The AI Governance Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the AI Governance Market?
The market size of the AI Governance Global Market Report has seen exponential growth lately. In 2024, the market was valued at $0.29 billion and is projected to increase to $0.42 billion in 2025, representing a compound annual growth rate (CAGR) of 45.5%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the AI Governance Industry?
The AI Governance Global Market Report estimates that by 2029, the market size will reach $1.85 billion, growing at a compound annual growth rate (CAGR) of 44.6%.
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What are the Key Growth Drivers Fueling the AI Governance Market?
The key drivers in the ai governance market are:
• Expanding government initiatives to leverage AI technology
• Increasing use of AI in the retail sector
• Advancements in artificial intelligence and AI lifecycle management platforms
• The development of ethical AI platforms and hybrid cloud management solutions.
Global Market Segmentation: Identifying Major AI Governance Industry Segments
The AI governance market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Type: On-Premises, Cloud
3) By Organization Size: Large Enterprise, Small And Medium-Sized Enterprises(SMEs)
4) By Vertical: Banking, Financial Services, And Insurance(BFSI), Government And Defense, Healthcare And Life Sciences, Media And Entertainment, Retail, Information Technology And Telecommunication, Automotive, Others Verticals
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What are the Emerging Trends Shaping the Future of the AI Governance Market?
The key trends in the ai governance market are:
• Advancements in artificial intelligence are becoming a significant trend.
• The development of enterprise AI lifecycle management platforms is shaping the future of the market.
• There's an emerging trend towards creating ethical AI platforms.
• Hybrid cloud management solutions are gaining traction in the AI governance market.
Who Are the Top Competitors & Leading Players in the AI Governance Market?
Major companies in the ai governance market are:
• Amazon.com Inc.
• Alphabet Inc.
• Google LLC
• Microsoft Corporation
• Robert Bosch GmbH
• International Business Machines Corporation
• Oracle Corporation
• SAP SE
• ABB Ltd.
• Tata Consultancy Services Limited
• DXC Technology Company
• Atos S.E.
• McAfee Corp.
• AVEVA Group plc
• TIBCO Software Inc.
• Hexaware Technologies Limited
• QlikTech International AB
• Altair Engineering Inc.
• Scale AI Inc.
• Arthur
• MOSTLY AI
• Protopia AI
• Impact AI
• H2O.ai
• Credo.AI Corp.
Regional Dominance: Which Area Leads the Global AI Governance Market?
North America was the largest region in the AI governance market in 2024
