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AI Governance Market size is Projected To Reach USD 116.3 Million By 2028 At A CAGR of 25.1% - Valuates Reports

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Valuates Reports

01 Mar, 2022, 13:00 GMT

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BANGALORE, India, March 1, 2022 /PRNewswire/ -- AI Governance Market is Segmented  By Type - Software, Service, Others, Market By Application - BFSI, Healthcare and Life Sciences, Government and Defense, Retail and Car. Global Opportunity Analysis and Industry Forecast 2022 - 2028. It is published in Valuates Reports under the  Software Category.

The global AI Governance market size is projected to reach USD 116.3 million by 2028, from USD 23 million in 2021, at a CAGR of 25.1% during 2022-2028.

Major factors driving the growth of the AI governance market are

The adoption of the AI governance market is expected to be driven by increased adoption of AI in multiple fields, increased government initiatives to leverage AI technology, increased need for building trust in AI systems, increased need to mitigate risks of malfunction and misusage, and increased demand for transparency in AI decisions, as well as increased regulatory compliances around the technology.

Browse The Table Of Contents And List Of Figures At https://reports.valuates.com/market-reports/QYRE-Auto-14V5953/global-ai-governance

TRENDS INFLUENCING THE GROWTH OF THE AI GOVERNANCE MARKET

As businesses expand their use of AI in various applications, they must do so in a responsible and regulated manner. Many complementary forces are at work here, including brand reputation, anticipated regulations, AI complexity, and social justice. Each of these factors would be sufficient to justify the need for AI governance on its own, but the combination of these factors demonstrates that AI governance is a critical capability for all businesses deploying AI. AI projects are doomed to fail without proper AI governance. As part of AI governance processes, capturing and managing metadata on AI models provides transparency into how AI systems are built and deployed, which is a key requirement for most regulatory concerns. This factor is expected to drive the growth of the AI Governance market.

Companies that use AI in Smart Tech applications can reduce the risk of malfunction and misuse by emphasizing a comprehensive approach to AI governance, while users and society as a whole benefit from the gradual adoption of effective Smart Tech applications. This, in turn, is expected to propel the AI governance market forward.

An increase in government initiatives to leverage AI technology is expected to increase the growth of the AI governance market. With the growing benefits of AI, businesses and governments around the world are taking a variety of steps to adopt AI and machine learning technologies and establish themselves as market leaders. As a result, government organizations from a variety of countries are forming councils, developing new standards and guidelines, and designing frameworks to implement AI governance solutions.

 Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Auto-14V5953/Global_AI_Governance_Market

AI GOVERNANCE MARKET SHARE ANALYSIS

Based on region, North America is expected to be the most lucrative. Organizations in North America, particularly in the United States, have taken advantage of AI, machine learning, and deep learning technologies to stay ahead of the competition. The region's economies are well-established, allowing AI governance vendors to invest in new technologies.

Inquire For Customization:  https://reports.valuates.com/request/customisation/QYRE-Auto-14V5953/Global_AI_Governance_Market

AI Governance Market By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Inquire For Regional:  https://reports.valuates.com/request/regional/QYRE-Auto-14V5953/Global_AI_Governance_Market

AI Governance Market By Company

  • IBM
  • Google
  • Facebook
  • AWS
  • Microsoft
  • Salesforce.com
  • SAP
  • FICO
  • 2021.AI
  • ZestFinance
  • SAS Institute
  • Pymetrics
  • H2O.AI
  • integrate.ai

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SIMILAR REPORTS

  • The global artificial intelligence market size is expected to reach USD 169411.8 Million in 2025, from USD 4065 Million in 2016 growing at a CAGR of 55.6% from 2018 to 2025.
  • The global Artificial Intelligence inRetail market size is projected to reach USD 3853 million by 2026, from USD 1076.2 million in 2019, at a CAGR of 19.8% during 2021-2026.
  • The global AI in telecommunication market size is projected to reach USD 14990 million by 2027, from USD 1189 million in 2020, at a CAGR of 42.6% during 2021-2027.
  • The global AI in Fintech market is projected to reach USD 17440 million by 2027, from USD 5350.8 million in 2020, at a CAGR of 17.9% during 2021-2027.
  • The global Artificial Intelligence in Medicine market size is projected to reach USD 5972 million by 2028, from USD 1022.3 million in 2021, at a CAGR of 28.1% during 2022-2028.
  • In 2021, the global Artificial Intelligence in BFSI market size will be USD 3060.1 million and it is expected to reach USD 8321.6 million by the end of 2027, with a CAGR of 18.1% during 2021-2027.
  • The global Artificial Intelligence in Manufacturing and Supply Chain market size is projected to reach USD 7671.9 million by 2028, from USD 826 million in 2021, at a CAGR of 36.9% during 2022-2028.
  • The global Artificial Intelligence In Military market size is projected to reach USD 15630 million by 2028, from USD 7219.3 million in 2021, at a CAGR of 11.5% during 2022-2028.
  • The global Artificial Intelligence (AI) in Cyber Security market size is projected to reach USD 59230 million by 2027, from USD 11550 million in 2020, at a CAGR of 26.3% during 2021-2027.
  • The global Automotive Artificial Intelligence (AI) market size is projected to reach USD 20110 million by 2028, from USD 2799.8 million in 2021, at a CAGR of 32.1% during 2022-2028.
  • The global Artificial Intelligence Software market size is projected to reach USD 61380 million by 2028, from USD 12600 million in 2021, at a CAGR of 24.0% during 2022-2028.
  • Global Artificial Intelligence in Education Market Insights, Forecast to 2028
  • Global Artificial Intelligence (AI) in Mining Market Size, Status and Forecast 2021-2027

Click Here To See Related Reports on AI Governance Market

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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