The North America Large Language Model Market would witness market growth of 33.4% CAGR during the forecast period (2023-2030).
Artificial intelligence (AI) has witnessed a transformative paradigm shift in recent years with large language models' emergence and rapid development. These models, powered by advanced natural language processing (NLP) techniques, have become pivotal in reshaping how machines understand, generate, and interact with human language. The market, fueled by significant advancements in deep learning and computational capabilities, stands at the forefront of AI innovation, revolutionizing communication, information processing, and many industries.
In addition, organizations across diverse sectors quickly recognized the potential of large language models to enhance automation, decision-making processes, and user interactions. The adoption of these models expanded beyond the realms of technology giants and research institutions, reaching into industries such as healthcare, finance, customer service, content creation, and more. The versatility and adaptability of large language models played a pivotal role in driving their adoption across a wide spectrum of applications. The market has catalyzed transformative changes in various industries, unlocking novel possibilities and optimizing existing processes. The applications span a wide range of sectors, each harnessing the power of these models to address specific challenges and streamline operations.
In addition, Canada's financial industry has undergone a significant digital transformation, with institutions adopting state-of-the-art technologies to improve consumer satisfaction, streamline operations, and sustain a competitive advantage. Significant language models may facilitate numerous facets of this paradigm shift. Large language models can be utilized to analyze enormous quantities of textual data in the finance industry, such as regulatory updates, market news, and financial reports. This capability aids in extracting valuable insights, identifying trends, and making informed decisions. As per the data published in 2023 by the International Trade Administration, Canada’s banking industry contributes 3.6% (or US$55 billion) to Canada’s GDP. Thus, growing digital transformation across industries and the rising finance sector in Canada will assist in expanding the regional market.
The US market dominated the North America Large Language Model Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8,308.7 million by 2030. The Canada market is experiencing a CAGR of 36.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 35.2% during (2023 - 2030).
Free Valuable Insights: The Large Language Model Market is Predict to reach $33.1 Billion by 2030, at a CAGR of 34.3%
Based on Deployment, the market is segmented into On-premise, and Cloud. Based on Vertical, the market is segmented into Retail & E-commerce, Media & Entertainment, Finance, Healthcare, and Others. Based on Application, the market is segmented into Chatbots & Virtual Assistant, Customer Service, Content Generation, Sentiment Analysis, Code Generation, and Language Translation. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Baidu, Inc.
- Google LLC (Alphabet Inc.)
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Meta Platforms, Inc.
- Microsoft Corporation
- OpenAI, LLC
- Yandex N.V.
- IBM Corporation
- NVIDIA Corporation
North America Large Language Model Market Report Segmentation
By Deployment
By Vertical
- Retail & E-commerce
- Media & Entertainment
- Finance
- Healthcare
- Others
By Application
- Chatbots & Virtual Assistant
- Customer Service
- Content Generation
- Sentiment Analysis
- Code Generation
- Language Translation
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Large Language Model Market, by Deployment
1.4.2 North America Large Language Model Market, by Vertical
1.4.3 North America Large Language Model Market, by Application
1.4.4 North America Large Language Model Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Strategies Deployed in Large Language Model Market
Chapter 5. North America Large Language Model Market by Deployment
5.1 North America On-premise Market by Region
5.2 North America Cloud Market by Region
Chapter 6. North America Large Language Model Market by Vertical
6.1 North America Retail & E-commerce Market by Country
6.2 North America Media & Entertainment Market by Country
6.3 North America Finance Market by Country
6.4 North America Healthcare Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Large Language Model Market by Application
7.1 North America Chatbots & Virtual Assistant Market by Country
7.2 North America Customer Service Market by Country
