Engineering, Research & Technical Services

Information Retrieval Systems: Market Size, Growth & Forecast to 2030

The Information Retrieval Systems market is valued at about $58.4 billion (2026) and is projected to grow at a 7.6% CAGR through 2030. The largest cost driver is Compute and GPU Infrastructure (40% of spend). North America leads demand at 48%.

Market size
$58.4 bn (2026)
CAGR to 2030
+7.6%
Buyer power
Favours buyers
Tracked suppliers
45

Projected market growth to 2030

Market size index, 2026 = 100, at the 7.6% CAGR.

1441291151001002026107.62027115.82028124.620291342030144.22031

Cost structure

Compute and GPU Infrastructure
40%
Engineering and LLM Development Labor
25%
Third Party Model API and Licensing Fees
15%
Data Storage and Indexing Infrastructure
12%
Implementation and Customer Support
8%

Regional demand split

North America demand
48%
Europe demand
26%
Asia Pacific demand
18%
Rest of world demand
8%

Key suppliers

MicrosoftGoogleElasticGlean TechnologiesCoveoCohere
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Claight market analysis of proprietary and public data. Full report: /category-intelligence/information-retrieval-systems