North America Synthetic Data Generation Market Size, Share & Industry Trends Analysis Report By Application, By Offering, By Data Type, By Modeling Type (Agent-based Modeling and Direct Modeling), By End-use, By Country and Growth Forecast, 2022 - 2028

The North America Synthetic Data Generation Market would witness market growth of 32.6% CAGR during the forecast period (2022-2028).

Artificial data can aid in training and developing models prior to the availability of real data, hence reducing expenses. The adoption of synthetic data by AI players has risen throughout emerging and developed economies. In 2021, for instance, research conducted by Synthesis AI in cooperation with Vanson Bourne indicated that a significant proportion of IT decision-makers view synthetic data as a key to being competitive.

Executives in the IT sector will likely rely on artificial data to improve data quality and boost efficiency. In its early stage, synthetic data generation is anticipated to increase access, restrict costs, and reduce the time required to build AI models across all industry verticals, like automotive and healthcare. Businesses require synthetic data for three reasons viz. product testing, privacy, as well as training machine learning algorithms.

In addition, industry leaders have begun to emphasize the significance of data-centric methods to AI/ML model building, to which synthetic data can contribute substantial value. When picking a privacy-enhancing technology, businesses confront a trade-off between data privacy as well as data utility. Before investing, they must therefore define the use case's priorities. Synthetic data does not include any personally identifiable information; it is a sample of data with a distribution similar to that of the real data.

According to the Census Bureau of the United States, several products from the Longitudinal Employer-Household Dynamics program utilize synthetic data, such as the LEHD, the on the Map web application, the Post-Secondary Employment Outcomes, Origin-Destination Employment Statistics, Explorer data product, and the Veterans Employment Outcomes (VEO) Explorer. All of these factors are increasing the utilization of synthetic data throughout regional countries.

The US market dominated the North America Synthetic Data Generation Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $244,459.3 Thousands by 2028.The Canada market is poised to grow at a CAGR of 35.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 34.5% 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 U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Synthetic Data Generation Market is Predict to reach $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

• US
• Canada
• Mexico
• Rest of North America

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

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Synthetic Data Generation Market, by Application
1.4.2 North America Synthetic Data Generation Market, by Offering
1.4.3 North America Synthetic Data Generation Market, by Data Type
1.4.4 North America Synthetic Data Generation Market, by Modeling Type
1.4.5 North America Synthetic Data Generation Market, by End-use
1.4.6 North America Synthetic Data Generation Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. North America Synthetic Data Generation Market by Application
3.1 North America Natural Language Processing Market by Country
3.2 North America Data Protection Market by Country
3.3 North America Predictive Analytics Market by Country
3.4 North America Computer Vision Algorithms Market by Country
3.5 North America Data Sharing & Others Market by Country

Chapter 4. North America Synthetic Data Generation Market by Offering
4.1 North America Fully Synthetic Data Market by Country
4.2 North America Partially Synthetic Data Market by Country
4.3 North America Hybrid Synthetic Data Market by Country

Chapter 5. North America Synthetic Data Generation Market by Data Type
5.1 North America Tabular Data Market by Country
5.2 North America Text Data Market by Country
5.3 North America Image & Video Data Market by Country
5.4 North America Others Market by Country

Chapter 6. North America Synthetic Data Generation Market by Modeling Type
6.1 North America Agent-based Modeling Market by Country
6.2 North America Direct Modeling Market by Country

Chapter 7. North America Synthetic Data Generation Market by End-use
7.1 North America Healthcare & Life sciences Market by Country
7.2 North America IT & Telecommunication Market by Country
7.3 North America Transportation & Logistics Market by Country
7.4 North America Retail & E-commerce Market by Country
7.5 North America BFSI Market by Country
7.6 North America Consumer Electronics Market by Country
7.7 North America Manufacturing & Others Market by Country

