NEW YORK, March 11, 2021 /PRNewswire/ -- The
recommendation engine market is expected to grow by USD 3.57 billion during 2020-2024, according to
Technavio. The report offers a detailed analysis of the impact of
COVID-19 pandemic on the recommendation engine market in
optimistic, probable, and pessimistic forecast scenarios.
The recommendation engine market will witness a positive
impact during the forecast period owing to the widespread growth of
the COVID-19 pandemic. As per Technavio's pandemic-focused market
research, market growth increased in 2020 as compared
to 2019. Enterprises will go through the Response,
Recovery, and Renew phases. Download Free Sample
Report
With the continuing spread of the novel coronavirus pandemic,
organizations across the globe are gradually flattening their
recessionary curve by leveraging technology. Many businesses will
go through response, recovery, and renew phases. Building business
resilience and enabling agility will aid organizations to move
forward in their journey out of the COVID-19 crisis towards the
Next Normal.
This post-pandemic business planning research will aid
clients to:
- Adjust their strategic planning to move ahead once
business stability kicks in.
- Build Resilience by making effective resource and
investment choices for individual business units,
products, and service lines.
- Conceptualize scenario-based planning to mitigate
future crisis situations.
Download the Post-Pandemic Business Planning
Structure
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand
destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets
as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Recommendation Engine Market Participants:
The market is fragmented and the degree of fragmentation is
expected to remain the same over the forecast period. The report
identifies 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.,
and SAP SE. as the major participants in the market.
If you purchase a report that is updated in the next 60 days,
we will send you the new edition and data extract FREE! Get report
snapshot here to get detailed market share analysis of market
participants during COVID-19
lockdown: https://www.technavio.com/report/recommendation-engine-market-industry-analysis
Recommendation Engine Market 2020-2024: Segmentation
Recommendation engine market is segmented as below:
- End-user
-
- Media And Entertainment
- Retail
- Travel And Tourism
- Others
- Geographic Landscape
-
- APAC
- Europe
- MEA
- North America
- South America
The recommendation engine market is driven by growing demand for
personalized recommendations. In addition, other factors such as
implementation of AI in recommendation engines are expected to
trigger the recommendation engine market toward witnessing a CAGR
of almost 30% during the forecast period.
Get more insights about the global trends impacting the
future of recommendation engine market, Request Free Sample
@ https://www.technavio.com/talk-to-us?report=IRTNTR40770
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio