South Korea Ai Governance Market Size & Outlook, 2023-2030
South Korea ai governance market, 2017-2030 (US$M)
Related Markets
South Korea ai governance market highlights
- The South Korea ai governance market generated a revenue of USD 4.3 million in 2023 and is expected to reach USD 60.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 45.8% 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 4.3 million |
| Market revenue in 2030 | USD 60.3 million |
| Growth rate | 45.8% (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 Korea accounted for 2.6% 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 Asia Pacific, China ai governance market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 60.3 million by 2030.
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AI Governance Market Scope
AI Governance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 65.12% in 2023. Horizon Databook has segmented the South Korea ai governance market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
In South Korea, AI is increasingly used for content moderation across digital platforms, including social media and streaming services. AI governance frameworks ensure that these systems operate within ethical standards, avoiding biases and ensuring fairness in content moderation.
This requires transparency in how AI algorithms detect and manage inappropriate content, and regular audits to prevent the reinforcement of existing biases.
Hence, effective AI governance can help maintain the integrity of digital platforms, protect users from harmful content, and drive compliance with regulatory requirements.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea ai governance market , including forecasts for subscribers. This country databook contains high-level insights into South Korea ai governance market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea ai governance market size, by component, 2017-2030 (US$M)
South Korea AI Governance Market Outlook Share, 2023 & 2030 (US$M)
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