Global Large Language Model (LLM) Market Research Report 2024

Global Large Language Model (LLM) Market Research Report 2024

Global Large Language Model (LLM) market size in terms of revenue is projected to reach 259,817.73 Million USD by 2030 from 1,590.93 Million USD in 2023, with a CAGR 79.80% during 2024-2030.

North America market for Large Language Model (LLM) is estimated to increase from 848.65 million USD in 2023 to reach 105,545.17 million USD by 2030, at a CAGR of 72.17% during the forecast period of 2024 through 2030.

Europe market for Large Language Model (LLM) is estimated to increase from 270.61 million USD in 2023 to reach 50,087.73 million USD by 2030, at a CAGR of 83.30% during the forecast period of 2024 through 2030.

Asia-Pacific market for Large Language Model (LLM) is estimated to increase from 416.56 million USD in 2023 to reach 94,027.10 million USD by 2030, at a CAGR of 89.21% during the forecast period of 2024 through 2030.

Latin America market for Large Language Model (LLM) is estimated to increase from 25.86 million USD in 2023 to reach 4,803.20 million USD by 2030, at a CAGR of 83.54% during the forecast period of 2024 through 2030.

Middle East and Africa market for Large Language Model (LLM) is estimated to increase from 29.25 million USD in 2023 to reach 5,354.53 million USD by 2030, at a CAGR of 82.85% during the forecast period of 2024 through 2030.

The major global manufacturers of Large Language Model (LLM) include Open AI(ChatGPT), Google(PaLM), Meta (LLaMA), AI21 Labs(Jurassic), Cohere, Anthropic(Claude), Microsoft(Turing-NLG, Orca), Huawei(Pangu), Naver(HyperCLOVA), Tencent(Hunyuan), etc. In 2023, the world's top five vendors accounted for approximately 88.22% of the revenue.

This report aims to provide a comprehensive presentation of the global market for Large Language Model (LLM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Large Language Model (LLM).

The Large Language Model (LLM) market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Large Language Model (LLM) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Large Language Model (LLM) companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

By Company

Open AI(ChatGPT)

Google(PaLM)

Meta (LLaMA)

AI21 Labs(Jurassic)

Cohere

Anthropic(Claude)

Microsoft(Turing-NLG, Orca)

Huawei(Pangu)

Naver(HyperCLOVA)

Tencent(Hunyuan)

Yandex(YaLM)

Amazon(Titan, Olympus)

Alibaba(Qwen)

Baidu (Ernie)

Technology Innovation Institute (TII) (Falcon)

Crowdworks

NEC

Segment by Type

Below 100 Billion Parameters

Above 100 Billion Parameters

Segment by Application

Chatbots and Virtual Assistants

Content Generation

Language Translation

Code Development

Sentiment Analysis

Medical Diagnosis and Treatment

Education

Others

By Region

North America

United States

Canada

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Australia

Rest of Asia

Europe

Germany

France

U.K.

Italy

Russia

Rest of Europe

South America

Mexico

Brazil

Rest of Latin America

Middle East & Africa

Saudi Arabia

UAE

Egypt

Israel

Rest of MEA

Chapter Outline

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.

Chapter 3: Detailed analysis of Large Language Model (LLM) company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 12: The main points and conclusions of the report.