IDC reports that China’s Model-as-a-Service (MaaS) market reached RMB 2.5 billion in the first half of 2024.
According to IDC’s latest study, China Model-as-a-Service (MaaS) and AI Large Model Solutions Market sector is forecast to maintain robust momentum through 2028, with a projected compound annual growth rate (CAGR) of 64.8%. By 2028, the MaaS market is expected to hit RMB 3.8 billion.
At the same time, the AI large model solutions market grew to RMB 1.38 billion in H1 2024. IDC anticipates a continued surge in this domain, predicting a 56.2% CAGR between 2024 and 2028, pushing the overall market value to RMB 21.1 billion by 2028.
IDC segments China’s AI large model ecosystem into two principal sub-markets:
Model-as-a-Service (MaaS)
Encompasses AI large model lifecycle toolchains and AI large model services delivered in a cloud-based manner, typically via APIs or conversational interfaces.
Excludes revenues purely from cloud infrastructure (IaaS) and computi...
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