North America Retrieval Augmented Generation Market Size, Share & Trends Analysis Report By Deployment (Cloud and On-premises), By Function, By End-use, By Application, By Country and Growth Forecast, 2024 - 2031

PUBLISHED: September 30, 2024

PAGES: 149 Pages

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The North America Retrieval Augmented Generation Market would witness market growth of 42.6% CAGR during the forecast period (2024-2031).

The US market dominated the North America Retrieval Augmented Generation Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,415 million by 2031. The Canada market is experiencing a CAGR of 44.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 44% during (2024 - 2031).

RAG enhances chatbots by allowing them to access historical customer interactions and retrieve relevant context, leading to more personalized and effective responses. RAG systems can accommodate high volumes of customer inquiries without sacrificing quality, simplifying the process of scaling business customer support operations. RAG can generate text and multimedia content, such as infographics or videos, by pulling relevant data and insights, enriching the overall content experience. By retrieving and analyzing trending topics and keywords, RAG can create optimized content that ranks better in search engines, driving organic traffic.

In addition, RAG can synthesize patient data with external medical literature to generate personalized treatment recommendations, enhancing clinical decision-making. It can create tailored educational materials for patients based on their medical history, improving understanding and adherence to treatment plans. RAG can generate personalized quizzes and learning resources based on student performance and preferences, facilitating a more customized educational experience. RAG-enabled tools can answer students' questions in real-time, using data from textbooks and online resources to provide accurate explanations.

The growth of e-commerce in Mexico drives demand for RAG solutions that can enhance product descriptions, generate personalized recommendations, and improve customer interactions, catering to a larger online shopping audience. The Mexican e-commerce sector was valued at USD 26.2 billion in 2022, a 23% increase from 2021, as per the International Trade Administration (ITA). In 2022, Mexican e-commerce consumers reached 63 million, a 5.5 million increase from the previous year. The increasing investment in Canada's healthcare sector is spurring demand for RAG technologies that can produce personalized treatment plans and suggestions based on patient data, thereby enhancing health outcomes in the country. The government announced an investment of $196.1 billion over ten years, including $46.2 billion in new funding, for provinces and territories to improve Canadian healthcare services. Thus, rising investment in the healthcare sector and expansion of e-commerce in the region are driving the market's growth.

Based on Deployment, the market is segmented into Cloud and On-premises. Based on Function, the market is segmented into Document Retrieval, Response Generation, Recommendation Engines, and Summarization & Reporting. Based on End-use, the market is segmented into Healthcare, Retail & E-commerce, Financial Services, Media & Entertainment, IT & Telecommunications, Education, and Other End-use. Based on Application, the market is segmented into Content Generation, Knowledge Management, Customer Support & Chatbots, Marketing & Sales, Legal & Compliance, and Research & Developments. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

Amazon Web Services, Inc. (Amazon.com, Inc.)
IBM Corporation
NVIDIA Corporation
Clarifai, Inc.
Google LLC
Informatica Inc.
Meta Platforms, Inc.
Microsoft Corporation
OpenAI, LLC
Databricks, Inc.

North America Retrieval Augmented Generation Market Report Segmentation

By Deployment

Cloud
On-premises

By Function

Document Retrieval
Response Generation
Recommendation Engines
Summarization & Reporting

By End-use

Healthcare
Retail & E-commerce
Financial Services
Media & Entertainment
IT & Telecommunications
Education
Other End-use

By Application

Content Generation
Knowledge Management
Customer Support & Chatbots
Marketing & Sales
Legal & Compliance
Research & Development

By Country

US
Canada
Mexico
Rest of North America

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Retrieval Augmented Generation Market, by Deployment
- 1.4.2 North America Retrieval Augmented Generation Market, by Function
- 1.4.3 North America Retrieval Augmented Generation Market, by End-use
- 1.4.4 North America Retrieval Augmented Generation Market, by Application
- 1.4.5 North America Retrieval Augmented Generation Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global

4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Jul - 2024, Jun) Leading Players
4.5 Porter Five Forces Analysis

Chapter 5. North America Retrieval Augmented Generation Market by Deployment

5.1 North America Cloud Market by Region
5.2 North America On-premises Market by Region

Chapter 6. North America Retrieval Augmented Generation Market by Function

6.1 North America Document Retrieval Market by Country
6.2 North America Response Generation Market by Country
6.3 North America Recommendation Engines Market by Country
6.4 North America Summarization & Reporting Market by Country

Chapter 7. North America Retrieval Augmented Generation Market by End-use

7.1 North America Healthcare Market by Country
7.2 North America Retail & E-commerce Market by Country
7.3 North America Financial Services Market by Country
7.4 North America Media & Entertainment Market by Country
7.5 North America IT & Telecommunications Market by Country
7.6 North America Education Market by Country
7.7 North America Other End-use Market by Country

