Brazil Ai Governance Market Size & Outlook, 2023-2030
Brazil ai governance market, 2017-2030 (US$M)
Related Markets
Brazil ai governance market highlights
- The Brazil ai governance market generated a revenue of USD 4.9 million in 2023 and is expected to reach USD 52.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 40.4% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
Ai governance market data book summary
| Market revenue in 2023 | USD 4.9 million |
| Market revenue in 2030 | USD 52.7 million |
| Growth rate | 40.4% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | ABB Ltd, DXC Technology Co Registered Shs When Issued, International Business Machines Corp, Infosys Ltd ADR, Microsoft Corp, NTT Data Group Corp, Oracle Corp, SAP SE ADR, Siemens AG, Tata Communications, TIBCO |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.9% of the global ai governance market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil ai governance market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 52.7 million by 2030.
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AI Governance Market Scope
AI Governance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil 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 65.31% in 2023. Horizon Databook has segmented the Brazil ai governance market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
Growing awareness of the implications of AI technologies in Brazil is driving the need for responsible AI governance.
Civil society organizations and advocacy groups are calling for stronger regulations and ethical standards to ensure that AI systems are used in ways that benefit society and protect individual rights.
This trend is prompting policymakers to consider public sentiment and the potential societal impacts of AI deployment in their governance strategies.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil ai governance market , including forecasts for subscribers. This country databook contains high-level insights into Brazil ai governance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil ai governance market size, by component, 2017-2030 (US$M)
Brazil AI Governance Market Outlook Share, 2023 & 2030 (US$M)
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