Report Ocean, a renowned market research firm, has provided a comprehensive research report and top strategies for the Synthetic Data Generation Market. This report has been prepared by subject matter experts, researchers, and market research professionals to ensure the use of accurate data from reliable sources and the highest level of forecast accuracy. The report also examines relevant policies and regulations implemented by the industry. It delves into research advancements, potential applications, innovation, and future trends in the Market sector. Synthetic Data Generation Market is valued at approximately USD 123.3 million in 2021 and is anticipated to grow with a healthy growth rate of more than 34.8 % over the forecast period 2022-2029. The growing need to maintain data security and privacy, coupled with the rising inclination toward synthetic data to train machine learning, anti-money laundering behaviours and payment data for fraud detection are the prominent factors for the market growth. Synthetic data generation techniques are being adopted across a wide range of industries, including healthcare, finance, retail, automotive, and more.
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