AI Model Risk Management Market Expected to Reach $19,036.19 Million by 2032, Growing at a CAGR of 12.8%

The AI model risk management market size was valued at USD 5,703.02 million in 2024. It is projected to grow to USD 19,036.19 million by 2034, exhibiting a compound annual growth rate (CAGR) of 12.8% from 2025 to 2034.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧:
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.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/ai-model-risk-management-market/request-for-sample

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

• 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.

• 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.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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:

• Alteryx
• AWS
• C3 AI
• DataBricks
• Google
• H2O.ai
• IBM
• iManage
• LogicGate
• LogicManager
• MathWorks
• Microsoft
• ModelOp
• SAS Institute
• UpGuard

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/ai-model-risk-management-market/request-for-discount-pricing

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
By Offering Outlook:
• Software by Type
• Model Management
• Bias Detection
• Explainable AI Tools
• Others
• Software by Deployment Mode
• Cloud
• On-Premises
• Services
• Professional Services
• Consulting and Advisory
• Managed Services
• Others

By Risk Type Outlook:
• Security Risk
• Ethical Risk
• Operational Risk

By Application Outlook:
• Fraud Detection and Risk Reduction
• Data Classification and Labelling
• Sentiment Analysis
• Model Inventory Management
• Customer Segmentation and Targeting
• Regulatory Compliance Monitoring
• 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.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/ai-model-risk-management-market/inquire-before-buying

𝐀𝐈 𝐌𝐨𝐝𝐞𝐥 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

• 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.

• 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.

• 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.

• 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.
• 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.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:
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

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:
Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
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This release was published on openPR.