According to a new market research report published by Global Insight Services “AI Governance Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
AI Governance is a term that refers to the set of policies, processes, and decision rights that guide and constrain the development and use of artificial intelligence (AI) systems. The goal of AI governance is to ensure that AI technologies are developed and used in ways that are ethically sound, socially responsible, and legally compliant.
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Key Market Players
The AI governance market report includes players such as Alphabet Inc., Microsoft, IBM, Amazon Web Services, Inc., SAS Institute Inc., Facebook, Inc., SAP SE, Salesforce.com Inc., Dataiku, and Kyndi, Inc.
Key Trends
There are a number of key trends in AI Governance technology. One is the increasing use of AI to automate decision-making. This includes the use of AI to automate the assessment of risk and to make recommendations about how to mitigate risk. Another trend is the use of AI to monitor and regulate AI systems. This includes the use of AI to detect and respond to bias in AI systems. Finally, there is an increasing trend towards the use of AI to help humans make better decisions. This includes the use of AI to provide decision support and to improve the usability of decision-making tools.
Key Drivers
The key drivers of the AI Governance market are transparency, accountability, privacy, security, and trustworthiness.
Accountability: The need for accountability in AI governance is driven by the potential for harm that can be caused by AI systems. AI systems can make decisions that have a negative impact on people or the environment. accountability can help to ensure that AI systems are used responsibly and that those who are responsible for them are held accountable for any harm that they cause.
Privacy: The need for privacy in AI governance is driven by the fact that AI systems often have access to large amounts of data. This data can include personal information about individuals, which can be used to identify them or to make decisions about them. Privacy concerns can also arise from the use of data for training and testing AI systems.
Security: The need for security in AI governance is driven by the fact that AI systems can be used to launch attacks. AI systems can be used to exploit vulnerabilities in computer systems or to create new vulnerabilities. Security concerns can also arise from the use of data for training and testing AI systems.
Trustworthiness: The need for trustworthiness in AI governance is driven by the fact that AI systems are often used to make decisions that have a significant impact on peoples lives. Trustworthiness can help to ensure that AI systems are used responsibly and that the decisions they make are based on accurate and unbiased information.
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Key Market Segments
The AI governance market report is bifurcated on the basis of component, deployment mode, organization size, industry vertical, and region. On the basis of component, it is segmented into solutions and services. Based on deployment mode, it is analyzed across cloud and on-premises. By organization size, it is categorized into large enterprises and small & medium enterprises. By vertical, it is divided into BFSI, government & defense, healthcare, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Reasons to buy AI Governance Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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