AI Governance: Market Dynamics and Competitive Landscape Report
                     
AI Governance Market Overview
The global AI Governance market was valued at $80.8 million in 2021, and is 
projected to reach $2.7 billion by 2031, growing at a CAGR of 42.1% from 2022 to 
2031.
                                                           𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭
AI governance refers to the frameworks, policies, and guidelines that ensure the 
ethical, transparent, and responsible development and deployment of artificial 
intelligence (AI) technologies. It aims to mitigate potential risks and address 
issues such as fairness, accountability, transparency, bias, privacy, and the 
societal impact of AI. AI governance involves a combination of legal regulations, 
industry standards, organizational policies, and ethical considerations, aiming to 
balance innovation with safety and human rights protection. The AI Governance 
market is focused on establishing frameworks, policies, and standards to ensure 
the ethical and responsible development, deployment, and use of artificial 
intelligence technologies.
Covid-19 Impact
The COVID-19 pandemic severely impacted numerous 
industries worldwide, with remote work introducing security 
and productivity challenges. Sectors like healthcare and the 
automobile industry turned to advanced technologies such 
as IoT, AI, Big Data, and Analytics to address and predict 
challenges posed by the crisis. In healthcare, AI played a 
crucial role in tracking the virus, identifying high-risk 
patients, and enabling real-time infection control. This 
increased reliance on AI during the pandemic has led to a 
growing demand for AI governance, especially in the 
healthcare sector, driving significant market growth in the 
post-pandemic era.
AI Governance Market Segments
By Component By Deployment By Enterprise Size
Mode
Solution On-Premise Large enterprises
Services Cloud Small and medium-
sized enterprises 
(SMEs)
AI Governance Market Segments
By Industry Vertical By Region
BFSI North America  (U.S., Canada)
Government and Defense Europe  (UK, Germany, France, Italy, Spain, Rest of Europe)
Healthcare and Life Sciences Asia-Pacific  (China, India, Japan, South Korea, Singapore, Rest of Asia-
Pacific)
Media and Entertainment LAMEA  (Latin America, Middle East, Africa)
Retail
IT and Telecom
Automotive
Key Players
 Alphabet Inc., 
 SAP SE, 
 Microsoft Corporation, 
 Salesforce, Inc., 
 International Business Machines Corporation, 
 Amazon Web Services, Inc., 
 Meta, 
 QlikTech International AB, 
 TIBCO Software Inc., 
 SAS Institute Inc.
Contact Us
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Delaware 19801
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Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
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