Press release
AI Governance Global Market Set to Reach $0.42 Billion in 2025 with A CAGR of 45.5%: Key Focus on Transparency and Trust in AI Systems
AI Governance Market Size
What Is The Projected Market Size Of The AI Governance Global Market And Its Growth Rate?
The AI governance market has experienced significant growth in recent years:
- The market size grew from $0.29 billion in 2024 to an estimated $0.42 billion in 2025, displaying a compelling compound annual growth rate (CAGR) of 45.5%.
- This growth is mainly attributed to the growing demand for transparency and trust in AI systems, coupled with easy accessibility to historical datasets and data storage convenience, and a growing interest in ethical hacking and penetration testing.
- Projections for the coming years also point to a clear upward trend, with the market size predicted to surge to $1.85 billion in 2029, at a sustained CAGR of 44.6%.
- Major factors pushing this growth include expanding government initiatives to leverage AI technology and a surge in the use of AI in the retail sector.
What Is Driving The Growth In The AI Governance Global Market?
Government initiatives form a significant driver propelling the advancement of the artificial intelligence (AI) governance market. These initiatives provide crucial frameworks and guidance for the effective development and use of AI technologies, ensuring societal benefits while minimizing associated risks and potential harms. One such initiative is the Pan-Canadian artificial intelligence program's second phase, led by the Canada-based Ministry of Innovation, Science, and Industry in June 2023. This key rollout is backed by substantial investment surpassing US$ 443 million, demonstrating the government's keen interest in integrating and commercializing AI across various sectors of the country's economy. As such, these amplified government initiatives leveraging AI technology are key drivers in the growth of the AI governance market.
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Who Are The Key Players Driving AI Governance Global Market Growth?
Major companies operating in the AI governance market include:
- Amazon.com Inc.
- Alphabet Inc.
- Google LLC
- Microsoft Corporation
- Robert Bosch GmbH
- International Business Machines Corporation
- Oracle Corporation
- SAP SE
- ABB Ltd.
- Tata Consultancy Services Limited
- DXC Technology Company, Atos S.E.
- McAfee Corp., AVEVA Group plc
- TIBCO Software Inc.
- Hexaware Technologies Limited
- QlikTech International AB
- Altair Engineering Inc.
- Scale AI Inc.
- Arthur
- MOSTLY AI
- Protopia AI
- Impact AI
- H2O.ai
- Credo.AI Corp.
What Are The Key Trends In The AI Governance Global Market?
Key trends observed in the AI Governance Global Market include:
- Advancements in artificial intelligence
- Developments in enterprise AI lifecycle management platforms
- The push towards building ethical AI platforms
- Product innovations
- The rise of hybrid cloud management solutions
What Are The Segments Of The AI Governance Global Market?
The AI governance market is segmented as follows:
- By Component: Solution, Services
- By Deployment Type: On-Premises, Cloud
- By Organization Size: Large Entreprises, Small And Medium-Sized Enterprises(SMEs)
- By Vertical: Banking, Financial Services, And Insurance(BFSI), Government And Defense, Healthcare And Life Sciences, Media And Entertainment, Retail, Information Technology And Telecommunication, Automotive, Others Verticals
Which Region Leads The AI Governance Global Market?
North America led the AI governance market in size in 2024. The market report also covers other regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The AI Governance Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the AI Governance Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the AI Governance Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall AI Governance Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the AI Governance Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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