AI governance market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of AI Governance Market
The AI Governance market size was valued at USD 125.88 million in 2023, and the market is now projected to grow from USD 176.78 million in 2024 to USD 2291.49 million by 2032, exhibiting a CAGR of 37.7% during the forecast period of 2024-2032.
The COVID-19 widespread had a noteworthy affect on the market. The expanded dependence on AI innovations amid the widespread highlighted the need for vigorous administration components. Governments and organizations realized the significance of moral contemplations, straightforwardness, and responsibility in AI arrangement. The pandemic too uncovered the confinements and predispositions of AI frameworks. As AI advances were conveyed for errands related to the widespread, it got to be apparent that these systems are not resistant to predispositions and mistakes. This realization driven to expanded investigation and demand for dependable AI administration practices.
The developing demand for transparency and believe in AI systems may be a crucial driver for the advertise. Merchants within the advertise are progressively centering on progressions in AI, cloud arrangements, and administrations, joining machine learning calculations and deep learning frameworks. These variables are contributing to the fast development of the advertise. Organizations are effectively receiving these arrangements to guarantee the viable accomplishment of their trade objectives. For occurrence, Agreeing to a study conducted by the IBM Organized for Trade Esteem, the normal use on Artificial Intelligence (AI) is anticipated to rise over another three years. As the utilize of AI increases, so does the concern with respect to data responsibility.
The availability of verifiable datasets plays a significant part in driving the pace of artificial intelligence innovation. With the diminishing information capacity and recuperation costs, healthcare teach and government organizations produce tremendous sums of unstructured information that analysts can promptly access. These datasets cover numerous zones, including chronicled climate designs and therapeutic imaging. Besides, headways in next-generation computing designs enable information researchers and analysts to speed up development by giving broad access to expansive datasets. In addition, the advance made in profound learning and Artificial Neural Networks (ANN) significantly quicken the integration of AI over different businesses, including aviation, healthcare, manufacturing, and automotive.
Comprehensive Analysis Of AI Governance Market
Our investigate appears that the deployment is actualized on the cloud and on-premises. The cloud portion overwhelmed the market and is anticipated to record the most elevated CAGR all through the figure period owing to its a few preferences. By venture sort, the market is bifurcated into large enterprises and small & medium enterprises. The large enterprises section is anticipated to overwhelm the market due to their early appropriation of innovations, essentially Artificial Intelligence (AI), and the need for its administration. As per our ponder, the market has particular end-users, including healthcare, retail, IT & telecom, BFSI, automotive, media & amusement, manufacturing, and others. The retail fragment holds the most elevated share of the worldwide showcase as clients are progressively grasping computerized innovations, driving to changes in acquiring behaviors.
North America holds the most elevated share with a valuation of 47.917 million USD and has recently picked up noteworthy consideration and energy. Governments, administrative bodies, and industry partners within the region have recognized the need for arrangements and systems to address the moral and capable utilize of AI innovations.
Noticeable market players are effectively making progressed arrangements to cater to client demands. They are moreover centering on improving their existing item portfolios to convey adaptable arrangements with unique properties. Besides, these organizations are proactively seeking after collaborations, acquisitions, and organizations to support their product offerings. List of Key Companies Profiled are Microsoft Corporation (U.S.), SAP SE (Germany), H2O.ai, Inc. (U.S.), OneTrust, LLC (U.S.), IBM Corporation (U.S.), Salesforce.com, Inc. (U.S.), FICO (U.S.), Credo AI (U.S.), Informatica LLC (U.S.), Accenture (Ireland).
