Technology
AI Large Language Models Market Soars at 79.8% CAGR – Demand for Chatbots, Content Generation & NLP Rises | Valuates Reports
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1 year agoon
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BANGALORE, India, Jan. 30, 2025 /PRNewswire/ — Artificial Intelligence Large Language Models Market is Segmented by Type (Below 100 Billion Parameters, Above 100 Billion Parameters), by Application (Chatbots and Virtual Assistants, Content Generation, Language Translation, Code Development, Sentiment Analysis, Medical Diagnosis and Treatment, Education).
The Global Artificial Intelligence Large Language Models Market was valued at USD 1591 Million in 2023 and is anticipated to reach USD 259840 Million by 2030, witnessing a CAGR of 79.8% during the forecast period 2024-2030.
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Major Factors Driving the Growth of AI LLM Market:
The Artificial Intelligence Large Language Models Market is poised for substantial growth, driven by the increasing demand for advanced natural language processing capabilities across diverse industries. The market is characterized by continuous innovations in LLM technologies, enhancing their performance, scalability, and applicability in various applications such as chatbots, virtual assistants, and automated content creation. The integration of LLMs into business operations enables improved efficiency, personalized customer experiences, and data-driven decision-making, making them indispensable tools for modern enterprises.
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TRENDS INFLUENCING THE GROWTH OF THE ARTIFICIAL INTELLIGENCE LARGE LANGUAGE MODELS MARKET:
Large Language Models (LLMs) with below 100 billion parameters are instrumental in driving the growth of the Artificial Intelligence Large Language Models Market by offering cost-effective and scalable solutions for various applications. These models provide robust performance in natural language processing tasks such as text generation, sentiment analysis, and machine translation, making them accessible to a wider range of businesses, including startups and SMEs. Their lower computational requirements enable faster deployment and integration into existing systems, reducing the barriers to adoption. Additionally, advancements in model efficiency and optimization techniques have enhanced the capabilities of smaller LLMs, allowing them to deliver high-quality results without the need for extensive resources. This accessibility and efficiency foster broader usage across industries, contributing significantly to the market’s expansion.
These expansive models excel in complex language understanding and generation tasks, enabling advanced applications such as sophisticated chatbots, automated content creation, and deep semantic analysis. The increased parameter count allows for greater contextual awareness and more nuanced responses, enhancing user interactions and satisfaction. Moreover, the deployment of large-scale LLMs in sectors like healthcare, finance, and legal services drives innovation and efficiency, providing tailored solutions that meet specific industry needs. The continual investment in developing and refining these massive models ensures their dominance and sustains market growth by catering to high-demand, high-value applications.
Chatbots and virtual assistants are significant drivers of the growth of the Artificial Intelligence Large Language Models Market, as they leverage advanced LLMs to deliver enhanced user experiences and operational efficiencies. These AI-powered tools utilize natural language understanding and generation to interact seamlessly with users, providing instant support, personalized recommendations, and automated task handling. The integration of LLMs into chatbots and virtual assistants allows for more natural and intuitive conversations, increasing user engagement and satisfaction. Businesses across various sectors, including customer service, e-commerce, and healthcare, adopt these technologies to improve service delivery, reduce operational costs, and enhance customer interactions. The continuous advancements in LLM capabilities enable chatbots and virtual assistants to handle increasingly complex queries, driving their widespread adoption and contributing to the robust growth of the AI Large Language Models Market.
High-quality, diverse datasets are essential for training LLMs to perform accurately and effectively across various tasks. The proliferation of digital content, including text, audio, and video, provides a rich source of data that can be leveraged to enhance model training. Additionally, advancements in data preprocessing and augmentation techniques ensure that the data used is clean, relevant, and representative of real-world scenarios. The increased focus on data privacy and ethical data sourcing also plays a crucial role, as it ensures that models are trained responsibly, fostering trust and acceptance among users.
Industry-specific applications are a key driver of the Artificial Intelligence Large Language Models Market, as tailored LLM solutions address unique challenges and requirements within different sectors. In healthcare, LLMs assist in medical research, patient diagnostics, and personalized treatment plans by analyzing vast amounts of medical literature and patient data. In finance, they enhance risk assessment, fraud detection, and customer service through advanced data analysis and predictive modeling. The legal industry benefits from LLMs by streamlining document review, case research, and contract analysis, increasing efficiency and accuracy. Additionally, sectors like education, retail, and entertainment utilize LLMs to create customized content, optimize operations, and improve user engagement. The ability of LLMs to adapt to specific industry needs fosters innovation and operational excellence, driving the adoption and growth of the AI Large Language Models Market across diverse fields.
