1. What is the projected Compound Annual Growth Rate (CAGR) of the AI governance market?
The projected CAGR is approximately 37.7%.
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AI governance market by Deployment (Cloud, On-premise), by Enterprise Type (Large Enterprises, Small & Medium Enterprises (SMEs), by End-user (Healthcare, Retail, IT, Telecom, BFSI, Automotive, Media, Entertainment, Manufacturing, Others), by By Deployment (Cloud, On-premise), by South America (Brazil, Argentina, Rest of South America), by Europe (U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, Japan, India, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The AI governance market size was valued at USD 2.1 USD billion in 2023 and is projected to reach USD 4.7 USD billion by 2032, exhibiting a CAGR of 37.7 % during the forecast period. AI governance is a generic term that implies the development of the right framework, regulation, guidelines, and control of the artificial intelligence (AI) systems being implemented. Governance refers to regulations and policies that give direction to and manage the development of Industries. Types of governance include regulatory governance, organizational governance, and technical governance. Considering, these include good governance based on demonstrated qualities of being fair, following legal and ethical standards, accountability, and transparency. Industries see potential in fields like healthcare, solving underlying concerns that may arise, and implementing trust-worthy AI systems. Today, one of the major market trends in the US that underlines the necessity of AI governance solutions is the fact that people have become more informed about the social impacts of AI and that they pressure firms to implement ethical AI practices that will safeguard them from legal issues.
Deployment:
Enterprise Type:
End-user:
The AI governance market is expected to continue to grow rapidly in the coming years. The increasing demand for AI solutions, along with growing regulatory pressure and awareness of data privacy and security concerns, will drive this growth.
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 37.7% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research

Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 37.7%.
Key companies in the market include Microsoft Corporation (U.S.), IBM Corporation (U.S.), SAP SE (Germany), FICO (U.S.), H2O.ai, Inc. (U.S.), Informatica LLC (U.S.), OneTrust, LLC (U.S.), Accenture (Ireland), Salesforce.com, Inc. (U.S.), Credo AI (U.S.).
The market segments include Deployment, Enterprise Type, End-user.
The market size is estimated to be USD 2.1 USD Billion as of 2022.
Easy and Quick Access to Historical Dataset to Drive Market Growth.
Increasing Need for Transparency and Trust Building in AI Technologies to Aid Market Growth.
Inadequate AI Expertise and Skills to Hamper Market Growth.
December 2023: Meta and IBM launched the AI Alliance in collaboration with more than 50 founding members and employees around the world. Open innovation in AI benefits everyone and is developed responsibly. The AI Alliance comprises a wide range of organizations working in AI education, research, development & deployment, and governance.
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The market size is provided in terms of value, measured in USD Billion.
Yes, the market keyword associated with the report is "AI governance market," which aids in identifying and referencing the specific market segment covered.
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