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AI Governance Market: By Component, By Deployment Type, By End User, and Geography
AI Governance Market: By Component, By Deployment Type, By End User, and Geography
AI Governance Market size is valued at US$ 202.6 million in 2023 and is poised to grow at a CAGR of 27.9% from 2024-2030. 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.
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.
Study Period
2024-2030Base Year
2023CAGR
27.9%Largest Market
North AmericaFastest Growing Market
Asia Pacific
A rising need for transparency in AI decision-making, growing adoption of AI across all industry sectors, an increase in artificial intelligence compliance standards, and a number of government-led initiatives that strongly support AI technology are all contributing factors to the market growth.
By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. The growth is due to the increasing use of AI-driven services. The region is expected to have tremendous growth during the forecast timeframe owing to its rapid adoption of technology. Many countries are working on AI governance and building the foundation for the creation of AI principles, norms, and guidelines, including Australia, China, Singapore, and South Korea.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 202.6 million |
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Market CAGR |
27.9% |
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By Component |
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By Deployment Type |
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By End User |
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By Region |
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The global ai governance market size was valued at US$ 202.6 million in 2023 and is projected to grow at a significant CAGR of 27.9% from 2024-2030.
The major players in the global AI governance market are AWS (US), Facebook (US), AI Dynamics INC., FICO (US), Google (US), integrate.ai (Canada), H2O.AI (US), IBM (US), Microsoft (US), Pymetrics (US), Salesforce.com (US), SAS Institute (US), SAP (Germany) and IBM (US).
Asia Pacific is the fastest-growing region for AI governance market
| 1. Executive Summary |
| 2. Global AI Governance Market Introduction |
| 2.1. Global AI Governance Market Taxonomy |
| 2.2. Global AI Governance Market Definitions |
| 2.2.1. By Component |
| 2.2.2. By Deployment Type |
| 2.2.3. By End User |
| 2.2.4. By Region |
| 3. Global AI Governance Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global AI Governance Market Dynamic Factors - Impact Analysis |
| 3.6. Global AI Governance Market Competition Landscape |
| 4. Global AI Governance Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global AI Governance Market, By Component, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Solution |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Services |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global AI Governance Market, By Deployment Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. On-Premises |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Cloud Based |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global AI Governance Market, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Government and Defense |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Media and Entertainment |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Automotive |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Healthcare and Life Sciences |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Retail and Consumer Goods |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. IT and Telecommunications |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 7.7. Others |
| 7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.7.3. Market Opportunity Analysis |
| 8. Global AI Governance Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global AI Governance Market - Opportunity Analysis Index, By Component, End User, and Region, 2024 - 2030 |
| 9. North America AI Governance Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Services |
| 9.1.2. Solution |
| 9.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. On-premises |
| 9.2.2. Cloud-based |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Government and Defense |
| 9.3.2. Media and Entertainment |
| 9.3.3. Automotive |
| 9.3.4. Healthcare and Life Sciences |
| 9.3.5. Retail and Consumer Goods |
| 9.3.6. IT and Telecommunications |
| 9.3.7. Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America AI Governance Market - Opportunity Analysis Index, By Component, By Deployment Type, End User, and Country, 2024 - 2030 |
| 9.6. North America AI Governance Market Dynamics Trends |
| 10. Europe AI Governance Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Services |
| 10.1.2. Solution |
| 10.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. On-premises |
| 10.2.2. Cloud-based |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Government and Defense |
| 10.3.2. Media and Entertainment |
| 10.3.3. Automotive |
| 10.3.4. Healthcare and Life Sciences |
| 10.3.5. Retail and Consumer Goods |
| 10.3.6. IT and Telecommunications |
| 10.3.7. Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Rest of Europe |
| 10.5. Europe AI Governance Market - Opportunity Analysis Index, By Component, By Deployment Type, End User, and Country, 2024 - 2030 |
| 10.6. Europe AI Governance Market Dynamics Trends |
| 11. Asia-Pacific AI Governance Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Services |
| 11.1.2. Solution |
| 11.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. On-premises |
| 11.2.2. Cloud-based |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Government and Defense |
| 11.3.2. Media and Entertainment |
| 11.3.3. Automotive |
| 11.3.4. Healthcare and Life Sciences |
| 11.3.5. Retail and Consumer Goods |
| 11.3.6. IT and Telecommunications |
| 11.3.7. Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific AI Governance Market - Opportunity Analysis Index, By Component, By Deployment Type, End User, and Country, 2024 - 2030 |
| 11.6. Asia-Pacific AI Governance Market Dynamics Trends |
| 12. Latin America AI Governance Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Services |
| 12.1.2. Solution |
| 12.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. On-premises |
| 12.2.2. Cloud-based |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. Government and Defense |
| 12.3.2. Media and Entertainment |
| 12.3.3. Automotive |
| 12.3.4. Healthcare and Life Sciences |
| 12.3.5. Retail and Consumer Goods |
| 12.3.6. IT and Telecommunications |
| 12.3.7. Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America AI Governance Market - Opportunity Analysis Index, By Component, By Deployment Type, End User, and Country, 2024 - 2030 |
| 12.6. Latin America AI Governance Market Dynamics Trends |
| 13. Middle East and Africa AI Governance Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Services |
| 13.1.2. Solution |
| 13.2. Deployment Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. On-premises |
| 13.2.2. Cloud-based |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. Government and Defense |
| 13.3.2. Media and Entertainment |
| 13.3.3. Automotive |
| 13.3.4. Healthcare and Life Sciences |
| 13.3.5. Retail and Consumer Goods |
| 13.3.6. IT and Telecommunications |
| 13.3.7. Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA AI Governance Market - Opportunity Analysis Index, By Component, By Deployment Type, End User, and Country, 2024 - 2030 |
| 13.6. MEA AI Governance Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Component Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. AWS (US) |
| 14.2.2. Facebook (US) |
| 14.2.3. AI Dynamics INC. |
| 14.2.4. FICO (US) |
| 14.2.5. Google (US) |
| 14.2.6. integrate.ai (Canada) |
| 14.2.7. H2O.AI (US) |
| 14.2.8. IBM (US) |
| 14.2.9. Microsoft (US), |
| 14.2.10. Pymetrics (US) |
| 14.2.11. Salesforce.com (US) |
| 14.2.12. SAS Institute (US) |
| 14.2.13. SAP (Germany) |
| 14.2.14. IBM (US) |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.