Global Explainable AI Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2023 to 2030

List of Tables

The global demand for Explainable AI Market is presumed to reach the market size of nearly USD 28.41 BN by 2030 from USD 6 BN in 2022 with a CAGR of 21.45% under the study period 2023 - 2030.

Explainable AI (XAI) refers to the capability of AI systems to provide understandable explanations or justifications for their decisions, predictions, or actions in a human-understandable manner. It aims to make the reasoning behind AI models transparent and interpretable, allowing users to comprehend how and why the AI arrived at a particular output.

MARKET DYNAMICS:

The explainable AI market is burgeoning due to various compelling factors. Heightened concerns about AI fairness, biases, and regulatory compliance drive the need for transparent and interpretable AI systems. Ethical considerations, coupled with regulations like GDPR, emphasize the significance of accountable AI models, spurring the demand for XAI. Enhanced trust is pivotal for AI adoption. XAI addresses this by offering explanations for AI decisions instilling confidence among users, stakeholders, and regulatory bodies. Industries relying on AI in critical applications, such as healthcare diagnostics, finance, and autonomous vehicles, seek explainable AI to understand and trust the decision-making process in these high-stakes scenarios. Moreover, it facilitates collaboration between AI systems and human experts, leveraging interpretable explanations for informed decision-making. It plays a pivotal role in identifying and mitigating biases within AI models, ensuring fairness and equity in outcomes. Businesses also see XAI as a tool for competitive advantage, providing insights into AI-generated predictions while aiding in risk assessment and decision-making processes. These factors collectively drive the expansion and adoption of explainable AI across diverse industries and applications.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of explainable ai. The growth and trends of explainable ai industry provide a holistic approach to this study.

MARKET SEGMENTATION:

This section of the explainable ai market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Offering

Solutions (Solution By Type, Solution By Deployment Mode)
Services (Consulting Services, Deployment And Integration Services, Training And Education Services, Post-Implementation Support, Data Science Advisory Services, Ai/Ml Research, Ai/Ml Enabled Services, Data Engineering Services)

By Software Type

Standalone Software
Integrated Software
Automated Reporting Tools
Interactive Model Visualization

By Methods

Model-Agnostic Methods
Model-Specific Methods

By Vertical

BFSI
Retail & E-Commerce
IT/TeS
Healthcare & Life Science
Goverment & Public Sector
Media & Entertainment
Manufacturing
Energy & Utilities
Telecommunications
Other Verticals

REGIONAL ANALYSIS:

This section covers the regional outlook, which accentuates current and future demand for the Explainable AI market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Explainable AI market include Microsoft (US), IBM (US), Google (US), Salesforce (US), Intel Corporation (US), NVIDIA(US), SAS Institute (US). Alteryx(US), AWS(US), Equifax(US), FICO(US), Temenos(Switzerland), Mphasis (India), C3.AI(US), H2O.ai(US), Fiddler (US), Zest AI(US), Seldon(London). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR112112899

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . EXPLAINABLE AI - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Offering
- 3.7.2 Market Attractiveness Analysis By Software Type
- 3.7.3 Market Attractiveness Analysis By Methods
- 3.7.4 Market Attractiveness Analysis By Vertical
- 3.7.5 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . GLOBAL EXPLAINABLE AI MARKET ANALYSIS BY OFFERING

5.1 Overview by Offering
5.2 Historical and Forecast Data
5.3 Analysis by Offering
5.4 Solutions (Solution By Type, Solution By Deployment Mode) Historic and Forecast Sales by Regions
5.5 Services (Consulting Services, Deployment And Integration Services, Training And Education Services, Post-Implementation Support, Data Science Advisory Services, Ai/Ml Research, Ai/Ml Enabled Services, Data Engineering Services) Historic and Forecast Sales by Regions

6 . GLOBAL EXPLAINABLE AI MARKET ANALYSIS BY SOFTWARE TYPE

6.1 Overview by Software Type
6.2 Historical and Forecast Data
6.3 Analysis by Software Type
6.4 Standalone Software Historic and Forecast Sales by Regions
6.5 Integrated Software Historic and Forecast Sales by Regions
6.6 Automated Reporting Tools Historic and Forecast Sales by Regions
6.7 Interactive Model Visualization Historic and Forecast Sales by Regions

7 . GLOBAL EXPLAINABLE AI MARKET ANALYSIS BY METHODS

7.1 Overview by Methods
7.2 Historical and Forecast Data
7.3 Analysis by Methods
7.4 Model-Agnostic Methods Historic and Forecast Sales by Regions
7.5 Model-Specific Methods Historic and Forecast Sales by Regions

8 . GLOBAL EXPLAINABLE AI MARKET ANALYSIS BY VERTICAL

8.1 Overview by Vertical
8.2 Historical and Forecast Data
8.3 Analysis by Vertical
8.4 BFSI Historic and Forecast Sales by Regions
8.5 Retail & E-Commerce Historic and Forecast Sales by Regions
8.6 IT/TeS Historic and Forecast Sales by Regions
8.7 Healthcare & Life Science Historic and Forecast Sales by Regions
8.8 Goverment & Public Sector Historic and Forecast Sales by Regions
8.9 Media & Entertainment Historic and Forecast Sales by Regions
8.10. Manufacturing Historic and Forecast Sales by Regions
8.11 Energy & Utilities Historic and Forecast Sales by Regions
8.12 Telecommunications Historic and Forecast Sales by Regions
8.13 Other Historic and Forecast Sales by Regions

