Explainable AI Market - 2023-2031
Description
Explainable AI Market Overview:
The Explainable AI Market was valued at US$ 5.2 Billion in 2023 and is anticipated to reach US$ 22.1 Billion by 2031, at a CAGR of 0.202 from 2026 to 2032.
The report delivers in-depth insights into key market dynamics, including regional growth trends, market segmentation, CAGR projections, and the revenue performance of leading industry players. It also highlights major growth drivers shaping the market landscape. Designed to provide a clear and comprehensive perspective, the report offers a detailed view of the current market size in terms of both value and volume, along with emerging opportunities and the overall development outlook of the Explainable AI Market.
This report delivers a comprehensive overview of the Explainable AI Market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Explainable AI Market. The Explainable AI Market size, estimates, and forecasts are provided in terms of output/shipments (K MT) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2023–2031.
Explainable AI Market Scope:
By Offering
• Solution
• Services
By Deployment
• Cloud
• On-premises
By Organization Size
• Small and Medium-sized Enterprises
• Large Enterprises
By Technology
• Machine Learning (ML)
• Natural Language Processing (NLP)
• Computer Vision
• Big Data Analytics
• Others
By Application
• Fraud and Anomaly Detection
• Drug Discovery and Diagnostics
• Predictive Maintenance
• Supply Chain Management
• Identity and Access Management
• Others
By End-User
• Healthcare
• BFSI
• Aerospace and Defense
• Retail and E-commerce
• Public Sector and Utilities
• IT and Telecommunication
• Automotive
• Others
Key Players
• Kyndi
• Alphabet, Inc.
• IBM Corporation
• Microsoft Corporation
• Amelia US LLC
• BuildGroup
• DataRobot, Inc.
• Ditto AI Ltd
• DarwinAI
• Factmata
Major Highlights
This report delivers a comprehensive overview of the Explainable AI Market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Explainable AI Market. The Explainable AI Market size, estimates, and forecasts are provided in terms of output/shipments (K Sqm) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2023–2031.
This report will assist keyword manufacturers, new entrants, and companies across the industry value chain with information on revenues, production, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.
Regional Analysis:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
South America (Colombia, Brazil, Argentina, Rest of South America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Partner Identification
Increase Your Customer Base by 3X using our Partner Identification tool
Uncover strategic collaboration opportunities with DataM vetted partners aligned to your ecosystem.
Identify high potential M&A targets based on synergies, market positioning and growth trajectory.
Prioritize partners by strategic fit rather than general capability.
Why Choose DataM?
• Data-Driven Insights: Dive into detailed analyses with granular insights such as pricing, market shares and value chain evaluations, enriched by interviews with industry leaders and disruptors.
• Post-Purchase Support and Expert Analyst Consultations: As a valued client, gain direct access to our expert analysts for personalized advice and strategic guidance, tailored to your specific needs and challenges.
• White Papers and Case Studies: Benefit quarterly from our in-depth studies related to your purchased titles, tailored to refine your operational and marketing strategies for maximum impact.
• Annual Updates on Purchased Reports: As an existing customer, enjoy the privilege of annual updates to your reports, ensuring you stay abreast of the latest market insights and technological advancements. Terms and conditions apply.
• Specialized Focus on Emerging Markets: DataM differentiates itself by delivering in-depth, specialized insights specifically for emerging markets, rather than offering generalized geographic overviews. This approach equips our clients with a nuanced understanding and actionable intelligence that are essential for navigating and succeeding in high-growth regions.
• Value of DataM Reports: Our reports offer specialized insights tailored to the latest trends and specific business inquiries. This personalized approach provides a deeper, strategic perspective, ensuring you receive the precise information necessary to make informed decisions. These insights complement and go beyond what is typically available in generic databases.
Target Audience 2026
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
The Explainable AI Market was valued at US$ 5.2 Billion in 2023 and is anticipated to reach US$ 22.1 Billion by 2031, at a CAGR of 0.202 from 2026 to 2032.