7.3 North America Content Generation Market by Country
7.4 North America Sentiment Analysis Market by Country
7.5 North America Code Generation Market by Country
7.6 North America Language Translation Market by Country
Chapter 8. North America Large Language Model Market by Country
8.1 US Large Language Model Market
8.1.1 US Large Language Model Market by Deployment
8.1.2 US Large Language Model Market by Vertical
8.1.3 US Large Language Model Market by Application
8.2 Canada Large Language Model Market
8.2.1 Canada Large Language Model Market by Deployment
8.2.2 Canada Large Language Model Market by Vertical
8.2.3 Canada Large Language Model Market by Application
8.3 Mexico Large Language Model Market
8.3.1 Mexico Large Language Model Market by Deployment
8.3.2 Mexico Large Language Model Market by Vertical
8.3.3 Mexico Large Language Model Market by Application
8.4 Rest of North America Large Language Model Market
8.4.1 Rest of North America Large Language Model Market by Deployment
8.4.2 Rest of North America Large Language Model Market by Vertical
8.4.3 Rest of North America Large Language Model Market by Application
Chapter 9. Company Profiles
9.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 Recent strategies and developments:
9.1.4.1 Partnerships, Collaborations, and Agreements:
9.1.5 SWOT Analysis
9.2 Baidu, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental Analysis
9.2.4 Research & Development Expenses
9.2.5 SWOT Analysis
9.3 Google LLC (Alphabet Inc.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.6 SWOT Analysis
9.4 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 Meta Platforms, Inc. (Meta)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segment and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 SWOT Analysis
9.6 Microsoft Corporation
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Acquisition and Mergers:
9.6.6 SWOT Analysis
9.7 OpenAI, L.L.C.
9.7.1 Company Overview
9.7.2 SWOT Analysis
9.8 Yandex N.V.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.9 IBM Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional & Segmental Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.6 SWOT Analysis
9.10. NVIDIA Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expenses
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.6 SWOT Analysis
TABLE 1 North America Large Language Model Market, 2019 - 2022, USD Million
TABLE 2 North America Large Language Model Market, 2023 - 2030, USD Million
TABLE 3 North America Large Language Model Market by Deployment, 2019 - 2022, USD Million
TABLE 4 North America Large Language Model Market by Deployment, 2023 - 2030, USD Million
TABLE 5 North America On-premise Market by Region, 2019 - 2022, USD Million
TABLE 6 North America On-premise Market by Region, 2023 - 2030, USD Million
TABLE 7 North America Cloud Market by Region, 2019 - 2022, USD Million
TABLE 8 North America Cloud Market by Region, 2023 - 2030, USD Million
TABLE 9 North America Large Language Model Market by Vertical, 2019 - 2022, USD Million
TABLE 10 North America Large Language Model Market by Vertical, 2023 - 2030, USD Million
TABLE 11 North America Retail & E-commerce Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Retail & E-commerce Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Media & Entertainment Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Media & Entertainment Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Finance Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Finance Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Large Language Model Market by Application, 2019 - 2022, USD Million
TABLE 22 North America Large Language Model Market by Application, 2023 - 2030, USD Million
TABLE 23 North America Chatbots & Virtual Assistant Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Chatbots & Virtual Assistant Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Customer Service Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Customer Service Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Content Generation Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Content Generation Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Sentiment Analysis Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Sentiment Analysis Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Code Generation Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Code Generation Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Language Translation Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Language Translation Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Large Language Model Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Large Language Model Market by Country, 2023 - 2030, USD Million
