PUBLISHER: The Business Research Company | PRODUCT CODE: 1948166
PUBLISHER: The Business Research Company | PRODUCT CODE: 1948166
Responsible AI governance consulting refers to a set of professional services designed to assist organizations in establishing, maintaining and evolving ethical, compliant and risk-mitigated frameworks for the development and deployment of artificial intelligence (AI) systems. These services are utilized by public and private sector organizations across various industries such as finance, healthcare, government, automotive and technology.
The responsible AI governance consulting market consists of sales by entities (organizations, sole traders and partnerships) of responsible AI governance consulting services that are typically sought during AI system planning, deployment, scaling, or regulatory response phases-essentially, whenever AI initiatives have potential ethical, legal, or operational risks.
The global responsible AI governance consulting market reached a value of nearly $291.76 million in 2024, having grown at a compound annual growth rate (CAGR) of 48.12% since 2019. The market is expected to grow from $291.76 million in 2024 to $1,837.96 million in 2029 at a rate of 44.50%. The market is then expected to grow at a CAGR of 42.58% from 2029 and reach $10,831.70 million in 2034.
Increasing Deployment Of Generative AI Tools By Organizations
During the historic period, the responsible AI governance consulting market was driven by the increasing deployment of generative AI tools by organizations. As organizations accelerated adoption of advanced AI models to support productivity, automation, content generation and decision-making, they simultaneously faced heightened risks relating to bias, hallucinations, privacy violations, intellectual-property exposure and regulatory noncompliance. Generative AI tools introduced new operational complexities such as opaque model behavior, uncontrolled data flows and difficulty validating the accuracy of outputs, all of which required formal governance structures to manage responsibly. For instance, in 2024, according to the Nextgov/FCW, a US-based news publication focused on Federal technology and cybersecurity, the number of documented AI use cases across 11 federal agencies grew from 571 in 2023 to 1,110 in 2024 (a 94.4% increase), showing rapid expansion of AI deployment. Therefore, the responsible AI governance consulting market was mainly driven by the increasing deployment of generative AI tools by organizations.
Advancement Of AI Governance With Automated Audit And Monitoring Frameworks
Major companies in the responsible AI governance consulting market are focusing on the advancement of automated audit and monitoring frameworks to support continuous oversight of AI-systems throughout their lifecycle. These initiatives aim to embed real-time monitoring dashboards, audit trails, risk alerts and automated workflow triggers that flag model drift, bias, vendor misuse and governance gaps. For example, in May 2025, KPMG, a UK-based professional services firm, launched its new AI Trust solution suite built on the ServiceNow platform to help enterprises automate AI governance workflows at scale. The suite includes automated model inventory creation, end-to-end risk assessments, policy compliance validation and integrated monitoring dashboards to continuously track governance status across AI deployments. It also provides automated alerting for model drift and policy violations, enabling companies to maintain real-time visibility into AI risks.
The global responsible AI governance consulting market is fragmented, with large number of small players operating in the market. The top 10 competitors in the market made up 23.12% of the total market in 2024.
Responsible AI Governance Consulting Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the responsible AI governance consulting market as it emerges from the COVID-19 shut down.
Where is the largest and fastest-growing market for responsible AI governance consulting? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The responsible AI governance consulting market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider responsible AI governance consulting market; and compares it with other markets.
Introduction And Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by services, by enterprise size and by industry.