Chapter 8. North America Synthetic Data Generation Market by Country
8.1 US Synthetic Data Generation Market
8.1.1 US Synthetic Data Generation Market by Application
8.1.2 US Synthetic Data Generation Market by Offering
8.1.3 US Synthetic Data Generation Market by Data Type
8.1.4 US Synthetic Data Generation Market by Modeling Type
8.1.5 US Synthetic Data Generation Market by End-use
8.2 Canada Synthetic Data Generation Market
8.2.1 Canada Synthetic Data Generation Market by Application
8.2.2 Canada Synthetic Data Generation Market by Offering
8.2.3 Canada Synthetic Data Generation Market by Data Type
8.2.4 Canada Synthetic Data Generation Market by Modeling Type
8.2.5 Canada Synthetic Data Generation Market by End-use
8.3 Mexico Synthetic Data Generation Market
8.3.1 Mexico Synthetic Data Generation Market by Application
8.3.2 Mexico Synthetic Data Generation Market by Offering
8.3.3 Mexico Synthetic Data Generation Market by Data Type
8.3.4 Mexico Synthetic Data Generation Market by Modeling Type
8.3.5 Mexico Synthetic Data Generation Market by End-use
8.4 Rest of North America Synthetic Data Generation Market
8.4.1 Rest of North America Synthetic Data Generation Market by Application
8.4.2 Rest of North America Synthetic Data Generation Market by Offering
8.4.3 Rest of North America Synthetic Data Generation Market by Data Type
8.4.4 Rest of North America Synthetic Data Generation Market by Modeling Type
8.4.5 Rest of North America Synthetic Data Generation Market by End-use

Chapter 9. Company Profiles
9.1 Kinetic Vision, Inc. (Deep Vision Data)
9.1.1 Company Overview
9.2 MOSTLY AI Solutions MP GmbH
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Product Launches and Product Expansions:
9.3 Synthesis AI, Inc.
9.3.1 Company Overview
9.4 Statice GmbH
9.4.1 Company Overview
9.5 YData
9.5.1 Company Overview
9.6 Ekobit d.o.o
9.6.1 Company Overview
9.7 Hazy Limited
9.7.1 Company Overview
9.8 Kymera-labs
9.8.1 Company Overview
9.9 MDClone Limited
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Partnerships, Collaborations, and Agreements:
9.10. Neuromation
9.10.1 Company Overview

