Synthetic Data Generation Market Size Is Anticipated To Reach USD 1.79 Billion By 2030
San Francisco, 31 Aug 2023: The Report Synthetic Data Generation Market Size, Share & Trends Analysis Report By Data Type, By Modeling Type, By Offering, By Application, By End-use, By Region, And Segment Forecasts, 2023 - 2030 The global synthetic data generation market size is anticipated to reach USD 1.79 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 35% from 2023 to 2030. Synthetic data has disrupted most industries with the affordability and accessibility of quality training data. Artificial data has gained ground to boost AI and innovation by minimizing data barriers. Moreover, the exponential growth of smartphones and other smart devices has contributed to the growth of the industry. For instance, customers will receive an uptick from synthetic data to assess the performance of camera modules and decide the optimal camera placement in the car cabin. With the soaring demand for AI systems, synthetic da