South Africa Ai Governance Market Size & Outlook
South Africa ai governance market, 2017-2030 (US$M)
Related Markets
South Africa ai governance market highlights
- The South Africa ai governance market generated a revenue of USD 2.7 million in 2023 and is expected to reach USD 25.7 million by 2030.
- The South Africa market is expected to grow at a CAGR of 38% 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 2.7 million |
| Market revenue in 2030 | USD 25.7 million |
| Growth rate | 38% (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, South Africa accounted for 1.6% 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 Middle East & Africa, Saudi Arabia ai governance market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 48.2 million by 2030.
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AI Governance Market Scope
AI Governance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 66.67% in 2023. Horizon Databook has segmented the South Africa ai governance market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
AI technologies are increasingly used in South Africa’s defense sector for applications such as surveillance, threat detection, and military strategy. Governance frameworks focus on ensuring that AI systems are used ethically and securely, with strict controls on data handling and decision-making processes.
This includes implementing measures to protect sensitive information, prevent misuse of AI in defense applications, and ensure compliance with national security regulations.
Hence, effective AI governance in defense helps enhance national security while safeguarding civil liberties and maintaining ethical standards.
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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 country-level data and insights on the South Africa ai governance market , including forecasts for subscribers. This country databook contains high-level insights into South Africa ai governance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa ai governance market size, by component, 2017-2030 (US$M)
South Africa AI Governance Market Outlook Share, 2023 & 2030 (US$M)
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