Blockchain Press Releases
Synthetic Data Generation Market Size To Grow USD 3.5 Billion by 2031 at a CAGR of 35.8% | Valuates Reports
BANGALORE, India , Aug. 9, 2023 /PRNewswire/ — Synthetic Data Generation Market by Component (Solution, Services), by Deployment Mode (On-Premise, Cloud), by Data Type (Tabular Data, Text Data, Image and Video Data, Others), by Application (AI Training and Development, Test Data Management, Data Sharing and Retention, Data Analytics, Others), by Industry Vertical (BFSI, Healthcare and Life Sciences, Transportation and Logistics, Government and Defense, IT and Telecommunication, Manufacturing, Media and Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031.
The global synthetic data generation market was valued at USD 168.9 Million in 2021, and is projected to reach USD 3.5 Billion by 2031, growing at a CAGR of 35.8% from 2022 to 2031.
Download Free Sample: https://reports.valuates.com/request/sample/ALLI-Manu-2B103/Synthetic_Data_Generation_Market
Major Factors Driving the Growth of Synthetic Data Generation Market:
The market is expanding as a result of an increase in digitalization transformation across companies and an increase in the adoption of cutting-edge technologies like AI and ML. The market is also anticipated to benefit from lucrative growth prospects in the coming years due to the rise in demand for connected devices, IoT, and other technologies.
View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-2B103/synthetic-data-generation
TRENDS INFLUENCING THE GROWTH OF SYNTHETIC DATA GENERATION MARKET:
Stricter laws like GDPR and HIPAA have been created in response to the growing demand for data privacy and security. A solution is provided by synthetic data, which generates plausible but artificial data while preserving the statistical characteristics of genuine data and protecting sensitive information. In sectors like healthcare and banking that deal with sensitive data, this element is especially crucial.
The creation and training of AI and machine learning models may be hampered by the lack of and difficulty in gaining access to vast, diverse datasets. This problem is addressed by synthetic data creation, which offers a scalable method for producing different datasets that represent a range of scenarios and edge cases. This helps to enhance the generalization and resilience of AI models, which is essential for systems like autonomous vehicles and image recognition systems. Additionally, the requirement for testing and innovation in technology development happens quickly. Companies can replicate a variety of situations using synthetic data without being constrained by the limits of real-world data collecting. This shortens the development lifecycle, lowers expenses, and makes it possible to test new features and products quickly.
In businesses where genuine data collection is risky, expensive, or logistically difficult, synthetic data is very useful. For instance, in the healthcare industry, simulating medical scenarios can improve patient safety and lower risks when creating medical devices and educating medical workers. Another important element fueling the expansion of synthetic data generation is the rise of Industry 4.0 and the Internet of Things (IoT). Massive volumes of data are produced by IoT devices, making it difficult to conduct testing using real data. In order to ensure the functioning and security of IoT systems, synthetic data offers a solution for the creation of various testing environments.
Furthermore, efficient training requires a lot of data due to the increasing complexity of AI models like deep neural networks. Without the requirement for intensive data collecting activities, synthetic data augmentation approaches can aid in increasing the training dataset and enhancing model performance.
Get Customized Report: https://reports.valuates.com/request/customisation/ALLI-Manu-2B103/Synthetic_Data_Generation_Market
SYNTHETIC DATA GENERATION MARKET SHARE ANALYSIS
The projection period is expected to see the highest growth in Asia-Pacific. This is ascribed to an increase in the usage of cloud-based services and improved technology, which both drive the growth of the synthetic data production market in this area.
Download Regional Report: https://reports.valuates.com/request/regional/ALLI-Manu-2B103/Synthetic_Data_Generation_Market
Key Companies:
- Datagen
- Meta
- Synthesis AI
- Mostly AI
- NVIDIA Corporation
- IBM Corporation
- Microsoft Corporation
- com, Inc
- CVEDIA Inc
- Gretel Labs
Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-2B103&lic=single-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS
– AI Content Generation market was valued at USD 1400 million in 2022 and is anticipated to reach USD 5958 million by 2029, witnessing a CAGR of 27.3% during the forecast period 2023-2029.
