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Explainable AI Market Update Report 2024 | Industry Trends, Demand, Leading Companies and Segmentation till 2032

11-14-2024 09:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Explainable AI Market Update Report 2024 | Industry Trends,

Explainable AI market is anticipated to grow at a CAGR of 20.9% during the forecast period (2024-2031). The Explainable AI (XAI) market is experiencing substantial growth driven by the regulatory requirements for transparency in AI decision-making, the widespread adoption of AI in different industries, technological advancements, and increasing public awareness. Ethical AI guidelines emphasize fairness, accountability, and transparency, which necessitate the use of explainable AI techniques. Technological advancements like SHAP and LIME are driving the development of more interpretable models, while the integration of XAI solutions with existing systems facilitates easier adoption and implementation for organizations.

Get Free Sample link @ https://www.omrglobal.com/request-sample/explainable-ai-market

The high AI adoption in telecommunications and network optimization driving XAI adoption owing to sector-specific demand for transparent, interpretable solutions. In February 2024, Ericsson launched Explainable AI in Cognitive Software to accelerate AI adoption in network optimization. The new capabilities enable a shorter time to value from AI-based solutions, improving efficiency in RAN optimization. The solutions rely on AI models trained on diverse global data sets and can be retrained locally for fast deployment.

full report of Explainable AI Market available @ https://www.omrglobal.com/industry-reports/explainable-ai-market

Market Coverage
Market number available for - 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Global Explainable AI Market Report Segment                                                                             

By Component

Solutions
Services

By Deployment Mode

Cloud
On-Premises

By Methods

Model-Agnostic Methods
Model-Specific Methods

By End-User

Healthcare
BFSI
Aerospace & Defense
Retail and E-commerce
Public Sector & Utilities
IT & Telecommunication
Automotive
Others (Government and Defense, and Telecommunications)

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global explainable AI market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/explainable-ai-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 780-304-0404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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