DUBLIN--(BUSINESS WIRE)--The "Content Recommendation Engine Market by Component (Solution, Service), Filtering Approach, Organization Size, Vertical (E-commerce, Media, Entertainment & Gaming, Retail & Consumer Goods, Hospitality), and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The content recommendation engine market is projected to grow from USD 1.16 Billion in 2017 to USD 4.95 Billion by 2022, at a CAGR of 33.7% from 2017 to 2022. Increasing focus on enhancing customer experience, rapid digitalization, and need for analyzing large volumes of customer data are factors driving the market across the globe.
Among components, the service segment of the content recommendation engine market is projected to grow at the highest CAGR during the forecast period. The high growth of the service segment can be attributed to the growing need to deploy development services, consulting services, implementation services, training services, support services, and others. The solution segment is expected to lead the market during the forecast period.
The Asia Pacific content recommendation engine market is projected to grow at the highest CAGR from 2017 to 2022. The growth of the Asia Pacific market can be attributed to the rise in Over the Top (OTT) players and rapid digitization, which is expected to lead to the increasing deployment of content recommendation engine in the region.
- Increasing Focus on Enhancing Customer Experience
- Rapid Digitalization
- Increasing Need for Analyzing Large Volumes of Customer Data
- Protecting Sensitive Information of Customers
- Growing Use of AI in Recommendation Engine to Offer Personalized Customer Experience
- Increasing Demand for Personalization
- Issues Related to Technology and Infrastructural Compatibilities
- Lack of Technical Expertise
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Dynamics and Industry Trends
6 Content Recommendation Engine Market, by Component
7 Market By Filtering Approach
8 Market By Organization Size
9 Content Recommendation Engine Market, by Vertical
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
- Amazon Web Services
- Dynamic Yield
- Kibo Commerce
For more information about this report visit https://www.researchandmarkets.com/research/37d76d/2018_content?w=4