Cost efficiency is a significant factor driving the Artificial Intelligence Large Language Models Market, as businesses seek to maximize their return on investment while leveraging advanced AI capabilities. The development and deployment of LLMs, particularly those with extensive parameters, can be resource-intensive. However, advancements in model optimization, cloud computing, and scalable infrastructure have significantly reduced the costs associated with training and maintaining these models. Cloud-based AI services offer flexible pricing models, enabling businesses to access powerful LLMs without substantial upfront investments in hardware and software. Additionally, improvements in energy efficiency and computational algorithms contribute to lower operational costs, making LLMs more affordable and accessible. The balance between high performance and cost-effectiveness encourages broader adoption of LLMs, driving market growth by enabling more businesses to integrate advanced AI solutions into their operations.
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ARTIFICIAL INTELLIGENCE LARGE LANGUAGE MODELS MARKET SHARE
The key players of Large Language Model (LLM) include Open AI(ChatGPT), Google(PaLM) and Meta (LLaMA), etc. The top three players hold a share over 86%.
North America is the largest market, with a share of about 53%. North America leads the market, driven by its robust technology ecosystem, substantial investments in AI research, and the presence of major AI developers.
The Asia-Pacific region is experiencing rapid growth, fueled by increasing investments in AI, a growing number of technology startups, and expanding applications across diverse industries in countries like China, Japan, and India. In terms of product type, Below 100 Billion Parameters is the largest segment, occupied for a share of about 70%. In terms of application, Chatbots and Virtual Assistants have a share of about 32%.
Key Companies:
Open AI(ChatGPT)Google(PaLM)Meta (LLaMA)AI21 Labs(Jurassic)CohereAnthropic(Claude)Microsoft(Turing-NLG, Orca)Huawei(Pangu)Naver(HyperCLOVA)Tencent(Hunyuan)Yandex(YaLM)Amazon(Titan, Olympus)Alibaba(Qwen)Baidu (Ernie)Technology Innovation Institute (TII) (Falcon)CrowdWorksNEC
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
– The Large Language Model (LLM) Market was valued at 10.5 Billion USD in 2022 and is anticipated to reach 40.8 Billion USD by 2029, witnessing a CAGR of 21.4% during the forecast period 2023-2029.
– Small Language Model market was valued at USD 5180 Million in 2023 and is anticipated to reach USD 17180 Million by 2030, witnessing a CAGR of 17.8% during the forecast period 2024-2030.
– AIGC Large Language Model (LLM) market was valued at USD 214.8 Million in 2023 and is anticipated to reach USD 259890 Million by 2030, witnessing a CAGR of 141.7% during the forecast period 2024-2030.
– LLM Prompt Generation Tools Market was valued at USD 456 Million in the year 2024 and is projected to reach a revised size of USD 1018 Million by 2031, growing at a CAGR of 12.0% during the forecast period.
– GPU Cloud Development Trends and Key Players in the Era of LLM and GenAI (pre-order)
– Generative AI Solution Market
– Virtual Assistant market size is expected to reach USD 8613.5 Million by 2029, growing at a CAGR of 22.3% from 2023 to 2029.
– The global market for Artificial Intelligence and Machine Learning was estimated to be worth USD 2145 Million in 2023 and is forecast to a readjusted size of USD 4940.5 Million by 2030 with a CAGR of 11.8% during the forecast period 2024-2030.
– Artificial Intelligence-based Personalization Market
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NEW YORK, July 18, 2026 /PRNewswire/ — Software Experts has recognized CapCut as a top choice among AI design tools for 2026, citing its AI Design Studio as a standout resource for creating images and marketing assets. The recognition points to the platform’s combination of automated layout generation, image editing, and campaign focused features built for marketers, e-commerce sellers, and content creators.
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Why AI Design Tools Matter for Small Teams
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Software Experts noted that the AI Design Studio is suited to a range of users, from e-commerce sellers managing large catalogs to individual creators producing social media content, as well as marketing teams handling multiple campaigns at once. The tool is offered as part of CapCut’s existing platform, with pricing details available directly through CapCut.
