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Value of the large language model (LLM) market in Japan in fiscal year 2024 with a forecast for 2028 (in billion Japanese yen)

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Source

Release date

December 2024

Region

Japan

Survey time period

fiscal year 2024; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

the market size is based on usage fees of cloud application programming interface (API) services that are capable of communicating with LLMs

Supplementary notes

*Projection.
**Forecast.

100 Japanese yen equal 0.64 U.S. dollars or 0.62 euros as of January 2025.

Citation formats

LLM market size in Japan FY 2024-2028

Published by
Petroc Taylor,
Jan 9, 2025

The value of the large language model (LLM) market in Japan was projected to reach ** billion Japanese yen in fiscal year 2024. Partly based on the assumption that the market would diversify with the release of specialized and cheaper LLMs from fiscal year 2025 onward, the market size was forecast to more than quadruple by fiscal year 2028.

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