Emerging Technology & Digital Transformation · Indirect
Monitoring · monthly
Procurement Category Intelligence

Prompt Engineering Services

Overview
Market size
$2.1B
global, USD
CAGR
32.5%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
6
tracked players
Signals
12
monitored

Market outlook

2031$8.6B

What changed

Demand by region

North America demand45%
Europe demand25%
Asia Pacific demand20%
Rest of world demand10%
share of global demandtotal 100%

Cost drivers

Engineering Labor and Talent65%
Computing and Model API Usage15%
Software Licensing and Tooling10%
Sales and Overhead10%
share of delivered cost (analyst estimate)

Supplier watchlist

6 tracked

Related categories

AI as a Service PlatformsLarge Language Model APIsMachine Learning Operations PlatformsAutoML PlatformsComputer Vision APIsSpeech Recognition ServicesNatural Language Processing APIsGenerative AI Platforms