TABLE 1 North America Synthetic Data Generation Market, 2018 - 2021, USD Thousands
TABLE 2 North America Synthetic Data Generation Market, 2022 - 2028, USD Thousands
TABLE 3 North America Synthetic Data Generation Market by Application, 2018 - 2021, USD Thousands
TABLE 4 North America Synthetic Data Generation Market by Application, 2022 - 2028, USD Thousands
TABLE 5 North America Natural Language Processing Market by Country, 2018 - 2021, USD Thousands
TABLE 6 North America Natural Language Processing Market by Country, 2022 - 2028, USD Thousands
TABLE 7 North America Data Protection Market by Country, 2018 - 2021, USD Thousands
TABLE 8 North America Data Protection Market by Country, 2022 - 2028, USD Thousands
TABLE 9 North America Predictive Analytics Market by Country, 2018 - 2021, USD Thousands
TABLE 10 North America Predictive Analytics Market by Country, 2022 - 2028, USD Thousands
TABLE 11 North America Computer Vision Algorithms Market by Country, 2018 - 2021, USD Thousands
TABLE 12 North America Computer Vision Algorithms Market by Country, 2022 - 2028, USD Thousands
TABLE 13 North America Data Sharing & Others Market by Country, 2018 - 2021, USD Thousands
TABLE 14 North America Data Sharing & Others Market by Country, 2022 - 2028, USD Thousands
TABLE 15 North America Synthetic Data Generation Market by Offering, 2018 - 2021, USD Thousands
TABLE 16 North America Synthetic Data Generation Market by Offering, 2022 - 2028, USD Thousands
TABLE 17 North America Fully Synthetic Data Market by Country, 2018 - 2021, USD Thousands
TABLE 18 North America Fully Synthetic Data Market by Country, 2022 - 2028, USD Thousands
TABLE 19 North America Partially Synthetic Data Market by Country, 2018 - 2021, USD Thousands
TABLE 20 North America Partially Synthetic Data Market by Country, 2022 - 2028, USD Thousands
TABLE 21 North America Hybrid Synthetic Data Market by Country, 2018 - 2021, USD Thousands
TABLE 22 North America Hybrid Synthetic Data Market by Country, 2022 - 2028, USD Thousands
TABLE 23 North America Synthetic Data Generation Market by Data Type, 2018 - 2021, USD Thousands
TABLE 24 North America Synthetic Data Generation Market by Data Type, 2022 - 2028, USD Thousands
TABLE 25 North America Tabular Data Market by Country, 2018 - 2021, USD Thousands
TABLE 26 North America Tabular Data Market by Country, 2022 - 2028, USD Thousands
TABLE 27 North America Text Data Market by Country, 2018 - 2021, USD Thousands
TABLE 28 North America Text Data Market by Country, 2022 - 2028, USD Thousands
TABLE 29 North America Image & Video Data Market by Country, 2018 - 2021, USD Thousands
TABLE 30 North America Image & Video Data Market by Country, 2022 - 2028, USD Thousands
TABLE 31 North America Others Market by Country, 2018 - 2021, USD Thousands
TABLE 32 North America Others Market by Country, 2022 - 2028, USD Thousands
TABLE 33 North America Synthetic Data Generation Market by Modeling Type, 2018 - 2021, USD Thousands
TABLE 34 North America Synthetic Data Generation Market by Modeling Type, 2022 - 2028, USD Thousands
TABLE 35 North America Agent-based Modeling Market by Country, 2018 - 2021, USD Thousands
TABLE 36 North America Agent-based Modeling Market by Country, 2022 - 2028, USD Thousands
TABLE 37 North America Direct Modeling Market by Country, 2018 - 2021, USD Thousands
TABLE 38 North America Direct Modeling Market by Country, 2022 - 2028, USD Thousands
TABLE 39 North America Synthetic Data Generation Market by End-use, 2018 - 2021, USD Thousands
TABLE 40 North America Synthetic Data Generation Market by End-use, 2022 - 2028, USD Thousands
TABLE 41 North America Healthcare & Life sciences Market by Country, 2018 - 2021, USD Thousands
TABLE 42 North America Healthcare & Life sciences Market by Country, 2022 - 2028, USD Thousands
TABLE 43 North America IT & Telecommunication Market by Country, 2018 - 2021, USD Thousands
TABLE 44 North America IT & Telecommunication Market by Country, 2022 - 2028, USD Thousands
TABLE 45 North America Transportation & Logistics Market by Country, 2018 - 2021, USD Thousands
TABLE 46 North America Transportation & Logistics Market by Country, 2022 - 2028, USD Thousands
TABLE 47 North America Retail & E-commerce Market by Country, 2018 - 2021, USD Thousands
TABLE 48 North America Retail & E-commerce Market by Country, 2022 - 2028, USD Thousands
TABLE 49 North America BFSI Market by Country, 2018 - 2021, USD Thousands
TABLE 50 North America BFSI Market by Country, 2022 - 2028, USD Thousands
TABLE 51 North America Consumer Electronics Market by Country, 2018 - 2021, USD Thousands
TABLE 52 North America Consumer Electronics Market by Country, 2022 - 2028, USD Thousands
TABLE 53 North America Manufacturing & Others Market by Country, 2018 - 2021, USD Thousands
TABLE 54 North America Manufacturing & Others Market by Country, 2022 - 2028, USD Thousands
TABLE 55 North America Synthetic Data Generation Market by Country, 2018 - 2021, USD Thousands
