Large Language Model (LLM) Industry Valued at $13.51 Billion by 2029 With CAGR of 28% | Size and Share Insights

July 26, 2025 by The Business Research Company

Claim your 30% discount on Global Market Reports with code ONLINE30. Limited time only.

#What Is the Forecast for the Large Language Model (LLM) Market from 2024 to 2025?#_x000D_

The extensive proliferation of the large language model (LLM) market has been noted in the past few years, with its value set to progress from $3.92 billion in 2024 to $5.03 billion in 2025. This represents a compound annual growth rate (CAGR) of 28.3%. This notable development over the historical period is credited to the broadening scope of natural language processing (NLP) operations, a surge in digital content generation, the emergence of conversational AI, heightened emphasis on personalization, and the inclination towards intelligent automation._x000D_

_x000D_

#What Is the Projected Market Size of the Large Language Model (LLM) Market?#_x000D_

The market size for large language models (LLMs) is predicted to experience significant increases in the coming years. With a compound annual growth rate (CAGR) of 28.0%, it is projected to reach a value of $13.52 billion in 2029. This anticipated rise during the projected period is due to factors such as the increasing use of artificial intelligence, the growth of Internet of Things (IoT) gadgets, the broadening of cloud computing services, the need for cybersecurity solutions, and the emergence of blockchain technology. Further, enhancements in artificial intelligence (AI) and machine learning, the escalating demand for low-code and no-code platforms, an emphasis on functional programming languages, technological progress, and strategic partnerships are the key trends predicted for the forecast period._x000D_

_x000D_

#Download The Free Sample Report Here:#_x000D_

https://www.thebusinessresearchcompany.com/sample.aspx?id=16105&type=smp_x000D_

_x000D_

#Who are the Major Competitors in the Large Language Model (LLM) Market Outlook?#_x000D_

Major companies operating in the large language model (LLM) market are Apple Inc., Google LLC, Microsoft Corporation, Alibaba Group, Meta Platforms Inc., Huawei Technologies Co. Ltd., Tencent Holdings Ltd., Amazon Web Services, Intel Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Salesforce.com Inc., Baidu, Inc., NIIT Ltd., OpenAI, Mozilla Foundation, The Apache Software Foundation, Nokia Bell Labs, JetBrains s.r.o., Linux Foundation, edX Inc., Udacity Inc., Julia Computing Inc., Zig Software Foundation, Haxe Foundation_x000D_

_x000D_

#What Is Fueling Growth in the Large Language Model (LLM) Market?#_x000D_

The increase in interest and adoption of virtual assistants and chatbots is anticipated to be a significant driver for the expansion of the large language model (LLM) market. Virtual assistants and chatbots, both powered by Artificial Intelligence (AI), are designed to interact with people, although their functionalities, goals, and degrees of user engagement are different. Businesses are increasingly using these tools thanks to their capabilities to optimize operations, boost user experiences, and support digital business growth. The significant transformation in chatbot functionalities has been made possible by LLMs, which have been extensively trained on enormous quantities of unlabeled data to understand and generate human-like text with astounding accuracy. For instance, WorldMetrics.org noted in May 2024 that business industries, particularly healthcare and banking, saved over $8 billion annually by utilizing chatbots in 2022. As a result of using chatbots, it’s predicted that the global banking sector will save $7.3 billion by 2023. It’s also predicted that approximately 95% of all customer interactions will be managed by AI and chatbots by 2025. In light of these developments, the heightened demand for virtual assistants and chatbots will most likely continue to boost the large language model (LLM) market’s growth._x000D_

_x000D_

#Request For A Customized Report:#_x000D_

https://www.thebusinessresearchcompany.com/customise?id=16105&type=smp_x000D_

_x000D_

#Which Large Language Model (LLM) Market Segments Are Growing the Fastest?#_x000D_

The large language model (LLM) market covered in this report is segmented – _x000D_

_x000D_

1) By Model Size: Below 100 Billion Parameters, 100 Billion To 500 Billion Parameters, Above 500 Billion Parameters, Other Parameters_x000D_

2) By Architecture: Autoregressive Language Models, Autoencoding Language Models, Hybrid Language Models, Other Architectures_x000D_

3) By Deployment: Cloud, On-Premises_x000D_

4) By Industry: Healthcare, Finance, Retail And E-Commerce, Media And Entertainment, Other Industries_x000D_

_x000D_

Subsegments:_x000D_

1) By Below 100 Billion Parameters: Small-Scale LLMs, Domain-Specific LLMs, Lightweight Models For Embedded Systems _x000D_

2) By 100 Billion To 500 Billion Parameters: Mid-Scale General-Purpose LLMs, Multi-Modal Models (Text, Image), Customizable Enterprise LLMs _x000D_

3) By Above 500 Billion Parameters: Large-Scale General-Purpose LLMs, Cutting-Edge Models For NLP And AI Research, Highly Complex And Scalable Models For Industry Applications _x000D_

4) By Other Parameters: Hybrid Models (Combining Different Parameter Scales), Adaptive LLMs, Specialized Or Custom-Developed Models _x000D_

_x000D_

#Which Industry Trends Are Shaping the Future of the Large Language Model (LLM) Market?#_x000D_

Leading firms in the large language model (LLM) market are creating cutting-edge solutions like open and enterprise-level LLMs, designed to offer customers enhanced features. The enterprise-grade LLM, which is specifically designed for complex enterprise tasks, is available under a license for unrestricted use. A prime example of this occurred in April 2024, when Snowflake, a cloud-based data platform company from the US, unveiled Snowflake Arctic. This state-of-the-art LLM is geared towards being the most accessible and enterprise-oriented LLM in the market. The Arctic boasts of a unique Mixture-of-Experts (MoE) structure, providing profound intelligence with extraordinary efficiency on a large scale. What sets it apart is its commitment to openness; Snowflake is making Arctic’s weights accessible under an Apache 2.0 license, permitting unlimited personal, research, and commercial use. Besides, the company is disclosing the research concepts that contributed to its creation, setting a fresh standard for transparency and cooperation in the enterprise AI industry._x000D_

_x000D_

#Access The Full Report Here:#_x000D_

https://www.thebusinessresearchcompany.com/report/large-language-model-llm-global-market-report_x000D_

_x000D_

#Which Countries Are Leading the Large Language Model (LLM) Market?#_x000D_

North Americawas the largest region in the large language model (LLM) market in 2023. Asia-Pacificis expected to be the fastest-growing region in the forecast period. The regions covered in the large language model (LLM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa._x000D_

_x000D_

#Purchase The Full Report Today:#_x000D_

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16105_x000D_

_x000D_

#This Report Delivers Insight On: #_x000D_

1. How big is the large language model (llm) market, and how is it changing globally?_x000D_

2. Who are the major companies in the large language model (llm) market, and how are they performing?_x000D_

3. What are the key opportunities and risks in the large language model (llm) market right now?_x000D_

4. Which products or customer segments are growing the most in the large language model (llm) market?_x000D_

5. What factors are helping or slowing down the growth of the large language model (llm) market?_x000D_

_x000D_

#About The Business Research Company:#_x000D_

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game._x000D_

_x000D_

#Get in touch with us:#_x000D_

The Business Research Company: https://www.thebusinessresearchcompany.com/_x000D_

Americas +1 310-496-7795_x000D_

Europe +44 7882 955267_x000D_

Asia & Others +44 7882 955267 & +91 8897263534_x000D_

_x000D_

Email us at [email protected]_x000D_

_x000D_

#Follow us on:#_x000D_

_x000D_

LinkedIn: https://in.linkedin.com/company/the-business-research-company_x000D_