The recommendation engine is a tool used to predict the user choice of what may or may not like among the list of given items. It is subclass of information filtering system that seeks to predict the user preference toward an item. The global recommendation engine market size was valued at $0.82 billion in 2017 and is estimated to reach $10.36 billion by 2025 with the CAGR of 40.25% during 2019-2025. The factors propelling the growth of the recommendation engine market are increasing rate of digitalisation, growth in focus towards gaining the customer’s experience, the rise in demand to analyse a large volume of data, accessing the growth of deep learning technology in recommendation technology, achieving higher sales and High returns on investment. Factors such as the association of concern to infrastructure compatibility, protecting the sensitive information of customers, concerns on over accessing of consumer’s data and lack of expertise with technical skills are restraining the growth. Moreover, raising the demand for personalisation, growth in government support, increase in e-commerce and increase use of AI in recommendation engine to offer personalised customer experience are creating several opportunities for the growth of the market.
Research Study Objectives:
Top-down and bottom-up approaches are used to validate the recommendation engine market size and are used to estimate the size of other dependent submarkets. Key players in the market are identified through various secondary sources; databases including Bloomberg Businessweek, Hoovers, Factiva, journals and associations and the market revenues are estimated and are thoroughly validated through primary and secondary research. Secondary research involves the study of annual and financial reports of top players in the market, whereas primary research includes extensive interviews with the KoL’s such as CEOs, directors, board members, VP’s, sales managers, engineers, marketing executives, technicians, account managers, investors, strategic decision makers and others. The recommendation engine market shares and breakdowns are determined using secondary sources and are verified by the primary sources. All possible parameters/factors that are affecting the recommendation engine market demand are covered in the research study are verified through primary research, analysed and interpreted to get the final qualitative and quantitative data. This data is collected and added with detailed analysis from Envision Inteligence and presented in this report.
The scope of the Report
The recommendation engine market segmentation is as follows:
By Type
By Technology
By Deployment Mode
By Application
By End Users
Geographical Analysis:
Recommendation engine market is segmented by geography into North America, South America, Europe, APAC and Middle East & Africa. U.S., Canada, Mexico and Costa Rica are analysed under North American region which is usually turning as the hotspot in the market. The South American region is further segregated into Brazil, Argentina, Chile, Columbia and some other emerging economies. In Europe, the market is extensively examined by covering U.K., Germany, France, Italy, Spain, Netherlands,
Customization Options:
With the given research report, Envision Inteligence offers customisations as per the client’s specific requirements. The following customisation options offered for the recommendation engine market include:
Global Recommendation Engine Market Research Report Includes:
Along with these companies, many other companies are considered in the report while analysing the global recommendation engine market competitive strategies and environment. These companies held substantial share-owning to the nature of the industry whereas, the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players also have considerable presence owing to its robust brand image, geographical reach and stable customer base.
Starting from $2700
Starting from $2700
Starting from $2700
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