AI Governance Market Size, Share, Growth, Trends, and Global Industry Analysis: By Component (Solution, Services), By Deployment Type (On-Premises, Cloud Based), By End User (Government and Defense, Media and Entertainment, Automotive, Healthcare and Life Sciences, Retail and Consumer Goods, IT and Telecommunications, Others), and Region Forecast 2020-2031

AI Governance Market size was valued at US$ 221.2 million in 2024 and is expected to reach US$ 4.145.8 million by 2031, growing at a significant CAGR of 52% from 2025-2031. The global market provides a detailed overview of the market that can be segmented by component, deployment type, and end user. By component, the market has been segmented into solutions and services. The solution segment is likely to be the largest and fastest-growing segment in terms of the component. Based on deployment type, the is segmented into on-premises and cloud-based. Among these, the on-premises segment is expected to have the fastest-growing market during the forecast period. Based on end-users, the market is segregated into government and defense, media and entertainment, automotive, healthcare and life sciences, retail and consumer goods, IT and telecommunications, and others. The government and defense held considerable market share during the forecast period.    

Key Developments

In April 2021, Cloud-based Intelligent Data Management was launched by Informatica (IDMC). a tool designed to help companies innovate with their data across all platforms and clouds, in many configurations, and terms of both its governance and management.