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Insights on the Recommendation Engine Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 - Technavio

·5 min read

The recommendation engine market is expected to grow by USD 3.57 bn, progressing at a CAGR of almost 30% during the forecast period.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201117006104/en/

Technavio has announced its latest market research report titled Global Recommendation Engine Market 2020-2024 (Graphic: Business Wire).

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The growing demand for personalized recommendations is one of the major factors propelling market growth.

More details: https://www.technavio.com/report/recommendation-engine-market-industry-analysis

Recommendation Engine Market: End-user Landscape

Based on the end-user, the media and entertainment segment is expected to witness lucrative growth during the forecast period.

Recommendation Engine Market: Geographic Landscape

By geography, North America is going to have a lucrative growth during the forecast period. About 38% of the market’s overall growth is expected to originate from North America. The US and Canada are the key markets for recommendation engines in North America.

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Companies Covered:

  • Adobe Inc.

  • Amazon Web Services Inc.

  • Dynamic Yield Inc.

  • Evergage Inc.

  • Google LLC

  • International Business Machines Corp.

  • Kibo Software Inc.

  • Qubit Digital Ltd.

  • Salesforce.com Inc.

  • SAP SE.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, until 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface

  • 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem

  • Market characteristics

  • Value chain analysis

  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition

  • Market size

  • Market Outlook

  • Market sizing 2019

  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user

  • Comparison by end-user

  • Media and entertainment - Market size and forecast 2019-2024

  • Retail - Market size and forecast 2019-2024

  • Travel and tourism - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • APAC - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers

  • Market challenges

PART 11: MARKET TRENDS

  • Growing demand for personalized recommendations

  • Raising funds through crowdfunding platforms by recommendation

  • engine startups

  • Implementation of AI in recommendation engines

PART 12: VENDOR LANDSCAPE

  • Overview

  • Landscape disruption

  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered

  • Vendor classification

  • Market positioning of vendors

  • Adobe Inc.

  • Amazon Web Services, Inc.

  • Dynamic Yield, Inc.

  • Evergage Inc.

  • Google LLC

  • International Business Machines Corp.

  • Kibo Software Inc.

  • Qubit Digital Ltd.

  • Salesforce.com Inc.

  • SAP SE

PART 14: APPENDIX

  • Research methodology

  • List of abbreviations

  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201117006104/en/

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Technavio Research
Jesse Maida
Media & Marketing Executive
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