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PUBLISHER: Grand View Research | PRODUCT CODE: 1301190
PUBLISHER: Grand View Research | PRODUCT CODE: 1301190
AI Governance Market Size, Share & Trends Analysis Report By Component (Solution, Services), By Deployment (On-Premises, Cloud), By Organizational Size (Large Enterprise, SMEs), By Vertical, By Region, And Segment Forecasts, 2023 - 2030
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PAGES: 100 Pages
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AI Governance Market Growths & Trends
The global AI governance market size is projected to reach USD 1,418.3 million by 2030, according to a study conducted by Grand View Research, Inc., recording a 35.6% CAGR during the forecast period. Owing to the increasing benefits of Al, businesses, and governments across the globe are beginning projects to adopt artificial intelligence (Al) and machine learning (ML) technologies and establish themselves as market leaders. To embrace Al governance solutions, government organizations from many nations are creating councils, new rules and regulations, and frameworks. The main goals of governments using Al governance solutions are to increase public trust in Al technology and to preserve private information and civil rights. Additionally, several businesses have established committees in partnership with suppliers of Al solutions, academic institutions, and research centers to identify risk issues for Al technology.
Cloud providers progressively implement ethical norms and principles to ensure AI workloads, which are developed and utilized responsibly. Cloud providers work with governing bodies, regulatory agencies, and other organizations to create AI governance frameworks. These collaborations pool knowledge from several fields to create comprehensive and efficient AI governance frameworks. For instance, In February 2022, Virtana announced the creation of a platform for managing hybrid cloud installations that use machine learning, artificial intelligence, and data analytics. With this platform's observability, customers can manage app workloads in private, public, multi-cloud, and hybrid environments.
Explainability and transparency are critical components of AI governance in healthcare. Healthcare professionals and patients must comprehend how AI algorithms function to enhance patient care. Healthcare AI governance frameworks strongly emphasize the requirement for concise and open explanations of AI algorithms' operation. All medical technologies are developed by businesses or through public-private partnerships. IoT has several applications in healthcare and can improve physician treatment delivery while keeping patients healthy and safe. As a result, there is an increase in demand for Al governance in healthcare, which is projected to fuel the growth of the segment in the future.
North America is one of the early adopters of AI technologies and is predicted to generate substantial prospects for industry growth. For instance, the U.S. national plan has recommended the creation of an AI research & development and implementation framework to assist organizations in integrating ethical considerations into the R&D while maintaining public engagement and better organization marketing. Additionally, the American government is actively implementing AI governance measures. Following the Department of Defense's AI strategy aims, the government announced adopting AI ethical standards, easing the moral and legal use of AI systems by the U.S. military and related companies.
AI Governance Market Report Highlights
- The global market is forecasted to expand at a CAGR of 35.6% over the forecast period
- Based on vertical, the government and defense segment dominated the market for AI governance in 2022
- Healthcare facilities across the globe are utilizing AI systems to identify diseases through a patient's voice or a chest x-ray. Several nations have also proposed surveillance systems to track the person-to-person spread of several viruses. From Asia to Europe, several organizations from the public & private sectors have joined forces to track the spread of the various viruses using AI-based technology
- The solutions segment is anticipated to expand throughout the projected time frame for several reasons, including increasing user adoption for AI-based systems, growing dependency, among others
- Prominent players in the market include ABB, DXC Technology Company, IBM, Infosys, Microsoft, NTT Data, Oracle, SAP SE, Siemens, Tata Communication Services (TCS), TIBCO
Product Code: GVR-4-68040-081-0
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information Analysis
- 1.3.2 Market Formulation & Data Visualization
- 1.3.3 Data Validation & Publishing
- 1.4 Research Scope And Assumptions
- 1.4.1 List Of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 AI Governance Market Variables And Trends
- 3.1 Market Lineage Outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Industry Value ChAIn Analysis
- 3.4 Market Dynamics
- 3.4.1 Market Driver Impact Analysis
- 3.4.1.1 Rising Demand In The Governmental Efforts To Use AI Technologies.
