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The recommendation engine market based on AI, is projected to grow at a CAGR of 40.7%NEW YORK, March 22, 2018 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05362655 The North American region is expected to account for the largest market size during the forecast period. The major driving factors for the market are increase in need to understand the customer behavior and preferences and the need to achieve business insights from a large number of data to formulate various customer engagement strategies. In the process to determine and verify the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. • By Company Type - Tier 1 – 18%, Tier 2 – 47%, and Tier 3 –35% • By Designation – C-level – 22%, Director-level – 42%, and Others – 36% • By Region – North America – 24%, Europe– 48%, APAC - 16%, and MEA - 12% The major vendors in the global recommendation engine market based on AI, are IBM (US), SAP (Germany), Salesforce (US), HPE (US), Oracle (US), Google (US), Microsoft (US), Intel (US), AWS (US), and Sentient Technologies (US). - AI recommendation engine software and platform providers - Venture capitalists and angel investors - Information Technology (IT) management directors/managers - Government organizations - Research organizations - Consultants/advisory firms - IT governance directors/managers - AI system integrators - Managed Service Providers (MSPs) - Value-added Resellers (VARs) Research Coverage The recommendation engine market powered by AI, has been segmented on the basis of types (collaborative filtering, content-based filtering, and hybrid recommendation), deployment modes, technologies, applications, end-users, and regions.The recommendation solutions help AI recommendation software and platform providers; venture capitalists/angel investors; IT management directors/managers; and BFSI, healthcare, retail, media and entertainment, and government organizations to improve business operations, enhance decision-making, and reduce costs. The deployment modes in the recommendation engine market are cloud and on-premises.Applications are segmented into personalized campaigns and customer discovery, product planning, strategy and operations planning, and proactive asset management. The technologies involved in the recommendation engine market are context aware and geospatial aware.The end-users segment includes BFSI, retail, healthcare, media and entertainment, transportation, and others (telecom, energy and utilities, manufacturing, and education). On the basis of regions, recommendation engine is segmented into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report is expected to help the market leaders and new entrants in the recommendation engine market based on AI, in the following ways: 1. The report segments the market into various subsegments, hence it covers the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and subsegments. The market numbers are further split into different application areas and regions. 2. The report helps to understand the overall growth of the market. It provides information on the key market drivers, restraints, challenges, and opportunities. 3. The report helps to better understand competitors and gain more insights to strengthen organizations position in the market. In addition, the study presents the positioning of the key players based on their product offerings and business strategies. Read the full report: https://www.reportlinker.com/p05362655 About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 View original content:http://www.prnewswire.com/news-releases/the-recommendation-engine-market-based-on-ai-is-projected-to-grow-at-a-cagr-of-407-300618298.html SOURCE Reportlinker |