Readers can find the full review at Software Experts.
About CapCut
CapCut is an AI-powered photo and video editing platform designed to make high-quality video creation accessible across devices. The platform supports creators, businesses, and everyday users with tools for video editing, AI video generation, captions, templates, audio, and visual editing. CapCut is available across mobile, web, desktop, and iPad experiences, helping users create, edit, and prepare video content for social media, marketing, education, and personal projects.
About Software Experts: Software Experts delivers in-depth news on the digital tools shaping today’s consumer experience. As an affiliate, Software Experts may earn commissions from sales generated using links provided.
View original content:https://www.prnewswire.com/news-releases/best-ai-design-tools-2026-capcut-named-a-top-choice-for-creating-images-and-marketing-assets-by-software-experts-302828625.html
SOURCE SoftwareExperts.org
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Best AI Design Tools (2026): CapCut Named a Top Choice for Creating Images and Marketing Assets by Software Experts
Published
8 minutes agoon
July 18, 2026By
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Best AI Design Tools
CapCut AI Design Studio – a web based design workspace that uses AI to help users create ads, product visuals, and branded content without prior design experience.
Core Capabilities of the AI Design Studio
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The latest version, Design 2.0, brings references, drafts, assets, and edits into a single workspace. Features include pencil prompting for visual editing, smart layer split for separating subjects and backgrounds, and a One More function that generates new creative directions from an existing design. Users can circle, brush, or mark up an image directly to guide how the AI adjusts a design, rather than relying only on written prompts.
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Applications for E-Commerce and Marketing Teams
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AI design tools are becoming useful because many teams need more visual content than traditional workflows can comfortably support. The Software Experts review notes that marketers, creators, and small businesses often need product images, social graphics, banners, email headers, event posters, and campaign visuals on tight timelines.
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Readers can find the full review at Software Experts.
About CapCut
CapCut is an AI-powered photo and video editing platform designed to make high-quality video creation accessible across devices. The platform supports creators, businesses, and everyday users with tools for video editing, AI video generation, captions, templates, audio, and visual editing. CapCut is available across mobile, web, desktop, and iPad experiences, helping users create, edit, and prepare video content for social media, marketing, education, and personal projects.
About Software Experts: Software Experts delivers in-depth news on the digital tools shaping today’s consumer experience. As an affiliate, Software Experts may earn commissions from sales generated using links provided.
View original content:https://www.prnewswire.com/news-releases/best-ai-design-tools-2026-capcut-named-a-top-choice-for-creating-images-and-marketing-assets-by-software-experts-302828625.html
SOURCE SoftwareExperts.org
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Samsung Selects Chandigarh University Student as ‘Punjab AI State Topper’
Published
1 hour agoon
July 18, 2026By
CU Student Devesh Panwar Wins Rs 1 Lakh Award for Developing AI-Based Document Search System
CHANDIGARH, India, July 18, 2026 /PRNewswire/ — A Bachelor of Computer Applications (BCA) student of Chandigarh University, Devesh Panwar, has been named the “Punjab State Topper” in the Artificial Intelligence (AI) under the Samsung Innovation Campus (SIC) AI Program organised by Samsung in collaboration with Telecom Sector Skill Council (TSSC) and training partner Focal Skill Development (Focalyt) to equip Indian youth with industry-relevant in-demand skills in AI, loT, Big Data, and Coding & Programming, preparing them for future careers.
A final-year student of Bachelor of Computer Applications (BCA) at University Institute of Computing (UIC) of Chandigarh University, Devesh Panwar also won a cash award of Rs 1 lakh along with a laptop, and exclusive Samsung rewards for achieving this remarkable milestone under the Samsung Innovation Campus AI Program.
“Being named ‘AI State Topper’ was a moment of profound pride and validation for me. Hard work, intense technical training and a passion for AI culminated in the immense honor of the Punjab State Topper title. Besides getting access to state-of-the-art tools to fuel my future research and development endeavor, I gained world-class knowledge during the Samsung Innovation Campus (SIC) AI Program. It helped me in gaining hands-on experience and applied AI to solve real-world challenges, especially in aeronautical and technical domains,”
During Samsung Innovation Campus (SIC) AI Program, Devesh and his team worked on innovative AI capstone project which was presented before the jury panel as part of the final assessment.