In between the month of December 2023, the company Meta and IBM propelled the AI Collusion in collaboration with more than 50 establishing individuals and workers around the world. Open development in AI benefits everybody and is created capably. The AI Union comprises a wide extend of organizations working in AI instruction, investigate, advancement & arrangement, and administration.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 37.7% from 2024 to 2032
Unit Value (USD Thousand)
Segmentation By Deployment
Cloud
On-premise
By Enterprise Type
Large Enterprises
Small & Medium Enterprises (SMEs)
By End-user
Healthcare
Retail
IT and Telecom
BFSI
Automotive
Media and Entertainment
Manufacturing
Others (Transportation, Education)
By Region
North America (By System Type, By End-user, and By Country)
- U.S. (By End-user)
- Canada (By End-user)
- Mexico (By End-user)
South America (By System Type, By End-user, and By Country)
- Brazil (By End-user)
- Argentina (By End-user)
- Rest of South America
Europe (By System Type, By End-user, and By Country)
- U.K. (By End-user)
- Germany (By End-user)
- France (By End-user)
- Italy (By End-user)
- Spain (By End-user)
- Russia (By End-user)
- Benelux (By End-user)
- Nordics (By End-user)
- Rest of Europe
Middle East & Africa (By System Type, By End-user, and By Country)
- Turkey (By End-user)
- Israel (By End-user)
- GCC (By End-user)
- North Africa (By End-user)
- South Africa (By End-user)
- Rest of Middle East & Africa
Asia Pacific (By System Type, By End-user, and By Country)
- China (By End-user)
- Japan (By End-user)
- India (By End-user)
- South Korea (By End-user)
- ASEAN (By End-user)
- Oceania (By End-user)
- Rest of Asia Pacific
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global AI Governance Key Players Market Share/Ranking, 2023
- 5. Global AI Governance Market Size Estimates and Forecasts, By Segments, 2019-2032
- 5.1. Key Findings
- 5.2. By Deployment (USD)
- 5.2.1. Cloud
- 5.2.2. On-premise
- 5.3. By Enterprise Type (USD)
- 5.3.1. Large Enterprises
- 5.3.2. Small and Medium Enterprises (SMEs)
- 5.4. By End-user (USD)
- 5.4.1. Healthcare
- 5.4.2. Retail
- 5.4.3. IT and Telecom
- 5.4.4. BFSI
- 5.4.5. Automotive
- 5.4.6. Media and Entertainment
- 5.4.7. Manufacturing
- 5.4.8. Others (Transportation, Education, etc.)
- 5.5. By Region (USD)
- 5.5.1. North America
- 5.5.2. South America
- 5.5.3. Europe
- 5.5.4. Middle East & Africa
- 5.5.5. Asia Pacific
- 6. North America AI Governance Market Size Estimates and Forecasts, By Segments, 2019-2032
- 6.1. Key Findings
- 6.2. By Deployment (USD)
- 6.2.1. Cloud
- 6.2.2. On-premise
- 6.3. By Enterprise Type (USD)
- 6.3.1. Large Enterprises
- 6.3.2. Small and Medium Enterprises (SMEs)
- 6.4. By End-user (USD)
- 6.4.1. Healthcare
- 6.4.2. Retail
- 6.4.3. IT and Telecom
- 6.4.4. BFSI
- 6.4.5. Automotive
- 6.4.6. Media and Entertainment
- 6.4.7. Manufacturing
- 6.4.8. Others (Transportation, Education, etc.)
- 6.5. By Country (USD)
- 6.5.1. United States
- 6.5.1.1. End-user
- 6.5.2. Canada
- 6.5.2.1. End-user
- 6.5.3. Mexico
- 6.5.3.1. End-user
- 7. South America AI Governance Market Size Estimates and Forecasts, By Segments, 2019-2032
- 7.1. Key Findings
- 7.2. By Deployment (USD)
- 7.2.1. Cloud
- 7.2.2. On-premise
- 7.3. By Enterprise Type (USD)
- 7.3.1. Large Enterprises
- 7.3.2. Small and Medium Enterprises (SMEs)
- 7.4. By End-user (USD)
- 7.4.1. Healthcare
- 7.4.2. Retail
- 7.4.3. IT and Telecom
- 7.4.4. BFSI
- 7.4.5. Automotive
- 7.4.6. Media and Entertainment
- 7.4.7. Manufacturing
- 7.4.8. Others (Transportation, Education, etc.)
