Artificial Intelligence (AI) Governance - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global AI Governance Market is accounted for $34.85 million in 2019 and is expected to reach $585.98 million by 2027 growing at a CAGR of 42.3% during the forecast period. Increasing government initiatives to leverage the AI technology, and growing regulatory compliances around the technology are some of the elements propelling the market growth. However, establishing comprehensive ethical principles for AI is hampering the market growth.
AI governance encompasses the policies and the legal actions in order to design, develop; supervise algorithms and models of machine learning (ML). The management needs to focus the attention on transparent, ethical and accountable usage of the AI systems, which in turn will result in enhancing the outcomes and measures maximum optimization of AI technology. The AI governance broadly finds its applicability in the process of decision making, logistic computations, and others.
Based on the component, the services segment is likely to have a huge demand due to implementing platforms and executing activities related to it. These services include integration, consulting, and support and maintenance, which are necessary to deploy, execute, and maintain AI governance solutions. They help in building strategic and operational plan to identify the effective way to achieve business goals.
By geography, Europe is going to have a lucrative growth during the forecast period due to the implementation of AI-powered services is likely to grow in the region, due to the mounting ethical issues across AI technology and growing need to build legal framework to ensure the ML algorithm is developed for the good cause of humanity.
Some of the key players profiled in the AI Governance Market include IBM, ZestFinance, and 2021.AI, Pymetrics, SAS Institute, H2O.AI, Integrate.AI, Google, Microsoft, Facebook, SAP, Salesforce.Com, Fico and AWS.
• Natural Language Processing
• Machine Learning
• Computer Vision
Deployment Types Covered:
End Users Covered:
• Government and Defense
• Healthcare and Life Sciences
• Media and Entertainment
• Banking Financial Services and Insurance (BFSI)
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global AI Governance Market, By Technology
5.2 Natural Language Processing
5.3 Machine Learning
5.4 Computer Vision
6 Global AI Governance Market, By Component
6.2.1 Software Tools
6.3.3 Support and Maintenance
7 Global AI Governance Market, By Function
8 Global AI Governance Market, By Deployment Type
9 Global AI Governance Market, By End User
9.2 Government and Defense
9.3 Healthcare and Life Sciences
9.4 Media and Entertainment
9.8 Banking Financial Services and Insurance (BFSI)
9.9 Other End Users
9.9.1 Energy and Utilities
9.9.4 Travel and Tourism
10 Global AI Governance Market, By Geography
10.2 North America
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.5 Other Key Strategies
12 Company Profiling
12.5 SAS Institute
List of Tables
1 Global AI Governance Market Outlook, By Region (2018-2027) ($MN)
2 Global AI Governance Market Outlook, By Technology (2018-2027) ($MN)
3 Global AI Governance Market Outlook, By Natural Language Processing (2018-2027) ($MN)
4 Global AI Governance Market Outlook, By Machine Learning (2018-2027) ($MN)
5 Global AI Governance Market Outlook, By Computer Vision (2018-2027) ($MN)
6 Global AI Governance Market Outlook, By Component (2018-2027) ($MN)
7 Global AI Governance Market Outlook, By Solutions (2018-2027) ($MN)
8 Global AI Governance Market Outlook, By Software Tools (2018-2027) ($MN)
9 Global AI Governance Market Outlook, By Platform (2018-2027) ($MN)
10 Global AI Governance Market Outlook, By Services (2018-2027) ($MN)
11 Global AI Governance Market Outlook, By Consulting (2018-2027) ($MN)
12 Global AI Governance Market Outlook, By Integration (2018-2027) ($MN)
13 Global AI Governance Market Outlook, By Support and Maintenance (2018-2027) ($MN)
14 Global AI Governance Market Outlook, By Function (2018-2027) ($MN)
15 Global AI Governance Market Outlook, By Inference (2018-2027) ($MN)
16 Global AI Governance Market Outlook, By Training (2018-2027) ($MN)
17 Global AI Governance Market Outlook, By Deployment Type (2018-2027) ($MN)
18 Global AI Governance Market Outlook, By Cloud (2018-2027) ($MN)
19 Global AI Governance Market Outlook, By Hybrid (2018-2027) ($MN)
20 Global AI Governance Market Outlook, By On-Premises (2018-2027) ($MN)
21 Global AI Governance Market Outlook, By End User (2018-2027) ($MN)
22 Global AI Governance Market Outlook, By Government and Defense (2018-2027) ($MN)
23 Global AI Governance Market Outlook, By Healthcare and Life Sciences (2018-2027) ($MN)
24 Global AI Governance Market Outlook, By Media and Entertainment (2018-2027) ($MN)
25 Global AI Governance Market Outlook, By Retail (2018-2027) ($MN)
26 Global AI Governance Market Outlook, By Telecom (2018-2027) ($MN)
27 Global AI Governance Market Outlook, By Automotive (2018-2027) ($MN)
28 Global AI Governance Market Outlook, By Banking Financial Services and Insurance (BFSI) (2018-2027) ($MN)
29 Global AI Governance Market Outlook, By Other End Users (2018-2027) ($MN)
30 Global AI Governance Market Outlook, By Energy and Utilities (2018-2027) ($MN)
31 Global AI Governance Market Outlook, By Education (2018-2027) ($MN)
32 Global AI Governance Market Outlook, By Manufacturing (2018-2027) ($MN)
33 Global AI Governance Market Outlook, By Travel and Tourism (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
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