AI Governance Market

The AI Governance market is projected to reach USD 114.24 billion by 2033, growing from USD 54.74 billion in 2023 at a compound annual growth rate (CAGR) of 62.4% over the decade. In the financial sector, AI governance refers to the regulatory and supervisory standards for AI models used in financial services. It involves establishing robust governance frameworks to ensure that AI models align with an organization’s objectives and values, while addressing conduct and prudential risks. These frameworks should incorporate existing international standards and emerging themes such as reliability, accountability, transparency, fairness, and ethics. Developing international guidance or standards by financial standard-setting bodies could support jurisdictions undergoing digital transformation and provide a baseline for the orderly deployment of AI technologies within the financial sector.

The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.

Segments covered

By Component (Solution, Services)
By Deployment Mode (Cloud, On-premises)
By Organization Size Large enterprises, Small and medium-sized enterprises)
By Vertical (BFSI, Government and Defense, Healthcare and Information & Communication Technologys, Other Verticals)

Key players

Alphabet Inc
Microsoft Corporation
IBM Corporation
Amazon Web Services, Inc
QlikTech International AB
TIBCO Software Inc.
SAS Institute Inc.
Facebook, Inc
Pymetrics Inc.
Ataccama Corporation


CHAPTER 1. Executive Summary
CHAPTER 2. Scope of the Study
2.1. Market Definition
2.2. Market Scope & Segmentation
2.2.1. Objective of Report
CHAPTER 3. Evolve BI Methodology
3.1. Data Collection & Validation Approach
3.2. Market Size Estimation and Forecast
CHAPTER 4. Exclusive Analysis
4.1. Market Opportunity Score
4.1.1. Component Segement – Market Opportunity Score
4.1.2. Deployment Mode Segment – Market Opportunity Score
4.1.3. Organization SizeSegment – Market Opportunity Score
4.1.4. Vertical Segment – Market Opportunity Score
4.2. Key Market Influencing Indicators
CHAPTER 5. Market Insights and Trends
5.1. Value Chain Analysis
5.1.1. Component
5.1.2. Manufacturing Process
5.1.3. Distribution Channel
5.1.4. End User
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining Power of Buyers
5.2.2. Bargaining Power of Suppliers
5.2.3. Threat of New Entrant
5.2.4. Threat of Substitute
5.2.5. Industry Rivalry
5.3. COVID-19 Impact and Post COVID Scenario on AI Governance Market
5.3.1. Impact of COVID-19
5.3.2. Government Support and Industry Revival Policies
5.3.3. Measures Taken by Companies to Mitigate Negative Impact
5.3.4. Post COVID Trend
CHAPTER 6. MArket Dynamics
6.1. Introduction
6.2. Drivers
6.2.1. Driver 1
6.2.2. Driver 2
6.2.3. Driver 3
6.3. Restraints
6.3.1. Restraint 1
6.3.2. Restraint 2
6.4. Opportunity
6.4.1. Opportunity 1
CHAPTER 7. Global AI Governance Market, By Component
7.1. Introduction
7.1.1. Solution
7.1.2. Services
CHAPTER 8. Global AI Governance Market, By Deployment Mode
8.1. Introduction
8.1.1. Cloud
8.1.2. On-premises
CHAPTER 9. Global AI Governance Market, By Organization Size
9.1. Introduction
9.1.1. Large enterprises
9.1.2. Small and medium-sized enterprises
CHAPTER 10. Global AI Governance Market, By Vertical
10.1. Introduction
10.1.1. BFSI
10.1.2. Government and Defence
10.1.3. Healthcare and Information & Communication Technologys
10.1.4. Other Verticals
CHAPTER 11. Global AI Governance Market, By Region
11.1. Introduction
11.2. NORTH AMERICA
11.2.1. North America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.2.2. North America: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.2.3. North America: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.2.4. North America: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.2.5. North America: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.2.6. US
11.2.6.1. US: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.2.6.2. US: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.2.6.3. US: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.2.6.4. US: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.2.7. CANADA
11.2.7.1. Canada: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.2.7.2. Canada: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.2.7.3. Canada: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.2.7.4. Canada: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.2.8. MEXICO
11.2.8.1. Mexico: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.2.8.2. Mexico: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.2.8.3. Mexico: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.2.8.4. Mexico: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.3. Europe
11.3.1. Europe: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.3.2. Europe: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.3. Europe: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.3.4. Europe: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.3.5. Europe: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.3.6. U.K.
11.3.6.1. U.K.: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.6.2. U.K.: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.3.6.3. U.K.: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.3.6.4. U.K.: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.3.7. GERMANY
11.3.7.1. Germany: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.7.2. Germany: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.3.7.3. Germany: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.3.7.4. Germany: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.3.8. FRANCE
11.3.8.1. France: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.8.2. France: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.3.8.3. France: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.3.8.4. France: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.3.9. ITALY
11.3.9.1. Italy: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.9.2. Italy: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.3.9.3. Italy: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.3.9.4. Italy: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.3.10. SPAIN
11.3.10.1. Spain: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.10.2. Spain: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.3.10.3. Spain: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.3.10.4. Spain: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.3.11. BENELUX
11.3.11.1. BeNeLux: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.11.2. BeNeLux: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.3.11.3. BeNeLux: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.3.11.4. BeNeLux: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.3.12. RUSSIA
11.3.12.1. Russia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.12.2. Russia: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.3.12.3. Russia: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.3.12.4. Russia: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.3.13. REST OF EUROPE
11.3.13.1. Rest of Europe: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.3.13.2. Rest of Europe: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.3.13.3. Rest of Europe: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.3.13.4. Rest of Europe: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.4. Asia Pacific
11.4.1. Asia Pacific: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.4.2. Asia Pacific: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.3. Asia Pacific: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.4.4. Asia Pacific: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.4.5. Asia Pacific: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.4.6. CHINA
11.4.6.1. China: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.6.2. China: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.4.6.3. China: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.4.6.4. China: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.4.7. JAPAN
11.4.7.1. Japan: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.7.2. Japan: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.4.7.3. Japan: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.4.7.4. Japan: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.4.8. INDIA
11.4.8.1. India: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.8.2. India: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.4.8.3. India: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.4.8.4. India: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.4.9. SOUTH KOREA
11.4.9.1. South Korea: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.9.2. South Korea: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.4.9.3. South Korea: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.4.9.4. South Korea: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.4.10. THAILAND
11.4.10.1. Thailand: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.10.2. Thailand: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.4.10.3. Thailand: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.4.10.4. Thailand: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.4.11. INDONESIA
11.4.11.1. Indonesia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.11.2. Indonesia: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.4.11.3. Indonesia: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.4.11.4. Indonesia: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.4.12. MALAYSIA
11.4.12.1. Malaysia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.12.2. Malaysia: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.4.12.3. Malaysia: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.4.12.4. Malaysia: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.4.13. AUSTRALIA
11.4.13.1. Australia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.13.2. Australia: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.4.13.3. Australia: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.4.13.4. Australia: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.4.14. REST FO ASIA PACIFIC
11.4.14.1. Rest fo Asia Pacific: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.4.14.2. Rest fo Asia Pacific: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.4.14.3. Rest fo Asia Pacific: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.4.14.4. Rest fo Asia Pacific: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.5. South America
11.5.1. South America: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.5.2. South America: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.5.3. South America: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.5.4. South America: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.5.5. South America: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.5.6. BRAZIL
11.5.6.1. Brazil: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.5.6.2. Brazil: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.5.6.3. Brazil: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.5.6.4. Brazil: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.5.7. ARGENTINA
11.5.7.1. Argentina: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.5.7.2. Argentina: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.5.7.3. Argentina: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.5.7.4. Argentina: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.5.8. REST OF SOUTH AMERICA
11.5.8.1. Rest of South America: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.5.8.2. Rest of South America: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.5.8.3. Rest of South America: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.5.8.4. Rest of South America: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.6. Middle East & Africa
11.6.1. Middle East & Africa: Market Size and Forecast, By Country, 2023 – 2033 ($ Million)
11.6.2. Middle East & Africa: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.6.3. Middle East & Africa: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.6.4. Middle East & Africa: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.6.5. Middle East & Africa: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.6.6. SAUDI ARABIA
11.6.6.1. Saudi Arabia: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.6.6.2. Saudi Arabia: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.6.6.3. Saudi Arabia: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.6.6.4. Saudi Arabia: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.6.7. UAE
11.6.7.1. UAE: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.6.7.2. UAE: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.6.7.3. UAE: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.6.7.4. UAE: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.6.8. EGYPT
11.6.8.1. Egypt: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.6.8.2. Egypt: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.6.8.3. Egypt: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.6.8.4. Egypt: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.6.9. SOUTH AFRICA
11.6.9.1. South Africa: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.6.9.2. South Africa: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.6.9.3. South Africa: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.6.9.4. South Africa: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
11.6.10. REST OF MIDDLE EAST & AFRICA
11.6.10.1. Rest of Middle East & Africa: Market Size and Forecast, By Component, 2023 – 2033 ($ Million)
11.6.10.2. Rest of Middle East & Africa: Market Size and Forecast, By Deployment Mode, 2023 – 2033 ($ Million)
11.6.10.3. Rest of Middle East & Africa: Market Size and Forecast, By Organization Size,2023 – 2033 ($ Million)
11.6.10.4. Rest of Middle East & Africa: Market Size and Forecast, By Vertical, 2023 – 2033 ($ Million)
CHAPTER 12. Competitive Landscape
12.1. Competitior Benchmarking 2023
12.2. Market Share Analysis
12.3. Key Developments Analysis By Top 5 Companies
12.4. Market Share Acquisition Strategies: Analysis of Key Approaches Employed by Top Players
CHAPTER 13. Company Profiles
13.1. Alphabet Inc
13.1.1. Business Overview
13.1.2. Financial Analysis
13.1.2.1. Business Segment Revenue, 2018, 2019, 2020, $ Million
13.1.2.2. Geographic Revenue Mix, 2020 (% Share)
13.1.3. Product Portfolio
13.1.4. Recent Development and Strategies Adopted
13.1.5. SWOT Analysis
13.2. Microsoft Corporation
13.3. IBM Corporation
13.4. Amazon Web Services, Inc
13.5. QlikTech International AB
13.6. TIBCO Software Inc.
13.7. SAS Institute Inc.
13.8. Facebook, Inc
13.9. Pymetrics Inc.
13.10. Ataccama Corporation

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