조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년03월
Large Language Model Market – Global Forecast to 2030
대형 언어 모델 (LLM) 시장 : 오퍼링 [소프트웨어(도메인별 LLM, 범용 LLM), 서비스], 양식(코드, 비디오, 텍스트, 이미지), 용도(정보 검색, 코드 생성), 최종 사용자 및 지역별 – 2030년까지의 세계 예측
Large Language Model (LLM) Market by Offering (Software (Domain-specific LLMs, General-purpose LLMs), Services), Modality (Code, Video, Text, Image), Application (Information Retrieval, Code Generation), End User and Region – Global Forecast to 2030
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| Enterprise License | USD 10.000 |
| 구성 | 영문조사보고서 |
Report Overview
The Large Language Model (LLM) market is projected to grow from USD 6.4 billion in 2024 to USD 36.1 billion by 2030, at a compound annual growth rate (CAGR) of 33.2% during the forecast period.
대형 언어 모델 (LLM) 시장은 예측 기간 동안 연평균 복합 성장률(CAGR) 33.2%로 2024년 64억 달러에서 2030년까지 361억 달러로 성장할 것으로 예상됩니다.
The growth of the large language model market is primarily driven by increasing accessibility of extensive datasets, progressions in deep learning algorithms, and the necessity for improved human-machine interaction.
“By model size, 100 billion to 200 billion parameter segment is expected to register the fastest market growth rate during the forecast period”
Models within this parameter range strike a balance between complexity and practicality, offering substantial capabilities while remaining computationally feasible. Language models such as LaMDA 2, GPT-3, BLOOMZ, Jurassic-2, and Falcon 180B exemplify this trend, showcasing the potential of models within this size bracket to deliver impressive language understanding and generation capabilities. Additionally, advancements in hardware infrastructure, including specialized accelerators and distributed computing systems, are enhancing the efficiency and scalability of training and deploying such models. Furthermore, as demand grows for applications such as conversational AI, natural language understanding, and content generation, there is increasing interest in models of this size range that can meet diverse requirements across various industries, thereby driving their rapid adoption and market expansion.
“By modality, text segment is expected to account for the largest market share during the forecast period”
Text-based applications are ubiquitous across various industries, including customer service chatbots, sentiment analysis tools, and language translation services. As LLMs continue to improve in understanding and generating textual content, the demand for such applications is expected to surge. Moreover, text data is abundant and easily accessible, making it a primary focus for LLM development and deployment. Additionally, the proliferation of online platforms and social media has generated massive volumes of textual data that can be leveraged for insights and decision-making. Furthermore, text-based communication remains one of the most prevalent forms of human interaction, driving the need for LLMs to facilitate more natural and effective communication between humans and machines.
“By Region, Asia Pacific is slated to grow at the fastest rate and North America to have the largest market share during the forecast period”
The Asia Pacific region is witnessing a rapid digital transformation across various sectors, including finance, healthcare, and manufacturing, driving the demand for advanced language technologies like LLMs to streamline operations and enhance productivity. North America’s advanced infrastructure and substantial funding for research and development provide a fertile ground for the growth of LLM technologies. Additionally, the region’s diverse industries, including finance, healthcare, and e-commerce, are increasingly recognizing the benefits of LLMs for tasks such as data analysis, customer service, and text generation.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), vice presidents, innovation and technology directors, system integrators, and executives from various key organizations operating in the large language model market.
By Company: Tier I–35%, Tier II–45%, and Tier III–20%
By Designation: C-Level Executives–35%%, D-Level Executives–30%, and others–35%
By Region: North America– 40%, Europe –20%, Asia Pacific– 25% and Middle East Africa- 9%, Latin America-6%
The report includes the study of key players offering large language model software and services. The major players in the large language model market include Google (US), OpenAI (US), Anthropic (US), Meta (US), Microsoft (US), NVIDIA (US), AWS (US), IBM (US), Oracle (US), HPE (US), Tencent (China), Yandex (Russia), Naver (South Korea), AI21 Labs (Israel), Hugging Face (US), Baidu (China), SenseTime (Hong Kong), Huawei (China), FedML (US), DynamoFL (US), Together AI (US), Upstage (South Korea), Mistral AI (France), Adept (US), Neuralfinity (Germany), Mosaic ML (US), Stability AI (UK), LightOn (France), Cohere (Canada), Turing (US), Lightning AI (US), and WhyLabs (US).
Research coverage
This research report categorizes the large language model market by Offering (Software and Services), Software By Type (General-purpose LLMs, Domain-specific LLMs, Multilingual LLMs, Task-specific LLMs), Software By Source Code (Open-source LLMs, Closed-source LLMs), Software By Deployment Mode (On-premises, Cloud), Services (Consulting, LLM Development, Integration, LLM fine-tuning (Full Fine-tuning, Retrieval-augmented Generation, Adapter-Based Parameter Efficient Tuning), LLM-backed App Development, Prompt Engineering, Support, Maintenance), by Architecture (Autoregressive Language Models, Autoencoding Language Models, Hybrid Language Models), by Modality (Text, Code, Image, Video), by Model Size (Below 1 Billion Parameters, 1 Billion To 10 Billion Parameters, 10 Billion To 50 Billion Parameters, 50 Billion To 100 Billion Parameters, 100 Billion To 200 Billion Parameters, 200 Billion To 500 Billion Parameters, Above 500 Billion Parameters), by Application (Information Retrieval, Language Translation and Localization, Content Generation and Curation, Code Generation, Customer Service Automation, Data Analysis and BI, Other Applications (Knowledge Base Answering, Decision-Making Support, Malware Analysis)), by End-user (IT/ITeS, Healthcare and Life Sciences, Law Firms, BFSI, Manufacturing, Education, Retail, Media and Entertainment, Other End-users (Government & Defense, Automotive, Telecommunications), and by Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the large language model market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the large language model market. Competitive analysis of upcoming startups in the large language model market ecosystem is covered in this report.
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall large language model market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of key drivers (the availability of extensive datasets is on the rise, ever evolving deep learning algorithms, growing necessity for improved communication between humans and machines, rising demand for automated content creation and curation), restraints (high cost of model training & inference optimization, data biasness and quality concerns, lack of transparency in explainability and interpretability), opportunities (enhanced language translation and localization with the use of LLMs, emotion recognition and sentiment analysis using LLMs, pressing demand for LLMs in knowledge discovery and management), and challenges (high inference latency, computational inefficiency due to large memory requirements, maintaining model performance and integrity).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the large language model market
• Market Development: Comprehensive information about lucrative markets – the report analyses the large language model market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the large language model market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Google (US), OpenAI (US), Anthropic (US), Meta (US), Microsoft (US), NVIDIA (US), AWS (US), IBM (US), Oracle (US), HPE (US), Tencent (China), Yandex (Russia), Naver (South Korea), AI21 Labs (Israel), Hugging Face (US), Baidu (China), SenseTime (Hong Kong), Huawei (China), among others in the large language model market. The report also helps stakeholders understand the pulse of the large language model market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table of Contents
1 INTRODUCTION 56
1.1 STUDY OBJECTIVES 56
1.2 MARKET DEFINITION 56
1.2.1 INCLUSIONS AND EXCLUSIONS 57
1.3 MARKET SCOPE 58
1.3.1 MARKET SEGMENTATION 58
1.3.2 REGIONS COVERED 59
1.3.3 YEARS CONSIDERED 59
1.4 CURRENCY CONSIDERED 60
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2020–2023 60
1.5 STAKEHOLDERS 60
1.5.1 IMPACT OF RECESSION 60
2 RESEARCH METHODOLOGY 61
2.1 RESEARCH DATA 61
FIGURE 1 LARGE LANGUAGE MODEL MARKET: RESEARCH DESIGN 61
