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The small language model (SLM) market is forecasted to grow by USD 24.68 billion during 2024-2029, accelerating at a CAGR of 36.1% during the forecast period. The report on the small language model (SLM) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
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 rising demand for edge AI and on-device intelligence, growing adoption of multilingual and domain-specific AI, and advancements in model compression and efficient training techniques.
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 small language model (SLM) market is segmented as below:
By Component
- Solutions
- Services
By End-user
- IT and ITES
- Healthcare
- BFSI
- Education
- Others
By Deployment
- Cloud
- On-premises
- Hybrid
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the small language model (SLM) market covers the following areas:
- Small Language Model (SLM) Market sizing
- Small Language Model (SLM) Market forecast
- Small Language Model (SLM) Market industry analysis
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
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Component
8 Market Segmentation by End-user
9 Market Segmentation by Deployment
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global small language model (SLM) market: Alibaba Cloud, Anthropic, Apple Inc., Cerebras, Cohere, EleutherAI, Google LLC, Hugging Face, International Business Machines Corp., Lamini AI, Meta Platforms Inc., Microsoft Corp., Mistral AI, NVIDIA Corp., OpenAI, Salesforce Inc., and Stability AI.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is shift toward open-source and community-driven model development."
According to the report, one of the major drivers for this market is the rising demand for edge AI and on-device intelligence.
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:
- Alibaba Cloud
- Anthropic
- Apple Inc.
- Cerebras
- Cohere
- EleutherAI
- Google LLC
- Hugging Face
- International Business Machines Corp.
- Lamini AI
- Meta Platforms Inc.
- Microsoft Corp.
- Mistral AI
- NVIDIA Corp.
- OpenAI
- Salesforce Inc.
- Stability AI
