Large Language Model Market Size, Share & Trends Analysis Report By Application (Customer Service, Content Generation), By Deployment, By Industry Vertical, By Region, And Segment Forecasts, 2024 - 2030

Large Language Model Market Size, Share & Trends Analysis Report By Application (Customer Service, Content Generation), By Deployment, By Industry Vertical, By Region, And Segment Forecasts, 2024 - 2030


Large Language Model Market Growth & Trends

The global large language model market size is anticipated to reach USD 35.43 billion by 2030 and it is projected to grow at a CAGR of 35.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for Natural Language Processing (NLP) applications is propelling the large language model (llm) market growth. These models encompass various tasks like condensing text, analyzing sentiments, generating content, translating languages, and creating chatbots and virtual assistants. These large language models play a crucial role in the age of conversational AI and data-centric decision-making by serving as the foundation for interpreting, analyzing, and generating human-like text, enabling these applications.

Large language models play a key role in content creation, increasingly utilized by businesses to automate the generation of marketing, journalism, and advertising materials. Owing to this automation, these models have become indispensable for content-centric enterprises, ensuring not only time and cost savings but also consistent and high-quality outputs. Robust language models capable of comprehending and processing vast amounts of digital text data from sources like social media, websites, and documents have become imperative due to the sheer abundance of such data. Improved training methods for large language models now enable more effective and precise responses that align better with context and accuracy.

In North America, there has been a noteworthy shift toward the development of robust ethical structures and the promotion of responsible AI use, particularly regarding large language models. The focus on developing and adhering to ethical norms when deploying these models has intensified as concerns about prejudice, fairness, and ethical implications of AI grow. Companies and other organizations are actively engaged in discussions and initiatives addressing ethical challenges, with an emphasis on ensuring that AI systems are transparent, equitable, and responsible. There's also a noticeable attempt to adhere to governance standards and laws designed with large language models in mind.