- 7.5. By Country (USD)
- 7.5.1. Brazil
- 7.5.1.1. End-user
- 7.5.2. Argentina
- 7.5.2.1. End-user
- 7.5.3. Rest of South America
- 8. Europe AI Governance Market Size Estimates and Forecasts, By Segments, 2019-2032
- 8.1. Key Findings
- 8.2. By Deployment (USD)
- 8.2.1. Cloud
- 8.2.2. On-premise
- 8.3. By Enterprise Type (USD)
- 8.3.1. Large Enterprises
- 8.3.2. Small and Medium Enterprises (SMEs)
- 8.4. By End-user (USD)
- 8.4.1. Healthcare
- 8.4.2. Retail
- 8.4.3. IT and Telecom
- 8.4.4. BFSI
- 8.4.5. Automotive
- 8.4.6. Media and Entertainment
- 8.4.7. Manufacturing
- 8.4.8. Others (Transportation, Education, etc.)
- 8.5. By Country (USD)
- 8.5.1. United Kingdom
- 8.5.1.1. End-user
- 8.5.2. Germany
- 8.5.2.1. End-user
- 8.5.3. France
- 8.5.3.1. End-user
- 8.5.4. Italy
- 8.5.4.1. End-user
- 8.5.5. Spain
- 8.5.5.1. End-user
- 8.5.6. Russia
- 8.5.6.1. End-user
- 8.5.7. Benelux
- 8.5.7.1. End-user
- 8.5.8. Nordics
- 8.5.8.1. End-user
- 8.5.9. Rest of Europe
- 9. Middle East & Africa AI Governance Market Size Estimates and Forecasts, By Segments, 2019-2032
- 9.1. Key Findings
- 9.2. By Deployment (USD)
- 9.2.1. Cloud
- 9.2.2. On-premise
- 9.3. By Enterprise Type (USD)
- 9.3.1. Large Enterprises
- 9.3.2. Small and Medium Enterprises (SMEs)
- 9.4. By End-user (USD)
- 9.4.1. Healthcare
- 9.4.2. Retail
- 9.4.3. IT and Telecom
- 9.4.4. BFSI
- 9.4.5. Automotive
- 9.4.6. Media and Entertainment
- 9.4.7. Manufacturing
- 9.4.8. Others (Transportation, Education, etc.)
- 9.5. By Country (USD)
- 9.5.1. Turkey
- 9.5.1.1. End-user
- 9.5.2. Israel
- 9.5.2.1. End-user
- 9.5.3. GCC
- 9.5.3.1. End-user
- 9.5.4. North Africa
- 9.5.4.1. End-user
- 9.5.5. South Africa
- 9.5.5.1. End-user
- 9.5.6. Rest of MEA
- 10. Asia Pacific AI Governance Market Size Estimates and Forecasts, By Segments, 2019-2032
- 10.1. Key Findings
- 10.2. By Deployment(USD)
- 10.2.1. Cloud
- 10.2.2. On-premise
- 10.3. By Enterprise Type (USD)
- 10.3.1. Large Enterprises
- 10.3.2. Small and Medium Enterprises (SMEs)
- 10.4. By End-user (USD)
- 10.4.1. Healthcare
- 10.4.2. Retail
- 10.4.3. IT and Telecom
- 10.4.4. BFSI
- 10.4.5. Automotive
- 10.4.6. Media and Entertainment
- 10.4.7. Manufacturing
- 10.4.8. Others (Transportation, Education, etc.)
- 10.5. By Country (USD)
- 10.5.1. China
- 10.5.1.1. End-user
- 10.5.2. India
- 10.5.2.1. End-user
- 10.5.3. Japan
- 10.5.3.1. End-user
- 10.5.4. South Korea
- 10.5.4.1. End-user
- 10.5.5. ASEAN
- 10.5.5.1. End-user
- 10.5.6. Oceania
- 10.5.6.1. End-user
- 10.5.7. Rest of Asia Pacific
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Microsoft Corporation
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. IBM Corporation
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. SAP SE
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. FICO
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. H2O.ai, Inc.
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Informatica LLC
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. OneTrust, LLC
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. Accenture
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Salesforce.com, Inc.
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Credo AI
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
- 12. Key Takeaways
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