
The definition of small language model is relative to large language model. It usually refers to a language model with smaller scale and fewer parameters. These models often perform better in a specific domain or task, but may not be able to handle a wide range of natural language tasks as well as large language models.
The global Small Language Model market was valued at US$ 5180 million in 2023 and is anticipated to reach US$ 17180 million by 2030, witnessing a CAGR of 17.8% during the forecast period 2024-2030.
Small language models can be combined with other technologies such as natural language processing, machine learning, etc. to further improve their performance and efficiency. For example, natural language processing techniques can be used to pre- and post-process input text to improve the accuracy of the model.
This report aims to provide a comprehensive presentation of the global market for Small Language Model, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Small Language Model.
Report Scope
The Small Language Model market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Small Language Model market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Small Language Model companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Llama 2 (Meta AI)
Phi2 (Microsoft)
Orca (Microsoft)
Stable Beluga 7B (Meta AI)
X Gen (Salesforce AI)
Qwen (Alibaba)
Alpaca 7B (Meta)
MPT (Mosaic ML)
Falcon 7B (Technology Innovation Institute (TII) from the UAE)
Zephyr (Hugging Face)
Segment by Type
Below 5 Billion Parameters
Above 5 Billion Parameters
Segment by Application
Artificial Intelligence Training
Chatbots and Virtual Assistants
Content Generation
Language Translation
Code Development
Medical Diagnosis and Treatment
Education
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Small Language Model companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Small Language Model Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Below 5 Billion Parameters
1.2.3 Above 5 Billion Parameters
1.3 Market by Application
1.3.1 Global Small Language Model Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Artificial Intelligence Training
1.3.3 Chatbots and Virtual Assistants
1.3.4 Content Generation
1.3.5 Language Translation
1.3.6 Code Development
1.3.7 Medical Diagnosis and Treatment
1.3.8 Education
1.3.9 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Small Language Model Market Perspective (2019-2030)
2.2 Small Language Model Growth Trends by Region
2.2.1 Global Small Language Model Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Small Language Model Historic Market Size by Region (2019-2024)
2.2.3 Small Language Model Forecasted Market Size by Region (2025-2030)
2.3 Small Language Model Market Dynamics
2.3.1 Small Language Model Industry Trends
2.3.2 Small Language Model Market Drivers
2.3.3 Small Language Model Market Challenges
2.3.4 Small Language Model Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Small Language Model Players by Revenue
3.1.1 Global Top Small Language Model Players by Revenue (2019-2024)
3.1.2 Global Small Language Model Revenue Market Share by Players (2019-2024)
3.2 Global Small Language Model Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Small Language Model Revenue
3.4 Global Small Language Model Market Concentration Ratio
3.4.1 Global Small Language Model Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Small Language Model Revenue in 2023
3.5 Small Language Model Key Players Head office and Area Served
3.6 Key Players Small Language Model Product Solution and Service
3.7 Date of Enter into Small Language Model Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Small Language Model Breakdown Data by Type
4.1 Global Small Language Model Historic Market Size by Type (2019-2024)
4.2 Global Small Language Model Forecasted Market Size by Type (2025-2030)
5 Small Language Model Breakdown Data by Application
5.1 Global Small Language Model Historic Market Size by Application (2019-2024)
5.2 Global Small Language Model Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Small Language Model Market Size (2019-2030)
6.2 North America Small Language Model Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Small Language Model Market Size by Country (2019-2024)
6.4 North America Small Language Model Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Small Language Model Market Size (2019-2030)
7.2 Europe Small Language Model Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Small Language Model Market Size by Country (2019-2024)
