Global Retrieval Augmented Generation Market Size & Outlook
Global retrieval augmented generation market, 2020-2030 (US$M)
Related Markets
Global retrieval augmented generation market highlights
- The global retrieval augmented generation market generated a revenue of USD 1,202.0 million in 2024 and is expected to reach USD 11,030.0 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 49.1% by 2030.
- In terms of segment, document retrieval accounted for a revenue of USD 473.8 million in 2024.
- Recommendation Engines is the most lucrative function segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 1,202.0 million |
| Market revenue in 2030 | USD 11,030.0 million |
| Growth rate | 49.1% (CAGR from 2025 to 2030) |
| Largest segment | Document retrieval |
| Fastest growing segment | Recommendation Engines |
| Historical data covered | 2020 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Document Retrieval, Response Generation, Summarization & Reporting, Recommendation Engines |
Other key industry trends
- In terms of revenue, the North America accounted for 36.4% of the global retrieval augmented generation market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 333.4 million by 2030.
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Retrieval Augmented Generation Market Scope
Retrieval Augmented Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global retrieval augmented generation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to retrieval augmented generation market will help companies and investors design strategic landscapes.
Document retrieval was the largest segment with a revenue share of 39.42% in 2024. Horizon Databook has segmented the Global retrieval augmented generation market based on document retrieval, response generation, summarization & reporting, recommendation engines covering the revenue growth of each sub-segment from 2020 to 2030.
- Global Retrieval Augmented Generation Function Outlook (Revenue, USD Million, 2020-2030)
- Document Retrieval
- Response Generation
- Summarization & Reporting
- Recommendation Engines
- Global Retrieval Augmented Generation Application Outlook (Revenue, USD Million, 2020-2030)
- Knowledge Management
- Customer Support & Chatbots
- Legal & Compliance
- Marketing & Sales
- Research & Development
- Content Generation
- Global Retrieval Augmented Generation Deployment Outlook (Revenue, USD Million, 2020-2030)
- Cloud
- On-premises
- Global Retrieval Augmented Generation End Use Outlook (Revenue, USD Million, 2020-2030)
- Healthcare
- Financial Services
- Retail & E-commerce
- IT & Telecommunications
- Education
- Media & Entertainment
- Others
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Our clientele includes a mix of retrieval augmented generation market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global retrieval augmented generation market , including forecasts for subscribers. This global databook contains high-level insights into Global retrieval augmented generation market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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Global retrieval augmented generation market size, by regions, 2020-2030 (US$M)
Top 10 countries: Retrieval augmented generation market size, 2024 (US$M)
Global retrieval augmented generation market share, by function, 2024 & 2030 (%, US$M)
Retrieval augmented generation market: Opportunity assessment by country
Global retrieval augmented generation market, by region, 2024 (US$M)
Related regional statistics
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