Large Language Model Market To Reach $35,434.4 Million By 2030

Large Language Model Market Growth & Trends

The global large language model market size is anticipated to reach USD 35,434.4 million by 2030 and it is projected to grow at a CAGR of 36.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for Natural Language Processing (NLP) applications is propelling the large language model (llm) market growth. These models encompass various tasks like condensing text, analyzing sentiments, generating content, translating languages, and creating chatbots and virtual assistants. These large language models play a crucial role in the age of conversational AI and data-centric decision-making by serving as the foundation for interpreting, analyzing, and generating human-like text, enabling these applications.

Large language models play a key role in content creation, increasingly utilized by businesses to automate the generation of marketing, journalism, and advertising materials. Owing to this automation, these models have become indispensable for content-centric enterprises, ensuring not only time and cost savings but also consistent and high-quality outputs. Robust language models capable of comprehending and processing vast amounts of digital text data from sources like social media, websites, and documents have become imperative due to the sheer abundance of such data. Improved training methods for large language models now enable more effective and precise responses that align better with context and accuracy.

In North America, there has been a noteworthy shift toward the development of robust ethical structures and the promotion of responsible AI use, particularly regarding large language models. The focus on developing and adhering to ethical norms when deploying these models has intensified as concerns about prejudice, fairness, and ethical implications of AI grow. Companies and other organizations are actively engaged in discussions and initiatives addressing ethical challenges, with an emphasis on ensuring that AI systems are transparent, equitable, and responsible. There's also a noticeable attempt to adhere to governance standards and laws designed with large language models in mind.

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Large Language Model Market Report Highlights

• Based on application, the chatbots and virtual assistant segment led the market with the largest revenue share of 26.8% in 2024.

• Based on deployment, the on-premise segment accounted for the largest market revenue share in 2024, driven by businesses' need for greater control over their data and security.

• Based on industry vertical, the retail and e-commerce segment accounted for the largest market revenue share in 2024.

• North America dominated the large language models market with the largest revenue share of 32.1% in 2024, driven by its advanced technology infrastructure and the presence of major AI-focused companies.

Large Language Model Market Segmentation

Grand View Research has segmented the global large language model market on the basis of application, deployment, industry vertical and region:

Large Language Model Application Outlook (Revenue, USD Million, 2018 - 2030)

• Customer Service

• Content Generation

• Sentiment Analysis

• Code Generation

• Chatbots And Virtual Assistant

• Language Translation

Large Language Model Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud

• On-premises

Large Language Model Industry Vertical Outlook (Revenue, USD Million, 2018 - 2030)

• Healthcare

• Finance

• Retail And E-commerce

• Media And Entertainment

• Others

Large Language Model Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa (MEA)

  • KSA

  • UAE

  • South Africa

List of Key Players of Large Language Model Market

• Alibaba Group Holding Limited

• Amazon.com, Inc.

• Baidu, Inc.

• Google LLC

• Huawei Technologies Co., Ltd.

• Meta Platforms, Inc.

• Microsoft

• OpenAI LP

• Tencent Holdings Limited

• Yandex NV