Recommendation Engine Market Increasing Prevalence of Cancer is a Major Factor for Market Growth | IBM, Google, AWS

Report Ocean publishes a new report on the global Recommendation Engine Market. The global Recommendation Engine Market calculation is based on a combination of information from first-hand sources, qualitative and quantitative assessments from industry analysts, input from experts and participants across the value chain.

Global Recommendation Engine Market to reach USD 13.03 Billion by 2027. Global Recommendation Engine Market is valued approximately at USD 1.77 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 33.0% over the forecast period 2021-2027. 

A recommendation engine is a data filtering tool that uses machine learning algorithms for recommending the relevant items to users. The global Recommendation Engine market is being driven by the growing adoption of digital technologies among organizations and an increase in the need to enhance the customer experience. Furthermore, the rise in technological advancement in data analytics, and rise in sales from e-commerce platforms will provide new opportunities for the global Recommendation Engine industry.

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Report includes an in-depth analysis of macroeconomic indicators, market trends, and governing factors, as well as market attractiveness by segment. A qualitative impact map of different market factors appears in the report. A study of the impact of COVID-19 (Corona Virus) on the product industry chain is analyzed based on upstream and downstream markets, on various regions and countries, and the future development of the industry is forecast.

Report on the Global Recommendation Engine Market aim to enable readers to understand the market and competitive landscape in a way that supports better decision-making. This report includes an overview of participants' financial results, including revenue results, sales volume, gross margin, capital investment, and the global Recommendation Engine Market growth rate.

The researchers collect market demand and size information and validate it with market experts. This study also explores the geographical distribution of the Recommendation Engine Market. The market studies provide information about the industry to top manufacturers, distributors, traders, and dealers. It will offer an overview of the product, the market, the market driving force, the risk & opportunities, and the research findings.

Impact Analysis of COVID-19

• The report examines in detail the impact of Covid-19 on the Recommendation Engine Market

• The Covid-19 outbreak has caused thousands of illnesses worldwide, and the World Health Organization has declared it a global health emergency. Coronavirus disease, which already affects these groups, will have an impact on Recommendation Engine Market segments.

• The economic damage is already evident and represents the world's worst economic shock in decades as the health and human toll rise.

• Several undesirable outcomes can occur in chaotic situations, including restaurant closing, flight canceling, travel restrictions in place, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

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The study covers the fundamental aspects of the Global Recommendation Engine Market, including its future prospects and competitive landscape, in great detail. A Porter's Five Forces analysis of the Recommendation Engine Market provides insights into the factors influencing its growth. Accordingly, this market study breaks down the Recommendation Engine Market into segments, regions, and players to present a clear picture of the current market environment. Research also covers macroeconomics and microeconomics. In the report, several graphs, charts, and tables appear effectively.

Regional Overview

The Recommendation Engine Market study gives a comprehensive look at country-level segments classified as potentially high-growth areas, countries with the highest market share, and countries with the most potential growth. The Recommendation Engine Market study includes regional break-ups like North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Recommendation Engine Market are:

IBM
Google
AWS
Microsoft
Salesforce
Sentient Technologies
HPE
Oracle
Intel
SAP

Scope of the Report

The global Recommendation Engine Market segmentation focuses on:

By Product Type:
Collaborative Filtering
Content-based Filtering
Hybrid Recommendation

By Deployment :
On-premise
Cloud

By Application:
Personalized Campaigns and Customer Delivery
Strategy Operations and Planning
Product Planning and Proactive Asset Management

By organization:
SMEs
Large enterprises

By End Use:
Information Technology
Healthcare
Retail
BFSI
Media & Entertainment
Others

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This release was published on openPR.