How big is the AI Governance Market?

The AI Governance Market size is expected to reach USD 264.18 million in 2024 and grow at a CAGR of 28.80% to reach USD 936.44 million by 2029. Read More

What is the current AI Governance Market size?

In 2024, the AI Governance Market size is expected to reach USD 264.18 million. Read More

Who are the key players in AI Governance Market?

Microsoft Corporation, IBM Corporation, SAP SE, Google LLC (Alphabet Inc.) and FICO Inc. are the major companies operating in the AI Governance Market. Read More

Which is the fastest growing region in AI Governance Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in AI Governance Market?

In 2024, the North America accounts for the largest market share in AI Governance Market. Read More

What years does this AI Governance Market cover, and what was the market size in 2023?

In 2023, the AI Governance Market size was estimated at USD 188.10 million. The report covers the AI Governance Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the AI Governance Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

AI Governance Market - Size, Growth & Companies

AI Governance Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The AI Governance Market is Segmented by Component (Solution and Service), Deployment (On-Premise and Cloud), End-User Vertical (Healthcare, Government and Defense, Automotive, Retail, BFSI, and Other End-User Verticals), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

AI Governance Industry Overview

The intensity of competitive rivalry in the market is expected to remain high during the forecast period. Major players include IBM Corporation, Google LLC (Alphabet Inc.), SAP SE, Microsoft Corporation, and FICO Inc.

October 2023: IBM Corporation acquired Manta Software Inc., with Manta’s data lineage capabilities helping increase transparency within Watsonx. This will allow businesses to determine whether the right data was used for their AI models and systems, where it originated, how it has evolved, and any discrepancies in data flows and help deliver products that are built on principles of trust and transparency.
August 2023: SAP SE and Google Cloud announced a partnership in order to improve the enterprises harness the power of data and generative AI, where the companies will combine their integrated open data cloud using SAP Datasphere with Vertex AI to launch new generative AI-powered industry solutions starting with automotive and introduce new capabilities to help customers improve sustainability performance.