PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1677765
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1677765
AI Governance Market Introduction and Overview
According to SPER market research, 'AI Governance Market Size- By Component, By Deployment Mode, By Enterprise Size, By Industry Vertical - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global AI Governance Market is predicted to reach 4908.68 million by 2034 with a CAGR of 35.95%.
AI governance is a set of policies, concepts, and practices aimed to assure the ethical, transparent, and responsible development, deployment, and usage of artificial intelligence technologies. It includes a wide range of factors, such as data privacy, algorithmic fairness, accountability, and adherence to legal and regulatory norms. Effective AI governance attempts to reduce risks such as bias, discrimination, and exploitation of AI while also increasing trust and societal benefits.
Restraints: A significant obstacle is the lack of defined standards and globally acknowledged frameworks, which make it difficult for firms to develop consistent governance processes. The rapid rate of AI progress frequently exceeds regulators' ability to formulate complete policies, resulting in gaps in supervision. Furthermore, mitigating prejudice and guaranteeing fairness in AI systems remain difficult challenges due to the opaque nature of some machine learning algorithms, also known as "black box" models.
Scope of the Report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Component, By Deployment Mode, By Enterprise Size, By Industry Vertical.
Regions covered
North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.
Companies Covered
Atos SE, Dataiku, FICO Inc, Google LLC (Alphabet Inc), H2O.ai Inc, Informatica Inc, International Business Machines Corporation, NTT DATA Corporation (Nippon Telegraph and Telephone Corporation), SAP SE, SAS Institute Inc. and others.
AI Governance Market Segmentation:
By Component: Based on the Component, Global AI Governance Market is segmented as; Solutions, Services.
By Deployment Mode: Based on the Deployment Mode, Global AI Governance Market is segmented as; On-Premises, Cloud-Based.
By Enterprise Size: Based on the Enterprise Size, Global AI Governance Market is segmented as; Large Enterprises, Small and Medium a€" Sized Enterprises (SMEs).
By Industry Vertical: Based on the Industry Vertical, Global AI Governance Market is segmented as; BFSI, Government and Defense, Healthcare and Life Sciences, Media and Entertainment, Retail, IT and Telecom, Automotive.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.