Global Small Language Model Market Size & Outlook
Global small language model market, 2018-2030 (US$M)
Global small language model market highlights
- The global small language model market generated a revenue of USD 7,761.1 million in 2023 and is expected to reach USD 20,707.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 15.1% by 2030.
- In terms of segment, machine learning based accounted for a revenue of USD 7,761.1 million in 2023.
- Machine Learning based is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 7,761.1 million |
| Market revenue in 2030 | USD 20,707.7 million |
| Growth rate | 15.1% (CAGR from 2023 to 2030) |
| Largest segment | Machine learning based |
| Fastest growing segment | Machine Learning based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Machine Learning based |
Other key industry trends
- In terms of revenue, the North America accounted for 31.7% of the global small language model market in 2023.
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Small Language Model Market Scope
Small Language Model Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global small language model market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to small language model market will help companies and investors design strategic landscapes.
Machine learning based was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global small language model market based on machine learning based covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Small Language Model Technology Outlook (Revenue, USD Million, 2018-2030)
- Machine Learning based
- Rule based system
- Deep Learing Based
- Global Small Language Model Deployment Outlook (Revenue, USD Million, 2018-2030)
- Cloud
- On-Premises
- Hybrid
- Global Small Language Model Application Outlook (Revenue, USD Million, 2018-2030)
- Consumer Applications
- Enterprise Applications
- Healthcare
- Finance
- Retail
- Legal
- Others
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Target buyers of Global small language model market databook
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Our clientele includes a mix of small language model market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global small language model market , including forecasts for subscribers. This global databook contains high-level insights into Global small language model market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global small language model market size, by regions, 2018-2030 (US$M)
Related regional statistics
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