AI Governance Market Size Worth $ 334.9 Million By 2026 | CAGR: 46.9%

The global AI Governance market size is expected to reach USD 334.9 million by 2026 according to a new study by xxx Research. The report “AI Governance Market by Component (Solutions (Platforms and Software Tools) and Services), Vertical (BFSI, Healthcare and Life Sciences, Government and Defense, Telecom, Retail, and Automotive); By Regions, Segments & Forecast, 2019 - 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The report covers the COVID-19 impact on the AI Governance market. The COVID-19 Impact analysis will help you to understand the future market growth in the AI Governance market.
The AI governance encompasses the polices and therefore the legal arrangements so as to style, develop, supervise algorithms and models of machine learning (ML). the govt must focus the eye on transparent, ethical and accountable usage of the AI systems, which successively will end in enhancing the outcomes and measures maximum optimization of AI technology. The AI governance widely finds its applicability within the process of higher cognitive process, logistic computations, and others.

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Growing need for decision-making process, and developing trust on the AI systems are some other factors driving the market growth. The rising awareness of the government bodies to leverage artificial intelligence technology is the key factor propelling the growth of the market.

In the global AI governance market, North America is predictable to occur as a leading regional segment in times to come. Embracing of AI technologies is high in the continent. Apart from implementation, a lot of activities are going on in the research and development sector of AI technology in North America, which is propelling in this region.

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The key players in the market include IBM Corporation, Google, Microsoft, Facebook, SAP SE, Salesforce.com, Inc., Fair Isaac Corporation, BoardBookit, Inc., Intel Corporation, NVIDIA Corporation, Anki, AIBrain Inc., Banjo, Apple Inc., Amazon.com, Inc., Appier Inc., SenseTime, Kindred, Inc., OrCam among others. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.

WhipSmart Market Intellegence Market research has segmented the AI Governance market report on the basis of component, Vertical and region
AI Governance Component Outlook (Revenue, USD Million, 2015 – 2026)

o Component
o Solutions
 Platform
 Software Tools
o Services
 Consulting
 Integration
 Support and Maintenance

AI Governance Vertical Outlook (Revenue, USD Million, 2015 – 2026)
o BFSI
o Government and Defense
o Healthcare and Life Sciences
o Media and Entertainment
o Retail
o Telecom
o Automotive
o Others (Education, Travel and Tourism, Manufacturing, and Energy and Utilities)

AI Governance Regional Outlook (Revenue, USD Million, 2015 – 2026)
 North America
o U.S.
o Canada
 Europe
o France
o Germany
o UK
o Italy
o Russia
 Asia Pacific
o Japan
o Korea
 Latin America
o Mexico
o Brazil
o Colombia
 Middle East & Africa
o Saudi Arabia
o Israel

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This release was published on openPR.