Latin America Small Language Model Market Size & Outlook
Latin America small language model market, 2018-2030 (US$M)
Latin America small language model market highlights
- The Latin America small language model market generated a revenue of USD 611.8 million in 2023.
- The market is expected to grow at a CAGR of 15.3% from 2024 to 2030.
- In terms of segment, machine learning based was the largest revenue generating technology in 2023.
- Machine Learning based is the most lucrative technology segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 611.8 million |
| Market revenue in 2030 | USD 1,656.6 million |
| Growth rate | 15.3% (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 |
| Key market players worldwide | Microsoft Corp, Salesforce Inc, Alibaba Group Holding Ltd ADR, Mosaic Manufacturing, Technology Innovation Institute |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.9% of the global small language model market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,481.5 million by 2030.
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Small Language Model Market Scope
Small Language Model Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 Latin America small language model market based on machine learning based covering the revenue growth of each sub-segment from 2018 to 2030.
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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 continent-level data and insights on the Latin America small language model market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America small language model market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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