The North America Recommendation Engine Market would witness market growth of 30.6% CAGR during the forecast period (2021-2027).
Collaborative filtering is one of the major kind of recommendation engine, which is the process of gathering and analyzing data on user behavior, activities, and preferences in order to forecast what a user will like based on their similarities to other users. In addition, collaborative filtering uses a matrix-style method to plot and calculate these similarities. This type of recommendation engine has the advantage of not requiring the content to be analyzed or understood.
With the use of machine learning and artificial intelligence algorithms, the IT industry is gradually adopting recommendation engines to construct product recommendation chatbots. For example, Gnani.ai, provides a tailored suggestion chatbot based on the user's preferences and chat history. This attracts more buyers to the sales funnel's final stage.
Several consumers across this region prefer shopping based on recommendation since it takes less time for them to deep search the products they require. Along with that, the growing population of millennials and Gen Z is significantly supporting the recommendation engine’s demand since they are highly preferring online platforms and sites that prefer suggestions and automatically play music or videos as per the last played track or video.
The US market dominated the North America Recommendation Engine Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,776.7 million by 2027. The Canada market is expected to witness a CAGR of 33.6% during (2021 - 2027). Additionally, The Mexico market is expected to witness a CAGR of 32.4% during (2021 - 2027).
Based on Type, the market is segmented into Collaborative Filtering, Content-based Filtering and Hybrid Recommendation. Based on Application, the market is segmented into Personalized Campaigns & Customer Delivery, Product Planning & Proactive Asset Management and Strategy Operations & Planning. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End Use, the market is segmented into Retail, BFSI, Healthcare, Media & Entertainment, Information Technology and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Recommendation Engine Market is Estimated to reach $11.4 Billion by 2027, at a CAGR of 32.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Salesforce.com, Inc., Adobe, Inc., Google LLC, Intel Corporation, Hewlett-Packard Enterprise Company, and Amazon.com, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Collaborative Filtering
- Content-based Filtering and
- Hybrid Recommendation
By Application
- Personalized Campaigns & Customer Delivery
- Product Planning & Proactive Asset Management and
- Strategy Operations & Planning
By Deployment Type
By Organization Size
- Large Enterprises and
- Small & Medium Enterprises
By End Use
- Retail
- BFSI
- Healthcare
- Media & Entertainment
- Information Technology and
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Oracle Corporation
- Microsoft Corporation
- SAP SE
- Salesforce.com, Inc.
- Adobe, Inc.
- Google LLC
- Intel Corporation
- Hewlett-Packard Enterprise Company
- Amazon.com, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Recommendation Engine Market, by Type
1.4.2 North America Recommendation Engine Market, by Application
1.4.3 North America Recommendation Engine Market, by Deployment Type
1.4.4 North America Recommendation Engine Market, by Organization Size
1.4.5 North America Recommendation Engine Market, by End Use
1.4.6 North America Recommendation Engine Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisitions and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2018, Jul – 2021, Apr) Leading Players
Chapter 4. North America Recommendation Engine Market by Type
4.1 North America Collaborative Filtering Market by Country
4.2 North America Content-based Filtering Market by Country
4.3 North America Hybrid Recommendation Market by Country
Chapter 5. North America Recommendation Engine Market by Application
5.1 North America Personalized Campaigns & Customer Delivery Market by Country
5.2 North America Product Planning & Proactive Asset Management Market by Country
5.3 North America Strategy Operations & Planning Market by Country
Chapter 6. North America Recommendation Engine Market by Deployment Type
6.1 North America Cloud Market by Country
