AI in Governance Market Value, Country-wise Insights, Forecast to 2029

AI Governance is the concept of legal structure, which ensures that the use of artificial intelligence system should work fairly and ethically. As the industries are facing chances of violation of laws while working with the surrounding, adoption of AI governance solution minimizes the gap between accountability and ethics in advance technology. Increase in adoption of AI through every industrial vertical is generating the need for AI governance adoption. AI governance covers the area of legal things, data quality, and independence related to AI system. It defines the sectors that are suitable for automation in AI system, the legal structure required by the organization, and the required control measure for AI system.AI governance uses machine learning algorithms to perform all these activities. Also, it helps to avoid scenario in an AI system where AI-based decisions make unjust and dispute with human rights.

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Various factors such as several initiatives taken by government authority in strong support of AI technology, growing demand of the AI system in each industry verticalalong with the growing regularity compliance in artificial intelligence drive the AI governance market growth globally. However, building a comprehensive ethical principle for AI and lack of technically skilled people in emerging economies restrain the growth of the AI governance market globally. Furthermore, decrease in gender inequality and discrimination by using AI is expected to create lucrative opportunities in the AI governance market globally.

The AI governance market is segmented on the basis of component, deployment mode, enterprise size, industry vertical, and region. By component, it is classified into solutions and services. The solution segment is further bifurcated into software tools and platforms.

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By service, it is further divided into training, consulting, and integration. By deployment model, the market is categorized into the cloud and on-premise. By enterprise size, it is bifurcated into small & medium size enterprise and large size enterprises. By industry vertical, it is classified into BFSI, healthcare, travel & hospitality, government, automotive, IT & telecommunication, retail & e-commerce, media & entertainment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

This report gives an in-depth profile of some key market players in the AI governance market are Alphabet Inc.,Facebook, Fair Isaac Corporation., IBM Corporation, integrate.ai, Microsoft Corporation, Salesforce,SAP AG,SAS Institute Inc., and Zest AI.
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Key Benefits for Stakeholders -

• The study provides an in-depth analysis of the AI governance market along with the current trends and future estimations to elucidate the imminent investment pockets.
• Information about key drivers, restraints, and opportunities and their impact analysis on the AI governance market size is provided.
• Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the AI governance market.
• The quantitative analysis of the AI governance market from 2019 to 2027 is provided to determine the AI governance market potential.

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