According to new market
research report "Content Recommendation Engine Market by Component (Solution, Service), Filtering Approach,
Organization Size, Vertical (E-commerce, Media, Entertainment & Gaming,
Retail & Consumer Goods, Hospitality), and Region - Global Forecast to
2022", The content recommendation engine market is expected to
grow from USD 1.16 Billion in 2017 to USD 4.95 Billion by 2022, at a Compound
Annual Growth Rate (CAGR) of 33.7% from 2017 to 2022.
The market is primarily
driven by the increasing focus on enhancing customer experience, need for
analyzing large volumes of customer data, and rapid digitalization.
Browse and
in-depth TOC on “Content Recommendation Engine
Market”
67
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Based on component, the
service segment of the content recommendation engine market is expected to witness the highest growth during the forecast period.
Based on component, the
service segment is expected to witness the highest growth during the forecast
period. The high growth of the service segment can be attributed to the growing
need to simplify the implementation and maintenance of recommendation solution.
Complexities in implementing recommendation solution powered by advanced
technologies, such as AI and deep learning, are also supporting the growth of
the service segment.
Based on organization
size, the small and medium enterprises segment of the content
recommendation engine market is expected to
grow at the highest CAGR during the forecast period.
Based on organization
size, the small and medium enterprises segment of the content recommendation
engine market is estimated to witness the highest growth during the forecast
period, as there is an increase in the deployment of recommendation engine in
several small and medium enterprises to grow their online presence and gain a
virtual audience.
Based on vertical, the
retail & consumer goods segment is expected to grow at the highest
CAGR during the forecast period.
Based on vertical, the
retail & consumer goods segment of the content recommendation engine market
is expected to witness the highest growth due to various benefits offered by
customized recommendation engine such as increased customer engagement,
customer retention, and high order value to the retail & consumer goods
sector. Recommendation engine also helps retail and consumer goods companies to
create personalized email campaigns by analyzing user behavior.
North America is expected
to lead the content recommendation engine market in 2017.
North America is
estimated to lead the content recommendation engine market in 2017. The growth
of the content recommendation engine market can be attributed to continuous
technological innovation in the region. The presence of key companies, such as
IBM, Amazon Web Services (AWS), Taboola, Outbrain, Revcontent, and Curata in
the region is one of the key factors for the growth of the content
recommendation engine market.
Some of the major content
recommendation engine vendors include Amazon Web Services (US), Boomtrain (US),
Certona (US), Curata (US), Cxense (Norway), Dynamic Yield (US), IBM (US), Kibo
Commerce (US), Outbrain (US), Revcontent (US), Taboola (US), and ThinkAnalytics
(UK).
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Content Source: https://www.marketsandmarkets.com/PressReleases/content-recommendation-engine.asp
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/content-recommendation-engine.asp
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