Global Artificial Intelligence (AI) Governance Market, By Component (Solutions, Services), Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), Function (Training, Inference) Deployment Type (On-Premises, Cloud, Hybrid), Vertical (BFSI, Healthcare and Life Sciences, Government and Defence, Media and Entertainment, Telecom, Retail, Automotive, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the artificial intelligence (AI) governance market will exhibit a CAGR of 54.11% for the forecast period of 2021-2028 and is expected to reach the market value of USD 2,412.989 million by 2028.
Artificial intelligence (AI) governance is the idea that a legislative framework should be in place to ensure that machine learning (ML) techniques are thoroughly researched and developed in order to enable mankind operate in a reasonable manner through the use of AI systems. Artificial intelligence (AI) governance aims to bridge the gap between the technical growth and accountability by addressing the issues such as the right to be notified and possible violations.
Rise in the government initiatives to leverage artificial intelligence technology benefits is the driving factor that will influence the market growth rate. Furthermore, surge in the need for building trust in artificial intelligence systems and rising demand for transparency in artificial intelligence decisions are the major factors accelerating growth of the artificial intelligence (AI) governance market. Also, rise in the compliance with regulations around technology will enhance the market growth.
Moreover, reduction of gender bias and discrimination by using artificial intelligence will boost the beneficial opportunities for the artificial intelligence (AI) governance market growth.
However, establishment of the comprehensive ethical principles for artificial intelligence and high cost involved in the investment will hamper the artificial intelligence (AI) governance market growth. Also, insufficient expertise and skills in artificial intelligence will challenge the growth of the artificial intelligence (AI) governance market.
This artificial intelligence (AI) governance market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on artificial intelligence (AI) governance market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Artificial Intelligence (AI) Governance Market Scope and Market Size
The artificial intelligence (AI) governance market is segmented on the basis of component, technology, function, deployment type and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the artificial intelligence (AI) governance market is segmented into solutions and services. Solutions have been further sub-segmented into platforms and software tools. Services have been further sub-segmented into consulting, integration, support and maintenance.
- On the basis of technology, the artificial intelligence (AI) governance market is segmented into computer vision, machine learning, natural language processing and others.
- On the basis of function, the artificial intelligence (AI) governance market is segmented into training and inference.
- On the basis of deployment type, the artificial intelligence (AI) governance market is segmented into on-premises, cloud and hybrid.
- On the basis of vertical, the artificial intelligence (AI) governance market is segmented into BFSI, healthcare and life sciences, government and defence, media and entertainment, telecom, retail, automotive and others.
Artificial Intelligence (AI) Governance Market Country Level Analysis
The artificial intelligence (AI) governance market is analysed and market size, volume information is provided by country, component, technology, function, deployment type and vertical as referenced above.
The countries covered in the artificial intelligence (AI) governance market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the artificial intelligence (AI) governance market and will continue to flourish its trend of dominance during the forecast period due to the rise in the number of collaborations, well-established economies and presence of major IT players in this region. Europe will register the highest CAGR for this period due to the adoption of artificial intelligence (AI) powered services.
The country section of the artificial intelligence (AI) governance market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Artificial Intelligence (AI) Governance Market Share Analysis
The artificial intelligence (AI) governance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to artificial intelligence (AI) governance market.
The major players covered in the artificial intelligence (AI) governance market report are SAP Software company, IBM, Google, Microsoft, Facebook, FICO, Amazon.com, Inc., Salesforce, Fair Isaac Corporation, BoardBookit, Inc., Intel Corporation, NVIDIA Corporation, Anki, AIBrain Inc., Appier Inc., SenseTime, Kindred, Inc., OrCam and Apple Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Artificial Intelligence (AI) Governance Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.