The market for AI governance was at US$ 0.12 billion in 2022. The size of the global AI governance market is anticipated to increase throughout the forecast period at a CAGR of 53.63%.
AI Governance Market Report Overview
MMR provides a brief description of AI Governance industry. It includes a detailed analysis of the ” AI Governance market ” that highlights standard topics and customizes the data as needed. This overview help investors to understand the situation in the AI Governance industry.
AI Governance Market Report Scope and Research Methodology
The AI Governance market report outlines the current and historical growth patterns of the market, along with the state of the market CAGR, market size, forecast and revenue share, and trends price. The AI Governance market report includes industry-specific challenges, lucrative opportunities, and technical advancements that help key players increase revenue and growth. The report covers current and future trends that are driving the development of the AI Governance market. The report includes the competitive landscape along with future technical and financial details of the AI Governance industry. Company profiles, capacity, manufacturing, price, cost, revenue and statistics are also included in the AI Governance market report along with their SWOT analysis including strengths, weaknesses, opportunities and threats. The bottom-up approach has been used to estimate the AI Governance market size by value and volume. All the information has been found by using primary and secondary research methods for the AI Governance market report.
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AI Governance Market Regional Insights
This section in the AI Governance market report includes a detailed analysis of all the regions including North America, Asia Pacific, Europe, South America and the Middle East and Africa with their key countries. An in-depth analysis of trends and AI Governance key players in each region with detailed information on their revenue and business is included in the report.
AI Governance Market Segmentation
by Component
• Solution
• Service
The AI Governance Market is divided into Solution and Service based on Component. In 2022, the solution segment’s market share was the highest. Due in part to growing user dependence and the demand for AI-based systems, the solution category is anticipated to expand quickly over the course of the projection period.
Platforms and software tools called AI Governance Solutions offer end-to-end AI governance solutions to business users, data scientists, IT architects, and AI developers across a range of sectors. Enterprises are now able to incorporate a range of AI and related capabilities into their applications thanks to this assistance with collaboration, building, and operating AI solutions. The service sector is still another.
by Vertical
• Automotive
• Government and Defense
• Healthcare and Life Sciences
• Media and Entertainment
• Retail
• Telecom
• Other
The market for AI governance is divided into categories based on vertical, including automotive, government and defense, healthcare and life sciences, media and entertainment, retail, telecom, and others.
The highest market share is held by automobiles, followed by the federal and military sectors. One of the areas where AI governance solutions are anticipated to be crucial is autonomous mobility. Over the course of the projected period, the market for autonomous transportation is anticipated to expand at a CAGR of 31.2%.
This market is also greatly influenced by the numerous self-driving car development programs that are now underway. By 2029, the self-driving market, which was estimated at US$ 22.97 billion in 2022, will have grown to US$ 54.73 billion. During the projected period, the self-driving market is anticipated to expand at a CAGR of 13.2%.
by Deployment Mode
• Cloud
• On Premise
by Enterprise Size
• Small and Medium Scale Enterprise
• Large Scale Enterprises
by Function
• Document Management
• Performance and Outcomes management
• Application Tracking
• Collaboration
• Grant Discovery
by Platform Type
• Well based
• Mobile based
AI Governance Market Key Competitors include
• IBM
• AWS
• SAP
• Google
• Facebook
• Microsoft
• Salesforce.com
• SAP
• FICO
• 2021.AI
• ZestFinance
• SAS Institute
• Pymetrics
• H2O.AI
• integrate.ai
• Alphabet Inc
• Amazon Web Services, Inc.
• QlikTech International AB TIBCO Software Inc.
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Key Offerings:
• Market Share, Size & Forecast by Revenue | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by Segment, sub-segments and Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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