The report delivers in-depth insights into key market dynamics, including regional growth trends, market segmentation, CAGR projections, and the revenue performance of leading industry players. It also highlights major growth drivers shaping the market landscape. Designed to provide a clear and comprehensive perspective, the report offers a detailed view of the current market size in terms of both value and volume, along with emerging opportunities and the overall development outlook of the Explainable AI Market.
This report delivers a comprehensive overview of the Explainable AI Market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Explainable AI Market. The Explainable AI Market size, estimates, and forecasts are provided in terms of output/shipments (K MT) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2023–2031.
Explainable AI Market Scope:
By Offering
• Solution
• Services
By Deployment
• Cloud
• On-premises
By Organization Size
• Small and Medium-sized Enterprises
• Large Enterprises
By Technology
• Machine Learning (ML)
• Natural Language Processing (NLP)
• Computer Vision
• Big Data Analytics
• Others
By Application
• Fraud and Anomaly Detection
• Drug Discovery and Diagnostics
• Predictive Maintenance
• Supply Chain Management
• Identity and Access Management
• Others
By End-User
• Healthcare
• BFSI
• Aerospace and Defense
• Retail and E-commerce
• Public Sector and Utilities
• IT and Telecommunication
• Automotive
• Others
Key Players
• Kyndi
• Alphabet, Inc.
• IBM Corporation
• Microsoft Corporation
• Amelia US LLC
• BuildGroup
• DataRobot, Inc.
• Ditto AI Ltd
• DarwinAI
• Factmata
Major Highlights
This report delivers a comprehensive overview of the Explainable AI Market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Explainable AI Market. The Explainable AI Market size, estimates, and forecasts are provided in terms of output/shipments (K Sqm) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2023–2031.
This report will assist keyword manufacturers, new entrants, and companies across the industry value chain with information on revenues, production, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.
Regional Analysis:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
South America (Colombia, Brazil, Argentina, Rest of South America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Partner Identification
Increase Your Customer Base by 3X using our Partner Identification tool
Uncover strategic collaboration opportunities with DataM vetted partners aligned to your ecosystem.
Identify high potential M&A targets based on synergies, market positioning and growth trajectory.
Prioritize partners by strategic fit rather than general capability.
Why Choose DataM?
• Data-Driven Insights: Dive into detailed analyses with granular insights such as pricing, market shares and value chain evaluations, enriched by interviews with industry leaders and disruptors.
• Post-Purchase Support and Expert Analyst Consultations: As a valued client, gain direct access to our expert analysts for personalized advice and strategic guidance, tailored to your specific needs and challenges.
• White Papers and Case Studies: Benefit quarterly from our in-depth studies related to your purchased titles, tailored to refine your operational and marketing strategies for maximum impact.
• Annual Updates on Purchased Reports: As an existing customer, enjoy the privilege of annual updates to your reports, ensuring you stay abreast of the latest market insights and technological advancements. Terms and conditions apply.
• Specialized Focus on Emerging Markets: DataM differentiates itself by delivering in-depth, specialized insights specifically for emerging markets, rather than offering generalized geographic overviews. This approach equips our clients with a nuanced understanding and actionable intelligence that are essential for navigating and succeeding in high-growth regions.
• Value of DataM Reports: Our reports offer specialized insights tailored to the latest trends and specific business inquiries. This personalized approach provides a deeper, strategic perspective, ensuring you receive the precise information necessary to make informed decisions. These insights complement and go beyond what is typically available in generic databases.
