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Europe Large Language Model Powered Tools Market Size, Share & Trends Analysis Report By Deployment (Cloud, and On-Premises), By Type, By Application, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 149 Pages
  • September 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6007534
The Europe Large Language Model Powered Tools Market would witness market growth of 45% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Large Language Model Powered Tools Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.67 billion by 2031. The UK market is exhibiting a CAGR of 43.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 46.1% during (2024 - 2031).



Large language models, such as OpenAI’s GPT series, Google’s BERT, and Microsoft’s Turing models, have emerged as groundbreaking technologies capable of understanding and generating human-like text. These models, trained on vast datasets, can comprehend context, answer complex questions, translate languages, and generate creative content.

Moreover, their applications have spread across industries, transforming everything from customer service and content generation to legal services and healthcare. The demand for tools powered by LLMs is on the rise as organizations endeavor to capitalize on their potential. Businesses of all sizes are investigating innovative use cases to enhance efficiency, promote customer engagement, and streamline operations.

The demand for large language model (LLM)-powered tools in Europe is rapidly growing, driven by various factors across different nations. As businesses and governments explore the potential of artificial intelligence (AI) to improve efficiency and drive innovation, countries across the region are investing in AI-driven technologies, including LLMs, to bolster key sectors such as software development, language translation, and personalization. The European Union (EU) promotes AI adoption through regulatory frameworks and investments in research and development, positioning the region to become a leader in AI technologies. In 2021, the EU invested €1 billion annually through the Digital Europe Program to advance AI research and innovation across member states, signaling a strong commitment to AI-powered solutions.

Based on Deployment, the market is segmented into Cloud, and On-Premises. Based on Type, the market is segmented into General-Purpose Tools, Domain-Specific Tools, and Task-Specific Tools. Based on Application, the market is segmented into Content Generation, Customer Support, Language Translation, Creative Arts, Data Analysis & Insights, Software Development, Personalization, and Education & Training. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled

  • OpenAI, LLC
  • Google LLC (Alphabet Inc.)
  • Microsoft Corporation
  • IBM Corporation
  • Oracle Corporation
  • Meta Platforms, Inc.
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • Salesforce, Inc.
  • Hewlett Packard Enterprise Company
  • NVIDIA Corporation

Market Report Segmentation

By Deployment

  • Cloud
  • On-Premises

By Type

  • General-Purpose Tools
  • Domain-Specific Tools
  • Task-Specific Tools

By Application

  • Content Generation
  • Customer Support
  • Language Translation
  • Creative Arts
  • Data Analysis & Insights
  • Software Development
  • Personalization
  • Education & Training

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

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 Powered Tools Market, by Deployment
1.4.2 Europe Large Language Model Powered Tools Market, by Type
1.4.3 Europe Large Language Model Powered Tools Market, by Application
1.4.4 Europe Large Language Model Powered Tools 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
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2023, Feb - 2024, Sep) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Large Language Model Powered Tools Market by Deployment
5.1 Europe Cloud Market by Country
5.2 Europe On-Premises Market by Country
Chapter 6. Europe Large Language Model Powered Tools Market by Type
6.1 Europe General-Purpose Tools Market by Country
6.2 Europe Domain-Specific Tools Market by Country
6.3 Europe Task-Specific Tools Market by Country
Chapter 7. Europe Large Language Model Powered Tools Market by Application
7.1 Europe Content Generation Market by Country
7.2 Europe Customer Support Market by Country
7.3 Europe Language Translation Market by Country
7.4 Europe Creative Arts Market by Country
7.5 Europe Data Analysis & Insights Market by Country
7.6 Europe Software Development Market by Country
7.7 Europe Personalization Market by Country
7.8 Europe Education & Training Market by Country
Chapter 8. Europe Large Language Model Powered Tools Market by Country
8.1 Germany Large Language Model Powered Tools Market
8.1.1 Germany Large Language Model Powered Tools Market by Deployment
8.1.2 Germany Large Language Model Powered Tools Market by Type
8.1.3 Germany Large Language Model Powered Tools Market by Application
8.2 UK Large Language Model Powered Tools Market
8.2.1 UK Large Language Model Powered Tools Market by Deployment
8.2.2 UK Large Language Model Powered Tools Market by Type
8.2.3 UK Large Language Model Powered Tools Market by Application
8.3 France Large Language Model Powered Tools Market
8.3.1 France Large Language Model Powered Tools Market by Deployment
8.3.2 France Large Language Model Powered Tools Market by Type
8.3.3 France Large Language Model Powered Tools Market by Application
8.4 Russia Large Language Model Powered Tools Market
8.4.1 Russia Large Language Model Powered Tools Market by Deployment
8.4.2 Russia Large Language Model Powered Tools Market by Type
8.4.3 Russia Large Language Model Powered Tools Market by Application
8.5 Spain Large Language Model Powered Tools Market
8.5.1 Spain Large Language Model Powered Tools Market by Deployment
8.5.2 Spain Large Language Model Powered Tools Market by Type
8.5.3 Spain Large Language Model Powered Tools Market by Application
8.6 Italy Large Language Model Powered Tools Market
8.6.1 Italy Large Language Model Powered Tools Market by Deployment
8.6.2 Italy Large Language Model Powered Tools Market by Type
8.6.3 Italy Large Language Model Powered Tools Market by Application
8.7 Rest of Europe Large Language Model Powered Tools Market
8.7.1 Rest of Europe Large Language Model Powered Tools Market by Deployment
8.7.2 Rest of Europe Large Language Model Powered Tools Market by Type
8.7.3 Rest of Europe Large Language Model Powered Tools Market by Application
Chapter 9. Company Profiles
9.1 OpenAI, L.L.C.
9.1.1 Company Overview
9.1.2 Recent strategies and developments:
9.1.2.1 Partnerships, Collaborations, and Agreements:
9.1.2.2 Acquisition and Mergers:
9.1.3 SWOT Analysis
9.2 Google LLC (Alphabet Inc.)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Microsoft Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 IBM Corporation
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.4.6 SWOT Analysis
9.5 Oracle Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Amazon Web Services, Inc. (Amazon.com, Inc.)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Partnerships, Collaborations, and Agreements:
9.6.5 SWOT Analysis
9.7 Meta Platforms, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segment and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Salesforce, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 Hewlett Packard Enterprise Company
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
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:
9.10.5.2 Product Launches and Product Expansions:
9.10.6 SWOT Analysis

Companies Mentioned

  • OpenAI, LLC
  • Google LLC (Alphabet Inc.)
  • Microsoft Corporation
  • IBM Corporation
  • Oracle Corporation
  • Meta Platforms, Inc.
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • Salesforce, Inc.
  • Hewlett Packard Enterprise Company
  • NVIDIA Corporation

Methodology

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