– The global generative ai market size was valued at USD 8.2 Billion in 2021, and is projected to reach USD 126.5 Billion by 2031, growing at a CAGR of 32% from 2022 to 2031.
– AI Image Generator market is projected to reach USD 534 million by 2028 from an estimated USD 215 million in 2021, at a CAGR of 16.4% during 2023 and 2028.
– Text-to-Image Generation Market
– Artificial Intelligence Automatically Generates Content Market
– Generative Design Software Market
– Online Content Moderation Market
– AI-based 3D Asset Generation Software Market
– AI Video Generation Platform Market
– Next Generation Data Storage Technology Market
– Test Data Generation Tools Market
– Test Data Management (TDM) Market
– AI Generated Content in Games Market
– AI-powered Image Generation Tool Market
– Artificial Intelligence Software System market was valued at USD 30320 million in 2022 and is anticipated to reach USD 156800 million by 2029, witnessing a CAGR of 31.5% during the forecast period 2023-2029.
– Artificial Intelligence in Manufacturing and Supply Chain market is projected to grow from USD 1165.4 million in 2023 to USD 7671.9 million by 2029, at a Compound Annual Growth Rate (CAGR) of 36.9% during the forecast period.
– AI Generated Content (AIGC) Market
– Automatic Content Recognition (ACR) Technology Market
– Artificial Intelligence for Automotive and Transportation Market
– Artificial Intelligence HPC Cloud Market
– Generative Design Software Market
– Mobile Artificial Intelligence (MAI) market is projected to grow from USD 13160 million in 2023 to USD 43880 million by 2029, at a Compound Annual Growth Rate (CAGR) of 22.2% during the forecast period.
– Artificial Intelligence Software System market size is estimated to be worth USD 22600 million in 2022 and is forecast to a readjusted size of USD 156800 million by 2029 with a CAGR of 31.5% during the forecast period 2023-2029.
– Artificial Intelligence Automatically Generates Content Market
– Text-to-Image Generation Market
– Managed Live Chat Service Market
– Artificial intelligence market size was valued at USD 65.48 billion in 2020, and is projected to reach USD 1,581.70 billion by 2030, growing at a CAGR of 38.0% from 2021 to 2030.
– Automotive Artificial Intelligence market was valued at USD 2916 million in 2022 and is anticipated to reach USD 3607.5 million by 2029, witnessing a CAGR of 3.6% during the forecast period 2023-2029.
– Cloud Gaming market size is projected to reach USD 1169.1 million by 2027, from USD 133.7 million in 2020, at a CAGR of 35.4% during 2021-2027.
– In-game advertising market was valued at D6,816.6 million in 2021 and is projected to reach D17,591.6 million by 2030, growing at a CAGR of 11.0% from 2022 to 2030.
– The augmented and virtual reality market size was valued at USD 14.84 billion in 2020 and is projected to reach USD 454.73 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 40.7%.
– Deep Learning market size is projected to reach USD 11910 million by 2028, from USD 2671.2 million in 2021, at a CAGR of 23.6% during 2022-2028.
– Metaverse market size is projected to reach USD 28 Billion by 2028, from 510 USD Million in 2022, at a CAGR of 95% during 2022-2028.
– AI-driven Drug Discovery Market
– Voice Cloning market size is projected to reach USD 1723.9 million by 2028, from USD 364.8 million in 2021, at a CAGR of 24.6% during 2022-2028.
– Chatbots market size is projected to reach USD 3892.1 Million by 2028, from USD 1079.9 Million in 2021, at a CAGR of 20.0% during 2022-2028.
– The global conversational AI market size was valued at USD 5.78 billion in 2020 and is projected to reach USD 32.62 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 20.0% from 2021 to 2030.
– The global call center AI market was valued at USD 959.80 million in 2020, and is projected to reach USD 9,949.61 million by 2030, registering a Compound Annual Growth Rate (CAGR) of 26.3%.
– AI Chat Software Developers Market
– Live Chat Software market was valued at USD 627.1 million in 2022 and is anticipated to reach USD 889.6 million by 2029, witnessing a CAGR of 6.0% during the forecast period 2023-2029.
