Large Language Model Market Size, Share, and Trends 2024 to 2034

The global large language model market size is calculated at USD 7.77 billion in 2025 and is forecasted to reach around USD 123.09 billion by 2034, accelerating at a CAGR of 35.92% from 2025 to 2034. The North America market size surpassed USD 1.80 billion in 2024 and is expanding at a CAGR of 36.10% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 5482
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Large Language Model Market 

5.1. COVID-19 Landscape: Large Language Model Industry Impact

5.2. COVID-19 - Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Large Language Model Market, By Application

8.1. Large Language Model Market, by Application

8.1.1 Chatbots and Virtual Assistant

8.1.1.1. Market Revenue and Forecast 

8.1.2. Code Generation

8.1.2.1. Market Revenue and Forecast 

8.1.3. Content Generation

8.1.3.1. Market Revenue and Forecast 

8.1.4. Customer Service

8.1.4.1. Market Revenue and Forecast 

8.1.5. Language Translation

8.1.5.1. Market Revenue and Forecast 

8.1.5. Sentiment Analysis

8.1.5.1. Market Revenue and Forecast 

Chapter 9. Global Large Language Model Market, By Deployment

9.1. Large Language Model Market, by Deployment

9.1.1. Cloud

9.1.1.1. Market Revenue and Forecast 

9.1.2. On-premises

9.1.2.1. Market Revenue and Forecast 

Chapter 10. Global Large Language Model Market, By Industry Vertical

10.1. Large Language Model Market, by Industry Vertical

10.1.1. Finance

10.1.1.1. Market Revenue and Forecast 

10.1.2. Healthcare

10.1.2.1. Market Revenue and Forecast 

10.1.3. Media and Entertainment

10.1.3.1. Market Revenue and Forecast 

10.1.4. Retail and E-Commerce

10.1.4.1. Market Revenue and Forecast 

10.1.5. Others

10.1.5.1. Market Revenue and Forecast 

Chapter 11. Global Large Language Model Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Application 

11.1.2. Market Revenue and Forecast, by Deployment 

11.1.3. Market Revenue and Forecast, by Industry Vertical 

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Application 

11.1.4.2. Market Revenue and Forecast, by Deployment 

11.1.4.3. Market Revenue and Forecast, by Industry Vertical 

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Application 

11.1.5.2. Market Revenue and Forecast, by Deployment 

11.1.5.3. Market Revenue and Forecast, by Industry Vertical 

11.2. Europe

11.2.1. Market Revenue and Forecast, by Application 

11.2.2. Market Revenue and Forecast, by Deployment 

11.2.3. Market Revenue and Forecast, by Industry Vertical 

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Application 

11.2.4.2. Market Revenue and Forecast, by Deployment 

11.2.4.3. Market Revenue and Forecast, by Industry Vertical 

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Application 

11.2.5.2. Market Revenue and Forecast, by Deployment 

11.2.5.3. Market Revenue and Forecast, by Industry Vertical 

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Application 

11.2.6.2. Market Revenue and Forecast, by Deployment 

11.2.6.3. Market Revenue and Forecast, by Industry Vertical 

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Application 

11.2.7.2. Market Revenue and Forecast, by Deployment 

11.2.7.3. Market Revenue and Forecast, by Industry Vertical 

11.3. APAC

11.3.1. Market Revenue and Forecast, by Application 

11.3.2. Market Revenue and Forecast, by Deployment 

11.3.3. Market Revenue and Forecast, by Industry Vertical 

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Application 

11.3.4.2. Market Revenue and Forecast, by Deployment 

11.3.4.3. Market Revenue and Forecast, by Industry Vertical 

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Application 

11.3.5.2. Market Revenue and Forecast, by Deployment 

11.3.5.3. Market Revenue and Forecast, by Industry Vertical 

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Application 

11.3.6.2. Market Revenue and Forecast, by Deployment 

11.3.6.3. Market Revenue and Forecast, by Industry Vertical 

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Application 

11.3.7.2. Market Revenue and Forecast, by Deployment 

11.3.7.3. Market Revenue and Forecast, by Industry Vertical 

11.4. MEA

11.4.1. Market Revenue and Forecast, by Application 

11.4.2. Market Revenue and Forecast, by Deployment 

11.4.3. Market Revenue and Forecast, by Industry Vertical 

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Application 

11.4.4.2. Market Revenue and Forecast, by Deployment 

11.4.4.3. Market Revenue and Forecast, by Industry Vertical 

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Application 

11.4.5.2. Market Revenue and Forecast, by Deployment 

11.4.5.3. Market Revenue and Forecast, by Industry Vertical 

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Application 

11.4.6.2. Market Revenue and Forecast, by Deployment 

11.4.6.3. Market Revenue and Forecast, by Industry Vertical 

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Application 

11.4.7.2. Market Revenue and Forecast, by Deployment 

11.4.7.3. Market Revenue and Forecast, by Industry Vertical 

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Application 

11.5.2. Market Revenue and Forecast, by Deployment 

11.5.3. Market Revenue and Forecast, by Industry Vertical 

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Application 

11.5.4.2. Market Revenue and Forecast, by Deployment 

11.5.4.3. Market Revenue and Forecast, by Industry Vertical 

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Application 

11.5.5.2. Market Revenue and Forecast, by Deployment 

11.5.5.3. Market Revenue and Forecast, by Industry Vertical 

Chapter 12. Company Profiles

12.1. Alibaba Group Holding Limited

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Amazon.com, Inc.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Baidu, Inc.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Google LLC

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Huawei Technologies Co. Ltd.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Meta Platforms, Inc.

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Microsoft Corporation

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. OpenAI LP

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Tencent Holdings Limited

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Yandex NV

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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Frequently Asked Questions

The global large language model market size is expected to grow from USD 5.72 billion in 2024 to USD 123.09 billion by 2034.

The large language model market is anticipated to grow at a CAGR of 35.92% between 2025 and 2034.

The major players operating in the large language model market are Alibaba Group Holding Limited, Amazon.com, Inc., Baidu, Inc., Google LLC, Huawei Technologies Co., Ltd., Meta Platforms, Inc., Microsoft Corporation, OpenAI LP, Tencent Holdings Limited, Yandex NV, and Others.

The driving factors of the large language model market are the Increasing demand for AI-driven solutions is driving the growth of the large language model market.

North America region will lead the global large language model market during the forecast period 2025 to 2034.

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