Global Explainable Ai Market Size & Outlook, 2025-2030
Global explainable ai market, 2018-2030 (US$M)
Related Markets
Global explainable ai market highlights
- The global explainable ai market generated a revenue of USD 7,796.2 million in 2024 and is expected to reach USD 21,061.3 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 18% by 2030.
- In terms of segment, solution accounted for a revenue of USD 7,421.2 million in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 7,796.2 million |
| Market revenue in 2030 | USD 21,061.3 million |
| Growth rate | 18% (CAGR from 2025 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 40.7% of the global explainable ai market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 1,231.0 million by 2030.
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Explainable AI Market Scope
Explainable AI Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kyndi | View profile | 11-50 | San Mateo, California, United States, North America | http://www.kyndi.com/ |
| Factmata | View profile | 1-10 | London, England, United Kingdom, Europe | http://factmata.com |
| DarwinAI | View profile | 11-50 | Waterloo, Ontario, Canada, North America | https://darwinai.com |
| Ditto | View profile | 11-50 | Manchester, Manchester, United Kingdom, Europe | http://www.ditto.ai/ |
| BuildGroup | View profile | 1-10 | Austin, Texas, United States, North America | http://www.buildgroup.com |
| DataRobot | View profile | 501-1000 | Boston, Massachusetts, United States, North America | http://datarobot.com |
| Amelia | View profile | 1001-5000 | New York, New York, United States, North America | https://amelia.ai |
| Alphabet Inc Class A | View profile | 180895 | 1600 Amphitheatre Parkway, Mountain View, CA, United States, 94043 | https://www.abc.xyz |
| Microsoft Corp | View profile | 221000 | One Microsoft Way, Redmond, WA, United States, 98052-6399 | https://www.microsoft.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
Global explainable ai 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 explainable ai market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 95.19% in 2024. Horizon Databook has segmented the Global explainable ai market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Explainable AI Component Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Services
- Global Explainable AI Deployment Outlook (Revenue, USD Million, 2018-2030)
- Cloud
- On-premises
- Global Explainable AI Application Outlook (Revenue, USD Million, 2018-2030)
- Fraud and Anomaly Detection
- Drug Discovery & Diagnostics
- Predictive Maintenance
- Supply Chain Management
- Identity and Access Management
- Others
- Global Explainable AI End Use Outlook (Revenue, USD Million, 2018-2030)
- Healthcare
- BFSI
- Aerospace & Defense
- Retail and E-commerce
- Public Sector & Utilities
- IT & Telecommunication
- Automotive
- Others
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Our clientele includes a mix of explainable ai market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global explainable ai market , including forecasts for subscribers. This global databook contains high-level insights into Global explainable ai market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global explainable ai market size, by regions, 2018-2030 (US$M)
Top 10 countries: Explainable ai market size, 2024 (US$M)
Global explainable ai market share, by component, 2024 & 2030 (%, US$M)
Explainable ai market: Opportunity assessment by country
Global explainable ai market, by region, 2024 (US$M)
Related statistics
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