“Our team developed the advanced AI-powered system AI Research Agent, a Retrieval-Augmented Generation (RAG) platform designed for intelligent querying of private document collections. Organizations, researchers, legal professionals, and HR teams often work with large collections of documents. Traditional search methods rely heavily on keyword matching and require significant manual effort to locate relevant information. The project was developed to address the limitations of traditional document search systems, which often struggle with contextual understanding, retrieval accuracy, learning adaptability, and response speed,” said Devesh.
“The developed system demonstrated significant improvements over traditional document retrieval approaches with faster response generation with integration of modern AI techniques, full-stack development, database systems, and intelligent automation into a single practical solution. By combining modern RAG architecture with innovative retrieval and reasoning mechanisms, this system provides a fast, intelligent, and user-friendly solution for knowledge discovery and resume evaluation. This project not only enhanced our technical expertise in Artificial Intelligence and Full-Stack Development but also strengthened our problem-solving, teamwork, and professional communication skills. It stands as a significant achievement of our Samsung Innovation Campus 2025 journey and reflects our commitment to building impactful AI solutions for real-world challenges,” he added.
Congratulating Devesh Panwar for being named “Punjab State Topper” AI under the Samsung Innovation Campus Samsung Innovation Program, Deepinder Singh Sandhu, Senior Managing Director, Chandigarh University, said, “Devesh’s achievement reflects Chandigarh University’s focus on experiential learning and industry-academia collaboration. Through the Samsung Innovation Campus AI Program, CU students gain practical exposure to AI and building solutions for real-world challenges. This accomplishment reflects not only Devesh’s commitment to excellence but also the growing culture of innovation and industry-oriented learning at Chandigarh University,”.
“Since its inception, Chandigarh University has set benchmarks for world-class education with its dynamic hands-on experiential learning model, industry-aligned programs, dynamic fraternity, state-of-the-art infrastructure facilities and impeccable placements. Samsung Innovation Program is also part of our initiatives to develop a future-ready talent pool equipped with advanced capabilities in AI, loT, Big Data, and Coding and Programming. By bridging the gap between theoretical learning and real-world application, this collaboration helps in providing CU’s computer science and computing students exposure to cutting-edge and emerging technologies. CU’s this partnership with Samsung is focused on building future-ready talent equipped with industry-relevant skills in AI and emerging technologies,” Sandhu said.
He said Chandigarh University’s Institute of Computing (UIC) prepares students for a successful career in computing, to create and disseminate computing knowledge and technology. “Chandigarh University carries a vision of crafting next-gen IT professionals who can take up industry challenges effectively and our Institute of Computing (UIC) prepares students for a successful career in computing, to create and disseminate computing knowledge and technology. UIC’s hands-on approach paves the way for a smooth transition to the workforce after graduation. Our students are equipped with the best knowledge, skills and passion to succeed in any number of computing careers. CU’s Institute of Computing renders cutting-edge education ranging from the expertise in traditional software development -to- modern computing technologies. Fully-equipped industry-sponsored labs, industry-aligned curriculum, and accreditations and validations by top companies such as Intel, Microsoft, Google Android, Red Hat etc. give our students an exclusive edge over others,” the Chandigarh University CMD said.
Sandhu said the latest edition of QS World University Rankings has yet again reaffirmed Chandigarh University global standing as a top educational institution. “Continuing its remarkable rise among the world’s leading higher education institutions, Chandigarh University (CU) has made impressive strides in the latest edition of prestigious QS World University Rankings 2027 by securing an overall world rank of 526, an increase of 49 ranks as compared to 575th rank in QS’ 2026 Rankings. This is for the fifth consecutive year that Chandigarh University’s global rankings have witnessed an impressive surge with CU’s world rank going up by an impressive 274 ranks — from the 800th rank in 2023 to 526th in 2027’s Rankings,”.
“As per the latest QS World University Rankings, with All India Rank of 13 among all universities in the country as compared to 16th rank in 2026’s rankings, Chandigarh University now ranks among the top 1% of universities in India and the top 2% of universities in the World, underscoring its growing reputation as a leading institution of higher learning, both in India and globally,” he added.
About Chandigarh University
Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.
Website address: https://www.cuchd.in/
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