North America Explainable Ai Market Size & Outlook
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North America explainable ai market highlights
- The North America explainable ai market generated a revenue of USD 3,172.9 million in 2024.
- The market is expected to grow at a CAGR of 13.5% from 2025 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2024.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 3,172.9 million |
| Market revenue in 2030 | USD 6,860.4 million |
| Growth rate | 13.5% (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 |
| Key market players worldwide | Amelia, BuildGroup, DataRobot, Ditto, DarwinAI, Factmata, Alphabet Inc Class A, International Business Machines Corp, Kyndi, Microsoft Corp |
Other key industry trends
- In terms of revenue, North America region accounted for 40.7% of the global explainable ai market in 2024.
- 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 7,375.7 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 |
North America 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 92.99% in 2024. Horizon Databook has segmented the North America explainable ai market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
North America dominated the market with a share of 40.7% in 2024. North America leads the explainable AI market due to advanced technological infrastructure and strong AI research.
The presence of major AI companies and healthcare institutions drives adoption. Strict regulatory requirements increase demand for transparent AI solutions. Growing investments in AI startups support market expansion. Awareness about AI ethics and accountability is high, boosting explainable AI use.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America explainable ai market , including forecasts for subscribers. This continent databook contains high-level insights into North America explainable ai market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America explainable ai market size, by country, 2018-2030 (US$M)
North America Explainable AI Market Outlook Share, 2024 & 2030 (US$M)
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