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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) – Industry Trends and Forecast to 2029
Various industries can use AI governance to develop online and offline capabilities such as real-time offer management, automated checkout systems, and improved behaviour analytics. The demand for AI governance from data science applications has also increased significantly in recent years, owing to its use in data governance, process optimization, training, and other areas.
Data Bridge Market Research analyses that the artificial intelligence (AI) governance market which was growing at a value of 564.3 million in 2021 and is expected to reach the value of USD 25,857.41 million by 2029, at a CAGR of 61.30% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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, South Africa, Egypt, Israel, 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
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Market Players Covered
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IBM Corporation (U.S.), Microsoft (U.S.), Siemens AG (Germany), ANSYS, Inc (U.S.), SAP SE (Germany), Oracle (U.S.), Robert Bosch GmbH (Germany), Swim.ai, Inc. (U.S.)., Atos S.E. (France), ABB (Switzerland), KELLTON TECH (India), AVEVA Group plc (U.K.), DXC Technology Company (U.S.), Altair Engineering, Inc (U.S.), Hexaware Technologies Limited (India), Tata Consultancy Services Limited (India), Infosys Limited (Bengaluru), NTT DATA, Inc. (Japan), TIBCO Software Inc. (U.S.)
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Opportunities
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Market Definition
Artificial intelligence (AI) governance is the idea that a legal framework should be in place to ensure that machine learning (ML) techniques are thoroughly researched and developed in order for mankind to operate in a reasonable manner through the use of AI systems. Artificial intelligence (AI) governance seeks to bridge the gap between technological advancement and accountability by addressing issues such as notification rights and potential violations.
Drivers
The increasing need for building trust in AI systems and rising demand for transparency in AI decisions around the world is driving the AI Governance market. AI governance vendors are more focused on advancements in AI, cloud solutions and services by incorporating machine learning algorithms and deep learning frameworks. Such major factors are propelling the AI governance market forward. The AI governance market is expanding due to the continuous development and implementation of AI governance solutions to identify the most effective way to achieve business goals.
The availability of historical datasets is a critical factor driving the rate of AI innovation. Now that data storage and recovery are more affordable, healthcare institutions and government agencies are producing unstructured data that is accessible to the research domain. Large datasets ranging from historical rainfall trends to clinical imaging are now available to researchers. Next-generation computing architectures enable information scientists and researchers to innovate more quickly by providing access to large datasets. Furthermore, advances in deep learning and ANN (Artificial Neural Networks) have accelerated AI adoption across a wide range of industries, including aerospace, healthcare, manufacturing, and automotive.
Opportunity
Increased compliance with technology regulations will boost market growth. Furthermore, the use of artificial intelligence to reduce gender bias and discrimination will increase the beneficial opportunities for the growth of the artificial intelligence (AI) governance market.
Restraints
However, the establishment of comprehensive ethical principles for artificial intelligence and the high cost of investment will impede the growth of the artificial intelligence (AI) governance market. In addition, a lack of artificial intelligence expertise and skills will impede 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 localized 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, geographic expansions, technological innovations in the market. To gain more info on the 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.
Remote working presents productivity challenges as well as new security risks during the COVID-19 crisis. To combat and anticipate the new COVID-19 crises, various industries such as healthcare, automotive, and others require the assistance of advanced technologies such as Internet of Things (IoT), Artificial Intelligence (AI), Big Data, and Analytics. Healthcare sectors desperately need decision-making technologies to handle the COVID-19 virus and provide appropriate recommendations in real-time to prevent its spread. AI is one such technology that can easily track the spread of the COVID-19 virus, identify high-risk patients, and aid in real-time infection control. As a result, the AI governance market is expected to grow 2.5X from 2019 to 2020, with a surge in demand during the COVID-19 outbreak, as increasing adoption in the healthcare industry becomes the new norm. Furthermore, the overall AI governance market is expected to grow at a rapid pace beginning in Q1 2021.
Recent Development
The artificial intelligence (AI) governance market is segmented on the basis of component, technology, function, deployment type and vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
Technology
Function
Deployment type
Vertical
The artificial intelligence (AI) governance market is analysed and market size insights and trends are 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, South Africa, Egypt, Israel, 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.
