North America Ai Governance Market Size & Outlook
North America ai governance market, 2017-2030 (US$M)
Related Markets
North America ai governance market highlights
- The North America ai governance market generated a revenue of USD 52.2 million in 2023.
- The market is expected to grow at a CAGR of 31.9% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 52.2 million |
| Market revenue in 2030 | USD 362.3 million |
| Growth rate | 31.9% (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, North America region accounted for 31.0% 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 |
|---|
North America 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 66.09% in 2023. Horizon Databook has segmented the North America ai governance market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
The North American region is witnessing a surge in regulatory developments aimed at ensuring the responsible use of AI technologies. Legislators and government agencies are actively working to create rules and guidelines for automated systems and are focused on balancing innovation with the need to prevent adverse outcomes.
These developments are driving organizations to adopt Artificial Intelligence (AI) governance solutions that facilitate compliance and accountability in their AI initiatives.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America ai governance market , including forecasts for subscribers. This continent databook contains high-level insights into North America ai governance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America ai governance market size, by country, 2017-2030 (US$M)
North America AI Governance Market Outlook Share, 2023 & 2030 (US$M)
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