Ai governance market is projected to register a moderate 44.3% cagr in the forecast period.
- 1. AI Governance Market worth $316 million by 2025
- 2. Scope of The Report By Component The research report categorizes the AI Governance Market to forecast the revenues and analyse the trends in each of the following subsegments: • Component o Solutions Platform Software Tools o Services Consulting Integration Support and Maintenance By Vertical • BFSI • Government and Defense • Healthcare and Life Sciences • Media and Entertainment • Retail • Telecom • Automotive • Others And More…
- 3. Key Segments The services segment plays an integral part in the software life cycle while im plementing platforms and executing activities related to it. The increasing government initiatives to leverage the benefits of AI technology and increasing need for building trust in AI systems and growing demand for tr ansparency in AI decisions are some of the major factors that are expected to drive the growth of this market. Autonomous transportation is one of the areas in the automotive vertical where the AI governance solutions are expected to be playing a major role because if autonomous vehicle makes a mistake in decision making it can directly lead to the loss of life. 1 2 3 4 5 Self-driving cars can have major role in making life and death-related decisions, they are expected to become major adopter of AI governance solution. The AI governance solution refers to the platform and software tools, which provides e nd-to-end AI governance solutions to AI developers, data scientists, business users, a nd IT architects across different verticals.
- 4. Market Growth Rate 2020 2025 Market Size of $ 51 million Market Size of $ 316 million44.3% CAGR
- 5. Key Vendors • IBM (US) • Google (US) • Facebook (US) • AWS (US) • Microsoft (US) • And More Major Players View Report Here - https://www.marketsandmarkets.com/Market-Reports/ ai-governance-market-176187291.html
- 6. Major Regions • North America • Europe • APAC • MEA • Latin America North America is expected to hold the largest market share. Asia Pacific (APAC) is expected to pr ovide opportunities for debt collectio n software providers and grow at the highest CAGR
- 7. Key Questions Addressed by the Report 1. What are the current trends that are driving the AI governance market? 2. Where will all these developments take the industry in the mid to long term? 3. Who are the top vendors in the market, and what is their competitive analysis? 4. What are the key driving factors and challenges impacting the market? 5. Which region is at the forefront of various initiatives that would increase the adoption of AI governance solutions?
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