Global Ai Governance Market Size & Outlook, 2023-2030
Global ai governance market, 2017-2030 (US$M)
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Global ai governance market highlights
- The global ai governance market generated a revenue of USD 168.2 million in 2023 and is expected to reach USD 1,418.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 35.6% by 2030.
- In terms of segment, solution accounted for a revenue of USD 110.7 million in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 168.2 million |
| Market revenue in 2030 | USD 1,418.3 million |
| Growth rate | 35.6% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 31.0% of the global ai governance market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 214.2 million by 2030.
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AI Governance Market Scope
AI Governance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global ai governance market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ai governance market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 65.81% in 2023. Horizon Databook has segmented the Global ai governance market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
With the growing advantages of artificial intelligence (AI), organizations and governments worldwide are taking various initiatives to adopt ML and AI technologies and register as major players/competitors in the global market. Moreover, government organizations from various countries are taking numerous initiatives to adopt AI governance solutions by developing new standards, establishing councils and guidelines, and designing frameworks.
The key objective of governments is to adopt AI governance solutions to build trust and confidence and protect privacy in AI technology. Moreover, companies have formed committees to recognize risk factors for AI technology in collaboration with AI research labs, solution providers, and universities.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global ai governance market , including forecasts for subscribers. This global databook contains high-level insights into Global ai governance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global ai governance market size, by regions, 2017-2030 (US$M)
Top 10 countries: Ai governance market size, 2023 (US$M)
Global ai governance market share, by component, 2023 & 2030 (%, US$M)
Ai governance market: Opportunity assessment by country
Global ai governance market, by region, 2023 (US$M)
| Component | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 10.2 | 13.3 | 17.5 | 23.0 | 30.2 | 39.6 | 52.2 | 68.7 | 90.5 | 119.4 | 157.3 | 207.5 | 274.1 | 362.3 | 31.9% |
| Europe | 7.9 | 10.4 | 13.8 | 18.2 | 24.1 | 32.0 | 42.4 | 56.4 | 74.9 | 99.5 | 132.3 | 176.0 | 234.3 | 312.4 | 33.0% |
| Asia Pacific | 6.4 | 8.8 | 12.2 | 16.9 | 23.5 | 32.9 | 45.8 | 63.8 | 89.0 | 124.2 | 173.5 | 242.3 | 339.0 | 474.7 | 39.7% |
| Latin America | 1.7 | 2.3 | 3.2 | 4.4 | 6.1 | 8.5 | 11.9 | 16.5 | 23.0 | 32.0 | 44.7 | 62.5 | 87.3 | 122.3 | 39.5% |
| MEA | 1.7 | 2.6 | 3.8 | 5.5 | 8.0 | 11.3 | 15.9 | 22.3 | 30.9 | 42.7 | 58.6 | 80.0 | 108.5 | 146.6 | 37.4% |
| Overall | 27.9 | 37.4 | 50.5 | 68.0 | 91.9 | 124.3 | 168.2 | 227.7 | 308.3 | 417.8 | 566.4 | 768.3 | 1,043.2 | 1,418.3 | 35.6% |
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