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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

Best Price Guarantee Length Publisher Published Date SKU
from $1,500 149 Pages Knowledge Based Value (KBV) Research September, 2024 KBV19215415
Best Price Guarantee
Price from $1,500
Length 149 Pages
Publisher Knowledge Based Value (KBV) Research
Published Date September, 2024
SKU KBV19215415

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


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:

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