– The global Instant Messaging and Chat Software market size is projected to reach USD 41230 million by 2028, from USD 21910 million in 2021, at a CAGR of 9.3% during 2022-2028.
– Medical Artificial Intelligence Market
– BFSI Artificial Intelligence Market
– Business Chat Support Software Market
– Industrial Artificial Intelligence Market
– AI Governance market size is projected to reach USD 116.3 million by 2028, from USD 23 million in 2021, at a CAGR of 25.1% during 2022-2028.
– The Artificial Intelligence in healthcare market size was valued at USD 8.23 billion in 2020 and is projected to reach USD 194.4 billion by 2030, growing at a CAGR of 38.1% from 2021 to 2030.
– The Artificial Intelligence in healthcare market size was valued at USD 8.23 billion in 2020 and is projected to reach USD 194.4 billion by 2030, growing at a CAGR of 38.1% from 2021 to 2030.
– Machine Vision market size is projected to reach USD 11380 million by 2028, from USD 8374.8 million in 2021, at a CAGR of 4.0% during 2022-2028.
– Machine Translation Market size is estimated at USD 817.5 million in the year 2022, is projected to reach a revised size of USD 1627.5 million by 2028, growing at a CAGR of 12.2% during the forecast period 2022-2028.
– The global edge AI hardware market size was valued at USD 6.88 billion in 2020, and is projected to reach USD 38.87 billion by 2030, registering a CAGR of 18.8% from 2021 to 2030.
– The global Edge AI Software market was valued at USD 931.5 million in 2022 and is anticipated to reach USD 3519.4 million by 2029, witnessing a CAGR of 24.8% during the forecast period 2023-2029.
– Digital Content market size is projected to reach USD 241650 million by 2027, from USD 161540 million in 2020, at a CAGR of 5.9% during 2021-2027.
– Content Authoring Tools Market
Click here to see related reports on Synthetic Data Generation Market
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
CONTACT US:
Valuates Reports
[email protected]
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
https://reports.valuates.com/sitemap/html/reports/918
https://reports.valuates.com/sitemap/html/reports/919
https://reports.valuates.com/sitemap/html/reports/920
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/synthetic-data-generation-market-size-to-grow-usd-3-5-billion-by-2031-at-a-cagr-of-35-8–valuates-reports-301896969.html
Blockchain Press Releases
MEXC Announces Listing of Hyperlane (HYPER) with a 165,000 HYPER and 50,000 USDT Prize Pool
VICTORIA, Seychelles, April 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the Hyperlane (HYPER) listing on April 22, 2025(UTC).To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 165,000 HYPER and 50,000 USDT for new and existing users.
Hyperlane is the first permissionless, universal interoperability protocol dedicated to building a truly open and decentralized cross-chain communication infrastructure. As “The Open Interoperability Framework,” it enables anyone to freely expand, utilize, and customize the network, allowing developers to easily and securely build cross-chain applications and token bridges. To date, Hyperlane has connected over 140 blockchains, processed nearly 9 million cross-chain messages, and bridged more than $6 billion in volume through its Warp Routes.
$HYPER is the native token of the Hyperlane ecosystem, with an initial total supply of 1 billion tokens. It plays a critical role in securing the protocol through staking, rewarding validators for verifying cross-chain messages, incentivizing user-driven activity, and enabling community governance over protocol development.
To celebrate the listing, MEXC will launch an Airdrop+ event with substantial rewards for users:
Event Period: April 21, 2025, 10:00 – May 01, 2025, 10:00 (UTC)
Benefit 1: Deposit and share 120,000 HYPER (New user exclusive)
Benefit 2: Spot Challenge — Trade to share 15,000 HYPER (For all users)
Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
Benefit 4: Invite new users and share 30,000 HYPER (For all users)
MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends. MEXC will continue to expand its asset offerings and help users seize timely opportunities in the fast-moving crypto market.
