Press release
AI Governance Market is Estimated to Reach USD 1.36 Billion by 2030: Cognitive Market Research
AI Governance Market is Estimated to Reach USD 1.36 Billion by 2030: Cognitive Market Research
What is AI governance?
Artificial intelligence is presently a technology with practical applications in modern life. AI technology positive impact on society and economies when this is used properly. AI is used in various sectors such as education, transportation, healthcare, and others. This main objective is close the gap between technological advancement and ethical responsibility. In addition, part of AI governance is biased monitored and evaluation, algorithm effectiveness, and ROI risk.
Summary:
• As per the study of CMR, The Global AI Governance Market size was valued at USD 81.9 Million in 2022 and is expected to grow at a CAGR Of 41.5 % during the forecast period, reaching USD 1.36 Billion by 2030.
• Based on the component, the solution segment has the largest revenue share in the AI governance market.
• Based on the industry vertical, the BFSI segment has the largest market share in the AI governance market.
To know more about The AI Governance Market statistics click here: https://www.cognitivemarketresearch.com/ai-governance-market-report
Market Dynamics:
AI Governance Market Drivers:
Increasing data storage convivence, government exertions to use the Al technology, and the easy and quick historical dataset is the major factor expected to drive the growth of the AI governance market.
AI Governance Market Opportunities:
The increasing level of observance of technological regulation and AI significantly reducing judgment based on gender is likely to create growth opportunities for the AI governance market in the forecast period.
AI Governance Market Restraints:
Inadequate expertise and a foundation of moral standards for Al may hinder the growth of the AI governance market in the forecast period.
Market Segmentation:
Component:
• Services
• Solution
Based on the component, the solution segment has the largest revenue share in the AI governance market. This is due to the increasing deployment of AI governance solutions between different sectors projected to fuel the growth of the AI governance market.
Deployment Mode:
• Cloud
• On-Premise
Based on deployment mode, the cloud has the leading segment in the AI governance market. This is attributed to various advantages of using cloud deployment of AI governance like allocating assets precisely projected to drive the demand for this segment in the target market.
Enterprise Size:
• Small enterprises
• Large enterprises
Based on enterprise size, the large enterprise has the major revenue share in the AI governance market. This is due to large enterprises deploying AI governance in efficacy and sustaining performance with absolutely no significant loss.
Industry Vertical:
• Retail
• Healthcare and Life Sciences
• BFSI
• Government and Defense
• Automotive
• Media and Entertainment
• IT and Telecom
• Others
Based on the industry vertical, the BFSI segment has the largest market share in the AI governance market. This is owing to the increasingly dependent financial institutions on artificial intelligence as the major instrument for automating procedures and precision of improving customer service, projections, and forecasts. This is expected to drive the growth of the BFSI segment in the global market.
Competitive Analysis of AI Governance Market: IBM, Google, Facebook, AWS, Microsoft, Salesforce.com, SAP, FICO, 2021.AI, ZestFinance, SAS Institute, Pymetrics, H2O.AI, integrate.ai
Get free sample pages of the latest published AI Governance Market Report: https://www.cognitivemarketresearch.com/ai-governance-market-report
Regional Analysis:
North America accounted for the largest share of the AI governance market
North America has the largest revenue share in the AI governance market. This is due to the presence of large industries in the U.S., large purchasing power, and the government initiatives taken to promote innovation anticipated to boost the demand for the target market in the region.
AI Governance Market Industry News:
U.S.-India Artificial Intelligence Initiative has launched by the Indo-U.S. Science and Technology Forum.
In March 2021, the U.S.-India Artificial Intelligence Initiative has launched the Indo-U.S. Technology and Science Forum with the goal of developing AI innovation via the exchange of experiences and knowledge, the discovery of new opportunities for the advancement of AI research, and bilateral cooperation.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global AI Governance Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 AI Governance Market Segmentation
1.5.1 AI Governance Market Regional Fragmentation
1.5.1 AI Governance Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of AI Governance Market
• 3.1 Global AI Governance Market Size 2018 - 2030, (USD Million)
• 3.2 Global AI Governance Value, Absolute & Opportunity Analysis
• 3.3 Global AI Governance Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global AI Governance Market Statistics 2022: Snapshot
Chapter 4 Global AI Governance Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global AI Governance Market by Component Segmentation Analysis (2018-2030)
Chapter 10 Global AI Governance Market by Industry Vertical Segmentation Analysis (2018-2030)
Chapter 11 Global AI Governance Market by Deployment Mode Segmentation Analysis (2018-2030)
Chapter 12 Global AI Governance Market by Enterprise Size Segmentation Analysis (2018-2030)
Chapter 13 Global AI Governance Market Regional Analysis
Chapter 14 North America AI Governance Market Outlook (2018 - 2030)
Chapter 15 Europe AI Governance Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific AI Governance Market Outlook (2018 - 2030)
Chapter 17 Latin America AI Governance Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa AI Governance Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The AI Governance Market TOC click here: https://www.cognitivemarketresearch.com/ai-governance-market-report#table_of_contents
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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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