2.1.1 SECONDARY DATA 62
2.1.2 PRIMARY DATA 62
TABLE 2 PRIMARY INTERVIEWS 62
2.1.2.1 Breakup of primary profiles 63
FIGURE 2 BREAKUP OF PRIMARY PROFILES, BY COMPANY TYPE, DESIGNATION, AND REGION 63
2.1.2.2 Key industry insights 63
FIGURE 3 KEY INSIGHTS FROM EXPERTS 63
2.2 MARKET SIZE ESTIMATION 64
FIGURE 4 LARGE LANGUAGE MODEL MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 64
2.2.1 TOP-DOWN APPROACH 64
2.2.2 BOTTOM-UP APPROACH 64
FIGURE 5 APPROACH 1 (BOTTOM-UP, SUPPLY-SIDE): REVENUE FROM VENDORS OF SOLUTIONS/SERVICES OF LARGE LANGUAGE MODELS 65
FIGURE 6 APPROACH 2 (BOTTOM-UP, SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF LARGE LANGUAGE MODELS 65
FIGURE 7 APPROACH 3 (BOTTOM-UP, SUPPLY-SIDE): MARKET ESTIMATION FROM ALL SOLUTIONS/SERVICES AND CORRESPONDING SOURCES 66
FIGURE 8 APPROACH 4 (BOTTOM-UP, DEMAND-SIDE): SHARE OF LARGE LANGUAGE MODELS THROUGH OVERALL ARTIFICIAL INTELLIGENCE SPENDING 67
2.3 DATA TRIANGULATION 68
FIGURE 9 DATA TRIANGULATION 68
2.4 MARKET FORECAST 68
TABLE 3 FACTOR ANALYSIS 68
2.5 RESEARCH ASSUMPTIONS 69
TABLE 4 RESEARCH ASSUMPTIONS 69
2.6 STUDY LIMITATIONS 71
FIGURE 10 STUDY LIMITATIONS 71
2.7 IMPLICATIONS OF RECESSION ON LARGE LANGUAGE MODEL MARKET 71
TABLE 5 IMPACT OF RECESSION ON GLOBAL LARGE LANGUAGE MODEL MARKET 72
3 EXECUTIVE SUMMARY 73
TABLE 6 GLOBAL LARGE LANGUAGE MODEL MARKET SIZE AND GROWTH RATE, 2020–2023 (USD MILLION, Y-O-Y %) 75
TABLE 7 GLOBAL LARGE LANGUAGE MODEL MARKET SIZE AND GROWTH RATE, 2024–2030 (USD MILLION, Y-O-Y %) 75
FIGURE 11 SOFTWARE SEGMENT TO HOLD LARGER MARKET SIZE IN 2024 75
FIGURE 12 GENERAL-PURPOSE LLMS TO BE DOMINANT SEGMENT, BY SOFTWARE TYPE, DURING FORECAST PERIOD 76
FIGURE 13 CLOSED-SOURCE LLMS SEGMENT, BY SOFTWARE SOURCE CODE, TO DOMINATE MARKET IN 2024 76
FIGURE 14 CLOUD TO BE FASTER-GROWING DEPLOYMENT MODE DURING FORECAST PERIOD 77
FIGURE 15 LLM DEVELOPMENT SEGMENT, BY SERVICE, TO HOLD LARGEST MARKET SHARE IN 2024 77
FIGURE 16 AUTOENCODING LLMS ARCHITECTURE SEGMENT SET TO REGISTER FASTEST GROWTH RATE BETWEEN 2024 AND 2030 78
FIGURE 17 TEXT SEGMENT, BY MODALITY, SET TO WITNESS LARGEST MARKET SHARE IN 2024 78
FIGURE 18 1 BILLION TO 10 BILLION PARAMETERS SEGMENT, BY MODEL SIZE, SET TO WITNESS LARGEST MARKET SHARE IN 2024 79
FIGURE 19 LANGUAGE TRANSLATION & LOCALIZATION SEGMENT TO BECOME FASTEST-GROWING APPLICATION DURING FORECAST PERIOD 79
FIGURE 20 HEALTHCARE & LIFE SCIENCES TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD 80
FIGURE 21 ASIA PACIFIC TO REGISTER HIGHEST GROWTH RATE BETWEEN 2024 AND 2030 80
4 PREMIUM INSIGHTS 81
4.1 ATTRACTIVE OPPORTUNITIES FOR COMPANIES IN LARGE LANGUAGE MODEL MARKET 81
FIGURE 22 INCREASING DEMAND FOR SOPHISTICATED NLP APPLICATIONS ACROSS DIVERSE INDUSTRIES TO BE PIVOTAL GROWTH DRIVER 81
4.2 LARGE LANGUAGE MODEL MARKET: TOP THREE APPLICATIONS 82
FIGURE 23 INFORMATION RETRIEVAL APPLICATION SEGMENT TO ACCOUNT FOR HIGHEST GROWTH RATE DURING FORECAST PERIOD 82
4.3 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY OFFERING AND END USER 82
FIGURE 24 SOFTWARE AND MEDIA & ENTERTAINMENT TO BE LARGEST SHAREHOLDERS IN NORTH AMERICA IN 2024 82
4.4 LARGE LANGUAGE MODEL MARKET, BY REGION 83
FIGURE 25 NORTH AMERICA TO HOLD LARGEST MARKET SHARE IN 2024 83
5 MARKET OVERVIEW AND INDUSTRY TRENDS 84
5.1 INTRODUCTION 84
5.2 MARKET DYNAMICS 84
FIGURE 26 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: LARGE LANGUAGE MODEL MARKET 84
5.2.1 DRIVERS 85
5.2.1.1 Growth in availability of large datasets 85
FIGURE 27 VOLUME OF DATA GENERATED AND CONSUMED WORLDWIDE, 2010–2023 (ZETTABYTE) 85
5.2.1.2 Advancements in deep learning algorithms 85
FIGURE 28 LLM PERFORMANCE TO SCALE RAPIDLY WITH SPIKE IN MODEL SIZE, 2018–2023 (BILLION PARAMETERS) 86
5.2.1.3 Need for enhanced human-machine communication 86
FIGURE 29 USERS BECOMING INCREASINGLY ADAPTED TO CHATBOT CONVERSATIONS, 2021 VS. 2022 87
5.2.1.4 Rise in demand for automated content creation and curation 87
FIGURE 30 LARGE LANGUAGE MODEL USE CASES ACROSS ENTERPRISE SIZE, 2022 88
5.2.2 RESTRAINTS 88
5.2.2.1 High cost of model training & inference optimization 88
FIGURE 31 TRAINING COSTS PER MILLION PARAMETERS FOR VARIOUS GPT-3-BASED LARGE LANGUAGE MODELS 89
5.2.2.2 Data biases and quality concerns 89
5.2.2.3 Lack of transparency in explainability and interpretability 89
5.2.3 OPPORTUNITIES 90
5.2.3.1 Enhanced language translation and localization with use of LLMs 90
5.2.3.2 Emotion recognition and sentiment analysis using LLMs 90
FIGURE 32 SCORES OF SOME PROMINENT LLMS IN HUMAN COGNITIVE SKILLS, 2022 91
5.2.3.3 Pressing demand for LLMs in knowledge discovery and management 91
5.2.4 CHALLENGES 91
5.2.4.1 High inference latency 91
5.2.4.2 Computational inefficiency due to large memory requirements 92
FIGURE 33 COMPUTE REQUIREMENTS OF SOME PROMINENT LLMS (TERAFLOP) 92
5.2.4.3 Maintaining model performance and integrity 92
FIGURE 34 MODEL DRIFT IN GPT-4 WITHIN 3 MONTHS (MARCH 2023 VS. JUNE 2023) 93
5.3 EVOLUTION OF LARGE LANGUAGE MODEL MARKET 93
FIGURE 35 EVOLUTION OF LARGE LANGUAGE MODEL MARKET 93
5.4 LARGE LANGUAGE MODELS: SOFTWARE LAYERS 95
5.4.1 EMBEDDING LAYER 95
5.4.2 FEEDFORWARD LAYER 95
5.4.3 RECURRENT LAYER 96
5.4.4 ATTENTION LAYER 96
5.5 VALUE CHAIN ANALYSIS 97
FIGURE 36 LARGE LANGUAGE MODEL MARKET: VALUE CHAIN ANALYSIS 97
TABLE 8 LARGE LANGUAGE MODEL MARKET: VALUE CHAIN ANALYSIS 98
5.6 ECOSYSTEM ANALYSIS/MARKET MAP 99
TABLE 9 LARGE LANGUAGE MODEL MARKET: ECOSYSTEM 99
FIGURE 37 LARGE LANGUAGE MODEL MARKET MAP: KEY PLAYERS 101
5.6.1 LARGE LANGUAGE MODEL SOFTWARE PROVIDERS 101
5.6.1.1 LLM API Providers 102
5.6.1.2 Vector Database Providers 102
5.6.1.3 LLM Framework Providers 102
5.6.1.4 Text-to-Speech Providers 102
5.6.1.5 LLM Monitoring Tools Providers 102
5.6.2 LARGE LANGUAGE MODEL SERVICE PROVIDERS 103
5.6.2.1 Compute Platform Providers 103
5.6.2.2 Model Hubs 103
5.6.2.3 Fine Tuning/Custom Model Training Frameworks 103
5.6.2.4 Monitoring/Observability Platform Providers 104
5.6.2.5 Hosting Service Providers 104
5.6.3 END USERS 104
5.6.4 GOVERNMENT & REGULATORY BODIES 104
5.7 INVESTMENT LANDSCAPE AND FUNDING SCENARIO 105
FIGURE 38 LEADING LLM DEVELOPERS BY FUNDING VALUE AND FUNDING ROUNDS, 2017–2024 (USD MILLION) 105
FIGURE 39 MOST VALUED LLM DEVELOPERS, 2023 (USD BILLION) 106
FIGURE 40 INVESTMENTS IN LARGE LANGUAGE MODEL OPERATIONS (LLMOPS), BY CATEGORY, 2023 (USD MILLION) 107
FIGURE 41 LARGE LANGUAGE MODEL MARKET DEAL COUNT AND DEAL VALUE, Q1 2021–Q3 2023 (USD MILLION) 108
5.8 CASE STUDY ANALYSIS 109
5.8.1 BFSI 109
5.8.1.1 Accelerated collection and analysis of investment information for Edger Finance with generative AI 109
5.8.2 MEDIA & ENTERTAINMENT 109
5.8.2.1 Revolutionized decentralized digital world of media & entertainment industry for Ben Group 109
5.8.3 HEALTHCARE & LIFE SCIENCES 110
5.8.3.1 Summer Health reimagined pediatric doctor’s visits with OpenAI 110
5.8.4 IT/ITES 110
5.8.4.1 Oxide AI piloted IBM watsonx.ai to take on investment information overload in finance 110
5.8.5 LAW FIRMS 111
5.8.5.1 Manz leveraged Deepset cloud to significantly reduce legal research efforts through semantic search 111
5.9 TECHNOLOGY ANALYSIS 111
5.9.1 KEY TECHNOLOGIES 111
5.9.1.1 Natural Language Processing (NLP) 111
5.9.1.2 Deep Learning 112
5.9.1.3 Transformer Architecture 112
5.9.1.4 Attention Mechanisms 112
5.9.1.5 Transfer Learning 112
5.9.2 ADJACENT TECHNOLOGIES 113
5.9.2.1 Speech Recognition 113
5.9.2.2 Computer Vision 113
5.9.2.3 Reinforcement Learning 113
5.9.2.4 Knowledge Graphs 114
5.9.3 COMPLEMENTARY TECHNOLOGIES 114
5.9.3.1 Quantum Computing 114
5.9.3.2 Explainable AI 114
5.9.3.3 Edge Computing 115
5.9.3.4 Blockchain 115
5.10 REGULATORY LANDSCAPE 115
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 115
TABLE 10 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 116
TABLE 11 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 116
TABLE 12 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 117
TABLE 13 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 117
TABLE 14 LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 118
5.10.2 REGULATIONS: LARGE LANGUAGE MODEL MARKET 118
5.10.2.1 North America 118
5.10.2.1.1 California Consumer Privacy Act (CCPA) 118
5.10.2.1.2 Canada’s Directive on Automated Decision-Making 118
5.10.2.1.3 AI and Automated Decision Systems (AADS) Ordinance (New York City) 119
5.10.2.2 Europe 119
5.10.2.2.1 General Data Protection Regulation (GDPR) 119
5.10.2.2.2 European Union’s Artificial Intelligence Act (AIA) 119
5.10.2.2.3 Ethical Guidelines for Trustworthy AI by the European Commission 119
5.10.2.3 Asia Pacific 119
5.10.2.3.1 Personal Information Protection Law (PIPL) – China 119
5.10.2.3.2 Artificial Intelligence Ethics Guidelines – Japan 119
5.10.2.3.3 AI Strategy and Governance Framework – Australia 119
5.10.2.4 Middle East & Africa 120
5.10.2.4.1 UAE AI Regulation and Ethics Guidelines 120
5.10.2.4.2 South Africa’s Protection of Personal Information Act (POPIA) 120
