Speak directly to the analyst to clarify any post sales queries you may have.
The model evaluation and benchmarking tools market is forecasted to grow by USD 16.06 billion during 2024-2029, accelerating at a CAGR of 17.9% during the forecast period. The report on the model evaluation and benchmarking tools market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by proliferation and increasing complexity of AI models, rising imperative for responsible AI and regulatory scrutiny, and maturation of mlops and drive for operational efficiency.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The model evaluation and benchmarking tools market is segmented as below:
By Component
- Software or platforms
- Services
By Deployment
- On-premises
- Cloud-based
- Hybrid
By Industry Application
- BFSI
- Healthcare and life sciences
- IT and telecommunications
- Retail and E-commerce
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the specialized evaluation frameworks for generative AI and LLMs as one of the prime reasons driving the model evaluation and benchmarking tools market growth during the next few years. Also, convergence of evaluation and monitoring into AI observability and ascendancy of open-source tools and community-driven standards will lead to a sizable demand in the market.
The report on the model evaluation and benchmarking tools market covers the following areas:
- Model Evaluation and Benchmarking Tools Market Sizing
- Model Evaluation and Benchmarking Tools Market Forecast
- Model Evaluation and Benchmarking Tools Market Industry Analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading model evaluation and benchmarking tools market vendors that include Amazon.com Inc., Anthropic, Arize AI, Inc., Comet ML Inc., Databricks Inc., Evidently AI, Fiddler Labs Inc., Google LLC, Hugging Face, International Business Machines Corp., Microsoft Corp., Scale, Seldon Technologies, Weights and Biases, and WhyLabs, Inc. Also, the model evaluation and benchmarking tools market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
Executive Summary
The following companies are recognized as the key players in the global model evaluation and benchmarking tools market: Amazon.com Inc., Anthropic, Arize AI, Inc., Comet ML Inc., Databricks Inc., Evidently AI, Fiddler Labs Inc., Google LLC, Hugging Face, International Business Machines Corp., Microsoft Corp., Scale, Seldon Technologies, Weights and Biases, and WhyLabs, Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is specialized evaluation frameworks for generative ai and llms."
According to the report, one of the major drivers for this market is the proliferation and increasing complexity of ai models.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amazon.com Inc.
- Anthropic
- Arize AI Inc.
- Comet ML Inc.
- Databricks Inc.
- Evidently AI
- Fiddler Labs Inc.
- Google LLC
- Hugging Face
- International Business Machines Corp.
- Microsoft Corp.
- Scale
- Seldon Technologies
- Weights and Biases
- WhyLabs Inc.