7.4 Europe Small Language Model Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Small Language Model Market Size (2019-2030)
8.2 Asia-Pacific Small Language Model Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Small Language Model Market Size by Region (2019-2024)
8.4 Asia-Pacific Small Language Model Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Small Language Model Market Size (2019-2030)
9.2 Latin America Small Language Model Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Small Language Model Market Size by Country (2019-2024)
9.4 Latin America Small Language Model Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Small Language Model Market Size (2019-2030)
10.2 Middle East & Africa Small Language Model Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Small Language Model Market Size by Country (2019-2024)
10.4 Middle East & Africa Small Language Model Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Llama 2 (Meta AI)
11.1.1 Llama 2 (Meta AI) Company Detail
11.1.2 Llama 2 (Meta AI) Business Overview
11.1.3 Llama 2 (Meta AI) Small Language Model Introduction
11.1.4 Llama 2 (Meta AI) Revenue in Small Language Model Business (2019-2024)
11.1.5 Llama 2 (Meta AI) Recent Development
11.2 Phi2 (Microsoft)
11.2.1 Phi2 (Microsoft) Company Detail
11.2.2 Phi2 (Microsoft) Business Overview
11.2.3 Phi2 (Microsoft) Small Language Model Introduction
11.2.4 Phi2 (Microsoft) Revenue in Small Language Model Business (2019-2024)
11.2.5 Phi2 (Microsoft) Recent Development
11.3 Orca (Microsoft)
11.3.1 Orca (Microsoft) Company Detail
11.3.2 Orca (Microsoft) Business Overview
11.3.3 Orca (Microsoft) Small Language Model Introduction
11.3.4 Orca (Microsoft) Revenue in Small Language Model Business (2019-2024)
11.3.5 Orca (Microsoft) Recent Development
11.4 Stable Beluga 7B (Meta AI)
11.4.1 Stable Beluga 7B (Meta AI) Company Detail
11.4.2 Stable Beluga 7B (Meta AI) Business Overview
11.4.3 Stable Beluga 7B (Meta AI) Small Language Model Introduction
11.4.4 Stable Beluga 7B (Meta AI) Revenue in Small Language Model Business (2019-2024)
11.4.5 Stable Beluga 7B (Meta AI) Recent Development
11.5 X Gen (Salesforce AI)
11.5.1 X Gen (Salesforce AI) Company Detail
11.5.2 X Gen (Salesforce AI) Business Overview
11.5.3 X Gen (Salesforce AI) Small Language Model Introduction
11.5.4 X Gen (Salesforce AI) Revenue in Small Language Model Business (2019-2024)
11.5.5 X Gen (Salesforce AI) Recent Development
11.6 Qwen (Alibaba)
11.6.1 Qwen (Alibaba) Company Detail
11.6.2 Qwen (Alibaba) Business Overview
11.6.3 Qwen (Alibaba) Small Language Model Introduction
11.6.4 Qwen (Alibaba) Revenue in Small Language Model Business (2019-2024)
11.6.5 Qwen (Alibaba) Recent Development
11.7 Alpaca 7B (Meta)
11.7.1 Alpaca 7B (Meta) Company Detail
11.7.2 Alpaca 7B (Meta) Business Overview
11.7.3 Alpaca 7B (Meta) Small Language Model Introduction
11.7.4 Alpaca 7B (Meta) Revenue in Small Language Model Business (2019-2024)
11.7.5 Alpaca 7B (Meta) Recent Development
11.8 MPT (Mosaic ML)
11.8.1 MPT (Mosaic ML) Company Detail
11.8.2 MPT (Mosaic ML) Business Overview
11.8.3 MPT (Mosaic ML) Small Language Model Introduction
11.8.4 MPT (Mosaic ML) Revenue in Small Language Model Business (2019-2024)
11.8.5 MPT (Mosaic ML) Recent Development
11.9 Falcon 7B (Technology Innovation Institute (TII) from the UAE)
11.9.1 Falcon 7B (Technology Innovation Institute (TII) from the UAE) Company Detail
11.9.2 Falcon 7B (Technology Innovation Institute (TII) from the UAE) Business Overview
11.9.3 Falcon 7B (Technology Innovation Institute (TII) from the UAE) Small Language Model Introduction
11.9.4 Falcon 7B (Technology Innovation Institute (TII) from the UAE) Revenue in Small Language Model Business (2019-2024)
11.9.5 Falcon 7B (Technology Innovation Institute (TII) from the UAE) Recent Development
11.10 Zephyr (Hugging Face)
11.10.1 Zephyr (Hugging Face) Company Detail
11.10.2 Zephyr (Hugging Face) Business Overview
11.10.3 Zephyr (Hugging Face) Small Language Model Introduction
11.10.4 Zephyr (Hugging Face) Revenue in Small Language Model Business (2019-2024)
11.10.5 Zephyr (Hugging Face) Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Llama 2 (Meta AI)
Phi2 (Microsoft)
Orca (Microsoft)
Stable Beluga 7B (Meta AI)
X Gen (Salesforce AI)
Qwen (Alibaba)
Alpaca 7B (Meta)
MPT (Mosaic ML)
Falcon 7B (Technology Innovation Institute (TII) from the UAE)
Zephyr (Hugging Face)
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*If Applicable.
