Global Recommendation Engine Market
Recommendation Engine Market size is expected to cross USD 94.24 billion by the end of 2037, expanding at a CAGR of 24.67% during the forecast period, i.e., 2025-2037. In the year 2024, the industry size of recommendation engine is estimated at USD 5.49 billion.
The major factor influencing the market expansion is the growing demand for e-commerce owing to the growing adoption of the Internet. For instance, according to the prediction made by the International Telecommunication Union, over 5.4 billion people – or about 67 percent of the population across the globe were utilizing the Internet in 2023. As a result, the adoption of a recommendation engine is set to be adopted by e-commerce companies to boost the engagement of viewers.
Author Credits: Abhishek Verma
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