How big is the Recommendation Engine Market?

The Recommendation Engine Market size is expected to reach USD 6.88 billion in 2024 and grow at a CAGR of 33.06% to reach USD 28.70 billion by 2029. Read More

What is the current Recommendation Engine Market size?

In 2024, the Recommendation Engine Market size is expected to reach USD 6.88 billion. Read More

Who are the key players in Recommendation Engine Market?

IBM Corporation, Google LLC (Alphabet Inc.), Amazon Web Services Inc., Microsoft Corporation and Salesforce Inc. are the major companies operating in the Recommendation Engine Market. Read More

Which is the fastest growing region in Recommendation Engine Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Recommendation Engine Market?

In 2024, the Asia-Pacific accounts for the largest market share in Recommendation Engine Market. Read More

What years does this Recommendation Engine Market cover, and what was the market size in 2023?

In 2023, the Recommendation Engine Market size was estimated at USD 5.17 billion. The report covers the Recommendation Engine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Recommendation Engine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Recommendation Engine Market Share

Statistics for the 2023 & 2024 Recommendation Engine market share, created by Mordor Intelligence™ Industry Reports. Recommendation Engine share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Recommendation Engine Industry

The recommendation engine market is fragmented with the presence of major players like IBM Corporation, Google LLC (Alphabet Inc.), Amazon Web Services Inc.(Amazon.com Inc.), Microsoft Corporation, and Salesforce Inc. Players in the market are adopting strategies such as partnerships, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

January 2023 - New Coveo Merchandising Hub's debut was announced by Coveo. The Hub offers a rich feature set that enables companies to deliver a highly relevant shopping journey that helps foster loyalty and boost profitability. It is designed to empower merchandisers to create tailored experiences that convert. Qubit, a London-based start-up that offers AI-powered customization technology for fashion companies and retailers, was acquired by Coveo in October 2021.
October 2022 - Algonomy announced the availability of two significant connectors for Shopify and Commercetools, which will enable automatic and smooth data interchange between Algonomy's products and e-stores. Algonomy Connectors offer a simple method for integrating online shops with Shopify or Commercetools, enabling real-time product data collecting. Connectors give improved control and insight over the catalog integration process and remove the need for relying on external organizations and resources to update catalog data regularly.