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The large language model (LLM) market is forecasted to grow by USD 20.28 billion during 2024-2029, accelerating at a CAGR of 34.7% during the forecast period. The report on the large language model (LLM) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by democratization and increasing accessibility of llm technology, accelerated enterprise adoption for hyper-automation and enhanced productivity, and proliferation of specialized and multimodal ai applications.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The large language model (LLM) market is segmented as below:
By Component
- Solutions
- Services
By Type
- Below 100 B parameters
- Above 100 B parameters
By End-user
- IT and ITES
- Healthcare
- BFSI
- Education
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
The report on the large language model (LLM) market covers the following areas:
- Large Language Model (LLM) Market sizing
- Large Language Model (LLM) Market forecast
- Large Language Model (LLM) Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Component
8 Market Segmentation by Type
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global large language model (LLM) market: Alibaba Cloud, Amazon.com Inc., Baidu Inc., Cohere, Google LLC, Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., Meta Platforms Inc., Microsoft Corp., NVIDIA Corp., OpenAI, Oracle Corp., PricewaterhouseCoopers LLP, Salesforce Inc., SAP SE, Siemens AG, Stability AI, and Tencent Cloud Co. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is proliferation of enterprise-grade llm integration and customization."
According to the report, one of the major drivers for this market is the democratization and increasing accessibility of llm technology.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alibaba Cloud
- Amazon.com Inc.
- Baidu Inc.
- Cohere
- Google LLC
- Huawei Technologies Co. Ltd.
- Intel Corp.
- International Business Machines Corp.
- Meta Platforms Inc.
- Microsoft Corp.
- NVIDIA Corp.
- OpenAI
- Oracle Corp.
- PricewaterhouseCoopers LLP
- Salesforce Inc.
- SAP SE
- Siemens AG
- Stability AI
- Tencent Cloud Co. Ltd.