Large Language Model Market Report Highlights
  • In terms of application, the chatbots and virtual assistant segment led the market in 2023 with largest revenue share of 26.4%. This technology is rising to prominence as a key instrument in the field of personalized language learning, using AI-powered interactions to deliver individualized instruction
  • Based on deployment, on-premises segment held the largest market revenue share of 56.86% in 2023 and is progressively adjusting to hybrid models, which combine cloud-based capabilities with local infrastructure to give customers more freedom while preserving control and security over their data
  • Based on industry vertical, the retail and e-commerce segment held the largest market in 2023, as the industry vertical segment is seeing an increase in the need for multilingual customer care programs and material created specifically for each language, to improve customer satisfaction in a variety of international markets
  • In October 2023, Baidu launched ERNIE 4.0, the company's most potent and advanced foundation model, which offers significantly improved fundamental AI capabilities. After a complete overhaul, ERNIE 4.0 now performs significantly better in understanding, generation, reasoning, and memory. These four fundamental skills, which serve as the cornerstone of AI-native applications, have now opened up countless avenues for creativity
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Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Large Language Models Market Variables, Trends, & Scope
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Industry Value Chain Analysis
3.4. Market Dynamics
3.4.1. Market Drivers Analysis
3.4.2. Market Restraints Analysis
3.4.3. Industry Opportunities
3.4.4. Industry Challenges
3.5. Large Language Models Market Analysis Tools
3.5.1. Porter’s Analysis
3.5.1.1. Bargaining power of the suppliers
3.5.1.2. Bargaining power of the buyers
3.5.1.3. Threats of substitution
3.5.1.4. Threats from new entrants
3.5.1.5. Competitive rivalry
3.5.2. PESTEL Analysis
3.5.2.1. Political landscape
3.5.2.2. Economic and Social landscape
3.5.2.3. Technological landscape
3.5.2.4. Environmental landscape
3.5.2.5. Legal landscape
Chapter 4. Large Language Models Market: Application Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Large Language Models Market: Application Movement Analysis, 2023 & 2030 (USD Million)
4.3. Customer Service
4.3.1. Customer Service Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.4. Content generation
4.4.1. Content generation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.5. Sentiment analysis
4.5.1. Sentiment analysis Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.6. Code generation
4.6.1. Code generation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.7. Chatbots and Virtual Assistant
4.7.1. Chatbots and Virtual Assistant Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
4.8. Language Translation
4.8.1. Language Translation Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Large Language Models Market: Deployment Estimates & Trend Analysis
5.1. Segment Dashboard
5.2. Large Language Models Market: Deployment Movement Analysis, 2023 & 2030 (USD Million)
5.3. Cloud
5.3.1. Cloud Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
5.4. On-Premises
5.4.1. On-Premises Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Large Language Models Market: Industry Vertical Estimates & Trend Analysis
6.1. Segment Dashboard
6.2. Large Language Models Market: Industry Vertical Movement Analysis, 2023 & 2030 (USD Million)
6.3. Healthcare
6.3.1. Healthcare Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.4. Finance
6.4.1. Finance Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.5. Retail and E-commerce
6.5.1. Retail and E-commerce Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.6. Media and entertainment
6.6.1. Media and entertainment Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
6.7. Others
6.7.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Large Language Models Market: Regional Estimates & Trend Analysis
7.1. Large Language Models Market Share, By Region, 2023 & 2030, USD Million
7.2. North America
7.2.1. North America Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.2.2. U.S.
7.2.2.1. U.S. Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.2.3. Canada
7.2.3.1. Canada Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.3. Europe
7.3.1. Europe Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.3.2. UK
7.3.2.1. UK Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.3.3. Germany
7.3.3.1. Germany Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.3.4. France
7.3.4.1. France Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Asia Pacific Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.4.2. China
7.4.2.1. China Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.4.3. Japan
7.4.3.1. Japan Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.4.4. India
7.4.4.1. India Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.4.5. South Korea
7.4.5.1. South Korea Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.4.6. Australia
7.4.6.1. Australia Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.5. Latin America
7.5.1. Latin America Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.5.2. Brazil
7.5.2.1. Brazil Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.5.3. Mexico
7.5.3.1. Mexico Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.6. Middle East and Africa
7.6.1. Middle East and Africa Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.6.1.1. KSA Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.6.2. UAE
7.6.2.1. UAE Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
7.6.3. South Africa
7.6.3.1. South Africa Large Language Models Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis by Key Market Participants
8.2. Company Categorization
8.3. Company Market Positioning
8.4. Company Market Share Analysis
8.5. Company Heat Map Analysis
8.6. Strategy Mapping
8.6.1. Expansion
8.6.2. Mergers & Acquisition
8.6.3. Partnerships & Collaborations
8.6.4. New Product Launches
8.6.5. Research And Development
8.7. Company Profiles
8.7.1. Alibaba Group Holding Limited.
8.7.1.1. Participant’s Overview
8.7.1.2. Financial Performance
8.7.1.3. Product Benchmarking
8.7.1.4. Recent Developments
8.7.2. Amazon.com, Inc.
8.7.2.1. Participant’s Overview
8.7.2.2. Financial Performance
8.7.2.3. Product Benchmarking
8.7.2.4. Recent Developments
8.7.3. Baidu, Inc.
8.7.3.1. Participant’s Overview
8.7.3.2. Financial Performance
8.7.3.3. Product Benchmarking
8.7.3.4. Recent Developments
8.7.4. Google LLC
8.7.4.1. Participant’s Overview
8.7.4.2. Financial Performance
8.7.4.3. Product Benchmarking
8.7.4.4. Recent Developments
8.7.5. Huawei Technologies Co., Ltd.
8.7.5.1. Participant’s Overview
8.7.5.2. Financial Performance
8.7.5.3. Product Benchmarking
8.7.5.4. Recent Developments
8.7.6. Meta Platforms, Inc.
8.7.6.1. Participant’s Overview
8.7.6.2. Financial Performance
8.7.6.3. Product Benchmarking
8.7.6.4. Recent Developments
8.7.7. Microsoft Corporation
8.7.7.1. Participant’s Overview
8.7.7.2. Financial Performance
8.7.7.3. Product Benchmarking
8.7.7.4. Recent Developments
8.7.8. OpenAI LP
8.7.8.1. Participant’s Overview
8.7.8.2. Financial Performance
8.7.8.3. Product Benchmarking
8.7.8.4. Recent Developments
8.7.9. Tencent Holdings Limited
8.7.9.1. Participant’s Overview
8.7.9.2. Financial Performance
8.7.9.3. Product Benchmarking
8.7.9.4. Recent Developments
8.7.10. Yandex N.V
8.7.10.1. Participant’s Overview
8.7.10.2. Financial Performance
8.7.10.3. Product Benchmarking
8.7.10.4. Recent Developments

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