, USD Thousands
TABLE 25 Europe Tabular Data Market by Country, 2018 - 2021, USD Thousands
TABLE 26 Europe Tabular Data Market by Country, 2022 - 2028, USD Thousands
TABLE 27 Europe Text Data Market by Country, 2018 - 2021, USD Thousands
TABLE 28 Europe Text Data Market by Country, 2022 - 2028, USD Thousands
TABLE 29 Europe Image & Video Data Market by Country, 2018 - 2021, USD Thousands
TABLE 30 Europe Image & Video Data Market by Country, 2022 - 2028, USD Thousands
TABLE 31 Europe Others Market by Country, 2018 - 2021, USD Thousands
TABLE 32 Europe Others Market by Country, 2022 - 2028, USD Thousands
TABLE 33 Europe Synthetic Data Generation Market by Modeling Type, 2018 - 2021, USD Thousands
TABLE 34 Europe Synthetic Data Generation Market by Modeling Type, 2022 - 2028, USD Thousands
TABLE 35 Europe Agent-based Modeling Market by Country, 2018 - 2021, USD Thousands
TABLE 36 Europe Agent-based Modeling Market by Country, 2022 - 2028, USD Thousands
TABLE 37 Europe Direct Modeling Market by Country, 2018 - 2021, USD Thousands
TABLE 38 Europe Direct Modeling Market by Country, 2022 - 2028, USD Thousands
TABLE 39 Europe Synthetic Data Generation Market by End-use, 2018 - 2021, USD Thousands
TABLE 40 Europe Synthetic Data Generation Market by End-use, 2022 - 2028, USD Thousands
TABLE 41 Europe Healthcare & Life sciences Market by Country, 2018 - 2021, USD Thousands
TABLE 42 Europe Healthcare & Life sciences Market by Country, 2022 - 2028, USD Thousands
TABLE 43 Europe IT & Telecommunication Market by Country, 2018 - 2021, USD Thousands
TABLE 44 Europe IT & Telecommunication Market by Country, 2022 - 2028, USD Thousands
TABLE 45 Europe Transportation & Logistics Market by Country, 2018 - 2021, USD Thousands
TABLE 46 Europe Transportation & Logistics Market by Country, 2022 - 2028, USD Thousands
TABLE 47 Europe Retail & E-commerce Market by Country, 2018 - 2021, USD Thousands
TABLE 48 Europe Retail & E-commerce Market by Country, 2022 - 2028, USD Thousands
TABLE 49 Europe BFSI Market by Country, 2018 - 2021, USD Thousands
TABLE 50 Europe BFSI Market by Country, 2022 - 2028, USD Thousands
TABLE 51 Europe Consumer Electronics Market by Country, 2018 - 2021, USD Thousands
TABLE 52 Europe Consumer Electronics Market by Country, 2022 - 2028, USD Thousands
TABLE 53 Europe Manufacturing & Others Market by Country, 2018 - 2021, USD Thousands
TABLE 54 Europe Manufacturing & Others Market by Country, 2022 - 2028, USD Thousands
TABLE 55 Europe Synthetic Data Generation Market by Country, 2018 - 2021, USD Thousands
TABLE 56 Europe Synthetic Data Generation Market by Country, 2022 - 2028, USD Thousands
TABLE 57 Germany Synthetic Data Generation Market, 2018 - 2021, USD Thousands
TABLE 58 Germany Synthetic Data Generation Market, 2022 - 2028, USD Thousands
TABLE 59 Germany Synthetic Data Generation Market by Application, 2018 - 2021, USD Thousands
TABLE 60 Germany Synthetic Data Generation Market by Application, 2022 - 2028, USD Thousands
TABLE 61 Germany Synthetic Data Generation Market by Offering, 2018 - 2021, USD Thousands
TABLE 62 Germany Synthetic Data Generation Market by Offering, 2022 - 2028, USD Thousands
TABLE 63 Germany Synthetic Data Generation Market by Data Type, 2018 - 2021, USD Thousands
TABLE 64 Germany Synthetic Data Generation Market by Data Type, 2022 - 2028, USD Thousands
TABLE 65 Germany Synthetic Data Generation Market by Modeling Type, 2018 - 2021, USD Thousands
TABLE 66 Germany Synthetic Data Generation Market by Modeling Type, 2022 - 2028, USD Thousands