Europe is expected to grow at the fastest rate during the forecast period due to the various developments occurring in the European region as a result of AI governance. The region's adoption of AI-powered services is expected to grow as a result of the growing ethical issues surrounding AI technology and the growing need to create a legal framework to ensure that the ML algorithm is developed for the good of humanity.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
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.
Some of the major players operating in the artificial intelligence (AI) governance market are:
SKU-
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL ARTIFICIAL INTELLIGENCE (AI) GOVERNANCE MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL ARTIFICIAL INTELLIGENCE (AI) GOVERNANCE MARKET
2.3 VENDOR POSITIONING GRID
2.4 TECHNOLOGY LIFE LINE CURVE
2.5 MARKET GUIDE
2.6 MULTIVARIATE MODELLING
2.7 TOP TO BOTTOM ANALYSIS
2.8 STANDARDS OF MEASUREMENT
2.9 VENDOR SHARE ANALYSIS
2.1 DATA POINTS FROM KEY PRIMARY INTERVIEWS
2.11 DATA POINTS FROM KEY SECONDARY DATABASES
2.12 ARTIFICIAL INTELLIGENCE (AI) GOVERNANCE MARKET: RESEARCH SNAPSHOT
2.13 ASSUMPTIONS
3 MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 REGULATORY STANDARDS AND PROTOCOLS
5.3 TECHNOLOGICAL TRENDS
5.4 VALUE CHAIN ANALYSIS
5.5 COMPANY COMPARITIVE ANALYSIS
5.6 CASE STUDY
5.7 PATENT ANALYSIS
6 GLOBAL ARTIFICIAL INTELLIGENCE (AI) GOVERNANCE MARKET, BY OFFERING
6.1 OVERVIEW
6.2 SOLUTION
6.3 SERVICES
6.3.1 DEPLOYMENT & INTEGRATION
6.3.2 TRAINING & CONSULTING
6.3.3 SUPPORT & MAINTENANCE
7 GLOBAL ARTIFICIAL INTELLIGENCE (AI) GOVERNANCE MARKET, BY DEPLOYMENT MODEL
7.1 OVERVIEW
7.2 CLOUD
7.2.1 BY TYPE
7.2.1.1. PUBLIC
7.2.1.2. PRIVATE
7.3 ON-PREMISE
7.4 HYBRID
8 GLOBAL ARTIFICIAL INTELLIGENCE (AI) GOVERNANCE MARKET, BY ENTERPRISE SIZE
8.1 OVERVIEW
8.2 LARGE ENTERPRISES
8.2.1 BY DEPLOYMENT MODEL
8.2.1.1. CLOUD
8.2.1.2. ON PREMISE
8.2.1.3. HYBRID
8.3 SMALL & MEDIUM ENTERPRISES
8.3.1 BY DEPLOYMENT MODEL
8.3.1.1. CLOUD
8.3.1.2. ON PREMISE
8.3.1.3. HYBRID
9 GLOBAL ARTIFICIAL INTELLIGENCE (AI) GOVERNANCE MARKET, BY END USER
9.1 OVERVIEW
9.2 BANKING, FINANCIAL SERVICES AND INSURANCE (BFSI)
9.2.1 BY OFFERING
9.2.1.1. SOLUTION
9.2.1.2. SERVICES
9.3 IT AND TELECOMMUNICATION
9.3.1 BY OFFERING
9.3.1.1. SOLUTION
9.3.1.2. SERVICES
9.3.2 BY OFFERING
9.3.2.1. SOLUTION
9.3.2.2. SERVICES
9.4 HEALTHCARE AND LIFESCIENCES
9.4.1 BY OFFERING
9.4.1.1. SOLUTION
9.4.1.2. SERVICES
9.5 AUTOMOTIVE
9.5.1 BY OFFERING
9.5.1.1. SOLUTION
9.5.1.2. SERVICES
9.6 MANUFACTURING
9.6.1 BY OFFERING
9.6.1.1. SOLUTION
9.6.1.2. SERVICES
9.7 ENERGY AND UTILITIES
9.7.1 BY OFFERING
9.7.1.1. SOLUTION
9.7.1.2. SERVICES
9.8 MEDIA AND ENTERTAINMENT
9.8.1 BY OFFERING
9.8.1.1. SOLUTION
9.8.1.2. SERVICES
9.9 RETAIL
9.9.1 BY OFFERING
9.9.1.1. SOLUTION
9.9.1.2. SERVICES
9.1 TRANSPORTATION
9.10.1 BY OFFERING
9.10.1.1. SOLUTION
9.10.1.2. SERVICES
9.11 EDUCATION
9.11.1 BY OFFERING
9.11.1.1. SOLUTION
9.11.1.2. SERVICES
9.12 OTHERS
10 GLOBAL ARTIFICIAL INTELLIGENCE (AI) GOVERNANCE MARKET, BY REGION
GLOBAL ARTIFICIAL INTELLIGENCE (AI) GOVERNANCE MARKET, (ALL SEGMENTATION PROVIDED ABOVE IS REPRESENTED IN THIS CHAPTER BY COUNTRY)
