The Explainable AI Market size is estimated at USD 8.63 billion in 2024, and is expected to reach USD 21.19 billion by 2029, growing at a CAGR of 19.69% during the forecast period (2024-2029).
The XAI market is semi-consolidated, with a few prominent players such as IBM Corporation, Microsoft Corporation, Amelia US LLC, Google LLC, and Arthur.ai. To increase market share, corporations continually spend on strategic partnerships or acquisitions and solution and services development. The following are some recent market developments:
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