Global AI Governance Market Size is estimated to expand rapidly in the coming years, at a CAGR of 45.8 % from 2018 to 2025. In 2017, the global market valuation was USD 0.85 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Increasing government projects to take advantage of AI technology and the need to build confidence in AI systems as well as the request for transparency in AI choices are some of the main variables which are supposed to boost the market growth.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global AI governance market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global AI governance market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Component Insights: On the basis of component, global AI governance market has been segmented into solution and services. During devices and operations linked to this, the services section performs an essential role in the software life cycle. These services include consultation, inclusion; help and servicing that are needed for AI management alternatives to be deployed, implemented and maintained. It helps to develop strategic and operational plans to identify effective ways to achieve business objectives.
By Vertical Insights: On the basis of vertical, global AI governance market has been segmented into BFSI, healthcare and life sciences, government and defense, telecom, retail, and automotive. Autonomous transportation is one of the automobile industries where AI governance alternatives should play an essential part, as autonomic vehicles can immediately result in the death of lives if they make mistakes in decision-making. As self-driving cars can therefore play an important part in lives and death choices, the AI governance option will be chosen as a significant adopter.
The AI governance market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
The biggest business volume on the world AI platform is anticipated in North America, while during the forecast period, Europe is projected to expand in the highest CAGR. In spite of embracing and creating AI governance alternatives, North America is anticipated to be the major region. Due to the AI governance, different advances are taking place in the European area, which is why Europe is expected to increase the most rapidly over the forecast period. Due to the increasing ethical problems in AI technology and the increasing need for legal framework building in order for the ML algorithm to be created for the better of humanity, the implementation of AI-enhanced facilities in the region is anticipated to expand.
Global AI Governance Market Size, Share Analysis by Region 2018
Global AI Governance Market Study Objective
1. To forecast the market size of AI governance market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of AI governance market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of AI governance market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of AI governance market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the AI governance market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
IBM, Google, Facebook, AWS, Microsoft, Salesforce.com, SAS Institute, SAP, FICO, 2021.AI, ZestFinance, Pymetrics, H2O.AI, and integrate.ai are some of the key players in the market of AI governance. These suppliers have embraced a variety of organic and inorganic growth strategy for further development in the worldwide AI governance industry, such as launch of fresh products, alliances and cooperation, and mergers and acquisitions.
Global AI Governance Market Study Report Offer You!
The global AI governance market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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