5.10.2.4.3 Egypt’s Data Protection Law 120
5.10.2.5 Latin America 120
5.10.2.5.1 Brazil – General Data Protection Law (LGPD) 120
5.10.2.5.2 Mexico – Federal Law on the Protection of Personal Data Held by Private Parties (LFPDPPP) 120
5.10.2.5.3 Argentina – Personal Data Protection Law (PDPL) 120
5.11 PATENT ANALYSIS 121
5.11.1 METHODOLOGY 121
5.11.2 PATENTS FILED, BY DOCUMENT TYPE 121
TABLE 15 PATENTS FILED, 2013–2023 121
5.11.3 INNOVATION AND PATENT APPLICATIONS 121
FIGURE 42 NUMBER OF PATENTS GRANTED IN LAST 10 YEARS, 2013–2023 121
5.11.3.1 Top patent owners in large language model market 122
FIGURE 43 TOP 10 APPLICANTS IN LARGE LANGUAGE MODEL MARKET, 2013–2023 122
TABLE 16 TOP 20 PATENT OWNERS IN LARGE LANGUAGE MODEL MARKET, 2013–2023 122
TABLE 17 LIST OF FEW PATENTS IN LARGE LANGUAGE MODEL MARKET, 2022–2023 123
FIGURE 44 REGIONAL ANALYSIS OF PATENTS GRANTED, 2013–2023 126
5.12 PRICING ANALYSIS 126
5.12.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOFTWARE TYPE 128
FIGURE 45 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOFTWARE TYPE 128
TABLE 18 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOFTWARE TYPE 128
5.12.2 INDICATIVE PRICING ANALYSIS, BY OFFERING 129
TABLE 19 INDICATIVE PRICING LEVELS OF LARGE LANGUAGE MODEL SOLUTIONS, BY OFFERING 129
5.13 TRADE ANALYSIS 131
5.13.1 EXPORT SCENARIO OF COMPUTER SOFTWARE 131
FIGURE 46 EXPORT VALUE OF COMPUTER SOFTWARE, BY KEY COUNTRY, 2015–2022 (USD BILLION) 132
5.13.2 IMPORT SCENARIO OF COMPUTER SOFTWARE 132
FIGURE 47 IMPORT VALUE OF COMPUTER SOFTWARE, BY KEY COUNTRY, 2015–2022 (USD BILLION) 133
5.14 KEY CONFERENCES & EVENTS 133
TABLE 20 LARGE LANGUAGE MODEL MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024–2025 133
5.15 PORTER’S FIVE FORCES ANALYSIS 134
TABLE 21 PORTER’S FIVE FORCES’ IMPACT ON LARGE LANGUAGE MODEL MARKET 134
FIGURE 48 PORTER’S FIVE FORCES ANALYSIS: LARGE LANGUAGE MODEL MARKET 135
5.15.1 THREAT OF NEW ENTRANTS 135
5.15.2 THREAT OF SUBSTITUTES 135
5.15.3 BARGAINING POWER OF SUPPLIERS 136
5.15.4 BARGAINING POWER OF BUYERS 136
5.15.5 INTENSITY OF COMPETITIVE RIVALRY 136
5.16 TECHNOLOGY ROADMAP 137
FIGURE 49 TECHNOLOGY ROADMAP FOR LARGE LANGUAGE MODEL MARKET 137
5.17 BUSINESS MODELS 138
FIGURE 50 LARGE LANGUAGE MODEL: BUSINESS MODELS 138
5.17.1 SOFTWARE VENDOR MODEL 139
5.17.2 CLOUD API ACCESS MODEL 139
5.17.3 CUSTOM TRAINING/FINE-TUNING MODEL 140
5.17.4 MARKETPLACES/EXCHANGES MODEL 141
5.18 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 141
5.18.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR LARGE LANGUAGE MODEL PROVIDERS 141
FIGURE 51 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 142
5.19 KEY STAKEHOLDERS & BUYING CRITERIA 142
5.19.1 KEY STAKEHOLDERS IN BUYING PROCESS 142
FIGURE 52 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY END USERS 142
TABLE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY END USERS 142
5.19.2 BUYING CRITERIA 143
FIGURE 53 KEY BUYING CRITERIA FOR TOP THREE END USERS 143
TABLE 23 KEY BUYING CRITERIA FOR TOP THREE END USERS 143
6 LARGE LANGUAGE MODEL MARKET, BY OFFERING 144
6.1 INTRODUCTION 145
6.1.1 OFFERING: LARGE LANGUAGE MODEL MARKET DRIVERS 145
FIGURE 54 SOFTWARE SEGMENT TO REGISTER LARGER MARKET SHARE IN 2024 146
TABLE 24 LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 146
TABLE 25 LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 146
6.2 SOFTWARE, BY TYPE 147
FIGURE 55 DOMAIN-SPECIFIC LLMS TO BE FASTEST-GROWING SEGMENT BETWEEN 2024 AND 2030 147
TABLE 26 LARGE LANGUAGE MODEL MARKET, BY SOFTWARE TYPE, 2020–2023 (USD MILLION) 148
TABLE 27 LARGE LANGUAGE MODEL MARKET, BY SOFTWARE TYPE, 2024–2030 (USD MILLION) 148
6.2.1 GENERAL PURPOSE LLMS 148
6.2.1.1 High versatility and rapid adaptability of general-purpose LLMs to spur widespread deployment across multiple use cases 148
TABLE 28 GENERAL-PURPOSE LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 149
TABLE 29 GENERAL-PURPOSE LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 149
6.2.2 DOMAIN-SPECIFIC LLMS 150
6.2.2.1 Adoption of domain-specific LLMs to be driven by organizations’ pressing needs for LLMs tailored to their industry 150
6.2.2.2 Zero-shot 151
TABLE 30 ZERO-SHOT DOMAIN-SPECIFIC LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 151
TABLE 31 ZERO-SHOT DOMAIN-SPECIFIC LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 152
6.2.2.3 One-shot 152
TABLE 32 ONE-SHOT DOMAIN-SPECIFIC LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 153
TABLE 33 ONE-SHOT DOMAIN-SPECIFIC LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 153
6.2.2.4 Few-shot 153
TABLE 34 FEW-SHOT DOMAIN-SPECIFIC LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 154
TABLE 35 FEW-SHOT DOMAIN-SPECIFIC LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 154
6.2.3 MULTILINGUAL LLMS 155
6.2.3.1 Increasing globalization and drive for inclusivity to catalyze demand for seamless multilingual language processing capabilities 155
TABLE 36 MULTILINGUAL LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 155
TABLE 37 MULTILINGUAL LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 156
6.2.4 TASK-SPECIFIC LLMS 156
6.2.4.1 Demand for high accuracy and precision in task-oriented language models for mission-critical applications to drive task-specific LLM growth 156
TABLE 38 TASK-SPECIFIC LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 157
TABLE 39 TASK-SPECIFIC LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 157
6.3 SOFTWARE, BY SOURCE CODE 157
FIGURE 56 CLOSED-SOURCE LLMS SEGMENT TO HOLD LARGEST MARKET SHARE IN 2024 158
TABLE 40 LARGE LANGUAGE MODEL MARKET, BY SOFTWARE SOURCE CODE, 2020–2023 (USD MILLION) 158
TABLE 41 LARGE LANGUAGE MODEL MARKET, BY SOFTWARE SOURCE CODE, 2024–2030 (USD MILLION) 158
6.3.1 OPEN-SOURCE LLMS 159
6.3.1.1 Availability of powerful open-source LLM models, combined with collaborative nature of open-source community, to drive adoption and growth of open-source LLMs 159
TABLE 42 OPEN-SOURCE LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 160
TABLE 43 OPEN-SOURCE LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 160
6.3.2 CLOSED-SOURCE LLMS 160
6.3.2.1 Closed-source LLMs to be driven by need for customized, domain-specific AI solutions, as well as desire for exclusive access and proprietary advantages 160
TABLE 44 CLOSED-SOURCE LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 161
TABLE 45 CLOSED-SOURCE LLMS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 161
6.4 SOFTWARE, BY DEPLOYMENT MODE 162
FIGURE 57 CLOUD SEGMENT TO HOLD LARGER MARKET SHARE IN 2024 162
TABLE 46 LARGE LANGUAGE MODEL MARKET, BY SOFTWARE DEPLOYMENT MODE, 2020–2023 (USD MILLION) 163
TABLE 47 LARGE LANGUAGE MODEL MARKET, BY SOFTWARE DEPLOYMENT MODE, 2024–2030 (USD MILLION) 163
6.4.1 CLOUD 163
6.4.1.1 Increasing demand for scalable and easily accessible LLM APIs to drive growth of cloud-based LLMs 163
TABLE 48 CLOUD: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 164
TABLE 49 CLOUD: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 164
6.4.2 ON-PREMISES 165
6.4.2.1 Pressing need from enterprises for stringent data privacy and handling data in sensitive domains to fuel growth of on-premises LLMs for localized deployment and control 165
TABLE 50 ON-PREMISES: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 165
TABLE 51 ON-PREMISES: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 166
6.5 SERVICES 166
FIGURE 58 LLM FINE-TUNING SERVICES TO REGISTER HIGHEST GROWTH RATE IN LARGE LANGUAGE MODEL MARKET BETWEEN 2024 AND 2030 167
TABLE 52 LARGE LANGUAGE MODEL MARKET, BY SERVICE, 2020–2023 (USD MILLION) 167
TABLE 53 LARGE LANGUAGE MODEL MARKET, BY SERVICE, 2024–2030 (USD MILLION) 168
6.5.1 CONSULTING 168
6.5.1.1 Growing demand for expert guidance on LLM adoption and implementation strategies to drive consulting services segment 168
TABLE 54 CONSULTING: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 169
TABLE 55 CONSULTING: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 169
6.5.2 LLM DEVELOPMENT 169
6.5.2.1 LLM development services to be buoyed by increasing need for custom LLMs tailored to specific use cases and industries 169
TABLE 56 LLM DEVELOPMENT: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 170
TABLE 57 LLM DEVELOPMENT: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 170
6.5.3 INTEGRATION 171
6.5.3.1 Necessity of seamlessly incorporating LLMs into existing software ecosystems and workflows to accentuate demand for integration services 171
TABLE 58 INTEGRATION: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 171
TABLE 59 INTEGRATION: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 172
6.5.4 LLM FINE-TUNING 172
6.5.4.1 Domain-specific and task-specific LLM optimization set to expand LLM fine-tuning services market 172
6.5.4.2 Full fine-tuning 173
TABLE 60 FULL FINE-TUNING: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 173
