Global Prompt Engineering Market Overview:
Prompt engineering is the process of structuring instructions that can be interpreted and understood using a generative AI model. Emerging market of prompt engineering deals with the elaboration of strategies and practices to create and tune appropriate promps that shape the generative AI solutions, including GPT-4. Applications are in advancing text generation through AI, text understanding tasks which AI employs, and human computer interfaces. Uses include in customer relations, education, writing, and data crunching. Developments occurring in this market include the enhancement of the level of complexity of the design of the prompts, their implementation as critical components of the AI training process, and the emergence of tools and platforms focused on the improvement of the prompts. The growth of the market is caused by the demand for the higher relevance of the AI answers and the increase in the use of the generative AI in different spheres.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Popularity of Cloud-based Platforms and Integration of Prompt Engineering in Cloud Computing
Market Growth Drivers:
Increased Adoption of Generative AI Across Various Industries and Collaboration Between Humans And AI Systems to Improve Prompt Quality
Challenges:
Lack of Skilled Professionals
Restraints:
Complexity of Prompt Optimization Techniques and Data Privacy & Security Concerns
Opportunities:
Demand of Personalized Content and Marketing Materials that are Tailored to Specific Audiences
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Some of the key players profiled in the report are Salesforce, Inc. (United States), AIPRM (United States), A3Logics (India), Promptmetheus (Portugal), Amazon Web Services, Inc. (United States), Vocify Inc. (United States), Prompt Genie (South Korea), Curved Stone Limited. (United Kingdom), PromptLeo (Germany) and Google LLC (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Prompt Engineering market by 2030. Considering Market by Industry Vertical, the sub-segment i.e. Healthcare will boost the Prompt Engineering market. Considering Market by Methods, the sub-segment i.e. N-Shot Prompting will boost the Prompt Engineering market.
What Can be Explored with the Prompt Engineering Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Prompt Engineering Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Prompt Engineering
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Prompt Engineering market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Prompt Engineering market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Prompt Engineering Solution Providers, Venture Capitalists and Private Equity Firms, Software Development Companies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.