Press release
AI Governance Market to hit USD 2.48 Bn by 2029 at a CAGR 53.63 Percent, Global Industry Analysis by Type, Industry, Region, and Forecast
The AI Governance Market was valued at USD 0.12 Bn in 2022, and it is expected to grow at USD 2.48 Bn in 2029, at a CAGR of 53.63 percent through the forecast period.AI Governance Market Report Scope and Research Methodology
The report provides a comprehensive analysis of the market size, market share, market drivers, market challenges, market opportunities, market segmentation by component and vertical, and regional insights. The report scope includes a detailed study of AI Governance Market with the involvement of various factors impacting the market, including drivers, restraints, opportunities, and challenges.
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The research methodology used for calculating the market size includes primary and secondary research data. The primary data includes surveys, interviews, and insights of industry experts, while the secondary data sources include company websites, annual reports, press releases, and investor presentations.
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AI Governance Market Dynamics
The main drivers of the AI governance market are the growing need to build trust in AI systems and the demand for transparency in AI decisions worldwide. AI governance providers are focusing on advancing AI, cloud solutions, and services by adding machine learning algorithms and deep learning frameworks.
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AI governance solutions allow developers to develop and monitor ML algorithms and train with relevant data to avoid unwanted results. Deploying AI governance solutions is the only option for AI solution providers to prevent unexplained AI reputation, finance, and data loss. In addition, ethical AI can help prevent gender gaps and discrimination issues caused by black-box AI in a variety of areas, including recruitment processes and facial recognition.
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AI Governance Market Regional Insights
The North American region is one of the early adopters of AI technology and is expected to grow fast through the forecast period.
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AI Governance Market Segmentation
By Component:
• Solution
• Service
By Vertical:
• Automotive
• Government and Defense
• Healthcare and Life Sciences
• Media and Entertainment
• Retail
• Telecom
• Other
By Deployment Mode:
• Cloud
• On Premise
By Enterprise Size:
• Small and Medium Scale Enterprise
• Large Scale Enterprises
By Function:
• Document Management
• Performance and Outcomes management
• Application Tracking
• Collaboration
• Grant Discovery
By Platform Type:
• Well based
• Mobile based
AI Governance Market Key Competitors include:
• IBM
• AWS
• SAP
• Microsoft
• Salesforce.com
• SAP
• FICO
• 2021.AI
• ZestFinance
• SAS Institute
• Pymetrics
• H2O.AI
• integrate.ai
• Alphabet Inc
• Amazon Web Services, Inc.
• QlikTech International AB TIBCO Software Inc.
Table of Content for AI Governance Market
Global AI Governance Market: Research Methodology
Global AI Governance Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global AI Governance Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global AI Governance Market Segmentation
Global Market, by Component (2021-2029)
Global Market, by Vertical (2021-2029)
Global Market, by Deployment Mode (2021-2029)
Global Market, by Enterprise Size (2021-2029)
Global Market, by Function (2021-2029)
Global Market, by Platform Type (2021-2029)
Regional AI Governance Market (2021-2029)
Regional Market, by Component (2021-2029)
Regional Market, by Vertical (2021-2029)
Regional Market, by Deployment Mode (2021-2029)
Regional Market, by Enterprise Size (2021-2029)
Regional Market, by Function (2021-2029)
Regional Market, by Platform Type (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Component, Vertical, Deployment Mode, Enterprise Size, Function, and Platform Type
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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