TABLE 67 Germany Synthetic Data Generation Market by End-use, 2018 - 2021, USD Thousands
TABLE 68 Germany Synthetic Data Generation Market by End-use, 2022 - 2028, USD Thousands
TABLE 69 UK Synthetic Data Generation Market, 2018 - 2021, USD Thousands
TABLE 70 UK Synthetic Data Generation Market, 2022 - 2028, USD Thousands
TABLE 71 UK Synthetic Data Generation Market by Application, 2018 - 2021, USD Thousands
TABLE 72 UK Synthetic Data Generation Market by Application, 2022 - 2028, USD Thousands
TABLE 73 UK Synthetic Data Generation Market by Offering, 2018 - 2021, USD Thousands
TABLE 74 UK Synthetic Data Generation Market by Offering, 2022 - 2028, USD Thousands
TABLE 75 UK Synthetic Data Generation Market by Data Type, 2018 - 2021, USD Thousands
TABLE 76 UK Synthetic Data Generation Market by Data Type, 2022 - 2028, USD Thousands
TABLE 77 UK Synthetic Data Generation Market by Modeling Type, 2018 - 2021, USD Thousands
TABLE 78 UK Synthetic Data Generation Market by Modeling Type, 2022 - 2028, USD Thousands
TABLE 79 UK Synthetic Data Generation Market by End-use, 2018 - 2021, USD Thousands
TABLE 80 UK Synthetic Data Generation Market by End-use, 2022 - 2028, USD Thousands
TABLE 81 France Synthetic Data Generation Market, 2018 - 2021, USD Thousands
TABLE 82 France Synthetic Data Generation Market, 2022 - 2028, USD Thousands
TABLE 83 France Synthetic Data Generation Market by Application, 2018 - 2021, USD Thousands
TABLE 84 France Synthetic Data Generation Market by Application, 2022 - 2028, USD Thousands
TABLE 85 France Synthetic Data Generation Market by Offering, 2018 - 2021, USD Thousands
TABLE 86 France Synthetic Data Generation Market by Offering, 2022 - 2028, USD Thousands
TABLE 87 France Synthetic Data Generation Market by Data Type, 2018 - 2021, USD Thousands
TABLE 88 France Synthetic Data Generation Market by Data Type, 2022 - 2028, USD Thousands
TABLE 89 France Synthetic Data Generation Market by Modeling Type, 2018 - 2021, USD Thousands
TABLE 90 France Synthetic Data Generation Market by Modeling Type, 2022 - 2028, USD Thousands
TABLE 91 France Synthetic Data Generation Market by End-use, 2018 - 2021, USD Thousands
TABLE 92 France Synthetic Data Generation Market by End-use, 2022 - 2028, USD Thousands
TABLE 93 Russia Synthetic Data Generation Market, 2018 - 2021, USD Thousands
TABLE 94 Russia Synthetic Data Generation Market, 2022 - 2028, USD Thousands
TABLE 95 Russia Synthetic Data Generation Market by Application, 2018 - 2021, USD Thousands
TABLE 96 Russia Synthetic Data Generation Market by Application, 2022 - 2028, USD Thousands
TABLE 97 Russia Synthetic Data Generation Market by Offering, 2018 - 2021, USD Thousands
TABLE 98 Russia Synthetic Data Generation Market by Offering, 2022 - 2028, USD Thousands
TABLE 99 Russia Synthetic Data Generation Market by Data Type, 2018 - 2021, USD Thousands
TABLE 100 Russia Synthetic Data Generation Market by Data Type, 2022 - 2028, USD Thousands
TABLE 101 Russia Synthetic Data Generation Market by Modeling Type, 2018 - 2021, USD Thousands
TABLE 102 Russia Synthetic Data Generation Market by Modeling Type, 2022 - 2028, USD Thousands
TABLE 103 Russia Synthetic Data Generation Market by End-use, 2018 - 2021, USD Thousands
TABLE 104 Russia Synthetic Data Generation Market by End-use, 2022 - 2028, USD Thousands
TABLE 105 Spain Synthetic Data Generation Market, 2018 - 2021, USD Thousands
TABLE 106 Spain Synthetic Data Generation Market, 2022 - 2028, USD Thousands
TABLE 107 Spain Synthetic Data Generation Market by Application, 2018 - 2021, USD Thousands
