Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 94.98 Million | USD 8609.6 Million | 65% | 2023 |
FrequentlyAsked Questions
AI governance entails developing frameworks, policies, and standards to appropriately oversee and control AI development, deployment, and use. To assure ethical, legal, social, and technological AI system development and use that aligns with societal values and avoids hazards, it addresses them. Transparency, accountability, fairness, privacy, and security are AI governance. It promotes AI's benefits while limiting its drawbacks and ensuring that AI technologies are developed and deployed to benefit all stakeholders.
The AI Governance market shows a significant demand owing to government initiatives to offer AI technology. Increasing need for building trust in AI systems is another factor driving the demand for AI Governance businss.
The Global AI Governance Market Size Was Worth USD 94.98 Million in 2023 and projected to USD 8609.6 Million by 2032, with a CAGR of around 65% between 2024-2032.
In the global AI governance industry, North America is expected to hold the largest market volume, while Europe is expected to grow at the fastest growth rate over the forecast period.
The AI Governance market comprises key solution providers, such as IBM, Google, Microsoft, SAP, Salesforce.Com, Facebook, Fico, 2021.AI, Pymetrics, AWS, ZestFinance, SAS Institute, Integrate.AI, and H2O.AI among others
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