Explainable AI Market Report Overview:
Explainable AI Market Size was valued at USD 5.69 Billion in 2022 and is expected to reach USD 18.34 Billion by 2029 at a CAGR of 18.2 % over the forecast period.
The Explainable AI market has been forecasted by region, type, and application, with sales and revenue. The Explainable AI market research highlights the market share, main suppliers, distributors, changing price patterns, and the raw material supply chain. The market report gives companies deep insights into the global Explainable AI industry dynamics.
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Explainable AI Market Scope and Research Methodology
The report majorly focuses on the Explainable AI market dynamics including drivers, restraints, challenges and opportunities. This information on the market dynamics is provided region-wise and segment-wise in the Explainable AI market report, which makes it an investor’s guide. Data was collected for the report by using primary and secondary research methods, which were combined to make the Explainable AI market report error-free and authentic. After determining the total market size, the market was divided into various segments and sub-segments and the segments were verified through primary research by conducting in-depth interviews with the individuals holding influential positions in the Explainable AI industry. The bottom-up approach was used to estimate the regional and global Explainable AI market size. By using Secondary research, major Explainable AI key players in the industry were identified and their revenues were determined through primary and secondary research. The secondary research includes data collection from official databases of various organizations and government sites, industry journals, white papers, annual reports and suppliers in the Explainable AI industry along with paid and free databases, while primary research includes in-depth interviews with opinion leaders and industry experts.
Explainable AI Market Segmentation:
By End-Use: The Explainable AI (XAI) market is divided into numerous significant end-use areas. XAI has been widely adopted by the banking sector, which uses it to improve risk assessment and fraud detection. Critical medical decisions are made more clear and understandable in healthcare with the help of XAI. It guarantees the interpretability of AI-driven activities in robots and autonomous vehicles, improving safety. XAI is becoming more and more important in applications for the government and the military, assuring the transparency of AI-driven choices. XAI helps personalize customer experiences in retail and e-commerce. This segmentation demonstrates the wide range of businesses that have come to appreciate the benefits of XAI in increasing the reliability and transparency of AI.
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Explainable AI Market Key Players:
IBM
Microsoft
Google
Amazon Web Services (AWS)
Oracle
SAP
SAS
FICO
H2O.ai
Explainable AI Market Regional Analysis:
The Explainable AI market report is segmented into key regions, such as North America, Asia Pacific, Europe, Middle East and Africa, and South America. Furthermore, the report includes market size, CAGR, import and export, and country-level analysis, integrating the demand and supply forces of the Explainable AI market in these countries.
Key Questions answered in the Explainable AI Market Report are:
Key Offerings:
About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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