The global market report on the recommendation search engine has predicted that the market could surpass USD 5,900 million by 2023 with a CAGR of 40% during the forecast period of 2018 to 2023. Market Research Future (MRFR) claims that the market is expected to grow with thrust from the rising digitization, inclusion of smart gadgets like mobiles, laptops, and tablets, increasing use of algorithm to understand consumer behavior, innovation, research funding to improve existing systems, market competition, increasing uptake of the product by end users, and others.
The global recommendation search engine market has been studied on the basis of a segmentation that includes type, application, technology, end users, and deployment. These segments have data about how the market has performed so far and how segments can inspire proceedings in the coming years.
By type, the report on the recommendation search engine market has been segmented into content-based filtering, collaborative filtering, and hybrid recommendation.
By technology, the analysis of the recommendation search engine market includes a study of context-aware and geospatial aware. The context-aware segment includes machine learning and deep learning, and natural language processing.
By application, the market includes product planning, personalized campaigns and customer discovery, strategy and operations planning, and proactive asset management.
By deployment, the market study includes on cloud and on-premise.
By end users, the market comprises retail, media and entertainment, banking, financial services, and insurance, healthcare, transportation, and others.
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