9 . GLOBAL EXPLAINABLE AI MARKET ANALYSIS BY GEOGRAPHY

9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
- 9.3.1. Overview, Historic and Forecast Data Sales Analysis
- 9.3.2. North America By Segment Sales Analysis
- 9.3.3. North America By Country Sales Analysis
- 9.3.4. United State Sales Analysis
- 9.3.5. Canada Sales Analysis
- 9.3.6. Mexico Sales Analysis
9.4. Europe Sales Analysis
- 9.4.1. Overview, Historic and Forecast Data Sales Analysis
- 9.4.2. Europe by Segment Sales Analysis
- 9.4.3. Europe by Country Sales Analysis
- 9.4.4. United Kingdom Sales Analysis
- 9.4.5. France Sales Analysis
- 9.4.6. Germany Sales Analysis
- 9.4.7. Italy Sales Analysis
- 9.4.8. Russia Sales Analysis
- 9.4.9. Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
- 9.5.1. Overview, Historic and Forecast Data Sales Analysis
- 9.5.2. Asia Pacific by Segment Sales Analysis
- 9.5.3. Asia Pacific by Country Sales Analysis
- 9.5.4. China Sales Analysis
- 9.5.5. India Sales Analysis
- 9.5.6. Japan Sales Analysis
- 9.5.7. South Korea Sales Analysis
- 9.5.8. Australia Sales Analysis
- 9.5.9. South East Asia Sales Analysis
- 9.5.10. Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
- 9.6.1. Overview, Historic and Forecast Data Sales Analysis
- 9.6.2. Latin America by Segment Sales Analysis
- 9.6.3. Latin America by Country Sales Analysis
- 9.6.4. Brazil Sales Analysis
- 9.6.5. Argentina Sales Analysis
- 9.6.6. Peru Sales Analysis
- 9.6.7. Chile Sales Analysis
- 9.6.8. Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
- 9.7.1. Overview, Historic and Forecast Data Sales Analysis
- 9.7.2. Middle East & Africa by Segment Sales Analysis
- 9.7.3. Middle East & Africa by Country Sales Analysis
- 9.7.4. Saudi Arabia Sales Analysis
- 9.7.5. UAE Sales Analysis
- 9.7.6. Israel Sales Analysis
- 9.7.7. South Africa Sales Analysis
- 9.7.8. Rest Of Middle East And Africa Sales Analysis

10 . COMPETITIVE LANDSCAPE OF THE EXPLAINABLE AI COMPANIES

10.1. Explainable Ai Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments

11 . COMPANY PROFILES OF EXPLAINABLE AI INDUSTRY

11.1. Company Share Analysis
11.2. Market Concentration Rate
11.3. Microsoft (US)
- 11.3.1. Company Overview
- 11.3.2. Company Revenue
- 11.3.3. Products
- 11.3.4. Recent Developments
11.4. IBM (US)
- 11.4.1. Company Overview
- 11.4.2. Company Revenue
- 11.4.3. Products
- 11.4.4. Recent Developments
11.5. Google (US)
- 11.5.1. Company Overview
- 11.5.2. Company Revenue
- 11.5.3. Products
- 11.5.4. Recent Developments
11.6. Salesforce (US)
- 11.6.1. Company Overview
- 11.6.2. Company Revenue
- 11.6.3. Products
- 11.6.4. Recent Developments
11.7. Intel Corporation (US)
- 11.7.1. Company Overview
- 11.7.2. Company Revenue
- 11.7.3. Products
- 11.7.4. Recent Developments
11.8. NVIDIA(US)
- 11.8.1. Company Overview
- 11.8.2. Company Revenue
- 11.8.3. Products
- 11.8.4. Recent Developments
11.9. SAS Institute (US)
- 11.9.1. Company Overview
- 11.9.2. Company Revenue
- 11.9.3. Products
- 11.9.4. Recent Developments
11.10. Alteryx(US)
- 11.10.1. Company Overview
- 11.10.2. Company Revenue
- 11.10.3. Products
- 11.10.4. Recent Developments
11.11. AWS(US)
- 11.11.1. Company Overview
- 11.11.2. Company Revenue
- 11.11.3. Products
- 11.11.4. Recent Developments
11.12. Equifax(US)
- 11.12.1. Company Overview
- 11.12.2. Company Revenue
- 11.12.3. Products
- 11.12.4. Recent Developments
11.13. FICO(US)
- 11.13.1. Company Overview
- 11.13.2. Company Revenue
- 11.13.3. Products
- 11.13.4. Recent Developments
11.14. Temenos(Switzerland)
- 11.14.1. Company Overview
- 11.14.2. Company Revenue
- 11.14.3. Products
- 11.14.4. Recent Developments
11.15. Mphasis (India)
- 11.15.1. Company Overview
- 11.15.2. Company Revenue
- 11.15.3. Products
- 11.15.4. Recent Developments
11.16. C3.AI(US)
- 11.16.1. Company Overview
- 11.16.2. Company Revenue
- 11.16.3. Products
- 11.16.4. Recent Developments
11.17. H2O.ai(US)
- 11.17.1. Company Overview
- 11.17.2. Company Revenue
- 11.17.3. Products
- 11.17.4. Recent Developments
11.18. Fiddler (US)
- 11.18.1. Company Overview
- 11.18.2. Company Revenue
- 11.18.3. Products
- 11.18.4. Recent Developments
11.19. Zest AI(US)
- 11.19.1. Company Overview
- 11.19.2. Company Revenue
- 11.19.3. Products
- 11.19.4. Recent Developments
11.20. Seldon(London)
- 11.20.1. Company Overview
- 11.20.2. Company Revenue
- 11.20.3. Products
- 11.20.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies