Press release
AI Model Risk Management Market Expected to Reach $19,036.19 Million by 2032, Growing at a CAGR of 12.8%
AI Model Risk Management Market
๐๐๐ซ๐ค๐๐ญ ๐๐๐๐ข๐ง๐ข๐ญ๐ข๐จ๐ง:
Model risk management involves monitoring the risks that come from the possible negative outcomes of decisions made using inaccurate or misapplied models. The goal of model risk management is to utilize methods and procedures to recognize, quantify, and reduce model risks.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/ai-model-risk-management-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
โข Incorporating AI into robotics and automation in manufacturing requires strong risk management to ensure the safety, efficiency, and reliability of automated systems, thereby driving market expansion.
โข The extensive utilization of AI technologies to improve various aspects of online retail has been brought about by the rapid growth of e-commerce, fueled by rising internet penetration and shifting consumer behavior.
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
Because there are so many companies in the market, it is expected to be both competitive and fragmented. Here is the list of the leading companies operating in the AI model risk management market:
โข Alteryx
โข AWS
โข C3 AI
โข DataBricks
โข Google
โข H2O.ai
โข IBM
โข iManage
โข LogicGate
โข LogicManager
โข MathWorks
โข Microsoft
โข ModelOp
โข SAS Institute
โข UpGuard
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/ai-model-risk-management-market/request-for-discount-pricing
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
By Offering Outlook:
โข Software by Type
โข Model Management
โข Bias Detection
โข Explainable AI Tools
โข Others
โข Software by Deployment Mode
โข Cloud
โข On-Premises
โข Services
โข Professional Services
โข Consulting and Advisory
โข Managed Services
โข Others
By Risk Type Outlook:
โข Security Risk
โข Ethical Risk
โข Operational Risk
By Application Outlook:
โข Fraud Detection and Risk Reduction
โข Data Classification and Labelling
โข Sentiment Analysis
โข Model Inventory Management
โข Customer Segmentation and Targeting
โข Regulatory Compliance Monitoring
โข Other Applications
The AI model risk management market is mainly segmented based on offering, risk type, application, vertical, and region. Based on application analysis, the largest market share was held by the fraud detection and risk reduction segment in 2023. The e-commerce industry, along with financial services and various other industries, has seen a substantial rise in online transactions, resulting in higher vulnerability towards fraudulent behaviors.
Furthermore, according to the vertical analysis, the healthcare and life science segment is anticipated to be the fastest-growing market. The incorporation and implementation of AI in healthcare and life sciences are transforming diagnostics, treatment planning, drug discovery, and patient care with outstanding precision and effectiveness.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐:
https://www.polarismarketresearch.com/industry-analysis/ai-model-risk-management-market/inquire-before-buying
๐๐ ๐๐จ๐๐๐ฅ ๐๐ข๐ฌ๐ค ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โข In 2024, the fraud detection and risk reduction segment accounted for the largest revenue share in the AI model risk management market due to its critical role in safeguarding financial transactions and maintaining regulatory compliance.
โข The healthcare and life science segment is growing at the highest CAGR due to the increasing adoption of AI for diagnostics, personalized medicine, and treatment planning, coupled with the high stakes of ensuring accuracy and compliance in patient care.
โข In 2024, North America accounted for the largest market share in the AI model risk management market due to the region's advanced technological infrastructure, high adoption rates of AI across various industries, and stringent regulatory frameworks promoting robust risk management practices.
โข Asia Pacific is expected to register a significant CAGR during the forecast period due to the rapid digital transformation, substantial government investments in AI technologies, and increasing adoption of AI across diverse industries.
โข The global key market players include Alteryx, AWS, C3 AI, DataBricks, Google, H2O.ai, IBM, iManage, LogicGate, LogicManager, MathWorks, Microsoft, ModelOp, SAS Institute, and UpGuard.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
North America Robot Operating System Market:
https://www.polarismarketresearch.com/industry-analysis/north-america-robot-operating-system-market
Palletizer Market:
https://www.polarismarketresearch.com/industry-analysis/palletizer-market
Sustainable Manufacturing Market:
https://www.polarismarketresearch.com/industry-analysis/sustainable-manufacturing-market
Robotic Palletizer Market:
https://www.polarismarketresearch.com/industry-analysis/robotic-palletizer-market
Industrial Filtration Market:
https://www.polarismarketresearch.com/industry-analysis/industrial-filtration-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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