Large AI Model Market Trends and Forecast
The future of the global large AI model market looks promising with opportunities in the education, energy, automotive, and medical markets. The global large AI model market is expected to grow with a CAGR of 28.5% from 2024 to 2030. The major drivers for this market are increasing demand for powerful large language models for complex tasks, growing pool of AI engineers & data scientists, and rising use of this model in industries like healthcare, finance, and automotive.
• Lucintel forecasts that natural language processing foundation model is expected to witness the highest growth over the forecast period.
• Within this market, education is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Large AI Model Market
• United States: OpenAI announced plans to develop more advanced versions of GPT, aiming for greater efficiency and wider application in industries. The U.S. government also increased funding for AI research, emphasizing ethical AI development and regulation.
• China: Baidu launched its next-generation AI model, ERNIE 4.0, targeting enhanced natural language understanding and generation. The Chinese government unveiled a new AI development plan, aiming to make the country a global leader in AI by 2030.
• United Kingdom: DeepMind, a subsidiary of Alphabet, announced breakthroughs in protein folding predictions using AI, which can revolutionize drug discovery. The UK government introduced a new AI strategy, focusing on research, talent development, and ethical AI usage.
• Germany: SAP announced the integration of large AI models into its enterprise software to improve automation and analytics capabilities. The German government launched a significant funding initiative to support AI startups and enhance the countryÄX%$%Xs AI research infrastructure.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Large AI Model Market by Segment
The study includes a forecast for the global large AI model market by type, application, and region.
Large AI Model Market by Type [Value from 2018 to 2030]:
• Natural Language Processing Foundation Model
• Computer Vision Foundation Model
• Multimodal Foundation Model
• Others
Large AI Model Market by Application [Value from 2018 to 2030]:
• Education
• Energy
• Automotive
• Medical
• Others
Large AI Model Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Large AI Model Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies large AI model companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the large AI model companies profiled in this report include-
• OpenAI
• Microsoft
• Google
• NVIDIA
• Alibaba
• Baidu
• Tencent
• Huawei
• Naver
• Anthropic
Recent Development in the Large AI Model Market
• OpenAI: OpenAI continues to push the boundaries of AI with the development of advanced versions of the GPT series. The company aims to enhance the efficiency and versatility of its language models, making them more accessible for various industries. Recent updates focus on improving contextual understanding and generation capabilities, contributing significantly to the AI landscape.
• Google DeepMind: DeepMind has made significant strides with its AI model AlphaFold, which accurately predicts protein structures. This breakthrough holds the potential to revolutionize drug discovery and development, providing deeper insights into diseases and accelerating the creation of new treatments. DeepMindÄX%$%Xs advancements in this area highlight the transformative power of AI in healthcare.
• Baidu: Baidu has launched ERNIE 4.0, its latest large AI model, which aims to enhance natural language understanding and generation. ERNIE 4.0ÄX%$%Xs improvements are geared towards providing more accurate and context-aware AI applications, positioning Baidu as a leader in the Chinese AI market and beyond. This development underscores BaiduÄX%$%Xs commitment to advancing AI technologies.
• Microsoft: Microsoft has integrated large AI models into its Azure cloud services, offering advanced AI capabilities to enterprises globally. The initiative focuses on providing robust, scalable AI solutions for various business needs, from data analytics to customer service automation. MicrosoftÄX%$%Xs approach aims to democratize AI, making it accessible to a broader range of users and industries.
• IBM: IBM introduced its AI model Watson Discovery, which leverages advanced natural language processing to help businesses uncover insights from vast amounts of data. This initiative aims to enhance decision-making processes and improve operational efficiency across sectors. IBMÄX%$%Xs focus on enterprise AI solutions highlights its dedication to driving innovation and productivity through AI.
Features of the Global Large AI Model Market
Market Size Estimates: Large AI model market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Large AI model market size by type, application, and region in terms of value ($B).
Regional Analysis: Large AI model market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the large AI model market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the large AI model market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for large AI model market?
Answer: The global large AI model market is expected to grow with a CAGR of 28.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the large AI model market?
Answer: The major drivers for this market are increasing demand for powerful large language models for complex tasks, growing pool of AI engineers & data scientists, and rising use of this model in industries like healthcare, finance, and automotive.
Q3. What are the major segments for large AI model market?
Answer: The future of the large AI model market looks promising with opportunities in the education, energy, automotive, and medical markets.
Q4. Who are the key large AI model market companies?
Answer: Some of the key large AI model companies are as follows:
• OpenAI
• Microsoft
• Google
• NVIDIA
• Alibaba
• Baidu
• Tencent
• Huawei
• Naver
• Anthropic
Q5. Which large AI model market segment will be the largest in future?
Answer: Lucintel forecasts that natural language processing foundation model is expected to witness the highest growth over the forecast period.
Q6. In large AI model market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the large AI model market by type (natural language processing foundation model, computer vision foundation model, multimodal foundation model, and others), application (education, energy, automotive, medical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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