TABLE 61 FULL FINE-TUNING: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 174
6.5.4.3 Retrieval-augmented Generation (RAG) 174
TABLE 62 RETRIEVAL-AUGMENTED GENERATION: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 175
TABLE 63 RETRIEVAL-AUGMENTED GENERATION: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 175
6.5.4.4 Adapter-based parameter-efficient tuning 176
TABLE 64 ADAPTER-BASED PARAMETER-EFFICIENT TUNING: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 177
TABLE 65 ADAPTER-BASED PARAMETER-EFFICIENT TUNING: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 177
6.5.5 LLM-BACKED APP DEVELOPMENT 177
6.5.5.1 Adoption of LLM-backed app development services on the rise, attributed to growing popularity of LLM-powered applications across various sectors 177
TABLE 66 LLM-BACKED APP DEVELOPMENT: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 178
TABLE 67 LLM-BACKED APP DEVELOPMENT: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 178
6.5.6 PROMPT ENGINEERING 179
6.5.6.1 Prompt engineering services slated for rapid growth owing to criticality of effective prompt design for optimal LLM performance 179
TABLE 68 PROMPT ENGINEERING: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 179
TABLE 69 PROMPT ENGINEERING: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 180
6.5.7 SUPPORT & MAINTENANCE 180
6.5.7.1 Ongoing need for LLM model updates, monitoring, and long-term support to drive adoption of support & maintenance services 180
TABLE 70 SUPPORT & MAINTENANCE: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 181
TABLE 71 SUPPORT & MAINTENANCE: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 181
7 LARGE LANGUAGE MODEL MARKET, BY ARCHITECTURE 182
7.1 INTRODUCTION 183
7.1.1 ARCHITECTURE: LARGE LANGUAGE MODEL MARKET DRIVERS 183
FIGURE 59 AUTOENCODING LLMS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 184
TABLE 72 LARGE LANGUAGE MODEL MARKET, BY ARCHITECTURE, 2020–2023 (USD MILLION) 184
TABLE 73 LARGE LANGUAGE MODEL MARKET, BY ARCHITECTURE, 2024–2030 (USD MILLION) 184
7.2 AUTOREGRESSIVE LANGUAGE MODELS 185
7.2.1 AUTOREGRESSIVE LANGUAGE MODELS TO CAPTURE COMPLEX LINGUISTIC PATTERNS AND DEPENDENCIES WITHIN GIVEN CONTEXT 185
TABLE 74 AUTOREGRESSIVE LANGUAGE MODELS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 185
TABLE 75 AUTOREGRESSIVE LANGUAGE MODELS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 186
7.2.2 SINGLE-HEADED AUTOREGRESSIVE LANGUAGE MODELS 186
7.2.3 MULTI-HEADED AUTOREGRESSIVE LANGUAGE MODELS 186
7.3 AUTOENCODING LANGUAGE MODELS 187
7.3.1 AELMS TO EXTEND TO FINE-TUNING DOWNSTREAM TASKS, LEADING TO WIDESPREAD ADOPTION IN INDUSTRY AND ACADEMIA 187
TABLE 76 AUTOENCODING LANGUAGE MODELS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 187
TABLE 77 AUTOENCODING LANGUAGE MODELS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 188
7.3.2 VANILLA AUTOENCODING LANGUAGE MODELS 188
7.3.3 OPTIMIZED AUTOENCODING LANGUAGE MODELS 188
7.4 HYBRID LANGUAGE MODELS 189
7.4.1 INTEGRATING AUTOREGRESSIVE AND AUTOENCODING COMPONENTS TO ENABLE THEM TO EXCEL IN TASKS REQUIRING CONTEXTUAL UNDERSTANDING AND GENERATIVE CAPABILITIES 189
TABLE 78 HYBRID LANGUAGE MODELS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 189
TABLE 79 HYBRID LANGUAGE MODELS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 190
7.4.2 TEXT-TO-TEXT LANGUAGE MODELS 190
7.4.3 PRETRAINING-FINETUNING MODELS 190
8 LARGE LANGUAGE MODEL MARKET, BY MODALITY 191
8.1 INTRODUCTION 192
8.1.1 MODALITY: LARGE LANGUAGE MODEL MARKET DRIVERS 192
FIGURE 60 VIDEO MODALITY TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 192
TABLE 80 LARGE LANGUAGE MODEL MARKET, BY MODALITY, 2020–2023 (USD MILLION) 193
TABLE 81 LARGE LANGUAGE MODEL MARKET, BY MODALITY, 2024–2030 (USD MILLION) 193
8.2 TEXT 193
8.2.1 LLMS TO LEVERAGE ADVANCED TECHNIQUES SUCH AS ATTENTION MECHANISMS AND TRANSFORMER ARCHITECTURES TO PROCESS AND GENERATE TEXT 193
TABLE 82 TEXT: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 194
TABLE 83 TEXT: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 194
8.3 CODE 194
8.3.1 LLMS WITH CODE UNDERSTANDING CAPABILITIES TO ASSIST IN TASKS SUCH AS SOFTWARE MAINTENANCE, REFACTORING, AND OPTIMIZATION 194
TABLE 84 CODE: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 195
TABLE 85 CODE: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 195
8.4 IMAGE 195
8.4.1 MULTIMODAL TRANSFORMERS AND FUSION MECHANISMS TO ALLOW LLMS TO INCORPORATE VISUAL INFORMATION ALONGSIDE TEXTUAL INPUTS 195
TABLE 86 IMAGE: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 196
TABLE 87 IMAGE: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 196
8.5 VIDEO 196
8.5.1 VIDEO MODALITY TO EMPOWER LLMS TO EXTRACT MEANINGFUL INSIGHTS FROM VIDEO CONTENT, INCLUDING OBJECT RECOGNITION, ACTIVITY DETECTION, AND SCENE UNDERSTANDING 196
TABLE 88 VIDEO: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 197
TABLE 89 VIDEO: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 197
9 LARGE LANGUAGE MODEL MARKET, BY MODEL SIZE 198
9.1 INTRODUCTION 199
9.1.1 MODEL SIZE: LARGE LANGUAGE MODEL MARKET DRIVERS 199
FIGURE 61 200 BILLION TO 500 BILLION PARAMETERS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 200
TABLE 90 LARGE LANGUAGE MODEL MARKET, BY MODEL SIZE, 2020–2023 (USD MILLION) 201
TABLE 91 LARGE LANGUAGE MODEL MARKET, BY MODEL SIZE, 2024–2030 (USD MILLION) 201
9.2 BELOW 1 BILLION PARAMETERS 201
9.2.1 MODELS BELOW 1 BILLION PARAMETERS TO BE IDEAL FOR APPLICATIONS IN ENVIRONMENTS WITH LIMITED COMPUTATIONAL CAPABILITIES 201
FIGURE 62 PROMINENT LLMS BELOW 1 BILLION PARAMETERS 202
TABLE 92 BELOW 1 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 203
TABLE 93 BELOW 1 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 203
9.3 1 BILLION TO 10 BILLION PARAMETERS 203
9.3.1 MODELS BETWEEN 1 BILLION AND 10 BILLION PARAMETERS ADEPT FOR BROAD SPECTRUM OF NLP TASKS WITH MODERATE COMPUTATIONAL REQUIREMENTS 203
FIGURE 63 PROMINENT LLMS BETWEEN 1 BILLION AND 10 BILLION PARAMETERS 204
TABLE 94 1 BILLION TO 10 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 205
TABLE 95 1 BILLION TO 10 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 205
9.4 10 BILLION TO 50 BILLION PARAMETERS 205
9.4.1 10 BILLION TO 50 BILLION PARAMETERS MODELS TO HANDLE ADVANCED LANGUAGE UNDERSTANDING WITHOUT RESOURCE-INTENSIVE NATURE OF LARGER MODELS 205
FIGURE 64 PROMINENT LLMS BETWEEN 10 BILLION AND 50 BILLION PARAMETERS 206
TABLE 96 10 BILLION TO 50 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 207
TABLE 97 10 BILLION TO 50 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 207
9.5 50 BILLION TO 100 BILLION PARAMETERS 207
9.5.1 EXPANSION IN MODELS WITH 50 BILLION TO 100 BILLION PARAMETERS PROPELLED BY THEIR INCREASED CAPACITY FOR NUANCED LANGUAGE COMPREHENSION AND CONTEXT AWARENESS 207
FIGURE 65 PROMINENT LLMS BETWEEN 50 BILLION AND 100 BILLION PARAMETERS 208
TABLE 98 50 BILLION TO 100 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 208
TABLE 99 50 BILLION TO 100 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 209
9.6 100 BILLION TO 200 BILLION PARAMETERS 209
9.6.1 HEIGHTENED CAPABILITY TO UNDERSTAND COMPLEX LANGUAGE PATTERNS TO MAKE THESE MODEL SIZES SUITABLE FOR DEVELOPING DOMAIN-SPECIFIC LLMS 209
FIGURE 66 PROMINENT LLMS BETWEEN 100 BILLION AND 200 BILLION PARAMETERS 210
TABLE 100 100 BILLION TO 200 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 210
TABLE 101 100 BILLION TO 200 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 210
9.7 200 BILLION TO 500 BILLION PARAMETERS 211
9.7.1 THESE MODELS DEMONSTRATE ROBUST PERFORMANCE IN EXTENSIVE CONTEXT AWARENESS, SOPHISTICATED DIALOGUE SYSTEMS, AND ADVANCED CONTENT GENERATION 211
FIGURE 67 PROMINENT LLMS BETWEEN 200 BILLION AND 500 BILLION PARAMETERS 211
TABLE 102 200 BILLION TO 500 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 212
TABLE 103 200 BILLION TO 500 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 212
9.8 ABOVE 500 BILLION PARAMETERS 212
9.8.1 MODELS ABOVE 500 BILLION PARAMETERS TO PROVIDE UNPARALLELED PERFORMANCE AND EXCEPTIONALLY HIGH LEVEL OF CONTEXT COMPREHENSION AND GENERATION 212
FIGURE 68 PROMINENT LLMS ABOVE 500 BILLION PARAMETERS 214
TABLE 104 ABOVE 500 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 214
TABLE 105 ABOVE 500 BILLION PARAMETERS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 214
10 LARGE LANGUAGE MODEL MARKET, BY APPLICATION 215
10.1 INTRODUCTION 216
10.1.1 APPLICATION: LARGE LANGUAGE MODEL MARKET DRIVERS 216
FIGURE 69 LANGUAGE TRANSLATION & LOCALIZATION APPLICATION TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 217
TABLE 106 LARGE LANGUAGE MODEL MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 217
TABLE 107 LARGE LANGUAGE MODEL MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 218
10.2 INFORMATION RETRIEVAL 218
10.2.1 LLMS TO HELP UNDERSTAND SEMANTIC MEANING AND CONTEXT OF TEXT, ENABLING MORE ACCURATE AND RELEVANT INFORMATION RETRIEVAL 218
