According to the latest report by IMARC Group, titled “Recommendation Engine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026.'the global recommendation engine market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The global market is primarily driven by rapid digitization across numerous industries. Moreover, the increasing preference for hybrid recommendation engines is creating a positive outlook for the market. For instance, Netflix, Inc., an American over-the-top (OTT) media service and original programming production company, uses a hybrid recommendation engine to gather insights regarding their viewers’ preferences and recommends related content for improved customer experience. Additionally, continual technological advancements in the market and significant expansion in the e-commerce sector are also acting as major growth-inducing factors.
- Adobe Inc.
- com Inc.
- Dynamic Yield (McDonald's)
- Google LLC (Alphabet Inc.)
- Hewlett Packard Enterprise Development LP
- Intel Corporation
- International Business Machines Corporation
- Kibo Software Inc.
- Microsoft Corporation
- Oracle Corporation
- Recolize GmbH
- com Inc.
- SAP SE.
Key Market Segmentation:
Breakup by Type:
- Collaborative Filtering
- Content-based Filtering
- Hybrid Recommendation Systems
Breakup by Technology:
- Context Aware
- Geospatial Aware
Breakup by Deployment Mode:
Breakup by Application:
- Strategy and Operations Planning
- Product Planning and Proactive Asset Management
- Personalized Campaigns and Customer Discovery
Breakup by End User:
- IT and Telecommunication
- Media and Entertainment
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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