Latest Market Research Report 2025

  The global  recommendation engine market  size is expected to reach USD 33.23 billion by 2030, registering a CAGR of 36.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growing adoption of digital technologies among organizations is one of the key factors driving the market. In addition, the rising competition among organizations and the need to provide a better customer experience are increasing the demand for recommendation systems.   The COVID-19 pandemic compelled governments across various countries to take immediate actions and impose partial or full lockdowns. This impacted various industries in numerous ways. Social distancing rules and traveling restrictions shifted people away from physical shops for buying essentials to the digital medium, which resulted in the increased demand for online shopping platforms. Hence, the pandemic created a lucrative opportunity for the market. A recommendation engine, a type of data fil...

  Recommendation Engine Industry Overview The global recommendation engine market size was valued at USD 1.77 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 33.0% from 2021 to 2028.    The increasing need to enhance customer experience is fueling the demand for recommendation engines. The growing adoption of digital technologies among organizations is also resulting in the increased demand for recommendation engine solutions. The COVID-19 pandemic affected several industries, leading to a notable change in how businesses operate and buyers shop. These changes are expected to endure beyond the pandemic as well, having a lasting impact on businesses and people. For instance, the e-commerce giant Amazon.com, Inc. made approximately USD 33 million an hour in sales in the first quarter of 2020.   Gather more insights about the market drivers, restrains and growth of the Global Recommendation Engine Market   Due to the ri...