Chapter 8. North America Retrieval Augmented Generation Market by Application

8.1 North America Content Generation Market by Country
8.2 North America Knowledge Management Market by Country
8.3 North America Customer Support & Chatbots Market by Country
8.4 North America Marketing & Sales Market by Country
8.5 North America Legal & Compliance Market by Country
8.6 North America Research & Development Market by Country

Chapter 9. North America Retrieval Augmented Generation Market by Country

9.1 US Retrieval Augmented Generation Market
- 9.1.1 US Retrieval Augmented Generation Market by Deployment
- 9.1.2 US Retrieval Augmented Generation Market by Function
- 9.1.3 US Retrieval Augmented Generation Market by End-use
- 9.1.4 US Retrieval Augmented Generation Market by Application
9.2 Canada Retrieval Augmented Generation Market
- 9.2.1 Canada Retrieval Augmented Generation Market by Deployment
- 9.2.2 Canada Retrieval Augmented Generation Market by Function
- 9.2.3 Canada Retrieval Augmented Generation Market by End-use
- 9.2.4 Canada Retrieval Augmented Generation Market by Application
9.3 Mexico Retrieval Augmented Generation Market
- 9.3.1 Mexico Retrieval Augmented Generation Market by Deployment
- 9.3.2 Mexico Retrieval Augmented Generation Market by Function
- 9.3.3 Mexico Retrieval Augmented Generation Market by End-use
- 9.3.4 Mexico Retrieval Augmented Generation Market by Application
9.4 Rest of North America Retrieval Augmented Generation Market
- 9.4.1 Rest of North America Retrieval Augmented Generation Market by Deployment
- 9.4.2 Rest of North America Retrieval Augmented Generation Market by Function
- 9.4.3 Rest of North America Retrieval Augmented Generation Market by End-use
- 9.4.4 Rest of North America Retrieval Augmented Generation Market by Application

Chapter 10. Company Profiles

10.1 Amazon Web Services, Inc. (Amazon.com, Inc.)
- 10.1.1 Company Overview
- 10.1.2 Financial Analysis
- 10.1.3 Segmental Analysis
- 10.1.4 Recent strategies and developments:
  - 10.1.4.1 Partnerships, Collaborations, and Agreements:
  - 10.1.4.2 Product Launches and Product Expansions:
- 10.1.5 SWOT Analysis
10.2 IBM Corporation
- 10.2.1 Company Overview
- 10.2.2 Financial Analysis
- 10.2.3 Regional & Segmental Analysis
- 10.2.4 Research & Development Expenses
- 10.2.5 Recent strategies and developments:
  - 10.2.5.1 Partnerships, Collaborations, and Agreements:
  - 10.2.5.2 Product Launches and Product Expansions:
- 10.2.6 SWOT Analysis
10.3 NVIDIA Corporation
- 10.3.1 Company Overview
- 10.3.2 Financial Analysis
- 10.3.3 Segmental and Regional Analysis
- 10.3.4 Research & Development Expenses
- 10.3.5 Recent strategies and developments:
  - 10.3.5.1 Partnerships, Collaborations, and Agreements:
- 10.3.6 SWOT Analysis
10.4 Clarifai, Inc.
- 10.4.1 Company Overview
- 10.4.2 Recent strategies and developments:
  - 10.4.2.1 Partnerships, Collaborations, and Agreements:
  - 10.4.2.2 Product Launches and Product Expansions:
- 10.4.3 SWOT Analysis
10.5 Google LLC (Alphabet Inc.)
- 10.5.1 Company Overview
- 10.5.2 Financial Analysis
- 10.5.3 Segmental and Regional Analysis
- 10.5.4 Research & Development Expense
- 10.5.5 Recent strategies and developments:
  - 10.5.5.1 Partnerships, Collaborations, and Agreements:
- 10.5.6 SWOT Analysis
10.6 Informatica Inc.
- 10.6.1 Company Overview
- 10.6.2 Financial Analysis
- 10.6.3 Regional Analysis
- 10.6.4 Research & Development Expenses
- 10.6.5 Recent strategies and developments:
  - 10.6.5.1 Partnerships, Collaborations, and Agreements:
- 10.6.6 SWOT Analysis
10.7 Meta Platforms, Inc.
- 10.7.1 Company Overview
- 10.7.2 Financial Analysis
- 10.7.3 Segment and Regional Analysis
- 10.7.4 Research & Development Expense
- 10.7.5 Recent strategies and developments:
  - 10.7.5.1 Partnerships, Collaborations, and Agreements:
- 10.7.6 SWOT Analysis
10.8 Microsoft Corporation
- 10.8.1 Company Overview
- 10.8.2 Financial Analysis
- 10.8.3 Segmental and Regional Analysis
- 10.8.4 Research & Development Expenses
- 10.8.5 Recent strategies and developments:
  - 10.8.5.1 Partnerships, Collaborations, and Agreements:
- 10.8.6 SWOT Analysis
10.9 OpenAI, L.L.C.
- 10.9.1 Company Overview
- 10.9.2 Recent strategies and developments:
  - 10.9.2.1 Partnerships, Collaborations, and Agreements:
- 10.9.3 SWOT Analysis
10.10. Databricks, Inc.
- 10.10.1 Company Overview
- 10.10.2 Recent strategies and developments:
  - 10.10.2.1 Partnerships, Collaborations, and Agreements:

LIST OF TABLES

TABLE 1 North America Retrieval Augmented Generation Market, 2020 - 2023, USD Million
TABLE 2 North America Retrieval Augmented Generation Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements- Retrieval Augmented Generation Market
TABLE 4 Product Launches And Product Expansions- Retrieval Augmented Generation Market
TABLE 5 North America Retrieval Augmented Generation Market by Deployment, 2020 - 2023, USD Million
TABLE 6 North America Retrieval Augmented Generation Market by Deployment, 2024 - 2031, USD Million
TABLE 7 North America Cloud Market by Region, 2020 - 2023, USD Million
TABLE 8 North America Cloud Market by Region, 2024 - 2031, USD Million
TABLE 9 North America On-premises Market by Region, 2020 - 2023, USD Million
TABLE 10 North America On-premises Market by Region, 2024 - 2031, USD Million
TABLE 11 North America Retrieval Augmented Generation Market by Function, 2020 - 2023, USD Million
TABLE 12 North America Retrieval Augmented Generation Market by Function, 2024 - 2031, USD Million
TABLE 13 North America Document Retrieval Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Document Retrieval Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Response Generation Market by Country, 2020 - 2023, USD Million
TABLE 16 North America Response Generation Market by Country, 2024 - 2031, USD Million
TABLE 17 North America Recommendation Engines Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Recommendation Engines Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Summarization & Reporting Market by Country, 2020 - 2023, USD Million
TABLE 20 North America Summarization & Reporting Market by Country, 2024 - 2031, USD Million
TABLE 21 North America Retrieval Augmented Generation Market by End-use, 2020 - 2023, USD Million
TABLE 22 North America Retrieval Augmented Generation Market by End-use, 2024 - 2031, USD Million
TABLE 23 North America Healthcare Market by Country, 2020 - 2023, USD Million
TABLE 24 North America Healthcare Market by Country, 2024 - 2031, USD Million
TABLE 25 North America Retail & E-commerce Market by Country, 2020 - 2023, USD Million
TABLE 26 North America Retail & E-commerce Market by Country, 2024 - 2031, USD Million
TABLE 27 North America Financial Services Market by Country, 2020 - 2023, USD Million
TABLE 28 North America Financial Services Market by Country, 2024 - 2031, USD Million
TABLE 29 North America Media & Entertainment Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Media & Entertainment Market by Country, 2024 - 2031, USD Million
TABLE 31 North America IT & Telecommunications Market by Country, 2020 - 2023, USD Million
TABLE 32 North America IT & Telecommunications Market by Country, 2024 - 2031, USD Million
TABLE 33 North America Education Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Education Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Other End-use Market by Country, 2020 - 2023, USD Million
TABLE 36 North America Other End-use Market by Country, 2024 - 2031, USD Million
TABLE 37 North America Retrieval Augmented Generation Market by Application, 2020 - 2023, USD Million
TABLE 38 North America Retrieval Augmented Generation Market by Application, 2024 - 2031, USD Million
TABLE 39 North America Content Generation Market by Country, 2020 - 2023, USD Million
TABLE 40 North America Content Generation Market by Country, 2024 - 2031, USD Million
TABLE 41 North America Knowledge Management Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Knowledge Management Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Customer Support & Chatbots Market by Country, 2020 - 2023, USD Million
TABLE 44 North America Customer Support & Chatbots Market by Country, 2024 - 2031, USD Million
TABLE 45 North America Marketing & Sales Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Marketing & Sales Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Legal & Compliance Market by Country, 2020 - 2023, USD Million
TABLE 48 North America Legal & Compliance Market by Country, 2024 - 2031, USD Million
TABLE 49 North America Research & Development Market by Country, 2020 - 2023, USD Million
TABLE 50 North America Research & Development Market by Country, 2024 - 2031, USD Million
TABLE 51 North America Retrieval Augmented Generation Market by Country, 2020 - 2023, USD Million
TABLE 52 North America Retrieval Augmented Generation Market by Country, 2024 - 2031, USD Million
TABLE 53 US Retrieval Augmented Generation Market, 2020 - 2023, USD Million
TABLE 54 US Retrieval Augmented Generation Market, 2024 - 2031, USD Million
TABLE 55 US Retrieval Augmented Generation Market by Deployment, 2020 - 2023, USD Million
TABLE 56 US Retrieval Augmented Generation Market by Deployment, 2024 - 2031, USD Million
TABLE 57 US Retrieval Augmented Generation Market by Function, 2020 - 2023, USD Million
TABLE 58 US Retrieval Augmented Generation Market by Function, 2024 - 2031, USD Million
TABLE 59 US Retrieval Augmented Generation Market by End-use, 2020 - 2023, USD Million
TABLE 60 US Retrieval Augmented Generation Market by End-use, 2024 - 2031, USD Million
TABLE 61 US Retrieval Augmented Generation Market by Application, 2020 - 2023, USD Million
TABLE 62 US Retrieval Augmented Generation Market by Application, 2024 - 2031, USD Million
TABLE 63 Canada Retrieval Augmented Generation Market, 2020 - 2023, USD Million
TABLE 64 Canada Retrieval Augmented Generation Market, 2024 - 2031, USD Million
TABLE 65 Canada Retrieval Augmented Generation Market by Deployment, 2020 - 2023, USD Million
TABLE 66 Canada Retrieval Augmented Generation Market by Deployment, 2024 - 2031, USD Million
TABLE 67 Canada Retrieval Augmented Generation Market by Function, 2020 - 2023, USD Million
TABLE 68 Canada Retrieval Augmented Generation Market by Function, 2024 - 2031, USD Million
TABLE 69 Canada Retrieval Augmented Generation Market by End-use, 2020 - 2023, USD Million
TABLE 70 Canada Retrieval Augmented Generation Market by End-use, 2024 - 2031, USD Million
TABLE 71 Canada Retrieval Augmented Generation Market by Application, 2020 - 2023, USD Million
TABLE 72 Canada Retrieval Augmented Generation Market by Application, 2024 - 2031, USD Million
TABLE 73 Mexico Retrieval Augmented Generation Market, 2020 - 2023, USD Million
TABLE 74 Mexico Retrieval Augmented Generation Market, 2024 - 2031, USD Million
TABLE 75 Mexico Retrieval Augmented Generation Market by Deployment, 2020 - 2023, USD Million
TABLE 76 Mexico Retrieval Augmented Generation Market by Deployment, 2024 - 2031, USD Million
TABLE 77 Mexico Retrieval Augmented Generation Market by Function, 2020 - 2023, USD Million
TABLE 78 Mexico Retrieval Augmented Generation Market by Function, 2024 - 2031, USD Million
TABLE 79 Mexico Retrieval Augmented Generation Market by End-use, 2020 - 2023, USD Million
TABLE 80 Mexico Retrieval Augmented Generation Market by End-use, 2024 - 2031, USD Million
TABLE 81 Mexico Retrieval Augmented Generation Market by Application, 2020 - 2023, USD Million
TABLE 82 Mexico Retrieval Augmented Generation Market by Application, 2024 - 2031, USD Million
TABLE 83 Rest of North America Retrieval Augmented Generation Market, 2020 - 2023, USD Million
TABLE 84 Rest of North America Retrieval Augmented Generation Market, 2024 - 2031, USD Million
TABLE 85 Rest of North America Retrieval Augmented Generation Market by Deployment, 2020 - 2023, USD Million
TABLE 86 Rest of North America Retrieval Augmented Generation Market by Deployment, 2024 - 2031, USD Million
TABLE 87 Rest of North America Retrieval Augmented Generation Market by Function, 2020 - 2023, USD Million
TABLE 88 Rest of North America Retrieval Augmented Generation Market by Function, 2024 - 2031, USD Million
TABLE 89 Rest of North America Retrieval Augmented Generation Market by End-use, 2020 - 2023, USD Million
TABLE 90 Rest of North America Retrieval Augmented Generation Market by End-use, 2024 - 2031, USD Million
TABLE 91 Rest of North America Retrieval Augmented Generation Market by Application, 2020 - 2023, USD Million
TABLE 92 Rest of North America Retrieval Augmented Generation Market by Application, 2024 - 2031, USD Million
TABLE 93 Key Information - Amazon Web Services, Inc.
TABLE 94 Key Information - IBM Corporation
TABLE 95 Key Information - NVIDIA Corporation
TABLE 96 Key Information - Clarifai, Inc.
TABLE 97 Key Information - Google LLC
TABLE 98 Key Information - Informetica Inc.
TABLE 99 Key Information - Meta Platforms, Inc.
TABLE 100 Key Information - Microsoft Corporation
TABLE 101 Key Information - OpenAI, L.L.C.
TABLE 102 Key Information - Databricks, Inc.