A latest published report on “AI Governance Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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The Global AI Governance Market size is expected to grow from USD 51 Million in 2019 to USD 316 Million by 2025, at a CAGR of 44.3% during the forecast period. This report spread across 106 pages, profiling 14 companies and supported with 28 tables and 41 figures is now available in this research.
Autonomous transportation is one of the areas in the automotive industry where the AI governance solutions are expected to be playing a major role because if the autonomous vehicle makes a mistake in decision making it can directly lead to the loss of life.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.
“Europe expected to grow at the highest growth rate during the forecast period”
The AI governance market in Europe is expected to grow at a rapid pace during the forecast period. The region is expected to hold the second-largest market size in the global AI governance market. Various verticals across the region are focusing on incorporating AI governance model, to monitor the AI algorithm on a real-time basis, and to avoid complications and ethical challenges of post-development of the AI system.
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Breakdown of primary participants’ profile:
- By Company Type: Tier 1 – 25%, Tier 2 – 42%, and Tier 3 – 33%
- By Designation: C-level – 46%, Director-level – 42%, and Others – 12%
- By Region: North America – 35%,APAC– 20%, Europe– 40%,RoW –5%
Top Companies profiled in the AI Governance Market:
Reason to access this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall AI governance market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies.