A large language model (LLM) is a type of language model notable for its ability to achieve general-purpose language understanding and generation. LLMs acquire these abilities by using massive amounts of data to learn billions of parameters during training and consuming large computational resources during their training and operation. LLMs are artificial neural networks (mainly transformers) and are (pre-)trained using self-supervised learning and semi-supervised learning. As autoregressive language models, they work by taking an input text and repeatedly predicting the next token or word. Up to 2020, fine tuning was the only way a model could be adapted to be able to accomplish specific tasks. Larger sized models, such as GPT-4, however, can be prompt-engineered to achieve similar results. They are thought to acquire embodied knowledge about syntax, semantics and "ontology" inherent in human language corpora, but also inaccuracies and biases present in the corpora.
The global Large Language Model (LLM) market was valued at US$ 1591 million in 2023 and is anticipated to reach US$ 259840 million by 2030, witnessing a CAGR of 79.8% during the forecast period 2024-2030.
The key players of Large Language Model (LLM) include Open AI(ChatGPT), Google(PaLM) and Meta (LLaMA), etc. The top three players hold a share over 86%. North America is the largest market, has a share about 53%. In terms of product type, Below 100 Billion Parameters is the largest segment, occupied for a share of about 70%. In terms of application, Chatbots and Virtual Assistants has a share about 32%.
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
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
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.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Large Language Model (LLM) Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Below 100 Billion Parameters
1.2.3 Above 100 Billion Parameters
1.3 Market by Application
1.3.1 Global Large Language Model (LLM) Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Chatbots and Virtual Assistants
1.3.3 Content Generation
1.3.4 Language Translation
1.3.5 Code Development
1.3.6 Sentiment Analysis
1.3.7 Medical Diagnosis and Treatment
1.3.8 Education
1.3.9 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Large Language Model (LLM) Market Perspective (2019-2030)
2.2 Global Large Language Model (LLM) Growth Trends by Region
2.2.1 Global Large Language Model (LLM) Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Large Language Model (LLM) Historic Market Size by Region (2019-2024)
2.2.3 Large Language Model (LLM) Forecasted Market Size by Region (2025-2030)
2.3 Large Language Model (LLM) Market Dynamics
2.3.1 Large Language Model (LLM) Industry Trends
2.3.2 Large Language Model (LLM) Market Drivers
2.3.3 Large Language Model (LLM) Market Challenges
2.3.4 Large Language Model (LLM) Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Large Language Model (LLM) Players by Revenue
3.1.1 Global Top Large Language Model (LLM) Players by Revenue (2019-2024)
3.1.2 Global Large Language Model (LLM) Revenue Market Share by Players (2019-2024)
3.2 Global Large Language Model (LLM) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Large Language Model (LLM) Revenue
3.4 Global Large Language Model (LLM) Market Concentration Ratio
3.4.1 Global Large Language Model (LLM) Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Large Language Model (LLM) Revenue in 2023
3.5 Global Key Players of Large Language Model (LLM) Head office and Area Served
3.6 Global Key Players of Large Language Model (LLM), Product and Application
3.7 Global Key Players of Large Language Model (LLM), Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Large Language Model (LLM) Breakdown Data by Type
4.1 Global Large Language Model (LLM) Historic Market Size by Type (2019-2024)
4.2 Global Large Language Model (LLM) Forecasted Market Size by Type (2025-2030)
5 Large Language Model (LLM) Breakdown Data by Application
5.1 Global Large Language Model (LLM) Historic Market Size by Application (2019-2024)
5.2 Global Large Language Model (LLM) Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Large Language Model (LLM) Market Size (2019-2030)
6.2 North America Large Language Model (LLM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Large Language Model (LLM) Market Size by Country (2019-2024)
6.4 North America Large Language Model (LLM) Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Large Language Model (LLM) Market Size (2019-2030)
7.2 Europe Large Language Model (LLM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Large Language Model (LLM) Market Size by Country (2019-2024)
7.4 Europe Large Language Model (LLM) Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Large Language Model (LLM) Market Size (2019-2030)
8.2 Asia-Pacific Large Language Model (LLM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Large Language Model (LLM) Market Size by Region (2019-2024)
8.4 Asia-Pacific Large Language Model (LLM) Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Large Language Model (LLM) Market Size (2019-2030)
9.2 Latin America Large Language Model (LLM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Large Language Model (LLM) Market Size by Country (2019-2024)
9.4 Latin America Large Language Model (LLM) Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Large Language Model (LLM) Market Size (2019-2030)
