Canada Ai Governance Market Size & Outlook, 2023-2030
Canada ai governance market, 2017-2030 (US$M)
Related Markets
Canada ai governance market highlights
- The Canada ai governance market generated a revenue of USD 16.8 million in 2023 and is expected to reach USD 148.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 36.5% 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 16.8 million |
| Market revenue in 2030 | USD 148.2 million |
| Growth rate | 36.5% (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, Canada accounted for 10.0% 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 North America, U.S. ai governance market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 148.2 million by 2030.
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AI Governance Market Scope
AI Governance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 65.48% in 2023. Horizon Databook has segmented the Canada ai governance market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
The Canadian government is actively incorporating AI into public services to improve efficiency and service delivery. AI governance frameworks ensure that these services operate transparently and ethically, protecting citizens' data and ensuring fair access to services.
This involves implementing guidelines for the ethical use of AI in government operations, conducting impact assessments, and maintaining accountability for AI-driven decisions.
Hence, by governing the use of AI in public services, the Canadian government aims to enhance public trust, improve service quality, and promote transparency in government operations.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada ai governance market , including forecasts for subscribers. This country databook contains high-level insights into Canada ai governance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada ai governance market size, by component, 2017-2030 (US$M)
Canada AI Governance Market Outlook Share, 2023 & 2030 (US$M)
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