AI Governance Market worth $316 million by 2025
Scope of The Report The research report categorizes the AI Governance Market to forecast the revenues and analyse the trends in each of the following subsegments:
By Vertical
By Component •
Component o Solutions Platform Software Tools o Services Consulting Integration Support and Maintenance
• • • • • • • •
BFSI Government and Defense Healthcare and Life Sciences Media and Entertainment Retail Telecom Automotive Others
And More…
Key Segments 1
The AI governance solution refers to the platform and software tools, which provides end-to-end AI governance solutions to AI developers, data scientists, business users, and IT architects across different verticals. Autonomous transportation is one of the areas in the automotive vertical where the AI governance solutions are expected to be playing a major role because if autonomous vehicle makes a mistake in decision making it can directly lead to the loss of life.
2 3 4 5
The services segment plays an integral part in the software life cycle while implementing platforms and executing activities related to it. The increasing government initiatives to leverage the benefits of AI technology and increasing need for building trust in AI systems and growing demand for transparency in AI decisions are some of the major factors that are expected to drive the growth of this market.
Self-driving cars can have major role in making life and death-related decisions, they are expected to become major adopter of AI governance solution.
Market Growth Rate 2020
Market Size of $ 51 million
CAGR
44.3%
2025
Market Size of $ 316 million
Key Vendors Major Players • IBM (US) • Google (US) • Facebook (US) • AWS (US) • Microsoft (US) • And More
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Major Regions • North America • Europe • APAC • MEA • Latin America North America is expected to hold the largest market share. Asia Pacific (APAC) is expected to provide opportunities for debt collection software providers and grow at the highest CAGR
Key Questions Addressed by the Report 1. 2. 3. 4. 5.
What are the current trends that are driving the AI governance market? Where will all these developments take the industry in the mid to long term? Who are the top vendors in the market, and what is their competitive analysis? What are the key driving factors and challenges impacting the market? Which region is at the forefront of various initiatives that would increase the adoption of AI governance solutions?
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