AI Governance Market size is valued at USD million in 2021 and is expected to reach a value of USD million by 2028, growing at a notable CAGR during the forecast period 2022 to 2028. The global market provides a detailed overview of the market and that can be segmented by component, deployment type, and end user. By component, the AI governance 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 AI governance market 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 2022-2028. On the basis of 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 actually innovate with their data across all platforms and clouds, in a number of configurations, and in terms of both its governance and management.