Latin America Ai Model Risk Management Market Size & Outlook
The ai model risk management market in Latin America is expected to reach a projected revenue of US$ 867.5 million by 2030. A compound annual growth rate of 14.4% is expected of Latin America ai model risk management market from 2024 to 2030.
Revenue, 2023 (US$M)
$338.3
Forecast, 2030 (US$M)
$867.5
CAGR, 2024 - 2030
14.4%
Report Coverage
Latin America
Latin America ai model risk management market, 2018-2030 (US$M)
Latin America ai model risk management market highlights
- The Latin America ai model risk management market generated a revenue of USD 338.3 million in 2023.
- The market is expected to grow at a CAGR of 14.4% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating offering in 2023.
- Software is the most lucrative offering segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 338.3 million |
| Market revenue in 2030 | USD 867.5 million |
| Growth rate | 14.4% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software |
| Key market players worldwide | Accenture PLC Class A, Amazon Web Services, DataRobot, Deloitte, Alphabet Inc Class C, International Business Machines Corp, McKinsey & Company, Microsoft Corp, SAS AB |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.2% of the global ai model risk management market in 2023.
- Globally, North America 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 3,321.7 million by 2030.
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AI Model Risk Management Market Scope
Ai model risk management market segmentation & scope
Risk Type
Security Risk
Ethical Risk
Operational Risk
Vertical
BFSI
Retail & eCommerce
IT & Telecom
Manufacturing
Healthcare & Life Sciences
Media & Entertainment
Government and Public Sector
Others
Application
Fraud Detection and Risk Reduction
Data Classification and Labelling
Sentiment Analysis
Model Inventory Management
Customer Segmentation and Targeting
Regulatory Compliance Monitoring
Other Applications
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Sweden
Norway
Denmark
China
India
Japan
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
AI Model Risk Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America ai model risk management market
Related regional statistics
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