Small Language Model Market Growth Estimated at 23.6% CAGR to 2034
The global Small Language Model (SLM) market is on the cusp of revolutionary expansion, fueled by the accelerating demand for efficient, privacy-preserving, and specialized AI capabilities across diverse applications. Valued at USD 6.98 billion in 2024, the market is expected to surge to USD 8.62 billion by 2025 and an impressive USD 58.05 billion