Europe Large Language Model Market Size, Share & Trends Analysis Report By Deployment, By Vertical (Retail & E-commerce, Media & Entertainment, Finance, Healthcare, and Others), By Application, By Country and Growth Forecast, 2023 - 2030
The Europe Large Language Model Market would witness market growth of 33.8% CAGR during the forecast period (2023-2030).
Legal professionals’ benefit from large language models for document analysis, contract review, and legal research. The models assist in processing vast amounts of legal text, extracting relevant information, and streamlining legal workflows. The precision and speed brought by these models are reshaping the landscape of legal document analysis. It can identify and extract critical information such as case details, legal precedents, and relevant facts from legal documents. This assists legal professionals in quickly obtaining insights without requiring exhaustive manual review. Detecting anomalies or irregularities within legal documents is a crucial aspect of document analysis. It can identify inconsistencies, flag potential issues, and contribute to due diligence processes.
Furthermore, retail businesses deploy large language models to enhance customer engagement through chatbots, providing product recommendations, answering queries, and streamlining the online shopping experience. The models contribute to personalized interactions, ultimately driving sales and customer satisfaction. Scientific literature analysis, idea generation, and knowledge extraction are areas where large language models showcase their prowess in research and development. These models aid researchers in sifting through vast volumes of scientific literature, identifying trends, and accelerating the pace of discovery. Moreover, It supports human resources functions by automating tasks like resume screening and employee communication analysis. The models contribute to efficient hiring processes and provide valuable insights into employee engagement and communication dynamics.
Moreover, it can be integrated into virtual assistants and chatbots to facilitate patient interactions. In the UK healthcare sector, these virtual assistants can provide patient information, schedule appointments, and answer queries, improving patient engagement and satisfaction. In addition, as per the Office for National Statistics, in 2020, healthcare expenditures in the United Kingdom amounted to £257.6 billion, which is equivalent to £3,840 per individual. Furthermore, in 2020, healthcare expenditures in the United Kingdom comprised 12.0% of the country's gross domestic product (GDP). Therefore, the growing healthcare sector in Europe will increase the demand for large language models.
The Germany market dominated the Europe Large Language Model Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,014.4 million by 2030. The UK market is showcasing a CAGR of 32.5% during (2023 - 2030). Additionally, The France market would register a CAGR of 34.8% during (2023 - 2030).
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
By Deployment
- On-premise
- Cloud
- Retail & E-commerce
- Media & Entertainment
- Finance
- Healthcare
- Others
- Chatbots & Virtual Assistant
- Customer Service
- Content Generation
- Sentiment Analysis
- Code Generation
- Language Translation
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Large Language Model Market, by Deployment
- 1.4.2 Europe Large Language Model Market, by Vertical
- 1.4.3 Europe Large Language Model Market, by Application
- 1.4.4 Europe 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. Europe Large Language Model Market by Deployment
- 5.1 Europe On-premise Market by Country
- 5.2 Europe Cloud Market by Country
- Chapter 6. Europe Large Language Model Market by Vertical
- 6.1 Europe Retail & E-commerce Market by Country
- 6.2 Europe Media & Entertainment Market by Country
- 6.3 Europe Finance Market by Country
- 6.4 Europe Healthcare Market by Country
- 6.5 Europe Others Market by Country
- Chapter 7. Europe Large Language Model Market by Application
- 7.1 Europe Chatbots & Virtual Assistant Market by Country
- 7.2 Europe Customer Service Market by Country
- 7.3 Europe Content Generation Market by Country
- 7.4 Europe Sentiment Analysis Market by Country
- 7.5 Europe Code Generation Market by Country
- 7.6 Europe Language Translation Market by Country
- Chapter 8. Europe Large Language Model Market by Country
- 8.1 Germany Large Language Model Market
- 8.1.1 Germany Large Language Model Market by Deployment
- 8.1.2 Germany Large Language Model Market by Vertical
- 8.1.3 Germany Large Language Model Market by Application
- 8.2 UK Large Language Model Market
- 8.2.1 UK Large Language Model Market by Deployment
- 8.2.2 UK Large Language Model Market by Vertical
- 8.2.3 UK Large Language Model Market by Application
- 8.3 France Large Language Model Market
- 8.3.1 France Large Language Model Market by Deployment
- 8.3.2 France Large Language Model Market by Vertical
- 8.3.3 France Large Language Model Market by Application
- 8.4 Russia Large Language Model Market
- 8.4.1 Russia Large Language Model Market by Deployment
- 8.4.2 Russia Large Language Model Market by Vertical
- 8.4.3 Russia Large Language Model Market by Application
- 8.5 Spain Large Language Model Market
- 8.5.1 Spain Large Language Model Market by Deployment
- 8.5.2 Spain Large Language Model Market by Vertical
- 8.5.3 Spain Large Language Model Market by Application
- 8.6 Italy Large Language Model Market
- 8.6.1 Italy Large Language Model Market by Deployment
- 8.6.2 Italy Large Language Model Market by Vertical
- 8.6.3 Italy Large Language Model Market by Application
- 8.7 Rest of Europe Large Language Model Market
- 8.7.1 Rest of Europe Large Language Model Market by Deployment
- 8.7.2 Rest of Europe Large Language Model Market by Vertical
- 8.7.3 Rest of Europe 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
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