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Global Large Language Model (LLM) Market Size study, by Application (Customer Service, Content Generation, Sentiment Analysis, Code Generation, Chatbots and Virtual Assistant, Language Translation), by Deployment (Cloud, On-premises), by Industry Vertical (Healthcare, Finance, Retail and E-commerce, Media and Entertainment, Others), and Regional Forecasts 2022-2032

August 2024 | 200 pages | ID: G17FE1183EF0EN
Bizwit Research & Consulting LLP

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Global Large Language Model (LLM) Market was valued at approximately USD 4.35 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 35.9% from 2024 to 2032. Large Language Model (LLM) is an advanced artificial intelligence system trained on extensive text data to understand and generate human-like language. Utilizing deep learning techniques, LLMs, such as OpenAI's GPT-4, can perform various language tasks, including translation, summarization, and question-answering. These models learn context and nuances from vast datasets, enabling them to produce coherent and contextually relevant text. Their applications span numerous fields, from customer service to content creation, significantly enhancing automated language processing capabilities.
The Global Large Language Model (LLM) Market is driven by integration of zero human intervention features in training systems is significantly accelerating the large language models (LLMs) market. This innovation enhances efficiency by allowing models to autonomously learn and adapt without constant manual oversight, thereby reducing time and resource demands substantially. The extensive availability of internet data is a major propellant for the LLM market. This abundance serves as a critical resource, enabling LLMs to learn from diverse and vast sources, thereby enhancing their performance and adaptability. This continuous improvement in LLM technology, driven by the vast internet data, broadens their applications across numerous industries, thereby boosting their market adoption and growth. Moreover, Advancements in machine learning algorithms, particularly in natural language processing and neural network architectures, are pivotal in enhancing the capabilities of large language models. However, vulnerability to cyberattacks is going to impede the overall demand for the market during the forecast period 2024-2032.
The key regions considered for the Global Large Language Model (LLM) Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, North America held the largest revenue share owing to rapid evolution and advancement of LLM technology in the region. Various sectors such as tech, finance, healthcare, and entertainment are early adopters of LLMs, driving demand and encouraging further innovation, solidifying the region’s market dominance. Moreover, North America provides access to extensive resources including computing infrastructure, data, and collaboration opportunities. Furthermore, Asia Pacific is expected to witness significant growth over the forecast period, driven by its vast and diverse market with a growing digital population. The region's market expansion presents ample opportunities for LLM adoption across various industries and consumer segments. The emergence of innovative startups and tech companies specializing in AI and natural language processing in Asia Pacific is also contributing to the development and adoption of LLMs, offering unique solutions to the market.
Major market players included in this report are:
Alibaba Group Holding Limited
Amazon.com, Inc.
Baidu, Inc.
Huawei Technologies Co., Ltd.
Meta Platforms, Inc.
Tencent Holdings Limited
Google LLC
Microsoft Corporation
OpenAI LP
Yandex
The detailed segments and sub-segment of the market are explained below:
By Application:
• Customer Service
• Content Generation
• Sentiment Analysis
• Code Generation
• Chatbots and Virtual Assistant
• Language Translation
By Deployment:
• Cloud
• On-premises
By Industry Vertical:
• Healthcare
• Finance
• Retail and E-commerce
• Media and Entertainment
• Others (Education, Legal, Gaming)
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE
Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC
Latin America
• Brazil
• Mexico
• RoLA
Middle East & Africa
• Saudi Arabia
• South Africa
• RoMEA
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market
CHAPTER 1. GLOBAL LARGE LANGUAGE MODEL (LLM) MARKET EXECUTIVE SUMMARY

1.1. Global Large Language Model (LLM) Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Application
  1.3.2. By Deployment
  1.3.3. By Industry Vertical
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL LARGE LANGUAGE MODEL (LLM) MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL LARGE LANGUAGE MODEL (LLM) MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rise of Zero Human Intervention in Training Systems
  3.1.2. Abundant Availability of Internet Data
  3.1.3. Advancements in Machine Learning Algorithms
3.2. Market Challenges
  3.2.1. Vulnerability to Cyberattacks
3.3. Market Opportunities
  3.3.1. Growing Adoption in Asia Pacific
  3.3.2. Increasing Applications Across Various Industries

CHAPTER 4. GLOBAL LARGE LANGUAGE MODEL (LLM) MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL LARGE LANGUAGE MODEL (LLM) MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

5.1. Segment Dashboard
5.2. Global Large Language Model (LLM) Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Customer Service
  5.2.2. Content Generation
  5.2.3. Sentiment Analysis
  5.2.4. Code Generation
  5.2.5. Chatbots and Virtual Assistant
  5.2.6. Language Translation

CHAPTER 6. GLOBAL LARGE LANGUAGE MODEL (LLM) MARKET SIZE & FORECASTS BY DEPLOYMENT 2022-2032

6.1. Segment Dashboard
6.2. Global Large Language Model (LLM) Market: Deployment Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Cloud
  6.2.2. On-premises