TABLE 108 Spain Synthetic Data Generation Market by Application, 2022 - 2028, USD Thousands
TABLE 109 Spain Synthetic Data Generation Market by Offering, 2018 - 2021, USD Thousands
TABLE 110 Spain Synthetic Data Generation Market by Offering, 2022 - 2028, USD Thousands
TABLE 111 Spain Synthetic Data Generation Market by Data Type, 2018 - 2021, USD Thousands
TABLE 112 Spain Synthetic Data Generation Market by Data Type, 2022 - 2028, USD Thousands
TABLE 113 Spain Synthetic Data Generation Market by Modeling Type, 2018 - 2021, USD Thousands
TABLE 114 Spain Synthetic Data Generation Market by Modeling Type, 2022 - 2028, USD Thousands
TABLE 115 Spain Synthetic Data Generation Market by End-use, 2018 - 2021, USD Thousands
TABLE 116 Spain Synthetic Data Generation Market by End-use, 2022 - 2028, USD Thousands
TABLE 117 Italy Synthetic Data Generation Market, 2018 - 2021, USD Thousands
TABLE 118 Italy Synthetic Data Generation Market, 2022 - 2028, USD Thousands
TABLE 119 Italy Synthetic Data Generation Market by Application, 2018 - 2021, USD Thousands
TABLE 120 Italy Synthetic Data Generation Market by Application, 2022 - 2028, USD Thousands
TABLE 121 Italy Synthetic Data Generation Market by Offering, 2018 - 2021, USD Thousands
TABLE 122 Italy Synthetic Data Generation Market by Offering, 2022 - 2028, USD Thousands
TABLE 123 Italy Synthetic Data Generation Market by Data Type, 2018 - 2021, USD Thousands
TABLE 124 Italy Synthetic Data Generation Market by Data Type, 2022 - 2028, USD Thousands
TABLE 125 Italy Synthetic Data Generation Market by Modeling Type, 2018 - 2021, USD Thousands
TABLE 126 Italy Synthetic Data Generation Market by Modeling Type, 2022 - 2028, USD Thousands
TABLE 127 Italy Synthetic Data Generation Market by End-use, 2018 - 2021, USD Thousands
TABLE 128 Italy Synthetic Data Generation Market by End-use, 2022 - 2028, USD Thousands
TABLE 129 Rest of Europe Synthetic Data Generation Market, 2018 - 2021, USD Thousands
TABLE 130 Rest of Europe Synthetic Data Generation Market, 2022 - 2028, USD Thousands
TABLE 131 Rest of Europe Synthetic Data Generation Market by Application, 2018 - 2021, USD Thousands
TABLE 132 Rest of Europe Synthetic Data Generation Market by Application, 2022 - 2028, USD Thousands
TABLE 133 Rest of Europe Synthetic Data Generation Market by Offering, 2018 - 2021, USD Thousands
TABLE 134 Rest of Europe Synthetic Data Generation Market by Offering, 2022 - 2028, USD Thousands
TABLE 135 Rest of Europe Synthetic Data Generation Market by Data Type, 2018 - 2021, USD Thousands
TABLE 136 Rest of Europe Synthetic Data Generation Market by Data Type, 2022 - 2028, USD Thousands
TABLE 137 Rest of Europe Synthetic Data Generation Market by Modeling Type, 2018 - 2021, USD Thousands
TABLE 138 Rest of Europe Synthetic Data Generation Market by Modeling Type, 2022 - 2028, USD Thousands
TABLE 139 Rest of Europe Synthetic Data Generation Market by End-use, 2018 - 2021, USD Thousands
TABLE 140 Rest of Europe Synthetic Data Generation Market by End-use, 2022 - 2028, USD Thousands
TABLE 141 Key Information – Kinetic Vision, Inc.
TABLE 142 Key Information – MOSTLY AI Solutions MP GmbH
TABLE 143 Key Information – Synthesis AI, Inc.
TABLE 144 Key Information – Statice GmbH
TABLE 145 Key Information – YData
TABLE 146 Key Information – Ekobit d.o.o
TABLE 147 Key Information – Hazy Limited
TABLE 148 Key Information – Kymera-labs
TABLE 149 Key Information – MDClone Limited
TABLE 150 Key Information – Neuromation
List of Figures
FIG 1 Methodology for the research