What is AI Governance Market?
AI governance is the idea that there should be legal framework for ensuring that machine learning (ML) technologies are well researched and developed with the goal of helping humanity navigate the adoption of AI systems fairly.
The market study is being classified by Type (Solutions {Platform and Software Tools} and Services {Consulting, Integration and Support and Maintenance}) and major geographies with country level break-up.
IBM (United States), Google (United States), Facebook (United States), AWS (United States), Microsoft (United States), Salesforce.com (United States), SAP (Germany), FICO (US), 2021.AI (Denmark), ZestFinance (United States) and SAS Institute (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Pymetrics (United States), H2O.AI (United States) and integrate.ai (Canada).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global AI Governance market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global AI Governance market by Type, Application and Region.
On the basis of geography, the market of AI Governance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Government Initiatives for Leverage the AI Technology
- Rise in the Implementation of AI Technologies across Many Sectors
Restraints
- Inadequate AI Expertise and Skills
Opportunities
- Growing Demand for Transparency in AI Decisions
- Growing Regulatory Compliances around the Technology
Challenges
- Clean and Relevant Data Required To Train Ml Algorithms
Key Target Audience
AI Governance Providers, Research Professionals, Emerging Companies, Government Body & Associations and End-user