The Large Language Model (LLM) market is highly competitive, with several key players vying for dominance. LLMs are becoming essential components of the digital world, enabling sophisticated search tools and better customer service across various industries. The global LLM market was valued at US$6.66 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 29.71%, reaching an estimated US$41.17 billion by 2030.