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Global Content Recommendation Engine Market 2022 - Industry Segments, Drivers, Trends, Forecast to 2031 | International Business Machines Corporation, Amazon Web Services Inc, RevContent, Taboola, Outbrain Inc
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The global content recommendation engine market report by the business research company identifies rapid digitalization in businesses to be a major growth driver for the content recommendation engine market. Digitalization is the use of various digital technologies and the increase in digital access to change a business model and value-producing opportunities to generate high revenue. According to the stats by Oberlo, the number of internet users worldwide increased from 4.02 billion in 2018 to nearly 4.95 billion by 2022. Content recommendation engines are widely used in many firms to optimize business operations and attract maximum customers, improve customer engagement and drive higher revenues. According to the article published by Barilliance Ltd, an Israel-based company that provides personalized solutions for e-commerce platforms and email marketing, in September 2021, approximately 31% of e-commerce revenue is generated from product recommendations.
The global content recommendation engine market is expected to grow from $3.24 billion in 2021 to $4.47 billion in 2022 at a compound annual growth rate (CAGR) of 38.10%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The content recommendation engine market is expected to grow to $15.40 billion in 2026 at a compound annual growth rate (CAGR) of 36.21%.
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North America was the largest region in the content recommendation engine market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the content recommendation engine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the content recommendation engine market are International Business Machines Corporation, Amazon Web Services Inc, RevContent, Taboola, Outbrain Inc, Cxense, Dynamic Yield Ltd, Curata Inc, boomtrain Inc, ThinkAnalytics, Kibo Software Inc, Certona Corporation, Uberflip, Recombee and Newzmate Inc.
The global content recommendation engine market is segmented -
1) By Component: Solution, Service
2) By Filtering Approach: Collaborative Filtering, Content-Based Filtering, Hybrid Filtering
3) By Organization Size: Small And Medium Enterprises, Large Enterprises
4) By Vertical: E-Commerce, Media, Entertainment, And Gaming, Retail And Consumer Goods, Hospitality, IT And Telecommunication, BFSI, Education And Training, Healthcare And Pharmaceutical, Other Verticals
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The Content Recommendation Engine Market Report Contents Include
1. Executive Summary
2. Content Recommendation Engine Market Characteristics
3. Content Recommendation Engine Market Trends And Strategies
4. Content Recommendation Engine Market - Macro Economic Scenario
5. Content Recommendation Engine Market Size And Growth
....
27. Content Recommendation Engine Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Content Recommendation Engine Market
29. Content Recommendation Engine Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the content recommendation engine market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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