AI Governance Market – Global Forecast to 2029
The AI governance market is projected to grow from USD 890.6 million in 2024 to USD 5,776.0 million in 2029, with a CAGR of 45.3% during 2024–2029.
AIガバナンス市場は、2024 年の 8 億 9,060 万米ドルから 2029 年には 57 億 7,600 万米ドルに成長し、2024 年から 2029 年の CAGR は 45.3% になると予測されています。
The AI governance market is expected to experience substantial expansion in the next few years, fueled by growing recognition of the importance of risk management in AI deployments. Organizations have been investing more in AI governance tools as they realize the criticality of controlling AI risks. Regulated industries in finance and healthcare are leading the way in creating governance solutions for compliance with strict regulations. Increasing demands for trust, transparency, and accountability in using AI systems drive the market further as organizations emphasize responsible and ethical use of AI in various sectors.
The report includes the study of key players offering AI governance solutions. It profiles major vendors in the AI governance market. The major players in the AI governance market include Microsoft (US), IBM (US), Google (US), Salesforce (US), SAP (Germany), AWS (US), SAS Institute (US), FICO (US), Accenture (Ireland), Qlik (US), H2O.AI (US), Alteryx (US), DataRobot (UK), Dataiku (US), Domino Data Lab (US), SparkCognition (US), Collibra (US), OneTrust (US), Quest Software (US), Fiddler AI (US), Untangle AI (Singapore), 2021.AI (Denmark), Howso (US), Monitaur (US), Mind Foundry (UK), Credo AI (US), Holistic AI (UK), Fairly AI (Canada), Enzai (UK), ValidMind (US), FairNow (US), Mona Labs (US), Arthur AI (US), Trustible (US), Atlan (Singapore), ModelOp (US), Neptune AI (Poland), Patronus AI (US), and Datatron (US).
The report provides insights on the following pointers:
- Analysis of key drivers (Increasing regulatory compliance pressures driving organizations to adopt governance frameworks, awareness of risk mitigation efforts prompting investments in AI governance tools, AI governance adoption in regulated industries fuels growth of governance solutions, demand for trust and transparency expanding the AI governance market), restraints (Lack of harmonized global standards for AI governance, high costs of implementing AI governance frameworks, and complexity in monitoring and managing AI models post-deployment), opportunities (Growing demand for ethical AI creates opportunities in bias mitigation solutions, integration with MLOps platforms expands the governance market, growth in AI adoption by SMEs fuels demand for scalable governance solutions, emerging regulatory frameworks open new market segments), and challenges (Resistance to change in established workflows, and limited understanding of AI risks and governance needs).
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the AI governance market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the AI governance market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the AI governance market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Microsoft (US), IBM (US), Google (US), Salesforce (US), SAP (Germany), AWS (US), SAS Institute (US), FICO (US), Accenture (Ireland), Qlik (US), H2O.AI (US), Alteryx (US), DataRobot (UK), Dataiku (US), Domino Data Lab (US), SparkCognition (US), Collibra (US), OneTrust (US), Quest Software (US), Fiddler AI (US), Untangle AI (Singapore), 2021.AI (Denmark), Howso (US), Monitaur (US), Mind Foundry (UK), and Credo AI (US) among others in the AI governance market. The report also helps stakeholders understand the pulse of the AI governance market and provides them with information on key market drivers, restraints, challenges, and opportunities.