TABLE 37 US Large Language Model Market, 2019 - 2022, USD Million
TABLE 38 US Large Language Model Market, 2023 - 2030, USD Million
TABLE 39 US Large Language Model Market by Deployment, 2019 - 2022, USD Million
TABLE 40 US Large Language Model Market by Deployment, 2023 - 2030, USD Million
TABLE 41 US Large Language Model Market by Vertical, 2019 - 2022, USD Million
TABLE 42 US Large Language Model Market by Vertical, 2023 - 2030, USD Million
TABLE 43 US Large Language Model Market by Application, 2019 - 2022, USD Million
TABLE 44 US Large Language Model Market by Application, 2023 - 2030, USD Million
TABLE 45 Canada Large Language Model Market, 2019 - 2022, USD Million
TABLE 46 Canada Large Language Model Market, 2023 - 2030, USD Million
TABLE 47 Canada Large Language Model Market by Deployment, 2019 - 2022, USD Million
TABLE 48 Canada Large Language Model Market by Deployment, 2023 - 2030, USD Million
TABLE 49 Canada Large Language Model Market by Vertical, 2019 - 2022, USD Million
TABLE 50 Canada Large Language Model Market by Vertical, 2023 - 2030, USD Million
TABLE 51 Canada Large Language Model Market by Application, 2019 - 2022, USD Million
TABLE 52 Canada Large Language Model Market by Application, 2023 - 2030, USD Million
TABLE 53 Mexico Large Language Model Market, 2019 - 2022, USD Million
TABLE 54 Mexico Large Language Model Market, 2023 - 2030, USD Million
TABLE 55 Mexico Large Language Model Market by Deployment, 2019 - 2022, USD Million
TABLE 56 Mexico Large Language Model Market by Deployment, 2023 - 2030, USD Million
TABLE 57 Mexico Large Language Model Market by Vertical, 2019 - 2022, USD Million
TABLE 58 Mexico Large Language Model Market by Vertical, 2023 - 2030, USD Million
TABLE 59 Mexico Large Language Model Market by Application, 2019 - 2022, USD Million
TABLE 60 Mexico Large Language Model Market by Application, 2023 - 2030, USD Million
TABLE 61 Rest of North America Large Language Model Market, 2019 - 2022, USD Million
TABLE 62 Rest of North America Large Language Model Market, 2023 - 2030, USD Million
TABLE 63 Rest of North America Large Language Model Market by Deployment, 2019 - 2022, USD Million
TABLE 64 Rest of North America Large Language Model Market by Deployment, 2023 - 2030, USD Million
TABLE 65 Rest of North America Large Language Model Market by Vertical, 2019 - 2022, USD Million
TABLE 66 Rest of North America Large Language Model Market by Vertical, 2023 - 2030, USD Million
TABLE 67 Rest of North America Large Language Model Market by Application, 2019 - 2022, USD Million
TABLE 68 Rest of North America Large Language Model Market by Application, 2023 - 2030, USD Million
TABLE 69 Key Information – Amazon Web Services, Inc.
TABLE 70 Key Information – Baidu, Inc.
TABLE 71 Key Information – Google LLC
TABLE 72 Key Information – Huawei Technologies Co., Ltd.
TABLE 73 Key Information – Meta Platforms, Inc.
TABLE 74 Key Information – Microsoft Corporation
TABLE 75 Key Information – OpenAI, L.L.C.
TABLE 76 Key Information – Yandex N.V.
TABLE 77 Key Information – IBM Corporation
TABLE 78 Key Information – NVIDIA Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Large Language Model Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Large Language Model Market
FIG 4 Porter’s Five Forces Analysis – Large Language Model Market
FIG 5 North America Large Language Model Market share by Deployment, 2022
FIG 6 North America Large Language Model Market shafre by Deployment, 2030
FIG 7 North America Large Language Model Market by Deployment, 2019 - 2030, USD Million
FIG 8 North America Large Language Model Market share by Vertical, 2022
FIG 9 North America Large Language Model Market share by Vertical, 2030
FIG 10 North America Large Language Model Market by Vertical, 2019 - 2030, USD Million
FIG 11 North America Large Language Model Market share by Application, 2022
FIG 12 North America Large Language Model Market share by Application, 2030
FIG 13 North America Large Language Model Market by Application, 2019 - 2030, USD Million
FIG 14 North America Large Language Model Market share by Country, 2022
FIG 15 North America Large Language Model Market share by Country, 2030
FIG 16 North America Large Language Model Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT analysis: Amazon Web Services, Inc.
FIG 18 SWOT Analysis: Baidu, Inc.
FIG 19 SWOT Analysis: Google LLC
FIG 20 SWOT Analysis: Huawei Technologies Co., Ltd.
FIG 21 SWOT Analysis: Meta Platforms, Inc.
FIG 22 SWOT Analysis: Microsoft Corporation
FIG 23 SWOT Analysis: OpenAI, L.L.C.
FIG 24 SWOT Analysis: IBM Corporation
FIG 25 SWOT Analysis: NVIDIA Corporation