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Retrieval-augmented Generation (RAG) Market worth $9.86 billion by 2030 | MarketsandMarkets™

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MarketsandMarkets

10 Oct, 2025, 14:15 GMT

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DELRAY BEACH, Fla., Oct. 10, 2025 /PRNewswire/ -- According to MarketsandMarkets™, the Retrieval-augmented Generation (RAG) Market is estimated to be USD 1.94 billion in 2025 and is projected to reach USD 9.86 billion by 2030, registering a CAGR of 38.4% during 2025–2030.

Browse 230 market data Tables and 50 Figures spread through 350 Pages and in-depth TOC on "Retrieval-augmented Generation (RAG) Market - Global Forecast to 2030"

Scope of the Report

  • Market Size Available for Years: 2024–2030
  • 2025 Market Size: USD 1.94 billion
  • 2030 Projected Market Size: USD 9.86 billion
  • CAGR (2025–2030): 38.4%
  • Segments covered: Offering, Type, Application, End User, Deployment Type, and Region
  • Region Highlight: Asia Pacific to register fastest growth rate during forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=135976317

Enterprises are increasingly adopting hybrid AI models that combine generative AI with retrieval, reasoning, and memory modules for specific use cases. RAG fits perfectly into this architecture by bridging the gap between static LLMs and dynamic, real-time knowledge sources. This approach supports critical enterprise use cases such as customer support automation, regulatory compliance monitoring, research assistance, and knowledge management. As organizations seek scalable, secure, and explainable AI deployments, the adoption of hybrid architectures with RAG at the core becomes a key market driver.

The rapid development of vector databases, embedding models, and semantic search technologies is another critical driver of the RAG market. Vendors like Pinecone, Weaviate, Zilliz, and Qdrant have made vector search scalable and enterprise-ready, enabling fast retrieval of large, complex datasets for integration with LLMs. These complementary technologies reduce latency, improve relevance, and make RAG architectures deployable at scale. As retrieval infrastructure matures, more organizations can implement robust RAG pipelines, broadening the market's reach beyond early adopters to mainstream enterprises.

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By end user, healthcare and life sciences segment to witness fastest growth rate during forecast period.

The healthcare and life sciences segment is expected to witness the highest CAGR due to the increasing demand for AI-driven clinical decision support, personalized treatment recommendations, drug discovery, and research data synthesis. Privacy-preserving and distributed RAG solutions are particularly important in this sector to ensure compliance with regulations such as HIPAA and GDPR while enabling secure, real-time data access. Rising investments in AI, coupled with the critical need for improved patient outcomes and operational efficiency, make healthcare the fastest-growing end-user segment over the forecast period.

By application, enterprise search segment to lead market during forecast period.

Organizations need to efficiently manage, access, and synthesize vast volumes of structured and unstructured data. RAG solutions enhance traditional enterprise search capabilities by combining retrieval mechanisms with generative AI, enabling users to obtain precise answers, summaries, and insights in real-time. Large enterprises, particularly in BFSI, healthcare, and IT services, are investing heavily in RAG-enabled search platforms to improve operational efficiency, customer service, and decision-making processes. The ability to index large datasets, integrate multiple data sources, and provide context-aware responses contributes to the widespread adoption of RAG for enterprise search.

Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=135976317

Asia Pacific to register fastest growth rate during forecast period.

The RAG market in Asia Pacific is witnessing exponential momentum, driven by its diverse linguistic landscape and rising enterprise demand for multilingual AI capabilities. Countries such as India, Japan, and South Korea are piloting RAG-based solutions in banking, telecom, and e-commerce, where contextual search and conversational AI can directly boost customer engagement and loyalty. China's significant investments in AI infrastructure and sovereign AI models are accelerating the adoption of localized RAG solutions for industries like education and manufacturing. With governments actively promoting digital economy initiatives, the region is emerging as a hotbed for AI-native startups that integrate RAG into verticalized applications, paving the way for the next wave of global innovation.

Top Key Companies in Retrieval-augmented Generation (RAG) Market:

The report profiles key players, such as Microsoft (US), Amazon Web Services, Inc. (US), Anthropic (US), Google (US), IBM (US), Cohere (Canada), NVIDIA (US), Pinecone (US), Elastic N.V. (US), Progress Software Corporation (US), Vectra AI, Inc. (US), Ragie.ai (US), Clarifai (US), ChatBees (US), Zilliz (US), Weaviate (Netherlands), Qdrant (Berlin), and MongoDB (US).

Browse Adjacent Markets: Artificial Intelligence (AI) Market Research  Reports & Consulting

Related Reports:

AI Detector Market - Global Forecast to 2030

Generative AI Cybersecurity Market - Global Forecast to 2031

AI Assistant Market - Global Forecast to 2030

AI Platform Market - Global Forecast to 2030

Generative AI Market - Global Forecast to 2032

Get access to the latest updates on Retrieval-augmented Generation Companies and RAG Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

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