Target Audience 2026
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
Table of Contents
217 Pages
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Offering
- 3.2. Snippet by Deployment
- 3.3. Snippet by Organization Size
- 3.4. Snippet by Technology
- 3.5. Snippet by Application
- 3.6. Snippet by End-User
- 3.7. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Growing Technological Advancements
- 4.1.1.2. Growing Consumer’s E-Waste Awareness
- 4.1.2. Restraints
- 4.1.2.1. Initial High Implementation Costs
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 5.5. Russia-Ukraine War Impact Analysis
- 5.6. DMI Opinion
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Offering
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Offering
- 7.1.2. Market Attractiveness Index, By Offering
- 7.2. Solution*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Services
- 8. By Deployment
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 8.1.2. Market Attractiveness Index, By Deployment
- 8.2. Cloud*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. On-premises
- 9. By Organization Size
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 9.1.2. Market Attractiveness Index, By Organization Size
- 9.2. Small and Medium-sized Enterprises*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Large Enterprises
- 10. By Technology
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 10.1.2. Market Attractiveness Index, By Technology
- 10.2. Machine Learning (ML)*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Natural Language Processing (NLP)
- 10.4. Computer Vision
- 10.5. Big Data Analytics
- 10.6. Others
- 11. By Application
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.1.2. Market Attractiveness Index, By Application
- 11.2. Fraud and Anomaly Detection*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3. Drug Discovery and Diagnostics
- 11.4. Predictive Maintenance
- 11.5. Supply Chain Management
- 11.6. Identity and Access Management
- 11.7. Others
- 12. By End-User
- 12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.1.2. Market Attractiveness Index, By End-User
- 12.2. Healthcare*
- 12.2.1. Introduction
- 12.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 12.3. BFSI
- 12.4. Aerospace and Defense
- 12.5. Retail and E-commerce
- 12.6. Public Sector and Utilities
- 12.7. IT and Telecommunication
- 12.8. Automotive
- 12.9. Others
- 13. By Region
- 13.1. Introduction
- 13.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 13.1.2. Market Attractiveness Index, By Region
- 13.2. North America
- 13.2.1. Introduction
- 13.2.2. Key Region-Specific Dynamics
- 13.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Offering
- 13.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 13.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 13.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 13.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 13.2.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 13.2.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 13.2.9.1. U.S.
- 13.2.9.2. Canada
- 13.2.9.3. Mexico
- 13.3. Europe
- 13.3.1. Introduction
- 13.3.2. Key Region-Specific Dynamics
- 13.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Offering
- 13.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 13.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 13.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 13.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 13.3.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 13.3.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 13.3.9.1. Germany
- 13.3.9.2. UK
- 13.3.9.3. France
- 13.3.9.4. Italy
- 13.3.9.5. Spain
- 13.3.9.6. Rest of Europe
- 13.4. South America
- 13.4.1. Introduction
- 13.4.2. Key Region-Specific Dynamics
- 13.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Offering
- 13.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 13.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 13.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 13.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 13.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 13.4.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 13.4.9.1. Brazil
- 13.4.9.2. Argentina
- 13.4.9.3. Rest of South America
- 13.5. Asia-Pacific
- 13.5.1. Introduction
- 13.5.2. Key Region-Specific Dynamics
- 13.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Offering
- 13.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 13.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 13.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 13.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 13.5.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 13.5.9. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 13.5.9.1. China
- 13.5.9.2. India
- 13.5.9.3. Japan
- 13.5.9.4. Australia
- 13.5.9.5. Rest of Asia-Pacific
- 13.6. Middle East and Africa
- 13.6.1. Introduction
- 13.6.2. Key Region-Specific Dynamics
- 13.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Offering
- 13.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Deployment
- 13.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Organization Size
- 13.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 13.6.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 13.6.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 14. Competitive Landscape
- 14.1. Competitive Scenario
- 14.2. Market Positioning/Share Analysis
- 14.3. Mergers and Acquisitions Analysis
- 15. Company Profiles
- 15.1. Kyndi*
- 15.1.1. Company Overview
- 15.1.2. Product Portfolio and Description
- 15.1.3. Financial Overview
- 15.1.4. Key Developments
- 15.2. Alphabet, Inc.
- 15.3. IBM Corporation
- 15.4. Microsoft Corporation
- 15.5. Amelia US LLC
- 15.6. BuildGroup
- 15.7. DataRobot, Inc.
- 15.8. Ditto AI Ltd
- 15.9. DarwinAI
- 15.10. Factmata (LIST NOT EXHAUSTIVE)
- 16. Appendix
- 16.1. About Us and Services
- 16.2. Contact Us
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