Exclusive Report on Global AI Governance Industry: to grow at a whopping rate of CAGR 50.43%

The global AI Governance market size was valued at $46.6 Million in 2020 and is expected to reach $1.32 Billion by 2028 growing at the CAGR of 50.43% from 2021 to 2028.

Rise in government initiatives to leverage artificial intelligence technology will drive market growth. Also, more and more businesses and organizations will leverage AI technology and the adoption of this technology for their benefit. As a result, more and more governments around the world will move towards adopting regulations regarding the implementation of AI technology into processes that require transparency, data security and compliance with regulation.

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Key Players

Some of the major AI Governance players holding high market share include Alphabet Inc., Microsoft Corporation, and IBM Corporation. These players use new product development and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Alphabet Inc.
● Microsoft Corporation
● IBM Corporation
● Amazon Web Services, Inc
● QlikTech International AB
● TIBCO Software Inc.
● SAS Institute Inc.
● Facebook, Inc
● Pymetrics Inc.
● Ataccama Corporation

The recently published research report on Global AI Governance Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the AI Governance market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the AI Governance market report also includes the following data points:
● COVID19 Impact on AI Governance market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in AI Governance market

Segmental Analysis

Market Segment By Component with focus on market share, consumption trend, and growth rate of AI Governance Market:
o Solutions
o Services

Market Segment By Deployment Mode with the focus on market share, consumption trend, and growth rate of AI Governance Market:
o Cloud
o On-premises

Market Segment By Organisation Size with a focus on market share, consumption trend, and growth rate of AI Governance Market:
o Large Enterprises
o Small and Medium-sized Enterprises (SMEs)

Market Segment By Vertical with a focus on market share, consumption trend, and growth rate of AI Governance Market:
o BFSI
o Government and Defence
o Healthcare and Information & Communication Technology
o Other Verticals

For more information: https://evolvebi.com/product/ai-governance-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

The AI governance market has been classified into four segments on the basis of regions, namely North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). On the basis of segmentation criteria, North America is expected to account for the largest share. This can be attributed to various factors such as technological advancements in the region that are used to develop AI solutions for supportive governance. Furthermore, large number of developed networking among various industry players is expected to drive up demand for AI governance solutions in the region. Additionally, the growing popularity of AI services across key industry verticals including government, finance & insurance solutions is anticipated to bolster the adoption rate of AI governance solutions over time.

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