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Asia-Pacific Retrieval Augmented Generation Market Size, Share & Trends Analysis Report By Deployment, By Function, By End-use, By Application, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 158 Pages
  • September 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6010213
The Asia Pacific Retrieval Augmented Generation Market is expected to witness market growth of 44.1% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Retrieval Augmented Generation Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD1.31 billion by 2031. The Japan market is registering a CAGR of 43.4% during 2024-2031. Additionally, the India market would showcase a CAGR of 45.1% during 2024-2031.



The adoption of Retrieval Augmented Generation technology is gaining momentum across various sectors. As consumers expect tailored experiences, organizations adopt RAG to meet these demands, providing contextually relevant information that enhances user engagement. RAG allows businesses to adapt content based on real-time data and user interactions, ensuring the information remains relevant and personalized.

Companies adopting RAG can automate tasks that traditionally require human intervention, significantly saving labor costs and resource allocation. RAG streamlines workflows by automating information retrieval and content generation, allowing teams to focus on higher-value activities. RAG can be integrated into existing software platforms (e.g., CRM systems, content management systems) without requiring major infrastructure changes, facilitating easier adoption.

The expansion of the telecom sector in China is improving internet connectivity, enabling broader access to RAG technologies, which can facilitate real-time information retrieval and content generation across diverse industries in China. According to the State Council of the People’s Republic of China, the telecommunications industry in China logged steady expansion in 2022. Emerging businesses and new infrastructure rapidly grew the income of firms in the sector, topping 1.58 trillion yuan, up 8% year on year. The Fintech business in India is expanding at one of the quickest rates in the world, as per the National Investment Promotion and Facilitation Agency.

The market for fintech in India is expected to reach USD150 billion by 2025, from USD50 billion in 2021. RAG can analyze customer data to create segmented marketing strategies, helping financial institutions target specific demographics with tailored messaging. In conclusion, the rising telecom sector and expansion of the BFSI industry in the region are driving the market's growth.

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.

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

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Retrieval Augmented Generation Market, by Deployment
1.4.2 Asia Pacific Retrieval Augmented Generation Market, by Function
1.4.3 Asia Pacific Retrieval Augmented Generation Market, by End-use
1.4.4 Asia Pacific Retrieval Augmented Generation Market, by Application
1.4.5 Asia Pacific 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 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. Asia Pacific Retrieval Augmented Generation Market by Deployment
5.1 Asia Pacific Cloud Market by Country
5.2 Asia Pacific On-premises Market by Country
Chapter 6. Asia Pacific Retrieval Augmented Generation Market by Function
6.1 Asia Pacific Document Retrieval Market by Country
6.2 Asia Pacific Response Generation Market by Country
6.3 Asia Pacific Recommendation Engines Market by Country
6.4 Asia Pacific Summarization & Reporting Market by Country
Chapter 7. Asia Pacific Retrieval Augmented Generation Market by End-use
7.1 Asia Pacific Healthcare Market by Country
7.2 Asia Pacific Retail & E-commerce Market by Country
7.3 Asia Pacific Financial Services Market by Country
7.4 Asia Pacific Media & Entertainment Market by Country
7.5 Asia Pacific IT & Telecommunications Market by Country
7.6 Asia Pacific Education Market by Country
7.7 Asia Pacific Other End-use Market by Country
Chapter 8. Asia Pacific Retrieval Augmented Generation Market by Application
8.1 Asia Pacific Content Generation Market by Country
8.2 Asia Pacific Knowledge Management Market by Country
8.3 Asia Pacific Customer Support & Chatbots Market by Country
8.4 Asia Pacific Marketing & Sales Market by Country
8.5 Asia Pacific Legal & Compliance Market by Country
8.6 Asia Pacific Research & Development Market by Country
Chapter 9. Asia Pacific Retrieval Augmented Generation Market by Country
9.1 China Retrieval Augmented Generation Market
9.1.1 China Retrieval Augmented Generation Market by Deployment
9.1.2 China Retrieval Augmented Generation Market by Function
9.1.3 China Retrieval Augmented Generation Market by End-use
9.1.4 China Retrieval Augmented Generation Market by Application
9.2 Japan Retrieval Augmented Generation Market
9.2.1 Japan Retrieval Augmented Generation Market by Deployment
9.2.2 Japan Retrieval Augmented Generation Market by Function
9.2.3 Japan Retrieval Augmented Generation Market by End-use
9.2.4 Japan Retrieval Augmented Generation Market by Application
9.3 India Retrieval Augmented Generation Market
9.3.1 India Retrieval Augmented Generation Market by Deployment
9.3.2 India Retrieval Augmented Generation Market by Function
9.3.3 India Retrieval Augmented Generation Market by End-use
9.3.4 India Retrieval Augmented Generation Market by Application
9.4 South Korea Retrieval Augmented Generation Market
9.4.1 South Korea Retrieval Augmented Generation Market by Deployment
9.4.2 South Korea Retrieval Augmented Generation Market by Function
9.4.3 South Korea Retrieval Augmented Generation Market by End-use
9.4.4 South Korea Retrieval Augmented Generation Market by Application
9.5 Australia Retrieval Augmented Generation Market
9.5.1 Australia Retrieval Augmented Generation Market by Deployment
9.5.2 Australia Retrieval Augmented Generation Market by Function
9.5.3 Australia Retrieval Augmented Generation Market by End-use
9.5.4 Australia Retrieval Augmented Generation Market by Application
9.6 Malaysia Retrieval Augmented Generation Market
9.6.1 Malaysia Retrieval Augmented Generation Market by Deployment
9.6.2 Malaysia Retrieval Augmented Generation Market by Function
9.6.3 Malaysia Retrieval Augmented Generation Market by End-use
9.6.4 Malaysia Retrieval Augmented Generation Market by Application
9.7 Rest of Asia Pacific Retrieval Augmented Generation Market
9.7.1 Rest of Asia Pacific Retrieval Augmented Generation Market by Deployment
9.7.2 Rest of Asia Pacific Retrieval Augmented Generation Market by Function
9.7.3 Rest of Asia Pacific Retrieval Augmented Generation Market by End-use
9.7.4 Rest of Asia Pacific 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:

Companies Mentioned

Some of the key companies in the Asia-Pacific Retrieval Augmented Generation Market include:
  • 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.

Methodology

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