6.2 North America On-premise Market by Country
Chapter 7. North America Recommendation Engine Market by Organization Size
7.1 North America Large Enterprises Market by Country
7.2 North America Small & Medium Enterprises Market by Country
Chapter 8. North America Recommendation Engine Market by End Use
8.1 North America Retail Market by Country
8.2 North America BFSI Market by Country
8.3 North America Healthcare Market by Country
8.4 North America Media & Entertainment Market by Country
8.5 North America Information Technology Market by Country
8.6 North America Others Market by Country
Chapter 9. North America Recommendation Engine Market by Country
9.1 US Recommendation Engine Market
9.1.1 US Recommendation Engine Market by Type
9.1.2 US Recommendation Engine Market by Application
9.1.3 US Recommendation Engine Market by Deployment Type
9.1.4 US Recommendation Engine Market by Organization Size
9.1.5 US Recommendation Engine Market by End Use
9.2 Canada Recommendation Engine Market
9.2.1 Canada Recommendation Engine Market by Type
9.2.2 Canada Recommendation Engine Market by Application
9.2.3 Canada Recommendation Engine Market by Deployment Type
9.2.4 Canada Recommendation Engine Market by Organization Size
9.2.5 Canada Recommendation Engine Market by End Use
9.3 Mexico Recommendation Engine Market
9.3.1 Mexico Recommendation Engine Market by Type
9.3.2 Mexico Recommendation Engine Market by Application
9.3.3 Mexico Recommendation Engine Market by Deployment Type
9.3.4 Mexico Recommendation Engine Market by Organization Size
9.3.5 Mexico Recommendation Engine Market by End Use
9.4 Rest of North America Recommendation Engine Market
9.4.1 Rest of North America Recommendation Engine Market by Type
9.4.2 Rest of North America Recommendation Engine Market by Application
9.4.3 Rest of North America Recommendation Engine Market by Deployment Type
9.4.4 Rest of North America Recommendation Engine Market by Organization Size
9.4.5 Rest of North America Recommendation Engine Market by End Use
Chapter 10. Company Profiles
10.1 IBM Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional & Segmental Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Acquisitions and Mergers:
10.1.6 SWOT Analysis
10.2 Oracle Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.2.5 SWOT Analysis
10.3 Microsoft Corporation
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 SAP SE
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 Recent strategies and developments:
10.4.5.1 Acquisitions and Mergers:
10.4.6 SWOT Analysis
10.5 Salesforce.com, Inc.
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Regional Analysis
10.5.4 Research & Development Expense
10.5.5 Recent strategies and developments:
10.5.5.1 Product Launches and Product Expansions:
10.5.6 SWOT Analysis
10.6 Adobe, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Research & Development Expense
10.6.5 Recent strategies and developments:
10.6.5.1 Partnerships, Collaborations, and Agreements:
10.6.5.2 Product Launches and Product Expansions:
10.6.5.3 Acquisitions and Mergers:
10.6.6 SWOT Analysis
10.7 Google LLC
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expense
10.7.5 Recent strategies and developments:
10.7.5.1 Partnerships, Collaborations, and Agreements:
10.7.5.2 Product Launches and Product Expansions:
10.7.6 SWOT Analysis
10.8 Intel Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.8.5.2 Product Launches and Product Expansions:
10.8.5.3 Acquisitions and Mergers:
10.8.6 SWOT Analysis
10.9 Hewlett Packard Enterprise Company
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 Recent strategies and developments:
10.9.5.1 Product Launches and Product Expansions:
10.9.6 SWOT Analysis
10.10. Amazon.com, Inc.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 Recent strategies and developments:
10.10.4.1 Product Launches and Product Expansions:
10.10.5 SWOT Analysis
TABLE 1 North America Recommendation Engine Market, 2017 - 2020, USD Million
TABLE 2 North America Recommendation Engine Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Recommendation Engine Market
TABLE 4 Product Launches And Product Expansions– Recommendation Engine Market
TABLE 5 Acquisitions and Mergers– Recommendation Engine Market
TABLE 6 North America Recommendation Engine Market by Type, 2017 - 2020, USD Million
