Unlocking Human-AI Collaboration: How Explainable AI Is Leading the Way | Major Companies are Kyndi, Alphabet, Inc., IBM Corporation, Microsoft Corporation.

Global Explainable AI Market reached US$ 5.2 Billion in 2023 and is expected to reach US$ 22.1 Billion by 2031, growing with a CAGR of 20.2% during the forecast period 2024-2031.

The Explainable AI Market takes center stage in DataM Intelligence's latest comprehensive research, where industry experts deliver cutting-edge analysis powered by robust data analytics and strategic market intelligence. This groundbreaking study dives deep into the competitive ecosystem, spotlighting market leaders and their innovative approaches to product development, competitive pricing models, financial performance, and expansion strategies. The research unveils critical market forces, competitive positioning, and breakthrough trends that will define the industry's trajectory in the coming years, providing stakeholders with actionable intelligence to navigate this rapidly evolving marketplace.

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The Explainable AI (XAI) Market refers to technologies, frameworks, and tools that make AI models more transparent, understandable, and interpretable to human users. XAI addresses the "black box" problem in AI by offering insights into how decisions are made, fostering trust and compliance in industries like healthcare, finance, and defense.

Recent Trends and Developments & News:

Growing regulatory push for AI transparency (EU AI Act, U.S. AI Bill of Rights).

Rising demand from finance and healthcare sectors for explainable models.

Surge in development of open-source XAI frameworks (e.g., LIME, SHAP).

Integration of XAI into generative AI systems and large language models (LLMs).

Increased investment in academic and commercial XAI research for trustworthy AI.

Explainable AI Market: Industry Giants and Emerging Leaders:

Kyndi, Alphabet, Inc., IBM Corporation, Microsoft Corporation, Amelia US LLC, BuildGroup, DataRobot, Inc., Ditto AI Ltd, DarwinAI and Factmata.

Explainable AI Industry News:

On September 6, 2023, Temenos launched a Generative AI solution for banks, leveraging Generative Artificial Intelligence (AI) to automatically classify customers' banking transactions. This categorization enables banks to offer personalized insights and recommendations, enhancing digital banking experiences. It also helps foster customer loyalty by presenting more relevant products and offers, thereby improving engagement and user satisfaction.

Research Methodology

Our comprehensive research approach leverages a dual-methodology framework that seamlessly integrates qualitative insights with quantitative data analysis to deliver robust market intelligence. The process begins with extensive secondary research, where we meticulously collect information from authoritative industry publications, proprietary databases, and verified market sources. This foundation is strengthened through targeted primary research initiatives, including strategic surveys and in-depth interviews with industry veterans, market experts, and key stakeholders.

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Segment Covered in the Explainable AI Market:

By Offering: Solution, Services.

By Deployment: Cloud, On-premises.

By Organization Size: Small and Medium-sized Enterprises, Large Enterprises.

By Technology: Machine Learning (ML), Natural Language Processing (NLP), Computer Vision, Big Data Analytics, Others.

By Application; Fraud and Anomaly Detection, Drug Discovery and Diagnostics, Predictive Maintenance, Supply Chain Management, Identity and Access Management, Others.

By End-User: Healthcare, BFSI, Aerospace and Defense, Retail and E-commerce, Public Sector and Utilities, IT and Telecommunication, Automotive, Others.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Top-down and bottom-up approach for regional analysis

Regional Analysis for Explainable AI Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)



Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Explainable AI market?

➠ Who are the global key manufacturers of the Explainable AI Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Explainable AI market opportunities and threats faced by the vendors in the global Explainable AI Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Explainable AI market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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