10.1 NORTH AMERICA
10.1.1 U.S.
10.1.2 CANADA
10.1.3 MEXICO
10.2 EUROPE
10.2.1 GERMANY
10.2.2 FRANCE
10.2.3 U.K.
10.2.4 ITALY
10.2.5 SPAIN
10.2.6 RUSSIA
10.2.7 TURKEY
10.2.8 BELGIUM
10.2.9 NETHERLANDS
10.2.10 SWITZERLAND
10.2.11 SWEDEN
10.2.12 DENMARK
10.2.13 POLAND
10.2.14 REST OF EUROPE
10.3 ASIA PACIFIC
10.3.1 JAPAN
10.3.2 CHINA
10.3.3 SOUTH KOREA
10.3.4 INDIA
10.3.5 AUSTRALIA AND NEW ZEALAND
10.3.6 SINGAPORE
10.3.7 THAILAND
10.3.8 MALAYSIA
10.3.9 INDONESIA
10.3.10 PHILIPPINES
10.3.11 TAIWAN
10.3.12 VIETNAM
10.3.13 REST OF ASIA PACIFIC
10.4 SOUTH AMERICA
10.4.1 BRAZIL
10.4.2 ARGENTINA
10.4.3 REST OF SOUTH AMERICA
10.5 MIDDLE EAST AND AFRICA
10.5.1 SOUTH AFRICA
10.5.2 EGYPT
10.5.3 SAUDI ARABIA
10.5.4 U.A.E
10.5.5 ISRAEL
10.5.6 KUWAIT
10.5.7 QATAR
10.5.8 REST OF MIDDLE EAST AND AFRICA
10.6 KEY PRIMARY INSIGHTS: BY MAJOR COUNTRIES
11 GLOBAL ARTIFICIAL INTELLIGENCE (AI) GOVERNANCE MARKET, COMPANY LANDSCAPE
11.1 COMPANY SHARE ANALYSIS: GLOBAL
11.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
11.3 COMPANY SHARE ANALYSIS: EUROPE
11.4 COMPANY SHARE ANALYSIS: ASIA PACIFIC
11.5 MERGERS & ACQUISITIONS
11.6 NEW PRODUCT DEVELOPMENT & APPROVALS
11.7 EXPANSIONS
11.8 REGULATORY CHANGES
11.9 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
12 GLOBAL ARTIFICIAL INTELLIGENCE (AI) GOVERNANCE MARKET, SWOT ANALYSIS
13 GLOBAL ARTIFICIAL INTELLIGENCE (AI) GOVERNANCE MARKET, COMPANY PROFILE
13.1 AMAZON WEB SERVICES (AWS)
13.1.1 COMPANY SNAPSHOT
13.1.2 REVENUE ANALYSIS
13.1.3 PRODUCT PORTFOLIO
13.1.4 RECENT DEVELOPMENTS
13.2 ALPHABET INC.
13.2.1 COMPANY SNAPSHOT
13.2.2 REVENUE ANALYSIS
13.2.3 PRODUCT PORTFOLIO
13.2.4 RECENT DEVELOPMENTS
13.3 MICROSOFT
13.3.1 COMPANY SNAPSHOT
13.3.2 REVENUE ANALYSIS
13.3.3 PRODUCT PORTFOLIO
13.3.4 RECENT DEVELOPMENTS
13.4 IBM CORPORATION
13.4.1 COMPANY SNAPSHOT
13.4.2 REVENUE ANALYSIS
13.4.3 PRODUCT PORTFOLIO
13.4.4 RECENT DEVELOPMENTS
13.5 QLIKTECH INTERNATIONAL AB
13.5.1 COMPANY SNAPSHOT
13.5.2 REVENUE ANALYSIS
13.5.3 PRODUCT PORTFOLIO
13.5.4 RECENT DEVELOPMENTS