For full event details and participation rules, please visit here.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
Photo – https://mma.prnewswire.com/media/2668781/1920×1080.jpg
Logo – https://mma.prnewswire.com/media/2668118/MEXC_new_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/mexc-announces-listing-of-hyperlane-hyper-with-a-165-000-hyper-and-50-000-usdt-prize-pool-302433327.html
Blockchain Press Releases
Introducing Clementine Bridge: Citrea Deploys First Complete BitVM Bridge Design on Testnet
Citrea’s Clementine Bridge marks the first time that a fully programmable layer is tested for settling on Bitcoin.
GEORGE TOWN, Cayman Islands, April 21, 2025 /PRNewswire/ — Citrea, the first ZK rollup to enhance capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps), has successfully deployed its Clementine Bridge, the first complete BitVM bridge design on Bitcoin Testnet. Citrea has also recently revealed Clementine’s whitepaper, marking the first real-world implementation of a BitVM-based bridge which extends BTC’s utility to decentralized finance in the most Bitcoin-secured and native way possible. With Clementine’s testnet deployment, Bitcoin is for the first time tested for optimistically verifying a fully programmable layer. The Clementine whitepaper is currently the only documentation of how to use BitVM in a bridge design with clear solutions toward a secure and efficient bridge implementation.
Despite being the world’s largest digital asset, BTC has struggled to build relevance in decentralized finance. A secure bridge between Bitcoin and a secondary layer has always been a bottleneck for using BTC in a programmable environment. This problem has forced users to either keep Bitcoin as a passive store of value or rely on custodians for using BTC in financial activities. Citrea’s BitVM-based Bitcoin bridge Clementine solves this by enabling the safest and most trust-minimized way to bridge BTC and extend its utility to decentralized finance.
Citrea’s Clementine bridge marks a historic moment for Bitcoin and a new beginning for BTC’s utility. “It felt like magic when we saw all the bridge components work smoothly in our internal tests and that any malicious act is stopped by a single honest actor,” said Ekrem Bal, Co-Creator of Citrea. “We’re now ready to test Clementine in a real Bitcoin Testnet environment and make it more battle-tested for Citrea mainnet.”
With the introduction of BitVM by a Bitcoin developer Robin Linus, verifying computations on Bitcoin and building Bitcoin-secured bridges became a possibility. Very soon after its introduction, Citrea team became a core contributor of BitVM and later a founding member of BitVM alliance, where BitVM’s fundamental technology of executing a fraud proof of a zero-knowledge (ZK) proof on Bitcoin was developed collaboratively. Although accomplishing a ZK proof verification on Bitcoin was a prerequisite, there were still critical problems to address to implement this fundamental technology securely and efficiently into a Bitcoin bridge design. A detailed breakdown of this can be found in Clementine’s whitepaper.
Clementine’s design and whitepaper introduce novel solutions to two main research topics in BitVM-based bridge implementation, namely Bitcoin chain fork selection and capital efficiency of operators. These topics have been critical to solve as they ensure both the bridge’s security and efficiency. Citrea’s Clementine bridge offers clear solutions to both of these problems:
- Bitcoin Chain Fork Selection: This is related to ensuring that the bridge follows the longest Bitcoin chain. It has been an open research topic where the BitVM creator introduced superblocks approach but its security was later found to be broken. Citrea introduces a new Bitcoin Light Client design that uses succinct Header Chain Proofs of Bitcoin. These proofs are aggregated by operators into a single BitVM proof.
- Capital Efficiency of Operators: This has been another limitation of implementing BitVM efficiently into a bridge design. With Citrea’s approach to non-standard Bitcoin transactions, operators can now process hundreds of withdrawals in parallel with a single collateral. Disproving only one withdrawal is enough to stop other malicious withdrawal processes.
Clementine’s design relies on zero-knowledge proofs, Bitcoin data availability, a novel Bitcoin Light Client design and BitVM. In the case of a malicious act, an honest watchtower provides a proof of the longest Bitcoin chain. Then the operator generates a proof verifying Citrea’s state, watchtowers’ challenges and payout for the withdrawal. If the operator is malicious, it won’t be able to generate such proof, resulting in slashing the operator. Clementine has three main bridge actors to ensure the system’s integrity:
- Signers enforce BitVM spendings by managing peg-ins through presign transactions
- Watchtowers are tasked with monitoring operators and challenging any malicious behavior by sending a proof of longest Bitcoin chain
- Operators, a group of profit-seeking entities, temporarily cover users’ withdrawals and are later reimbursed with presigned transactions.