TABLE 108 INFORMATION RETRIEVAL: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 219
TABLE 109 INFORMATION RETRIEVAL: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 219
10.3 LANGUAGE TRANSLATION & LOCALIZATION 219
10.3.1 LLMS TO STREAMLINE LOCALIZATION PROCESS BY AUTOMATING VARIOUS TASKS, SUCH AS TRANSLATING WEBSITE CONTENT, PRODUCT DESCRIPTIONS, AND USER INTERFACES 219
TABLE 110 LANGUAGE TRANSLATION & LOCALIZATION: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 220
TABLE 111 LANGUAGE TRANSLATION & LOCALIZATION: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 220
10.3.2 MULTILINGUAL TRANSLATION 220
10.3.3 LOCALIZATION SERVICES 221
10.4 CONTENT GENERATION & CURATION 221
10.4.1 BUSINESSES AND CONTENT CREATORS TO STREAMLINE CONTENT WORKFLOWS, IMPROVE CONTENT QUALITY, AND DELIVER MORE PERSONALIZED EXPERIENCE 221
TABLE 112 CONTENT GENERATION & CURATION: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 222
TABLE 113 CONTENT GENERATION & CURATION: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 222
10.4.2 AUTOMATED JOURNALISM AND ARTICLE WRITING 222
10.4.3 CREATIVE WRITING 223
10.5 CODE GENERATION 223
10.5.1 LLMS TO FACILITATE CODE REFACTORING AND OPTIMIZATION BY ANALYZING EXISTING CODEBASES AND SUGGESTING IMPROVEMENTS OR ALTERNATIVE IMPLEMENTATIONS 223
TABLE 114 CODE GENERATION: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 224
TABLE 115 CODE GENERATION: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 224
10.6 CUSTOMER SERVICE AUTOMATION 224
10.6.1 INTEGRATING AUTOREGRESSIVE AND AUTOENCODING COMPONENTS TO ENABLE TO EXCEL IN TASKS REQUIRING CONTEXTUAL UNDERSTANDING AND GENERATIVE CAPABILITIES 224
TABLE 116 CUSTOMER SERVICE AUTOMATION: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 225
TABLE 117 CUSTOMER SERVICE AUTOMATION: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 225
10.6.2 CHATBOTS AND VIRTUAL ASSISTANTS 225
10.6.3 SALES AND MARKETING AUTOMATION 226
10.6.4 PERSONALIZED RECOMMENDATION 226
10.7 DATA ANALYSIS AND BI 227
10.7.1 INTEGRATING LLMS TO AUTOMATE DATA CATEGORIZATION, ANOMALY DETECTION, AND PREDICTIVE ANALYTICS, ENABLING BUSINESSES TO GAIN DEEPER INSIGHTS 227
TABLE 118 DATA ANALYSIS AND BI: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 227
TABLE 119 DATA ANALYSIS AND BI: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 228
10.7.2 SENTIMENT ANALYSIS 228
10.7.3 BUSINESS REPORTING AND MARKET ANALYSIS 228
10.8 OTHER APPLICATIONS 229
TABLE 120 OTHER APPLICATIONS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 229
TABLE 121 OTHER APPLICATIONS: LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 230
11 LARGE LANGUAGE MODEL MARKET, BY END USER 231
11.1 INTRODUCTION 232
11.1.1 END USER: LARGE LANGUAGE MODEL MARKET DRIVERS 232
FIGURE 70 HEALTHCARE & LIFE SCIENCES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 233
TABLE 122 LARGE LANGUAGE MODEL MARKET, BY END USER, 2020–2023 (USD MILLION) 233
TABLE 123 LARGE LANGUAGE MODEL MARKET, BY END USER, 2024–2030 (USD MILLION) 234
11.2 IT & ITES 234
11.2.1 EXTENSIVE UTILIZATION OF LLMS IN SOFTWARE DEVELOPMENT PROCESSES AND CUSTOMER SERVICE 234
FIGURE 71 IT/ITES: KEY USE CASES 235
TABLE 124 LARGE LANGUAGE MODEL MARKET IN IT & ITES, BY REGION, 2020–2023 (USD MILLION) 235
TABLE 125 LARGE LANGUAGE MODEL MARKET IN IT & ITES, BY REGION, 2024–2030 (USD MILLION) 236
TABLE 126 LARGE LANGUAGE MODEL MARKET IN IT & ITES, BY OFFERING, 2020–2023 (USD MILLION) 236
TABLE 127 LARGE LANGUAGE MODEL MARKET IN IT & ITES, BY OFFERING, 2024–2030 (USD MILLION) 236
TABLE 128 LARGE LANGUAGE MODEL MARKET IN IT & ITES, BY APPLICATION, 2020–2023 (USD MILLION) 237
TABLE 129 LARGE LANGUAGE MODEL MARKET IN IT & ITES, BY APPLICATION, 2024–2030 (USD MILLION) 237
11.3 HEALTHCARE & LIFE SCIENCES 237
11.3.1 LEVERAGING LLMS FOR SENTIMENT ANALYSIS OF PATIENT FEEDBACK, PROCESS OF LITERATURE REVIEW, AND PARSING COMPLEX DATASETS 237
FIGURE 72 HEALTHCARE & LIFE SCIENCES: KEY USE CASES 238
TABLE 130 LARGE LANGUAGE MODEL MARKET IN HEALTHCARE & LIFE SCIENCES, BY REGION, 2020–2023 (USD MILLION) 239
TABLE 131 LARGE LANGUAGE MODEL MARKET IN HEALTHCARE & LIFE SCIENCES, BY REGION, 2024–2030 (USD MILLION) 239
TABLE 132 LARGE LANGUAGE MODEL MARKET IN HEALTHCARE & LIFE SCIENCES, BY OFFERING, 2020–2023 (USD MILLION) 239
TABLE 133 LARGE LANGUAGE MODEL MARKET IN HEALTHCARE & LIFE SCIENCES, BY OFFERING, 2024–2030 (USD MILLION) 240
TABLE 134 LARGE LANGUAGE MODEL MARKET IN HEALTHCARE & LIFE SCIENCES, BY APPLICATION, 2020–2023 (USD MILLION) 240
TABLE 135 LARGE LANGUAGE MODEL MARKET IN HEALTHCARE & LIFE SCIENCES, BY APPLICATION, 2024–2030 (USD MILLION) 240
11.4 LAW FIRMS 241
11.4.1 NLP CAPABILITIES OF LLMS ENABLE LAW FIRMS TO EXTRACT INSIGHTS FROM VAST AMOUNTS OF LEGAL TEXTS 241
FIGURE 73 LAW FIRMS: KEY USE CASES 242
TABLE 136 LARGE LANGUAGE MODEL MARKET IN LAW FIRMS, BY REGION, 2020–2023 (USD MILLION) 242
TABLE 137 LARGE LANGUAGE MODEL MARKET IN LAW FIRMS, BY REGION, 2024–2030 (USD MILLION) 243
TABLE 138 LARGE LANGUAGE MODEL MARKET IN LAW FIRMS, BY OFFERING, 2020–2023 (USD MILLION) 243
TABLE 139 LARGE LANGUAGE MODEL MARKET IN LAW FIRMS, BY OFFERING, 2024–2030 (USD MILLION) 243
TABLE 140 LARGE LANGUAGE MODEL MARKET IN LAW FIRMS, BY APPLICATION, 2020–2023 (USD MILLION) 244
TABLE 141 LARGE LANGUAGE MODEL MARKET IN LAW FIRMS, BY APPLICATION, 2024–2030 (USD MILLION) 244
11.5 BFSI 244
11.5.1 LLMS HELP FINANCIAL INSTITUTIONS AUTOMATE ROUTINE TASKS SUCH AS CONTRACT ANALYSIS AND COMPLIANCE MONITORING 244
FIGURE 74 BFSI: KEY USE CASES 245
TABLE 142 LARGE LANGUAGE MODEL MARKET IN BFSI, BY REGION, 2020–2023 (USD MILLION) 246
TABLE 143 LARGE LANGUAGE MODEL MARKET IN BFSI, BY REGION, 2024–2030 (USD MILLION) 246
TABLE 144 LARGE LANGUAGE MODEL MARKET IN BFSI, BY OFFERING, 2020–2023 (USD MILLION) 246
TABLE 145 LARGE LANGUAGE MODEL MARKET IN BFSI, BY OFFERING, 2024–2030 (USD MILLION) 246
TABLE 146 LARGE LANGUAGE MODEL MARKET IN BFSI, BY APPLICATION, 2020–2023 (USD MILLION) 247
TABLE 147 LARGE LANGUAGE MODEL MARKET IN BFSI, BY APPLICATION, 2024–2030 (USD MILLION) 247
11.6 MANUFACTURING 247
11.6.1 OPTIMIZING SUPPLY CHAIN BY ANALYZING MARKET TRENDS, DEMAND FORECASTS, AND LOGISTICAL DATA 247
FIGURE 75 MANUFACTURING: KEY USE CASES 248
TABLE 148 LARGE LANGUAGE MODEL MARKET IN MANUFACTURING, BY REGION, 2020–2023 (USD MILLION) 249
TABLE 149 LARGE LANGUAGE MODEL MARKET IN MANUFACTURING, BY REGION, 2024–2030 (USD MILLION) 249
TABLE 150 LARGE LANGUAGE MODEL MARKET IN MANUFACTURING, BY OFFERING, 2020–2023 (USD MILLION) 249
TABLE 151 LARGE LANGUAGE MODEL MARKET IN MANUFACTURING, BY OFFERING, 2024–2030 (USD MILLION) 250
TABLE 152 LARGE LANGUAGE MODEL MARKET IN MANUFACTURING, BY APPLICATION, 2020–2023 (USD MILLION) 250
TABLE 153 MANUFACTURING: LARGE LANGUAGE MODEL MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 250
11.7 EDUCATION 251
11.7.1 DEMAND FOR ASSISTANCE IN GRADING ASSIGNMENTS, GENERATING QUIZZES, AND PROVIDING FEEDBACK IN EDUCATION 251
FIGURE 76 EDUCATION: KEY USE CASES 252
TABLE 154 LARGE LANGUAGE MODEL MARKET IN EDUCATION, BY REGION, 2020–2023 (USD MILLION) 252
TABLE 155 LARGE LANGUAGE MODEL MARKET IN EDUCATION, BY REGION, 2024–2030 (USD MILLION) 253
TABLE 156 LARGE LANGUAGE MODEL MARKET IN EDUCATION, BY OFFERING, 2020–2023 (USD MILLION) 253
TABLE 157 LARGE LANGUAGE MODEL MARKET IN EDUCATION, BY OFFERING, 2024–2030 (USD MILLION) 253
TABLE 158 LARGE LANGUAGE MODEL MARKET IN EDUCATION, BY APPLICATION, 2020–2023 (USD MILLION) 254
TABLE 159 LARGE LANGUAGE MODEL MARKET IN EDUCATION, BY APPLICATION, 2024–2030 (USD MILLION) 254
11.8 RETAIL & ECOMMERCE 254
11.8.1 NEED FOR RETAILERS TO DELIVER ENGAGING AND RESPONSIVE INTERACTIONS ACROSS MULTIPLE CHANNELS 254
FIGURE 77 RETAIL & ECOMMERCE: KEY USE CASES 255
TABLE 160 LARGE LANGUAGE MODEL MARKET IN RETAIL & ECOMMERCE, BY REGION, 2020–2023 (USD MILLION) 256
TABLE 161 LARGE LANGUAGE MODEL MARKET IN RETAIL & ECOMMERCE, BY REGION, 2024–2030 (USD MILLION) 256
TABLE 162 LARGE LANGUAGE MODEL MARKET IN RETAIL & ECOMMERCE, BY OFFERING, 2020–2023 (USD MILLION) 256
TABLE 163 LARGE LANGUAGE MODEL MARKET IN RETAIL & ECOMMERCE, BY OFFERING, 2024–2030 (USD MILLION) 257
TABLE 164 LARGE LANGUAGE MODEL MARKET IN RETAIL & ECOMMERCE, BY APPLICATION, 2020–2023 (USD MILLION) 257
TABLE 165 LARGE LANGUAGE MODEL MARKET IN RETAIL & ECOMMERCE, BY APPLICATION, 2024–2030 (USD MILLION) 257
11.9 MEDIA & ENTERTAINMENT 258
11.9.1 ENABLING MEDIA COMPANIES TO OPTIMIZE CONTENT FOR DIFFERENT PLATFORMS AND AUDIENCES 258
FIGURE 78 MEDIA & ENTERTAINMENT: KEY USE CASES 258
TABLE 166 LARGE LANGUAGE MODEL MARKET IN MEDIA & ENTERTAINMENT, BY REGION, 2020–2023 (USD MILLION) 259
TABLE 167 LARGE LANGUAGE MODEL MARKET IN MEDIA & ENTERTAINMENT, BY REGION, 2024–2030 (USD MILLION) 259
TABLE 168 LARGE LANGUAGE MODEL MARKET IN MEDIA & ENTERTAINMENT, BY OFFERING, 2020–2023 (USD MILLION) 259
TABLE 169 LARGE LANGUAGE MODEL MARKET IN MEDIA & ENTERTAINMENT, BY OFFERING, 2024–2030 (USD MILLION) 260