TABLE 7 North America Recommendation Engine Market by Type, 2021 - 2027, USD Million
TABLE 8 North America Collaborative Filtering Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Collaborative Filtering Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Content-based Filtering Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Content-based Filtering Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Hybrid Recommendation Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Hybrid Recommendation Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Recommendation Engine Market by Application, 2017 - 2020, USD Million
TABLE 15 North America Recommendation Engine Market by Application, 2021 - 2027, USD Million
TABLE 16 North America Personalized Campaigns & Customer Delivery Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Personalized Campaigns & Customer Delivery Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Product Planning & Proactive Asset Management Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Product Planning & Proactive Asset Management Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Strategy Operations & Planning Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Strategy Operations & Planning Market by Country, 2021 - 2027, USD Million
TABLE 22 North America Recommendation Engine Market by Deployment Type, 2017 - 2020, USD Million
TABLE 23 North America Recommendation Engine Market by Deployment Type, 2021 - 2027, USD Million
TABLE 24 North America Cloud Market by Country, 2017 - 2020, USD Million
TABLE 25 North America Cloud Market by Country, 2021 - 2027, USD Million
TABLE 26 North America On-premise Market by Country, 2017 - 2020, USD Million
TABLE 27 North America On-premise Market by Country, 2021 - 2027, USD Million
TABLE 28 North America Recommendation Engine Market by Organization Size, 2017 - 2020, USD Million
TABLE 29 North America Recommendation Engine Market by Organization Size, 2021 - 2027, USD Million
TABLE 30 North America Large Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 31 North America Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 32 North America Small & Medium Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 33 North America Small & Medium Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 34 North America Recommendation Engine Market by End Use, 2017 - 2020, USD Million
TABLE 35 North America Recommendation Engine Market by End Use, 2021 - 2027, USD Million
TABLE 36 North America Retail Market by Country, 2017 - 2020, USD Million
TABLE 37 North America Retail Market by Country, 2021 - 2027, USD Million
TABLE 38 North America BFSI Market by Country, 2017 - 2020, USD Million
TABLE 39 North America BFSI Market by Country, 2021 - 2027, USD Million
TABLE 40 North America Healthcare Market by Country, 2017 - 2020, USD Million
TABLE 41 North America Healthcare Market by Country, 2021 - 2027, USD Million
TABLE 42 North America Media & Entertainment Market by Country, 2017 - 2020, USD Million
TABLE 43 North America Media & Entertainment Market by Country, 2021 - 2027, USD Million
TABLE 44 North America Information Technology Market by Country, 2017 - 2020, USD Million
TABLE 45 North America Information Technology Market by Country, 2021 - 2027, USD Million
TABLE 46 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 47 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 48 North America Recommendation Engine Market by Country, 2017 - 2020, USD Million
TABLE 49 North America Recommendation Engine Market by Country, 2021 - 2027, USD Million
TABLE 50 US Recommendation Engine Market, 2017 - 2020, USD Million
TABLE 51 US Recommendation Engine Market, 2021 - 2027, USD Million
TABLE 52 US Recommendation Engine Market by Type, 2017 - 2020, USD Million
TABLE 53 US Recommendation Engine Market by Type, 2021 - 2027, USD Million
TABLE 54 US Recommendation Engine Market by Application, 2017 - 2020, USD Million
TABLE 55 US Recommendation Engine Market by Application, 2021 - 2027, USD Million
TABLE 56 US Recommendation Engine Market by Deployment Type, 2017 - 2020, USD Million
TABLE 57 US Recommendation Engine Market by Deployment Type, 2021 - 2027, USD Million
TABLE 58 US Recommendation Engine Market by Organization Size, 2017 - 2020, USD Million
TABLE 59 US Recommendation Engine Market by Organization Size, 2021 - 2027, USD Million
