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AI Governance Market Worth $316 Million by 2025 - Exclusive Report by MarketsandMarkets™
[September 18, 2019]

AI Governance Market Worth $316 Million by 2025 - Exclusive Report by MarketsandMarkets™


CHICAGO, Sept. 18, 2019 /PRNewswire/ -- According to a new market research report "AI Governance Market by Component (Solutions (Platforms and Software Tools) and Services), Vertical (BFSI, Healthcare and Life Sciences, Government and Defense, Telecom, Retail, and Automotive), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the AI Governance Market size is expected to grow from USD 51 million in 2020 to USD 316 million by 2025, at a CAGR of 44.3% during the forecast period.

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The increasing government initiatives to leverage the benefits of AI and increasing need for building trust in AI systems are some of the major factors driving the growth of the AI Governance Market.

Browse in-depth TOC on "AI Governance Market"

28 – Tables

41 – Figures  

106 – Pages     

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The solution segment to hold the largest market size during the forecast period

The AI governance solution refers to the platform and software tools, which provides end-to-end AI governance solutions to AI developers, data scientists, business users, and IT architects across different verticals. This solution helps in collaborating, building, and running AI solutions, and enable companies integrate the Machine Learning (ML) capabilities to their existing applications.

The automotive segment to grow at a higher CAGR during the forecast period

Autonomous transportation is one of the areas in the automotive vertical where the AI governance solutions are expected to be playing a major role because if autonomous vehicle makes a mistake in decision making it can directly lead to the loss of life. There are lot of initiatives happening in the development of self-driving cars. Unfortunately, various incidents of accidents are still there and require special attention. Therefore, as self-driving cars can have major role in making life and death-related decisions, they are expected to become major adopter of AI governance solution



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North America estimated to lead the AI Governance Market size during the forecast period

North America is estimated to account for the highest market share of the AI Governance Market in 2019. The region comprises developed countries, such as the US and Canada, and is considered the most advanced region in terms of adopting digital technologies. North America exhibits a wide presence of key industry players offering AI governance solutions and services, and its financial position enables it to invest majorly in leading tools and technologies for effective business operations.

Some of the leading companies operating in AI Governance Market are IBM (US), Google (US), Facebook (US), AWS (US), Microsoft (US), Salesforce.com (US), SAP (Germany), FICO (US), 2021.AI (Denmark), ZestFinance (US), SAS Institute (US), Pymetrics (US), H2O.AI (US), and integrate.ai (Canada).

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About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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