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Content Recommendation Engine Market by Component, Filtering Approach, Organization Size, Vertical And Region - Global Forecast to 2022

Content Recommendation Engine Market: Global Forecast until 2022

  • March 2018
  • 127 pages
  • ID: 5365431
In this report:
The retail & consumer goods vertical segment in North America is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at a CAGR of ##.##% during the forecast period.
The healthcare & pharmaceutical vertical segment in North America is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at a CAGR of ##.##% during the forecast period.

Summary

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Growing focus on enhancing customer experience and quick digitalization are factors that are forecast to steer the content recommendation engine market.

The content recommendation engine market is forecasted to grow from ~$1.2B in 2017 to ~$4.9B by 2022, at a Compound Annual Increase rate of 33.70 percent during the forecast period. Factors, including increased focus on enhancing customer experience, fast digitalization, and need for analyzing important volumes of customer data are forecast to steer the content recommendation engine market. Protecting sensitive information of customers is a main aspect restraining the increase of the market.

Established on component, the solution segment is estimated to result the content recommendation engine market in 2017.

Established on component, the solution segment is estimated to result the content recommendation engine market in 2017, as firms use it as a targeted marketing tool in their email campaigns and on their websites to improve the ROI through effective customer engagement. Companies are increasingly deploying content recommendation system due to several benefits, including enhanced customer satisfaction through the personalized online shopping experience.

Based on vertical, the E-commerce segment is estimated to result the content recommendation engine market in 2017.

Based on vertical, the E-commerce segment is estimated to result the content recommendation engine market in 2017. Rising Internet penetration, the increase in the number of smartphones users, and the explosion of digital data have enabled organizations in E-commerce vertical to adopt content recommendation engine and enhance user experience.

The Asia Pacific content recommendation engine market is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period.

The content recommendation engine market has been studied for North America continent, Europe (EU), APAC, the Middle East area & African continent, and Latin America area.The content recommendation engine is being adopted in the Asia Pacific area.

Elements such as the growth of Over the top actors and quick digitization are anticipated to lead to the growing deployment of content recommendation engine platforms in the Asia Pacific area. The industry demand for content recommendation engine solution in small and medium enterprises in the Asia Pacific area is high.

Comprehensive interviews were managed with Chief Executive Officers, marketing directors, innovative products and technology directors, and executives from numerous main institutions operating in the content recommendation engine marketplace.

• By Company category: Tier 1: 14.0 percent, Tier 2: 43.0 percent, and Tier 3: 43.0 percent

• By Description: C-suite: 37.0 percent, D-level: 13.0 percent, and Others: 50.0 percent

• By Area: North America (NA): 37.0 percent, EU: 25.0 percent, Asia-Pac: 25.0 percent, and Rest of the globe: 13.0 percent

Segment Research

The content recommendation engine market has been split on the basis of component, filtering approach, organization size, vertical, and area.Established on component, the content recommendation engine market has been broken down into solution and service.

Established on filtering approach, the industry has been split into collaborative filtering, content-based filtering, and hybrid filtering.The content recommendation engine market has been divided on the basis of organization size into big enterprises and small and medium enterprises.

Based on vertical, the sector has been broken down into E-commerce, media, entertainment & gaming, retail & consumer goods, hospitality, IT & telecommunication, Banking, Financial services and Insurance (BFSI), education & training, healthcare & pharmaceutical, and others (which comprises manufacturing, automotive, and supply chain management). The content recommendation engine market has been studied for North America continent, Europe (EU), Asia Pacific (APAC), the Middle East (ME) & African continent, and Latin America area.

Main highlights

The study will facilitate industry key players and new industry entrants in the content recommendation engine market in these ways:

The analysis will facilitate industry top players/new sector entrants in this sector by providing them the closest approximations of revenues of the content recommendation engine market and its sub-segments.This industry report will also assist partners better comprehend the competitor overview, gain additional insights to position their businesses better, and implement suitable go-to-market approaches.

The market research will facilitate partners comprehend the pulse of the sector and offer them with info on main market drivers, market restraints, opportunities, and alternatives.

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