Europe Retrieval Augmented Generation Market Size & Outlook
Europe retrieval augmented generation market, 2020-2030 (US$M)
Europe retrieval augmented generation market highlights
- The Europe retrieval augmented generation market generated a revenue of USD 310.9 million in 2024.
- The market is expected to grow at a CAGR of 45.8% from 2025 to 2030.
- In terms of segment, document retrieval was the largest revenue generating function in 2024.
- Document Retrieval is the most lucrative function segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2024 | USD 310.9 million |
| Market revenue in 2030 | USD 2,989.1 million |
| Growth rate | 45.8% (CAGR from 2024 to 2030) |
| Largest segment | Document retrieval |
| Fastest growing segment | Document Retrieval |
| 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 |
| Key market players worldwide | Anthropic, Amazon.com Inc, Clarifai, Cohere, Alphabet Inc Class C, Hugging Face, IBM Watson, Informatica Inc, Meta Platforms Inc Class A, Microsoft Corp, Neeva, OpenAI, Semantic Scholar |
Other key industry trends
- In terms of revenue, Europe region accounted for 25.9% of the global retrieval augmented generation market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,856.8 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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Europe 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 100% in 2024. Horizon Databook has segmented the Europe retrieval augmented generation market based on document retrieval covering the revenue growth of each sub-segment from 2020 to 2030.
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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 continent-level data and insights on the Europe retrieval augmented generation market , including forecasts for subscribers. This continent databook contains high-level insights into Europe retrieval augmented generation market from 2020 to 2030, including revenue numbers, major trends, and company profiles.
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