TABLE 56 North America Synthetic Data Generation Market by Country, 2022 - 2028, USD Thousands
TABLE 57 US Synthetic Data Generation Market, 2018 - 2021, USD Thousands
TABLE 58 US Synthetic Data Generation Market, 2022 - 2028, USD Thousands
TABLE 59 US Synthetic Data Generation Market by Application, 2018 - 2021, USD Thousands
TABLE 60 US Synthetic Data Generation Market by Application, 2022 - 2028, USD Thousands
TABLE 61 US Synthetic Data Generation Market by Offering, 2018 - 2021, USD Thousands
TABLE 62 US Synthetic Data Generation Market by Offering, 2022 - 2028, USD Thousands
TABLE 63 US Synthetic Data Generation Market by Data Type, 2018 - 2021, USD Thousands
TABLE 64 US Synthetic Data Generation Market by Data Type, 2022 - 2028, USD Thousands
TABLE 65 US Synthetic Data Generation Market by Modeling Type, 2018 - 2021, USD Thousands
TABLE 66 US Synthetic Data Generation Market by Modeling Type, 2022 - 2028, USD Thousands
TABLE 67 US Synthetic Data Generation Market by End-use, 2018 - 2021, USD Thousands
TABLE 68 US Synthetic Data Generation Market by End-use, 2022 - 2028, USD Thousands
TABLE 69 Canada Synthetic Data Generation Market, 2018 - 2021, USD Thousands
TABLE 70 Canada Synthetic Data Generation Market, 2022 - 2028, USD Thousands
TABLE 71 Canada Synthetic Data Generation Market by Application, 2018 - 2021, USD Thousands
TABLE 72 Canada Synthetic Data Generation Market by Application, 2022 - 2028, USD Thousands
TABLE 73 Canada Synthetic Data Generation Market by Offering, 2018 - 2021, USD Thousands
TABLE 74 Canada Synthetic Data Generation Market by Offering, 2022 - 2028, USD Thousands
TABLE 75 Canada Synthetic Data Generation Market by Data Type, 2018 - 2021, USD Thousands
TABLE 76 Canada Synthetic Data Generation Market by Data Type, 2022 - 2028, USD Thousands
TABLE 77 Canada Synthetic Data Generation Market by Modeling Type, 2018 - 2021, USD Thousands
TABLE 78 Canada Synthetic Data Generation Market by Modeling Type, 2022 - 2028, USD Thousands
TABLE 79 Canada Synthetic Data Generation Market by End-use, 2018 - 2021, USD Thousands
TABLE 80 Canada Synthetic Data Generation Market by End-use, 2022 - 2028, USD Thousands
TABLE 81 Mexico Synthetic Data Generation Market, 2018 - 2021, USD Thousands
TABLE 82 Mexico Synthetic Data Generation Market, 2022 - 2028, USD Thousands
TABLE 83 Mexico Synthetic Data Generation Market by Application, 2018 - 2021, USD Thousands
TABLE 84 Mexico Synthetic Data Generation Market by Application, 2022 - 2028, USD Thousands
TABLE 85 Mexico Synthetic Data Generation Market by Offering, 2018 - 2021, USD Thousands
TABLE 86 Mexico Synthetic Data Generation Market by Offering, 2022 - 2028, USD Thousands
TABLE 87 Mexico Synthetic Data Generation Market by Data Type, 2018 - 2021, USD Thousands
TABLE 88 Mexico Synthetic Data Generation Market by Data Type, 2022 - 2028, USD Thousands
TABLE 89 Mexico Synthetic Data Generation Market by Modeling Type, 2018 - 2021, USD Thousands
TABLE 90 Mexico Synthetic Data Generation Market by Modeling Type, 2022 - 2028, USD Thousands
TABLE 91 Mexico Synthetic Data Generation Market by End-use, 2018 - 2021, USD Thousands
TABLE 92 Mexico Synthetic Data Generation Market by End-use, 2022 - 2028, USD Thousands
TABLE 93 Rest of North America Synthetic Data Generation Market, 2018 - 2021, USD Thousands
TABLE 94 Rest of North America Synthetic Data Generation Market, 2022 - 2028, USD Thousands
TABLE 95 Rest of North America Synthetic Data Generation Market by Application, 2018 - 2021, USD Thousands
TABLE 96 Rest of North America Synthetic Data Generation Market by Application, 2022 - 2028, USD Thousands
TABLE 97 Rest of North America Synthetic Data Generation Market by Offering, 2018 - 2021, USD Thousands
TABLE 98 Rest of North America Synthetic Data Generation Market by Offering, 2022 - 2028, USD Thousands
TABLE 99 Rest of North America Synthetic Data Generation Market by Data Type, 2018 - 2021, USD Thousands
TABLE 100 Rest of North America Synthetic Data Generation Market by Data Type, 2022 - 2028, USD Thousands
TABLE 101 Rest of North America Synthetic Data Generation Market by Modeling Type, 2018 - 2021, USD Thousands
TABLE 102 Rest of North America Synthetic Data Generation Market by Modeling Type, 2022 - 2028, USD Thousands
TABLE 103 Rest of North America Synthetic Data Generation Market by End-use, 2018 - 2021, USD Thousands
TABLE 104 Rest of North America Synthetic Data Generation Market by End-use, 2022 - 2028, USD Thousands
TABLE 105 Key Information – Kinetic Vision, Inc.
TABLE 106 Key Information – MOSTLY AI Solutions MP GmbH
TABLE 107 Key Information – Synthesis AI, Inc.
TABLE 108 Key Information – Statice GmbH
TABLE 109 Key Information – YData
TABLE 110 Key Information – Ekobit d.o.o
TABLE 111 Key Information – Hazy Limited
TABLE 112 Key Information – Kymera-labs
TABLE 113 Key Information – MDClone Limited
TABLE 114 Key Information – Neuromation

List of Figures
FIG 1 Methodology for the research