13.6 SALESFORCE
13.6.1 COMPANY SNAPSHOT
13.6.2 REVENUE ANALYSIS
13.6.3 PRODUCT PORTFOLIO
13.6.4 RECENT DEVELOPMENTS
13.7 SAP SE
13.7.1 COMPANY SNAPSHOT
13.7.2 REVENUE ANALYSIS
13.7.3 PRODUCT PORTFOLIO
13.7.4 RECENT DEVELOPMENTS
13.8 SAS INSTITUTE INC.
13.8.1 COMPANY SNAPSHOT
13.8.2 REVENUE ANALYSIS
13.8.3 PRODUCT PORTFOLIO
13.8.4 RECENT DEVELOPMENTS
13.9 KYNDI INC.
13.9.1 COMPANY SNAPSHOT
13.9.2 REVENUE ANALYSIS
13.9.3 PRODUCT PORTFOLIO
13.9.4 RECENT DEVELOPMENTS
13.1 INFORMATICA INC.
13.10.1 COMPANY SNAPSHOT
13.10.2 REVENUE ANALYSIS
13.10.3 PRODUCT PORTFOLIO
13.10.4 RECENT DEVELOPMENTS
13.11 ATACAMMA
13.11.1 COMPANY SNAPSHOT
13.11.2 REVENUE ANALYSIS
13.11.3 PRODUCT PORTFOLIO
13.11.4 RECENT DEVELOPMENTS
13.12 COPYLEAKS
13.12.1 COMPANY SNAPSHOT
13.12.2 REVENUE ANALYSIS
13.12.3 PRODUCT PORTFOLIO
13.12.4 RECENT DEVELOPMENTS
13.13 DATAROBOT, INC.
13.13.1 COMPANY SNAPSHOT
13.13.2 REVENUE ANALYSIS
13.13.3 PRODUCT PORTFOLIO
13.13.4 RECENT DEVELOPMENTS
13.14 FICO
13.14.1 COMPANY SNAPSHOT
13.14.2 REVENUE ANALYSIS
13.14.3 PRODUCT PORTFOLIO
13.14.4 RECENT DEVELOPMENTS
13.15 FACEBOOK, INC. (META PLATFORMS INC.)
13.15.1 COMPANY SNAPSHOT
13.15.2 REVENUE ANALYSIS
13.15.3 PRODUCT PORTFOLIO
13.15.4 RECENT DEVELOPMENTS
13.16 CREDO AI
13.16.1 COMPANY SNAPSHOT
13.16.2 REVENUE ANALYSIS
13.16.3 PRODUCT PORTFOLIO
13.16.4 RECENT DEVELOPMENTS
13.17 ONETRUST, LLC
13.17.1 COMPANY SNAPSHOT
13.17.2 REVENUE ANALYSIS
13.17.3 PRODUCT PORTFOLIO
13.17.4 RECENT DEVELOPMENTS
13.18 H2O.AI
13.18.1 COMPANY SNAPSHOT
13.18.2 REVENUE ANALYSIS
13.18.3 PRODUCT PORTFOLIO
13.18.4 RECENT DEVELOPMENTS
13.19 ONETRUST, LLC.
13.19.1 COMPANY SNAPSHOT
13.19.2 REVENUE ANALYSIS
13.19.3 PRODUCT PORTFOLIO
13.19.4 RECENT DEVELOPMENTS
NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
14 RELATED REPORTS
15 QUESTIONNAIRE
16 ABOUT DATA BRIDGE MARKET RESEARCH
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The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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