TABLE 170 LARGE LANGUAGE MODEL MARKET IN MEDIA & ENTERTAINMENT, BY APPLICATION, 2020–2023 (USD MILLION) 260
TABLE 171 LARGE LANGUAGE MODEL MARKET IN MEDIA & ENTERTAINMENT, BY APPLICATION, 2024–2030 (USD MILLION) 260
11.10 OTHER END USERS 261
TABLE 172 LARGE LANGUAGE MODEL MARKET IN OTHER END USERS, BY REGION, 2020–2023 (USD MILLION) 262
TABLE 173 LARGE LANGUAGE MODEL MARKET IN OTHER END USERS, BY REGION, 2024–2030 (USD MILLION) 262
TABLE 174 LARGE LANGUAGE MODEL MARKET IN OTHER END USERS, BY OFFERING, 2020–2023 (USD MILLION) 262
TABLE 175 LARGE LANGUAGE MODEL MARKET IN OTHER END USERS, BY OFFERING, 2024–2030 (USD MILLION) 263
TABLE 176 LARGE LANGUAGE MODEL MARKET IN OTHER END USERS, BY APPLICATION, 2020–2023 (USD MILLION) 263
TABLE 177 LARGE LANGUAGE MODEL MARKET IN OTHER END USERS, BY APPLICATION, 2024–2030 (USD MILLION) 263
12 LARGE LANGUAGE MODEL MARKET, BY REGION 264
12.1 INTRODUCTION 265
FIGURE 79 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 265
FIGURE 80 INDIA TO REGISTER HIGHEST GROWTH RATE IN LARGE LANGUAGE MODEL MARKET DURING FORECAST PERIOD 266
TABLE 178 LARGE LANGUAGE MODEL MARKET, BY REGION, 2020–2023 (USD MILLION) 266
TABLE 179 LARGE LANGUAGE MODEL MARKET, BY REGION, 2024–2030 (USD MILLION) 266
12.2 NORTH AMERICA 267
12.2.1 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET DRIVERS 267
12.2.2 NORTH AMERICA: RECESSION IMPACT 268
FIGURE 81 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET SNAPSHOT 269
TABLE 180 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 269
TABLE 181 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 270
TABLE 182 NORTH AMERICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY TYPE, 2020–2023 (USD MILLION) 270
TABLE 183 NORTH AMERICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY TYPE, 2024–2030 (USD MILLION) 270
TABLE 184 NORTH AMERICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY SOURCE CODE, 2020–2023 (USD MILLION) 270
TABLE 185 NORTH AMERICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY SOURCE CODE, 2024–2030 (USD MILLION) 271
TABLE 186 NORTH AMERICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY DEPLOYMENT MODE, 2020–2023 (USD MILLION) 271
TABLE 187 NORTH AMERICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD MILLION) 271
TABLE 188 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY SERVICE, 2020–2023 (USD MILLION) 271
TABLE 189 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY SERVICE, 2024–2030 (USD MILLION) 272
TABLE 190 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY ARCHITECTURE, 2020–2023 (USD MILLION) 272
TABLE 191 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY ARCHITECTURE, 2024–2030 (USD MILLION) 272
TABLE 192 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY MODALITY, 2020–2023 (USD MILLION) 273
TABLE 193 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY MODALITY, 2024–2030 (USD MILLION) 273
TABLE 194 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY MODEL SIZE, 2020–2023 (USD MILLION) 273
TABLE 195 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY MODEL SIZE, 2024–2030 (USD MILLION) 274
TABLE 196 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 274
TABLE 197 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 275
TABLE 198 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY END USER, 2020–2023 (USD MILLION) 275
TABLE 199 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY END USER, 2024–2030 (USD MILLION) 276
TABLE 200 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 276
TABLE 201 NORTH AMERICA: LARGE LANGUAGE MODEL MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 276
12.2.3 US 277
12.2.3.1 Supportive regulatory environment and robust technological infrastructure 277
TABLE 202 US: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 277
TABLE 203 US: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 277
12.2.4 CANADA 278
12.2.4.1 Leveraging AI-driven LLM technologies to address societal challenges and drive innovation across industries 278
TABLE 204 CANADA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 278
TABLE 205 CANADA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 278
12.3 EUROPE 279
12.3.1 EUROPE: LARGE LANGUAGE MODEL MARKET DRIVERS 279
12.3.2 EUROPE: RECESSION IMPACT 280
TABLE 206 EUROPE: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 280
TABLE 207 EUROPE: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 280
TABLE 208 EUROPE: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY TYPE, 2020–2023 (USD MILLION) 281
TABLE 209 EUROPE: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY TYPE, 2024–2030 (USD MILLION) 281
TABLE 210 EUROPE: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY SOURCE CODE, 2020–2023 (USD MILLION) 281
TABLE 211 EUROPE: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY SOURCE CODE, 2024–2030 (USD MILLION) 281
TABLE 212 EUROPE: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY DEPLOYMENT MODE, 2020–2023 (USD MILLION) 282
TABLE 213 EUROPE: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD MILLION) 282
TABLE 214 EUROPE: LARGE LANGUAGE MODEL MARKET, BY SERVICE, 2020–2023 (USD MILLION) 282
TABLE 215 EUROPE: LARGE LANGUAGE MODEL MARKET, BY SERVICE, 2024–2030 (USD MILLION) 283
TABLE 216 EUROPE: LARGE LANGUAGE MODEL MARKET, BY ARCHITECTURE, 2020–2023 (USD MILLION) 283
TABLE 217 EUROPE: LARGE LANGUAGE MODEL MARKET, BY ARCHITECTURE, 2024–2030 (USD MILLION) 283
TABLE 218 EUROPE: LARGE LANGUAGE MODEL MARKET, BY MODALITY, 2020–2023 (USD MILLION) 284
TABLE 219 EUROPE: LARGE LANGUAGE MODEL MARKET, BY MODALITY, 2024–2030 (USD MILLION) 284
TABLE 220 EUROPE: LARGE LANGUAGE MODEL MARKET, BY MODEL SIZE, 2020–2023 (USD MILLION) 284
TABLE 221 EUROPE: LARGE LANGUAGE MODEL MARKET, BY MODEL SIZE, 2024–2030 (USD MILLION) 285
TABLE 222 EUROPE: LARGE LANGUAGE MODEL MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 285
TABLE 223 EUROPE: LARGE LANGUAGE MODEL MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 286
TABLE 224 EUROPE: LARGE LANGUAGE MODEL MARKET, BY END USER, 2020–2023 (USD MILLION) 286
TABLE 225 EUROPE: LARGE LANGUAGE MODEL MARKET, BY END USER, 2024–2030 (USD MILLION) 287
TABLE 226 EUROPE: LARGE LANGUAGE MODEL MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 287
TABLE 227 EUROPE: LARGE LANGUAGE MODEL MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 287
12.3.3 UK 288
12.3.3.1 Government support for AI development through initiatives such as AI Sector Deal, boosting investment in AI research 288
TABLE 228 UK: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 288
TABLE 229 UK: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 288
12.3.4 GERMANY 289
12.3.4.1 Increasing interest in developing AI solutions tailored to German language and specific regional dialects 289
TABLE 230 GERMANY: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 289
TABLE 231 GERMANY: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 290
12.3.5 FRANCE 290
12.3.5.1 Country’s combination of technological innovation, government initiatives, and thriving AI ecosystem 290
TABLE 232 FRANCE: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 290
TABLE 233 FRANCE: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 291
12.3.6 REST OF EUROPE 291
TABLE 234 REST OF EUROPE: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 291
TABLE 235 REST OF EUROPE: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 292
12.4 ASIA PACIFIC 292
12.4.1 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET DRIVERS 292
12.4.2 ASIA PACIFIC: RECESSION IMPACT 293
FIGURE 82 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET SNAPSHOT 294
TABLE 236 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 294
TABLE 237 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 295
TABLE 238 ASIA PACIFIC: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY TYPE, 2020–2023 (USD MILLION) 295
TABLE 239 ASIA PACIFIC: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY TYPE, 2024–2030 (USD MILLION) 295
TABLE 240 ASIA PACIFIC: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY SOURCE CODE, 2020–2023 (USD MILLION) 295
TABLE 241 ASIA PACIFIC: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY SOURCE CODE, 2024–2030 (USD MILLION) 296
TABLE 242 ASIA PACIFIC: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY DEPLOYMENT MODE, 2020–2023 (USD MILLION) 296
TABLE 243 ASIA PACIFIC: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD MILLION) 296
TABLE 244 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY SERVICE, 2020–2023 (USD MILLION) 296
TABLE 245 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY SERVICE, 2024–2030 (USD MILLION) 297
TABLE 246 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY ARCHITECTURE, 2020–2023 (USD MILLION) 297
TABLE 247 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY ARCHITECTURE, 2024–2030 (USD MILLION) 297
