Europe Ai Governance Market Size & Outlook, 2023-2030
Europe ai governance market, 2017-2030 (US$M)
Related Markets
Europe ai governance market highlights
- The Europe ai governance market generated a revenue of USD 42.4 million in 2023.
- The market is expected to grow at a CAGR of 33% 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 42.4 million |
| Market revenue in 2030 | USD 312.4 million |
| Growth rate | 33% (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 |
| 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, Europe region accounted for 25.2% of the global ai governance market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 474.7 million by 2030.
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AI Governance Market Scope
AI Governance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 65.57% in 2023. Horizon Databook has segmented the Europe ai governance market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
There is a growing emphasis on ethical AI practices within the European governance framework, with a focus on aligning AI technologies with fundamental human rights. Stakeholders, including policymakers and advocacy groups, are advocating for AI systems that promote fairness, inclusivity, and nondiscrimination.
Moreover, organizations are increasingly investing AI governance solutions that incorporate ethical principles into their AI development and deployment processes.
This trend is driven by public demand for accountability and transparency in AI applications, particularly in sensitive areas such as healthcare, finance.
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Our clientele includes a mix of ai governance market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ai governance market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ai governance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe ai governance market size, by country, 2017-2030 (US$M)
Europe AI Governance Market Outlook Share, 2023 & 2030 (US$M)
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