- 3.4.1.2 Increased Regulatory Compliances In The Technology Sector.
- 3.4.2 Market RestrAInt Impact Analysis
- 3.4.2.1 Lack Of AI Expertise And Skilled Workforce
- 3.4.3 Industry Challenges
- 3.4.4 Industry Opportunities
- 3.4.1 Market Driver Impact Analysis
- 3.5 Industry Analysis Tools
- 3.5.1 Porter's Analysis
- 3.5.2 Macroeconomic Analysis
- 3.6 Covid-19 Impact Analysis
Chapter 4 AI Governance Market: Component Estimates & Trend Analysis
- 4.1 Component Movement Analysis & Market Share, 2022 & 2030
- 4.2 AI Governance Market Estimates And Forecast, By Component (Usd Million)
- 4.2.1 Solution
- 4.2.2 Services
Chapter 5 AI Governance Market: Deployment Type Estimates & Trend Analysis
- 5.1 Deployment Type Movement Analysis & Market Share, 2022 & 2030
- 5.2 AI Governance Market Estimates And Forecast, By Deployment Type (Usd Million)
- 5.2.1 Cloud
- 5.2.2 On-Premises
Chapter 6 AI Governance Market: Organization Size Estimates & Trend Analysis
- 6.1 Organization Size Movement Analysis & Market Share, 2022 & 2030
- 6.2 AI Governance Market Estimates And Forecast, By Organization Size (Usd Million)
- 6.2.1 Large Enterprise
- 6.2.2 Smes
Chapter 7 AI Governance Market: Vertical Estimates & Trend Analysis
- 7.1 Vertical Movement Analysis & Market Share, 2022 & 2030
- 7.2 AI Governance Market Estimates And Forecast, By Vertical (Usd Million)
- 7.2.1 BFSI
- 7.2.2 Government And Defense
- 7.2.3 Healthcare And Lifesciences
- 7.2.4 Media And EntertAInment
- 7.2.5 Retail
- 7.2.6 It And Telecommunication
- 7.2.7 Automotive
- 7.2.8 Others
Chapter 8 AI Governance Market: Regional Outlook Estimates & Trend Analysis
- 8.1 AI Governance Market: Regional Outlook
- 8.2 North America
- 8.2.1 North America AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.2.2 U.S.
- 8.2.2.1 U.S. AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.2.3 Canada
- 8.2.3.1 Canada AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.3 Europe
- 8.3.1 Europe AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.3.2 Germany
- 8.3.2.1 Germany. AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.3.3 U.K.
- 8.3.3.1 U.K. AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.3.4 France
- 8.3.4.1 France AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.4.2 China
- 8.4.2.1 China AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.4.3 Japan
- 8.4.3.1 Japan AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.4.4 India
- 8.4.4.1 India AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.4.5 South Korea
- 8.4.5.1 South Korea AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.4.6 Australia
- 8.4.6.1 Australia AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.5 Latin America
- 8.5.1 Latin America AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.5.2 Brazil
- 8.5.2.1 Brazil AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.5.3 Mexico
- 8.5.3.1 Mexico AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.6 MEA
- 8.6.1 MEA AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.6.2 Kingdom Of Saudi Arabia
- 8.6.2.1 Kingdom Of Saudi Arabia AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.6.3 UAE
- 8.6.3.1 UAE AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 8.6.4 South Africa
- 8.6.4.1 South Africa AI Governance Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 9 AI Governance Market - Competitive Landscape
- 9.1 Recent Developments & Impact Analysis, By Key Market Participants
- 9.2 Company Categorization
- 9.3 Participant's Overview
- 9.4 Financial Performance
- 9.5 Product Benchmarking
- 9.6 Company Market Share Analysis, 2022
- 9.7 Company Heat Map Analysis
- 9.8 Strategy Mapping
- 9.8.1 Expansion
- 9.8.2 Mergers & Acquisition
- 9.8.3 Partenerships & Collaborations
- 9.8.4 New Product Launches
Product Code: GVR-4-68040-081-0
List of Tables
- Table 1 Industry snapshot & key buying criteria, 2017 - 2030
- Table 2 Global AI Governance market, 2017 - 2030 (USD Million)
- Table 3 Global AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 4 Global AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 5 Global AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 6 Global AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 7 Global AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 8 Key market driver impact
- Table 9 Key market restraint impact
- Table 10 Solution AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 11 Services AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 12 On-Premises AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 13 Cloud AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 14 Large Enterprise AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 15 SMEs AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 16 BFSI AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 17 Government and Defense AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 18 Healthcare and lifesciences AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 19 Media and Entertainment AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 20 Retail AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 21 IT and Telecommunication AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 22 Automotive AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 23 Others AI Governance market, by region, 2017 - 2030 (USD Million)
- Table 24 North America AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 25 North America AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 26 North America AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 27 North America AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 28 U.S. AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 29 U.S. AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 30 U.S. AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 31 U.S. AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 32 Canada AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 33 Canada AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 34 Canada AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 35 Canada AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 36 Europe AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 37 Europe AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 38 Europe AI Governance market, by organization size , 2017 - 2030 (USD Million)