Citrea: Bitcoin’s Application (₿app) Layer
Citrea extends Bitcoin’s utility without sacrificing its security. With zero-knowledge technology, Citrea enables Bitcoin to function as a fully programmable layer. With its Bitcoin bridge Clementine, Citrea offers the safest and most trust-minimized way to bridge BTC to a fully programmable secondary layer.
For the first time in its history, Bitcoin Network will be able to support diverse on-chain applications and its utility will be extended to decentralized finance.
Apply to Citrea’s unique incubation program ‘Citrea Origins‘ to build ₿apps.
For more information, please visit: Citrea website | Citrea X Account
View original content:https://www.prnewswire.co.uk/news-releases/introducing-clementine-bridge-citrea-deploys-first-complete-bitvm-bridge-design-on-testnet-302432655.html
PANAMA CITY, April 21, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, announces the listing of EPT, the native token for Balance.fun, for both spot trading and also on the BingX Xpool. The spot listing will commence on April 21 at 12:00 (UTC) while the Xpool launch will start on April 22 at 10:00 (UTC). BingX users can stake BTC and EPT in Xpool, though new users will have an additional option to stake USDT to win a bigger share of the reward pool that includes 2,000,000 EPT Points. The first 1000 new users who stake a minimum of 100 USDT will also be able to earn an additional bonus voucher worth 100 USDT.
EPT is the governance token of Balance, an AI-powered web3 experience infrastructure designed for the masses. This new digital asset will fuel the new Balance Platform to create an open and inclusive gaming ecosystem for both gamers and developers with fairness at its core. With the integration of AI and blockchain technology, games can be built and marketed more easily while allowing players to benefit from the enhanced and diversified gaming experience.
Users of the existing Epal platform can transfer their EPT tokens to BingX, enabling a reliable method to trade EPT or, alternatively, purchase EPT for governance purposes. Having a solid exchange to further explore the vast world of cryptocurrencies, this new listing further empowers both Epal and Balance users in the process.
Vivien Lin, Chief Product Officer of BingX, shared her thoughts on the new trading option and Xpool listing: “I think providing users with these new trading and early investment options is our responsibility as a responsible cryptocurrency exchange since some of our users rely on us to introduce such projects with such numerous functions across multiple subcategories”.
Visit bingx.com to join the Xpool starting April 22 and start trading EPT on spot from April 21. Whether you’re a gamer, builder, or crypto enthusiast, this is your chance to be part of a new decentralized chapter in entertainment.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information, please visit: https://bingx.com/
Photo – https://mma.prnewswire.com/media/2668931/BINGX.jpg
Logo – https://mma.prnewswire.com/media/2310183/BingX_logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bingx-brings-balance-ept-to-spot-with-a-200-million-ept-xpool-302433296.html
-
Blockchain Press Releases5 days agoHTX Completes Fireblocks Off-Exchange Integration, Advancing Institutional Trading Security and Efficiency
-
Blockchain5 days ago
Good Game Reality Show Reimagines Global Gaming Stardom with Tokenized Memberships and Real-Life Lounges
-
Blockchain Press Releases6 days ago
BTC Puts at 2023 Crisis Levels Amidst Tariff Storm: New Bybit x Block Scholes Crypto Derivatives Report
-
Blockchain6 days agoBlocks & Headlines: Today in Blockchain – April 15, 2025 | JPMorgan, Signing Day Sports, Moreno, Russia Global Forum, Kalp Studio
-
Blockchain5 days ago
Fifth Era Acquisition Corp I Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing April 21, 2025
-
Blockchain4 days ago
Relm Insurance and Liva Insurance Obtain Central Bank Approval in the UAE for Web3 Insurance Solutions
-
Blockchain5 days agoRWA Inc. Appoints Fintech Executive and Entrepreneur Shaunt Sarkissian to Its Board of Directors
-
Blockchain5 days ago
Blocks & Headlines: Today in Blockchain – April 16, 2025 – Featuring XYO, Solx, JP Morgan, Fuse, and Bybit
