AI Governance Market was valued at US$ 0.08 Bn. in 2021. Global AI Governance Market size is expected to grow at a CAGR of 53.63 % through the forecast period.
AI Governance Market Overview:
AI (artificial intelligence) technology is a carbon copy of human intelligence processes by machines, especially computer systems, and this AI governance acts as an interface between humans and machines. AI is a versatile technology with the ability to transform industrial and organizational processes.
The AI Governance Market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the AI Governance Market , as well as the reasons for variations in the industry’s growth between regions.
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Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
Segmentation:
Based on Component, the AI Governance Market is segmented into Solution and Service. The solution segment had the largest market share in 2021. The solution segment is expected to grow fast during the forecast period, partly due to increased user reliance and the need for AI-based systems.
AI Governance Solutions are platforms and software tools that provide end-to-end AI governance solutions to AI developers, data scientists, business users, and IT architects in a variety of industries. This help to collaborates, build, and operate AI solutions, enabling enterprises to integrate a variety of AI and related features into their applications. Another segment is the service segment.
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Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the AI Governance Market are as follows:
• 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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Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the AI Governance Market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
COVID-19 Impact Analysis on AI Governance Market :
Due to a break in operations, end-user sectors where AI Governance Market are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for AI Governance Market manufacturers, impacting the growth of the AI Governance Market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for AI Governance Market .
Key Questions Answered in the AI Governance Market Report are:
- In 2021, which segment owned the greatest share of the AI Governance Market ?
- What is the competitive landscape of the AI Governance Market ?
- What are the key factors influencing AI Governance Market growth?
- In the AI Governance Market , which region has the most market share?
- What will be the CAGR of the AI Governance Market over the forecast period (2022-2027)?
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