- Table 39 Europe AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 40 U.K. AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 41 U.K. AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 42 U.K. AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 43 U.K. AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 44 Germany AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 45 Germany AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 46 Germany AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 47 Germany AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 48 France AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 49 France AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 50 France AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 51 France AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 52 Asia Pacific AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 53 Asia Pacific AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 54 Asia Pacific AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 55 Asia Pacific AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 56 China AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 57 China AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 58 China AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 59 China AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 60 Japan AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 61 Japan AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 62 Japan AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 63 Japan AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 64 India AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 65 India AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 66 India AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 67 India AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 68 South Korea AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 69 South Korea AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 70 South Korea AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 71 South Korea AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 72 Australia AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 73 Australia AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 74 Australia AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 75 Australia AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 76 Latin America AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 77 Latin America AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 78 Latin America AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 79 Latin America AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 80 Mexico AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 81 Mexico AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 82 Mexico AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 83 Mexico AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 84 Brazil AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 85 Brazil AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 86 Brazil AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 87 Brazil AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 88 MEA AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 89 MEA AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 90 MEA AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 91 MEA AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 92 Kingdom of Saudi Arabia (KSA) AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 93 Kingdom of Saudi Arabia (KSA) AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 94 Kingdom of Saudi Arabia (KSA) AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 95 Kingdom of Saudi Arabia (KSA) AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 96 UAE AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 97 UAE AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 98 UAE AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 99 UAE AI Governance market, by vertical, 2017 - 2030 (USD Million)
- Table 100 South Africa AI Governance market, by component, 2017 - 2030 (USD Million)
- Table 101 South Africa AI Governance market, by deployment type, 2017 - 2030 (USD Million)
- Table 102 South Africa AI Governance market, by organization size, 2017 - 2030 (USD Million)
- Table 103 South Africa AI Governance market, by vertical, 2017 - 2030 (USD Million)
List of Figures
- Fig. 1 Research process
- Fig. 2 Market formulation
- Fig. 3 AI Governance market segmentation
- Fig. 4 Market Size (USD Million), 2017 - 2030
- Fig. 5 Value chain analysis
- Fig. 6 Market dynamics
- Fig. 7 Penetration and key opportunities mapping, 2030
- Fig. 8 AI Governance market share by component, 2022 & 2030
- Fig. 9 AI Governance market share by deployment type, 2022 & 2030
- Fig. 10 AI Governance market share by organization size, 2022 & 2030
- Fig. 11 AI Governance market share by vertical, 2022 & 2030
- Fig. 12 Regional marketplace: Key takeaways
- Fig. 13 North America AI Governance market - Key takeaways
- Fig. 14 Europe AI Governance market - Key takeaways
- Fig. 15 Asia Pacific AI Governance market - Key takeaways
- Fig. 16 Latin America AI Governance market - Key takeaways
- Fig. 17 Middle East & Africa (MEA) AI Governance market - Key takeaways
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