North America Large Language Model Powered Tools Market Size, Share & Trends Analysis Report By Deployment (Cloud, and On-Premises), By Type, By Application, By Country and Growth Forecast, 2024 - 2031
The North America Large Language Model Powered Tools Market would witness market growth of 44.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Large Language Model Powered Tools Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,034.4 million by 2031. The Canada market is experiencing a CAGR of 47.7% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 46.6% during (2024 - 2031).
LLM-powered tools have significantly enhanced the accuracy and efficiency of translation services, enabling seamless multilingual communication. Industries like tourism, international trade, and customer service have become highly dependent on real-time translation to facilitate their operations.
Moreover, Businesses, especially those involved in cross-border interactions, rely on these tools for international meetings, conferences, and customer support, where accurate and fast translation is essential to ensure smooth communication.
The North American market for large language model powered tools is experiencing robust growth, driven by the high adoption of AI technologies, increasing automation, and the need for advanced data analytics. Through partnerships between the public and private sectors, regulatory frameworks, and funding, governments in the region are crucially fostering the development of AI. The United States leads North America in adopting artificial intelligence (AI), significantly driving the demand for LLM-powered tools. According to the US Government, the President’s Budget includes $30 million for the National AI Research Resource pilot (NAIRR). This is crucial in building a shared research infrastructure to strengthen and democratize access to computing and data resources for bold AI discoveries and innovations.
Based on Deployment, the market is segmented into Cloud, and On-Premises. Based on Type, the market is segmented into General-Purpose Tools, Domain-Specific Tools, and Task-Specific Tools. Based on Application, the market is segmented into Content Generation, Customer Support, Language Translation, Creative Arts, Data Analysis & Insights, Software Development, Personalization, and Education & Training. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- OpenAI, LLC
- Google LLC (Alphabet Inc.)
- Microsoft Corporation
- IBM Corporation
- Oracle Corporation
- Meta Platforms, Inc.
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Salesforce, Inc.
- Hewlett Packard Enterprise Company
- NVIDIA Corporation
By Deployment
- Cloud
- On-Premises
- General-Purpose Tools
- Domain-Specific Tools
- Task-Specific Tools
- Content Generation
- Customer Support
- Language Translation
- Creative Arts
- Data Analysis & Insights
- Software Development
- Personalization
- Education & Training
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Large Language Model Powered Tools Market, by Deployment
- 1.4.2 North America Large Language Model Powered Tools Market, by Type
- 1.4.3 North America Large Language Model Powered Tools Market, by Application
- 1.4.4 North America Large Language Model Powered Tools Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2023, Feb – 2024, Sep) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Large Language Model Powered Tools Market by Deployment
- 5.1 North America Cloud Market by Country
- 5.2 North America On-Premises Market by Country
- Chapter 6. North America Large Language Model Powered Tools Market by Type
- 6.1 North America General-Purpose Tools Market by Country
- 6.2 North America Domain-Specific Tools Market by Country
- 6.3 North America Task-Specific Tools Market by Country
- Chapter 7. North America Large Language Model Powered Tools Market by Application
- 7.1 North America Content Generation Market by Country
- 7.2 North America Customer Support Market by Country
- 7.3 North America Language Translation Market by Country
- 7.4 North America Creative Arts Market by Country
- 7.5 North America Data Analysis & Insights Market by Country
- 7.6 North America Software Development Market by Country
- 7.7 North America Personalization Market by Country
- 7.8 North America Education & Training Market by Country
- Chapter 8. North America Large Language Model Powered Tools Market by Country
- 8.1 US Large Language Model Powered Tools Market
- 8.1.1 US Large Language Model Powered Tools Market by Deployment
- 8.1.2 US Large Language Model Powered Tools Market by Type
- 8.1.3 US Large Language Model Powered Tools Market by Application
- 8.2 Canada Large Language Model Powered Tools Market
- 8.2.1 Canada Large Language Model Powered Tools Market by Deployment
- 8.2.2 Canada Large Language Model Powered Tools Market by Type
- 8.2.3 Canada Large Language Model Powered Tools Market by Application
- 8.3 Mexico Large Language Model Powered Tools Market
- 8.3.1 Mexico Large Language Model Powered Tools Market by Deployment
- 8.3.2 Mexico Large Language Model Powered Tools Market by Type
- 8.3.3 Mexico Large Language Model Powered Tools Market by Application
- 8.4 Rest of North America Large Language Model Powered Tools Market
- 8.4.1 Rest of North America Large Language Model Powered Tools Market by Deployment
- 8.4.2 Rest of North America Large Language Model Powered Tools Market by Type
- 8.4.3 Rest of North America Large Language Model Powered Tools Market by Application
- Chapter 9. Company Profiles
- 9.1 OpenAI, L.L.C.
- 9.1.1 Company Overview
- 9.1.2 Recent strategies and developments:
- 9.1.2.1 Partnerships, Collaborations, and Agreements:
- 9.1.2.2 Acquisition and Mergers:
- 9.1.3 SWOT Analysis
- 9.2 Google LLC (Alphabet Inc.)
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Microsoft Corporation
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 IBM Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional & Segmental Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Product Launches and Product Expansions:
- 9.4.6 SWOT Analysis
- 9.5 Oracle Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
- 9.6 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental Analysis
- 9.6.4 Recent strategies and developments:
- 9.6.4.1 Partnerships, Collaborations, and Agreements:
- 9.6.5 SWOT Analysis
- 9.7 Meta Platforms, Inc.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segment and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Product Launches and Product Expansions:
- 9.7.6 SWOT Analysis
- 9.8 Salesforce, Inc.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Regional Analysis
- 9.8.4 Research & Development Expenses
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Product Launches and Product Expansions:
- 9.8.6 SWOT Analysis
- 9.9 Hewlett Packard Enterprise Company
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expense
- 9.9.5 Recent strategies and developments:
- 9.9.5.1 Product Launches and Product Expansions:
- 9.9.6 SWOT Analysis
- 9.10. NVIDIA Corporation
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 Research & Development Expenses
- 9.10.5 Recent strategies and developments:
- 9.10.5.1 Partnerships, Collaborations, and Agreements:
- 9.10.5.2 Product Launches and Product Expansions:
- 9.10.6 SWOT Analysis
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