AI Governance Market: Competitive Landscape and Key Strategies
Added: (Fri Oct 20 2023)
Pressbox (Press Release) -
The market for AI governance is undergoing a remarkable transition, and in the upcoming years, ground-breaking developments are anticipated. With a projected valuation of US$ 0.12 billion in 2022, the market is expected to rise at an impressive CAGR of 53.63% over the course of the forecast period, offering a plethora of opportunities. 📈
🧠 AI Facilitating Transformation: Artificial Intelligence (AI) is transforming several sectors by acting as a conduit between humans and machines. It has the capacity to cause previously unheard-of changes in organizational and corporate operations.
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📊 A Versatile Technology: AI Governance may be used to a variety of industries. With its online and offline capabilities ranging from improved behavioral analytics to real-time offer management, this technology is becoming more and more popular in data science applications, data governance, process optimization, and training.
AI Governance Market Segment Analysis:
The AI Governance Market is divided into Solution and Service segments based on Component. In 2022, the solution sector held the most market share. The demand for AI-based systems and growing user dependence are two factors contributing to the solution segment's anticipated rapid growth throughout the projection period.
by Component
• Solution
• Service
The market for AI governance is divided into the following verticals: automotive, retail, telecom, healthcare and life sciences, government and defense, media and entertainment, and others.
The biggest market share belongs to automobiles, with government and national defense coming in second. One area where AI governance solutions are anticipated to be crucial is autonomous vehicles. Over the course of the forecast period, the autonomous transportation market is anticipated to rise at a CAGR of 31.2%.
by Vertical
• Automotive
• Government and Defense
• Healthcare and Life Sciences
• Media and Entertainment
• Retail
• Telecom
• Other
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🪙 Market Leader:
• IBM • AWS • SAP • Google • Facebook • Microsoft • Salesforce.com • SAP • FICO • 2021.AI • ZestFinance • SAS Institute • Pymetrics • H2O.AI • integrate.ai • Alphabet Inc • Amazon Web Services, Inc. • QlikTech International AB TIBCO Software Inc.
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