TABLE 248 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY MODALITY, 2020–2023 (USD MILLION) 298
TABLE 249 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY MODALITY, 2024–2030 (USD MILLION) 298
TABLE 250 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY MODEL SIZE, 2020–2023 (USD MILLION) 298
TABLE 251 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY MODEL SIZE, 2024–2030 (USD MILLION) 299
TABLE 252 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 299
TABLE 253 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 300
TABLE 254 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY END USER, 2020–2023 (USD MILLION) 300
TABLE 255 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY END USER, 2024–2030 (USD MILLION) 301
TABLE 256 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 301
TABLE 257 ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 301
12.4.3 CHINA 302
12.4.3.1 Integration of LLMs into various industries in China 302
TABLE 258 CHINA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 302
TABLE 259 CHINA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 302
12.4.4 INDIA 303
12.4.4.1 Emerging tech industry and huge digital population 303
TABLE 260 INDIA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 303
TABLE 261 INDIA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 303
12.4.5 JAPAN 304
12.4.5.1 Rich cultural heritage and technologically advanced society 304
TABLE 262 JAPAN: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 304
TABLE 263 JAPAN: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 304
12.4.6 SOUTH KOREA 305
12.4.6.1 Homegrown startup achievements on Open LLM Leaderboard indicating growing presence of Korean companies in global AI landscape 305
TABLE 264 SOUTH KOREA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 305
TABLE 265 SOUTH KOREA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 306
12.4.7 REST OF ASIA PACIFIC 306
TABLE 266 REST OF ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 306
TABLE 267 REST OF ASIA PACIFIC: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 307
12.5 MIDDLE EAST & AFRICA 307
12.5.1 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET DRIVERS 307
12.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 308
TABLE 268 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 308
TABLE 269 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 309
TABLE 270 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY TYPE, 2020–2023 (USD MILLION) 309
TABLE 271 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY TYPE, 2024–2030 (USD MILLION) 309
TABLE 272 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY SOURCE CODE, 2020–2023 (USD MILLION) 309
TABLE 273 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY SOURCE CODE, 2024–2030 (USD MILLION) 310
TABLE 274 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY DEPLOYMENT MODE, 2020–2023 (USD MILLION) 310
TABLE 275 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD MILLION) 310
TABLE 276 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY SERVICE, 2020–2023 (USD MILLION) 310
TABLE 277 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY SERVICE, 2024–2030 (USD MILLION) 311
TABLE 278 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY ARCHITECTURE, 2020–2023 (USD MILLION) 311
TABLE 279 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY ARCHITECTURE, 2024–2030 (USD MILLION) 311
TABLE 280 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY MODALITY, 2020–2023 (USD MILLION) 312
TABLE 281 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY MODALITY, 2024–2030 (USD MILLION) 312
TABLE 282 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY MODEL SIZE, 2020–2023 (USD MILLION) 312
TABLE 283 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY MODEL SIZE, 2024–2030 (USD MILLION) 313
TABLE 284 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 313
TABLE 285 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 314
TABLE 286 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY END USER, 2020–2023 (USD MILLION) 314
TABLE 287 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY END USER, 2024–2030 (USD MILLION) 315
TABLE 288 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY COUNTRY/REGION, 2020–2023 (USD MILLION) 315
TABLE 289 MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY COUNTRY/REGION, 2024–2030 (USD MILLION) 315
12.5.3 GCC 316
12.5.3.1 Significant investments in AI technologies and adoption of Arabic-specific language models 316
TABLE 290 GCC: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 316
TABLE 291 GCC: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 316
12.5.4 SOUTH AFRICA 317
12.5.4.1 Strategic geographical location of South Africa and status as regional economic hub 317
TABLE 292 SOUTH AFRICA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 317
TABLE 293 SOUTH AFRICA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 317
12.5.5 TURKEY 318
12.5.5.1 Growth of Turkish economy led to greater demand for large language model services 318
TABLE 294 TURKEY: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 318
TABLE 295 TURKEY: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 318
12.5.6 REST OF MIDDLE EAST & AFRICA 319
TABLE 296 REST OF MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 319
TABLE 297 REST OF MIDDLE EAST & AFRICA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 319
12.6 LATIN AMERICA 320
12.6.1 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET DRIVERS 320
12.6.2 LATIN AMERICA: RECESSION IMPACT 320
TABLE 298 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 321
TABLE 299 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 321
TABLE 300 LATIN AMERICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY TYPE, 2020–2023 (USD MILLION) 321
TABLE 301 LATIN AMERICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY TYPE, 2024–2030 (USD MILLION) 322
TABLE 302 LATIN AMERICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY SOURCE CODE, 2020–2023 (USD MILLION) 322
TABLE 303 LATIN AMERICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY SOURCE CODE, 2024–2030 (USD MILLION) 322
TABLE 304 LATIN AMERICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY DEPLOYMENT MODE, 2020–2023 (USD MILLION) 322
TABLE 305 LATIN AMERICA: LARGE LANGUAGE MODEL SOFTWARE MARKET, BY DEPLOYMENT MODE, 2024–2030 (USD MILLION) 323
TABLE 306 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY SERVICE, 2020–2023 (USD MILLION) 323
TABLE 307 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY SERVICE, 2024–2030 (USD MILLION) 323
TABLE 308 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY ARCHITECTURE, 2020–2023 (USD MILLION) 324
TABLE 309 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY ARCHITECTURE, 2024–2030 (USD MILLION) 324
TABLE 310 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY MODALITY, 2020–2023 (USD MILLION) 324
TABLE 311 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY MODALITY, 2024–2030 (USD MILLION) 325
TABLE 312 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY MODEL SIZE, 2020–2023 (USD MILLION) 325
TABLE 313 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY MODEL SIZE, 2024–2030 (USD MILLION) 325
TABLE 314 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 326
TABLE 315 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY APPLICATION, 2024–2030 (USD MILLION) 326
TABLE 316 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY END USER, 2020–2023 (USD MILLION) 327
TABLE 317 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY END USER, 2024–2030 (USD MILLION) 327
TABLE 318 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 328
TABLE 319 LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY COUNTRY, 2024–2030 (USD MILLION) 328
12.6.3 BRAZIL 328
12.6.3.1 Economy driven by industries such as agriculture, manufacturing, and services to fuel need for advanced language technologies 328
TABLE 320 BRAZIL: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 329
TABLE 321 BRAZIL: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 329
12.6.4 MEXICO 329
12.6.4.1 Government and digital transformation initiatives to fuel adoption of advanced AI technologies 329
TABLE 322 MEXICO: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 330
TABLE 323 MEXICO: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 330
12.6.5 REST OF LATIN AMERICA 330
TABLE 324 REST OF LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2020–2023 (USD MILLION) 331
TABLE 325 REST OF LATIN AMERICA: LARGE LANGUAGE MODEL MARKET, BY OFFERING, 2024–2030 (USD MILLION) 331
13 COMPETITIVE LANDSCAPE 332
13.1 OVERVIEW 332
13.2 KEY PLAYER STRATEGIES 332
TABLE 326 OVERVIEW OF STRATEGIES ADOPTED BY KEY LARGE LANGUAGE MODEL VENDORS 332
13.3 REVENUE ANALYSIS 334
FIGURE 83 TOP 5 PUBLIC PLAYERS DOMINATED MARKET IN LAST 4 YEARS 334
13.4 MARKET SHARE ANALYSIS 335
FIGURE 84 SHARE OF LEADING COMPANIES IN LARGE LANGUAGE MODEL MARKET, 2023 335
13.4.1 MARKET RANKING ANALYSIS 336
TABLE 327 LARGE LANGUAGE MODEL MARKET: DEGREE OF COMPETITION 336
13.5 PRODUCT COMPARATIVE ANALYSIS 339
13.5.1 PRODUCT COMPARATIVE ANALYSIS, BY GENERAL-PURPOSE LLM 339
FIGURE 85 PRODUCT COMPARATIVE ANALYSIS, BY GENERAL-PURPOSE LLM 339
13.5.1.1 GPT-4 by OpenAI 339
13.5.1.2 Llama 2 by Meta 339
13.5.1.3 Claude 3 By Anthropic 339
13.5.1.4 Amazon Titan by Amazon 340
13.5.1.5 Gemini by Google 340
13.5.2 PRODUCT COMPARATIVE ANALYSIS, BY DOMAIN-SPECIFIC LLM 340
FIGURE 86 PRODUCT COMPARATIVE ANALYSIS, BY DOMAIN-SPECIFIC LLM 340
13.5.2.1 Med-PaLM by Google 340
13.5.2.2 Amazon CodeWhisperer by Amazon 341
13.5.2.3 BloombergGPT by Bloomberg 341
13.5.2.4 FinGPT 341
13.5.2.5 BioBERTpt 341
13.5.3 PRODUCT COMPARATIVE ANALYSIS, BY OPEN-SOURCE LLM 342
FIGURE 87 PRODUCT COMPARATIVE ANALYSIS, BY OPEN-SOURCE LLM (1/2) 342
FIGURE 88 PRODUCT COMPARATIVE ANALYSIS, BY OPEN-SOURCE LLM (2/2) 342
13.5.3.1 Neural Chat 7B by Intel 343
13.5.3.2 Falcon by Technology Innovation Institute 343
13.5.3.3 Bloom by BigScience 343
13.5.3.4 Xgen 7B 4K Base by Salesforce 343
13.5.3.5 Neox GPT by EleutherAI 343
13.5.3.6 Abacus Giraffe by Abacus AI 343
13.5.3.7 Baichuan 13B by Baichuan Intelligence 344
13.5.3.8 Open Llama by OpenLM 344
13.5.3.9 Vicuna-33B by Lmsys 344
13.5.3.10 Dolly 2.0 by Databricks 344
13.6 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS 345
FIGURE 89 COMPANY VALUATION AND FINANCIAL METRICS OF KEY VENDORS 345
FIGURE 90 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS 345
13.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 346
13.7.1 STARS 346
13.7.2 EMERGING LEADERS 346
13.7.3 PERVASIVE PLAYERS 346
13.7.4 PARTICIPANTS 346
FIGURE 91 LARGE LANGUAGE MODEL MARKET: COMPANY EVALUATION MATRIX, 2023 347
13.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 348
13.7.5.1 Company Footprint 348
FIGURE 92 COMPANY FOOTPRINT (18 COMPANIES) 348
13.7.5.2 Region Footprint 348
TABLE 328 REGION FOOTPRINT (18 COMPANIES) 348
13.7.5.3 Application Footprint 349
TABLE 329 APPLICATION FOOTPRINT (18 COMPANIES) 349
13.7.5.4 End-user Footprint 350
TABLE 330 END-USER FOOTPRINT (18 COMPANIES) 350
13.7.5.5 Modality Footprint 351
TABLE 331 MODALITY FOOTPRINT (18 COMPANIES) 351
13.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 351
13.8.1 PROGRESSIVE COMPANIES 352
13.8.2 RESPONSIVE COMPANIES 352
13.8.3 DYNAMIC COMPANIES 352
13.8.4 STARTING BLOCKS 352
FIGURE 93 LARGE LANGUAGE MODEL MARKET: STARTUP/SME EVALUATION MATRIX, 2023 353
13.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 353
13.8.5.1 Detailed List of Key Startups/SMEs 353
TABLE 332 LARGE LANGUAGE MODEL MARKET: DETAILED LIST OF KEY STARTUPS/SMES 353
13.8.5.2 Competitive Benchmarking of Key Startups/SMEs 355
TABLE 333 LARGE LANGUAGE MODEL MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES 355
13.9 COMPETITIVE SCENARIO AND TRENDS 355
13.9.1 PRODUCT LAUNCHES AND ENHANCEMENTS 355
TABLE 334 LARGE LANGUAGE MODEL MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS, FEBRUARY 2021–FEBRUARY 2024 356
13.9.2 DEALS 360
TABLE 335 LARGE LANGUAGE MODEL MARKET: DEALS, FEBRUARY 2021–FEBRUARY 2024 360
14 COMPANY PROFILES 366
14.1 INTRODUCTION 366
14.2 KEY PLAYERS 366
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key Strengths, Strategic choices made, and Weaknesses and Competitive threats)*
14.2.1 GOOGLE 366
TABLE 336 GOOGLE: BUSINESS OVERVIEW 367
FIGURE 94 GOOGLE: COMPANY SNAPSHOT 367
TABLE 337 GOOGLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 368
TABLE 338 GOOGLE: PRODUCT LAUNCHES AND ENHANCEMENTS 369
TABLE 339 GOOGLE: DEALS 369
14.2.2 OPENAI 372
TABLE 340 OPENAI: BUSINESS OVERVIEW 372
TABLE 341 OPENAI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 372
TABLE 342 OPENAI: PRODUCT LAUNCHES AND ENHANCEMENTS 374
TABLE 343 OPENAI: DEALS 374
14.2.3 MICROSOFT 377
TABLE 344 MICROSOFT: BUSINESS OVERVIEW 377
FIGURE 95 MICROSOFT: COMPANY SNAPSHOT 378
TABLE 345 MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 378
TABLE 346 MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS 379
TABLE 347 MICROSOFT: DEALS 379
14.2.4 ANTHROPIC 381
TABLE 348 ANTHROPIC: BUSINESS OVERVIEW 381
TABLE 349 ANTHROPIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 381
TABLE 350 ANTHROPIC: PRODUCT LAUNCHES AND ENHANCEMENTS 382
TABLE 351 ANTHROPIC: DEALS 382
14.2.5 META 384
TABLE 352 META: BUSINESS OVERVIEW 384
FIGURE 96 META: COMPANY SNAPSHOT 385
TABLE 353 META: PRODUCTS/SOLUTIONS/SERVICES OFFERED 385
TABLE 354 META: PRODUCT LAUNCHES AND ENHANCEMENTS 386
TABLE 355 META: DEALS 386
14.2.6 NVIDIA 388
TABLE 356 NVIDIA: BUSINESS OVERVIEW 388
FIGURE 97 NVIDIA: COMPANY SNAPSHOT 389
TABLE 357 NVIDIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 389
TABLE 358 NVIDIA: PRODUCT LAUNCHES AND ENHANCEMENTS 391
TABLE 359 NVIDIA: DEALS 391
14.2.7 IBM 393
TABLE 360 IBM: BUSINESS OVERVIEW 393
FIGURE 98 IBM: COMPANY SNAPSHOT 394
TABLE 361 IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 394
TABLE 362 IBM: PRODUCT LAUNCHES AND ENHANCEMENTS 395
TABLE 363 IBM: DEALS 396
14.2.8 HPE 397
TABLE 364 HPE: BUSINESS OVERVIEW 397
FIGURE 99 HPE: COMPANY SNAPSHOT 398
TABLE 365 HPE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 398
TABLE 366 HPE: PRODUCT LAUNCHES AND ENHANCEMENTS 399
TABLE 367 HPE: DEALS 399
14.2.9 ORACLE 400
TABLE 368 ORACLE: BUSINESS OVERVIEW 400
FIGURE 100 ORACLE: COMPANY SNAPSHOT 401
TABLE 369 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 401
TABLE 370 ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS 402
TABLE 371 ORACLE: DEALS 403
14.2.10 AWS 404
TABLE 372 AWS: BUSINESS OVERVIEW 404
FIGURE 101 AWS: COMPANY SNAPSHOT 405
TABLE 373 AWS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 405
TABLE 374 AWS: PRODUCT LAUNCHES AND ENHANCEMENTS 406
TABLE 375 AWS: DEALS 406
14.2.11 TENCENT 408
14.2.12 YANDEX 409
14.2.13 NAVER 410
14.2.14 AI21 LABS 411
14.2.15 HUGGING FACE 412
14.2.16 BAIDU 413
14.2.17 SENSETIME 414
14.2.18 HUAWEI 415
14.3 STARTUP/SME PROFILES 416
14.3.1 FEDML 416
14.3.2 DYNAMOFL 416
14.3.3 TOGETHER AI 417
14.3.4 UPSTAGE 417
14.3.5 MISTRAL AI 418
14.3.6 ADEPT 419
14.3.7 NEURALFINITY 420
14.3.8 MOSAIC ML 421
14.3.9 STABILITY AI 422
14.3.10 LIGHTON 423
14.3.11 COHERE 424
14.3.12 TURING 425
14.3.13 LIGHTNING AI 426
14.3.14 WHYLABS 427
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key Strengths, Strategic choices made, and Weaknesses and Competitive threats might not be captured in case of unlisted companies.
15 ADJACENT AND RELATED MARKETS 428
15.1 INTRODUCTION 428
15.2 ARTIFICIAL INTELLIGENCE MARKET – GLOBAL FORECAST TO 2030 428
15.2.1 MARKET DEFINITION 428
15.2.2 MARKET OVERVIEW 428
15.2.2.1 Artificial intelligence market, by offering 429
TABLE 376 ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2017–2022 (USD MILLION) 429
TABLE 377 ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2023–2030 (USD MILLION) 429
15.2.2.2 Artificial intelligence market, by technology 429
TABLE 378 ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2017–2022 (USD MILLION) 430
TABLE 379 ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION) 430
15.2.2.3 Artificial intelligence market, by business function 430
TABLE 380 ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2017–2022 (USD MILLION) 430
TABLE 381 ARTIFICIAL INTELLIGENCE MARKET, BY BUSINESS FUNCTION, 2023–2030 (USD MILLION) 431
15.2.2.4 Artificial intelligence market, by vertical 431
TABLE 382 ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2017–2022 (USD MILLION) 431
TABLE 383 ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2023–2030 (USD MILLION) 432
15.2.2.5 Artificial intelligence market, by region 432
TABLE 384 ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2017–2022 (USD MILLION) 433
TABLE 385 ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2023–2030 (USD MILLION) 433
15.3 GENERATIVE AI MARKET – GLOBAL FORECAST TO 2030 433
15.3.1 MARKET DEFINITION 433
15.3.2 MARKET OVERVIEW 434
15.3.2.1 Generative AI market, by offering 434
TABLE 386 GENERATIVE AI MARKET, BY OFFERING, 2019–2022 (USD MILLION) 434
TABLE 387 GENERATIVE AI MARKET, BY OFFERING, 2023–2030 (USD MILLION) 434
15.3.2.2 Generative AI market, by application 434
TABLE 388 GENERATIVE AI APPLICATION MARKET, BY BUSINESS FUNCTION, 2019–2022 (USD MILLION) 435
TABLE 389 GENERATIVE AI APPLICATION MARKET, BY BUSINESS FUNCTION, 2023–2030 (USD MILLION) 435
TABLE 390 GENERATIVE AI APPLICATION MARKET, BY DATA MODALITY, 2019–2022 (USD MILLION) 436
TABLE 391 GENERATIVE AI APPLICATION MARKET, BY DATA MODALITY, 2023–2030 (USD MILLION) 436
15.3.2.3 Generative AI market, by region 436
TABLE 392 GENERATIVE AI MARKET, BY REGION, 2019–2022 (USD MILLION) 437
TABLE 393 GENERATIVE AI MARKET, BY REGION, 2023–2030 (USD MILLION) 437
16 APPENDIX 438
16.1 DISCUSSION GUIDE 438
16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 445
16.3 CUSTOMIZATION OPTIONS 447
16.4 RELATED REPORTS 447
16.5 AUTHOR DETAILS 448
Table of Contents