10.2 Middle East & Africa Large Language Model (LLM) Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Large Language Model (LLM) Market Size by Country (2019-2024)
10.4 Middle East & Africa Large Language Model (LLM) Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Open AI(ChatGPT)
11.1.1 Open AI(ChatGPT) Company Details
11.1.2 Open AI(ChatGPT) Business Overview
11.1.3 Open AI(ChatGPT) Large Language Model (LLM) Introduction
11.1.4 Open AI(ChatGPT) Revenue in Large Language Model (LLM) Business (2019-2024)
11.1.5 Open AI(ChatGPT) Recent Development
11.2 Google(PaLM)
11.2.1 Google(PaLM) Company Details
11.2.2 Google(PaLM) Business Overview
11.2.3 Google(PaLM) Large Language Model (LLM) Introduction
11.2.4 Google(PaLM) Revenue in Large Language Model (LLM) Business (2019-2024)
11.2.5 Google(PaLM) Recent Development
11.3 Meta (LLaMA)
11.3.1 Meta (LLaMA) Company Details
11.3.2 Meta (LLaMA) Business Overview
11.3.3 Meta (LLaMA) Large Language Model (LLM) Introduction
11.3.4 Meta (LLaMA) Revenue in Large Language Model (LLM) Business (2019-2024)
11.3.5 Meta (LLaMA) Recent Development
11.4 AI21 Labs(Jurassic)
11.4.1 AI21 Labs(Jurassic) Company Details
11.4.2 AI21 Labs(Jurassic) Business Overview
11.4.3 AI21 Labs(Jurassic) Large Language Model (LLM) Introduction
11.4.4 AI21 Labs(Jurassic) Revenue in Large Language Model (LLM) Business (2019-2024)
11.4.5 AI21 Labs(Jurassic) Recent Development
11.5 Cohere
11.5.1 Cohere Company Details
11.5.2 Cohere Business Overview
11.5.3 Cohere Large Language Model (LLM) Introduction
11.5.4 Cohere Revenue in Large Language Model (LLM) Business (2019-2024)
11.5.5 Cohere Recent Development
11.6 Anthropic(Claude)
11.6.1 Anthropic(Claude) Company Details
11.6.2 Anthropic(Claude) Business Overview
11.6.3 Anthropic(Claude) Large Language Model (LLM) Introduction
11.6.4 Anthropic(Claude) Revenue in Large Language Model (LLM) Business (2019-2024)
11.6.5 Anthropic(Claude) Recent Development
11.7 Microsoft(Turing-NLG, Orca)
11.7.1 Microsoft(Turing-NLG, Orca) Company Details
11.7.2 Microsoft(Turing-NLG, Orca) Business Overview
11.7.3 Microsoft(Turing-NLG, Orca) Large Language Model (LLM) Introduction
11.7.4 Microsoft(Turing-NLG, Orca) Revenue in Large Language Model (LLM) Business (2019-2024)
11.7.5 Microsoft(Turing-NLG, Orca) Recent Development
11.8 Huawei(Pangu)
11.8.1 Huawei(Pangu) Company Details
11.8.2 Huawei(Pangu) Business Overview
11.8.3 Huawei(Pangu) Large Language Model (LLM) Introduction
11.8.4 Huawei(Pangu) Revenue in Large Language Model (LLM) Business (2019-2024)
11.8.5 Huawei(Pangu) Recent Development
11.9 Naver(HyperCLOVA)
11.9.1 Naver(HyperCLOVA) Company Details
11.9.2 Naver(HyperCLOVA) Business Overview
11.9.3 Naver(HyperCLOVA) Large Language Model (LLM) Introduction
11.9.4 Naver(HyperCLOVA) Revenue in Large Language Model (LLM) Business (2019-2024)
11.9.5 Naver(HyperCLOVA) Recent Development
11.10 Tencent(Hunyuan)
11.10.1 Tencent(Hunyuan) Company Details
11.10.2 Tencent(Hunyuan) Business Overview
11.10.3 Tencent(Hunyuan) Large Language Model (LLM) Introduction
11.10.4 Tencent(Hunyuan) Revenue in Large Language Model (LLM) Business (2019-2024)
11.10.5 Tencent(Hunyuan) Recent Development
11.11 Yandex(YaLM)
11.11.1 Yandex(YaLM) Company Details
11.11.2 Yandex(YaLM) Business Overview
11.11.3 Yandex(YaLM) Large Language Model (LLM) Introduction
11.11.4 Yandex(YaLM) Revenue in Large Language Model (LLM) Business (2019-2024)
11.11.5 Yandex(YaLM) Recent Development
11.12 Amazon(Titan, Olympus)
11.12.1 Amazon(Titan, Olympus) Company Details
11.12.2 Amazon(Titan, Olympus) Business Overview
11.12.3 Amazon(Titan, Olympus) Large Language Model (LLM) Introduction
11.12.4 Amazon(Titan, Olympus) Revenue in Large Language Model (LLM) Business (2019-2024)
11.12.5 Amazon(Titan, Olympus) Recent Development
11.13 Alibaba(Qwen)
11.13.1 Alibaba(Qwen) Company Details
11.13.2 Alibaba(Qwen) Business Overview
11.13.3 Alibaba(Qwen) Large Language Model (LLM) Introduction
11.13.4 Alibaba(Qwen) Revenue in Large Language Model (LLM) Business (2019-2024)
11.13.5 Alibaba(Qwen) Recent Development
11.14 Baidu (Ernie)
11.14.1 Baidu (Ernie) Company Details
11.14.2 Baidu (Ernie) Business Overview
11.14.3 Baidu (Ernie) Large Language Model (LLM) Introduction
11.14.4 Baidu (Ernie) Revenue in Large Language Model (LLM) Business (2019-2024)
11.14.5 Baidu (Ernie) Recent Development
11.15 Technology Innovation Institute (TII) (Falcon)
11.15.1 Technology Innovation Institute (TII) (Falcon) Company Details
11.15.2 Technology Innovation Institute (TII) (Falcon) Business Overview
11.15.3 Technology Innovation Institute (TII) (Falcon) Large Language Model (LLM) Introduction
11.15.4 Technology Innovation Institute (TII) (Falcon) Revenue in Large Language Model (LLM) Business (2019-2024)
11.15.5 Technology Innovation Institute (TII) (Falcon) Recent Development
11.16 Crowdworks
11.16.1 Crowdworks Company Details
11.16.2 Crowdworks Business Overview
11.16.3 Crowdworks Large Language Model (LLM) Introduction
11.16.4 Crowdworks Revenue in Large Language Model (LLM) Business (2019-2024)
11.16.5 Crowdworks Recent Development
11.17 NEC
11.17.1 NEC Company Details
11.17.2 NEC Business Overview
11.17.3 NEC Large Language Model (LLM) Introduction
11.17.4 NEC Revenue in Large Language Model (LLM) Business (2019-2024)
11.17.5 NEC Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
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
*If Applicable.