AI-based Recommendation System Global Research Report 2024: A $3.28 Billion Market in 2028 - Long-term Forecast to 2033 with Alphabet, Microsoft, Alibaba, Meta, AWS Leading [Yahoo! Finance...
Oracle Corporation (ORCL)
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Source: Yahoo! Finance
The AI-based recommendation system market size has grown rapidly in recent years. It will grow from $2.01 billion in 2023 to $2.21 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The AI-based recommendation system market size is expected to see rapid growth in the next few years. It will grow to $3.28 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The expansion observed in the historical period can be attributed to several factors, including the rising demand for personalized recommendations, increased availability of data, the need for efficient workforce management solutions, growth in e-commerce activities, heightened demand for cross-selling and upselling strategies, as well as the application of recommendation systems in education and e-learning sectors. North America was the largest region in the AI-based recommendation system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions co
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