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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Global Virtual Events Market - Global virtual events market is segmented by application (UC&C and video conferencing and web conferencing), end-user (virtual events for educational institutions, virtual events for trade shows, and virtual events for enterprises), and geography (APAC, Europe, MEA, North America, and South America).
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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
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Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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