Press release
AIGC Large Language Model (LLM) Market Set to Surge - Key Insights You Must Know
AIGC Large Language Model (LLM) Market SizeThe global market for AIGC Large Language Model (LLM) was valued at US$ 2965 million in the year 2024 and is projected to reach a revised size of US$ 1345630 million by 2031, growing at a CAGR of 141.7% during the forecast period.
North American market for AIGC Large Language Model (LLM) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for AIGC Large Language Model (LLM) is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
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The global market for AIGC Large Language Model (LLM) in Chatbots and Virtual Assistants is estimated to increase from $ million in 2024 to $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global companies of AIGC Large Language Model (LLM) include Open AI(ChatGPT), Google(PaLM), Meta (LLaMA), AI21 Labs(Jurassic), Cohere, Anthropic(Claude), Microsoft(Turing-NLG, Orca), Huawei(Pangu), Naver(HyperCLOVA), Tencent(Hunyuan), etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
By Type
• Below 100 Billion Parameters
• Above 100 Billion Parameters
By Application
• Chatbots and Virtual Assistants
• Content Generation
• Language Translation
• Code Development
• Sentiment Analysis
• Medical Diagnosis and Treatment
• Education
Key Companies
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
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