TABLE 60 US Recommendation Engine Market by End Use, 2017 - 2020, USD Million
TABLE 61 US Recommendation Engine Market by End Use, 2021 - 2027, USD Million
TABLE 62 Canada Recommendation Engine Market, 2017 - 2020, USD Million
TABLE 63 Canada Recommendation Engine Market, 2021 - 2027, USD Million
TABLE 64 Canada Recommendation Engine Market by Type, 2017 - 2020, USD Million
TABLE 65 Canada Recommendation Engine Market by Type, 2021 - 2027, USD Million
TABLE 66 Canada Recommendation Engine Market by Application, 2017 - 2020, USD Million
TABLE 67 Canada Recommendation Engine Market by Application, 2021 - 2027, USD Million
TABLE 68 Canada Recommendation Engine Market by Deployment Type, 2017 - 2020, USD Million
TABLE 69 Canada Recommendation Engine Market by Deployment Type, 2021 - 2027, USD Million
TABLE 70 Canada Recommendation Engine Market by Organization Size, 2017 - 2020, USD Million
TABLE 71 Canada Recommendation Engine Market by Organization Size, 2021 - 2027, USD Million
TABLE 72 Canada Recommendation Engine Market by End Use, 2017 - 2020, USD Million
TABLE 73 Canada Recommendation Engine Market by End Use, 2021 - 2027, USD Million
TABLE 74 Mexico Recommendation Engine Market, 2017 - 2020, USD Million
TABLE 75 Mexico Recommendation Engine Market, 2021 - 2027, USD Million
TABLE 76 Mexico Recommendation Engine Market by Type, 2017 - 2020, USD Million
TABLE 77 Mexico Recommendation Engine Market by Type, 2021 - 2027, USD Million
TABLE 78 Mexico Recommendation Engine Market by Application, 2017 - 2020, USD Million
TABLE 79 Mexico Recommendation Engine Market by Application, 2021 - 2027, USD Million
TABLE 80 Mexico Recommendation Engine Market by Deployment Type, 2017 - 2020, USD Million
TABLE 81 Mexico Recommendation Engine Market by Deployment Type, 2021 - 2027, USD Million
TABLE 82 Mexico Recommendation Engine Market by Organization Size, 2017 - 2020, USD Million
TABLE 83 Mexico Recommendation Engine Market by Organization Size, 2021 - 2027, USD Million
TABLE 84 Mexico Recommendation Engine Market by End Use, 2017 - 2020, USD Million
TABLE 85 Mexico Recommendation Engine Market by End Use, 2021 - 2027, USD Million
TABLE 86 Rest of North America Recommendation Engine Market, 2017 - 2020, USD Million
TABLE 87 Rest of North America Recommendation Engine Market, 2021 - 2027, USD Million
TABLE 88 Rest of North America Recommendation Engine Market by Type, 2017 - 2020, USD Million
TABLE 89 Rest of North America Recommendation Engine Market by Type, 2021 - 2027, USD Million
TABLE 90 Rest of North America Recommendation Engine Market by Application, 2017 - 2020, USD Million
TABLE 91 Rest of North America Recommendation Engine Market by Application, 2021 - 2027, USD Million
TABLE 92 Rest of North America Recommendation Engine Market by Deployment Type, 2017 - 2020, USD Million
TABLE 93 Rest of North America Recommendation Engine Market by Deployment Type, 2021 - 2027, USD Million
TABLE 94 Rest of North America Recommendation Engine Market by Organization Size, 2017 - 2020, USD Million
TABLE 95 Rest of North America Recommendation Engine Market by Organization Size, 2021 - 2027, USD Million
TABLE 96 Rest of North America Recommendation Engine Market by End Use, 2017 - 2020, USD Million
TABLE 97 Rest of North America Recommendation Engine Market by End Use, 2021 - 2027, USD Million
TABLE 98 Key information – IBM Corporation
TABLE 99 Key Information – Oracle Corporation
TABLE 100 key information – Microsoft Corporation
TABLE 101 Key Information – SAP SE
TABLE 102 Key Information –Salesforce.com, Inc.
TABLE 103 Key Information – Adobe, Inc.
TABLE 104 Key Information – Google LLC
TABLE 105 Key Information – Intel Corporation
TABLE 106 key information – Hewlett Packard Enterprise Company
TABLE 107 Key Information – Amazon.com, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Jul – 2021, apr) Leading Players
FIG 5 Swot analysis: IBM Corporation
FIG 6 SWOT analysis: Oracle Corporation
FIG 7 SWOT Analysis: Microsoft Corporation
FIG 8 SWOT Analysis: SAP SE
FIG 9 SWOT Analysis: Salesforce.com Inc.
FIG 10 Recent strategies and developments: Adobe, Inc.
FIG 11 SWOT Analysis: Adobe, inc.
FIG 12 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 13 Recent strategies and developments: Intel Corporation
FIG 14 SWOT analysis: Intel corporation
FIG 15 SWOT analysis: Hewlett-Packard enterprise Company
FIG 16 SWOT analysis: Amazon.com, Inc.