CHAPTER 7. GLOBAL LARGE LANGUAGE MODEL (LLM) MARKET SIZE & FORECASTS BY INDUSTRY VERTICAL 2022-2032

7.1. Segment Dashboard
7.2. Global Large Language Model (LLM) Market: Industry Vertical Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Healthcare
  7.2.2. Finance
  7.2.3. Retail and E-commerce
  7.2.4. Media and Entertainment
  7.2.5. Others (Education, Legal, Gaming)

CHAPTER 8. GLOBAL LARGE LANGUAGE MODEL (LLM) MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1. North America Large Language Model (LLM) Market
  8.1.1. U.S. Large Language Model (LLM) Market
    8.1.1.1. Application breakdown size & forecasts, 2022-2032
    8.1.1.2. Deployment breakdown size & forecasts, 2022-2032
    8.1.1.3. Industry Vertical breakdown size & forecasts, 2022-2032
  8.1.2. Canada Large Language Model (LLM) Market
    8.1.2.1. Application breakdown size & forecasts, 2022-2032
    8.1.2.2. Deployment breakdown size & forecasts, 2022-2032
    8.1.2.3. Industry Vertical breakdown size & forecasts, 2022-2032
8.2. Europe Large Language Model (LLM) Market
  8.2.1. U.K. Large Language Model (LLM) Market
  8.2.2. Germany Large Language Model (LLM) Market
  8.2.3. France Large Language Model (LLM) Market
  8.2.4. Spain Large Language Model (LLM) Market
  8.2.5. Italy Large Language Model (LLM) Market
  8.2.6. Rest of Europe Large Language Model (LLM) Market
8.3. Asia Pacific Large Language Model (LLM) Market
  8.3.1. China Large Language Model (LLM) Market
  8.3.2. India Large Language Model (LLM) Market
  8.3.3. Japan Large Language Model (LLM) Market
  8.3.4. Australia Large Language Model (LLM) Market
  8.3.5. South Korea Large Language Model (LLM) Market
  8.3.6. Rest of Asia Pacific Large Language Model (LLM) Market
8.4. Latin America Large Language Model (LLM) Market
  8.4.1. Brazil Large Language Model (LLM) Market
  8.4.2. Mexico Large Language Model (LLM) Market
  8.4.3. Rest of Latin America Large Language Model (LLM) Market
8.5. Middle East & Africa Large Language Model (LLM) Market
  8.5.1. Saudi Arabia Large Language Model (LLM) Market
  8.5.2. South Africa Large Language Model (LLM) Market
  8.5.3. Rest of Middle East & Africa Large Language Model (LLM) Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Alibaba Group Holding Limited
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. Amazon.com, Inc.
  9.3.3. Baidu, Inc.
  9.3.4. Huawei Technologies Co., Ltd.
  9.3.5. Meta Platforms, Inc.
  9.3.6. Tencent Holdings Limited
  9.3.7. Google LLC
  9.3.8. Microsoft Corporation
  9.3.9. OpenAI LP
  9.3.10. Yandex

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Large Language Model (LLM) market, report scope
TABLE 2. Global Large Language Model (LLM) market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Large Language Model (LLM) market estimates & forecasts by Application 2022-2032 (USD Billion)
TABLE 4. Global Large Language Model (LLM) market estimates & forecasts by Deployment 2022-2032 (USD Billion)
TABLE 5. Global Large Language Model (LLM) market estimates & forecasts by Industry Vertical 2022-2032 (USD Billion)
TABLE 6. Global Large Language Model (LLM) market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Large Language Model (LLM) market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Large Language Model (LLM) market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Large Language Model (LLM) market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Large Language Model (LLM) market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Large Language Model (LLM) market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Large Language Model (LLM) market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Large Language Model (LLM) market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Large Language Model (LLM) market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Large Language Model (LLM) market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Large Language Model (LLM) market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Large Language Model (LLM) market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Large Language Model (LLM) market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Large Language Model (LLM) market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Large Language Model (LLM) market estimates & forecasts by segment 2022-2032 (USD Billion)
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable

LIST OF FIGURES

FIG 1. Global Large Language Model (LLM) market, research methodology
FIG 2. Global Large Language Model (LLM) market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global Large Language Model (LLM) market, key trends 2023
FIG 5. Global Large Language Model (LLM) market, growth prospects 2022-2032
FIG 6. Global Large Language Model (LLM) market, porters 5 force model
FIG 7. Global Large Language Model (LLM) market, PESTEL analysis
FIG 8. Global Large Language Model (LLM) market, value chain analysis
FIG 9. Global Large Language Model (LLM) market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Large Language Model (LLM) market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Large Language Model (LLM) market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Large Language Model (LLM) market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Large Language Model (LLM) market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Large Language Model (LLM) market, regional snapshot 2022 & 2032
FIG 15. North America Large Language Model (LLM) market 2022 & 2032 (USD Billion)
FIG 16. Europe Large Language Model (LLM) market 2022 & 2032 (USD Billion)
FIG 17. Asia Pacific Large Language Model (LLM) market 2022 & 2032 (USD Billion)
FIG 18. Latin America Large Language Model (LLM) market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Large Language Model (LLM) market 2022 & 2032 (USD Billion)
FIG 20. Global Large Language Model (LLM) market, company market share analysis (2023)
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable


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